Investors should consider the investment objectives, risks, charges and
expenses of the funds carefully before investing. This and other
information are contained in the fund’s prospectus and summary
prospectus, if available, which may be obtained by contacting your
investment professional or PIMCO representative or by visiting www.pimco.com. Please read them
carefully before you invest or send money.
There is no assurance that any fund, including any fund that has experienced high or unusual performance for one or more periods, will experience similar levels of performance in the future. High performance is defined as a significant increase in either 1) a fund’s total return in excess of that of the fund’s benchmark between reporting periods or 2) a fund’s total return in excess of the fund’s historical returns between reporting periods. Unusual performance is defined as a significant change to a fund’s performance as compared to one or more previous reporting periods.
A word about risk:
The PIMCO funds are not federally guaranteed and it is possible to lose
money investing n a fund. Investing in the bond market is
subject to risks, including market, interest rate, issuer, credit,
inflation risk, and liquidity risk. The value of most bonds and bond
strategies are impacted by changes in interest rates. Bonds and bond
strategies with longer durations end to be more sensitive and volatile than
those with shorter durations; bond prices generally fall as interest rates
rise, and the current low interest rate environment increases this risk.
Current reductions in bond counterparty capacity may contribute to
decreased market liquidity and increase price volatility. Bond investments
may be worth more or less than the original cost when redeemed. Investing
in foreign denominated and or/domiciled securities may
involve heightened risk due to currency fluctuations, and economic and
political risks, which may be enhanced in emerging markets. Mortgage and asset backed securities may be sensitive to
changes in interest rates, subject to early repayment risk and their value
may fluctuate in response to the market’s perception of issuer
creditworthiness; while generally supported by some form of government or
private guarantee, there is no assurance that the private guarantors will
meet their obligations. High-yield, lower-rated,
securities involve greater risk than higher-rated securities; portfolios
that invest in them may be subject to greater levels of credit liquidity
risk than portfolios that do not. Equities may declines in
value due to both real and perceived general market, economic, and industry
conditions. Derivatives may involve certain costs and
risks, such as liquidity, interest rate, market, credit, management, and
the risk that a position could not be closed when most advantageous.
Investing in derivatives could lose more than the amount invested.
There is no guarantee that these investments strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should consult their investment professional prior to making an investment decision.
The 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 Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a
company of PIMCO.