As one of the world’s largest active fixed income investment managers, we aim to play a crucial role in financing a sustainable future, and we take that responsibility very seriously. Transitioning the global economy to a net-zero emissions future will require trillions of dollars of investment. We believe that the global bond market, almost double the size of the equity market, and its investors will be essential in meeting such an ambitious goal. The COVID-19 pandemic has elevated the importance of sustainable investing and corporate sustainability, and we firmly believe that healthy societies and healthy markets go hand-in-hand. People, communities, and economies will not be able to thrive if the world does not address threats such as environmental devastation, health scourges, and social inequities and imbalances. This makes working toward the Sustainable Development Goals (SDGs), and a sustainable future, more important than ever. At PIMCO, we remain a proud signatory of the UN Global Compact and its ten principles, focusing on human rights, labor standards, the environment, and anti-corruption. Embedding these principles into PIMCO’s strategy is essential to our high-performance culture – enabling us to deliver the best results for our clients, communities, and colleagues worldwide. By leveraging our existing and long-standing relationships with bond issuers around the globe, we aim to find new opportunities for our clients, influence positive changes via active engagement, and support the sustainable bond markets’ growth to benefit all stakeholders. Download the full PIMCO 2020 Corporate Responsibility report here. Disclosures All investments contain risk and may lose value. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2021, PIMCO.