Ten years.
Three Morningstar® awards.
One investment philosophy.

Some might call that consistency.   

As recipients of the 2007 Morningstar Fixed-Income Manager of the Year award, Bill Gross and team are the first ever to receive the award three times—all in the last 10 years (1998, 2000, and 2007). Some might call that consistency. We call it staying true to our mission of providing our clients with the best investment management in the world by adhering to a single investment philosophy: focus on the long term and never lose sight of the risks.

Past performance is not a guarantee or a reliable indicator of future results. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Pacific Investment Management Company LLC, 840 Newport Center Drive, Newport Beach, CA 92660. ©2008, PIMCO.