Morningstar Gold-rated
PIMCO Income Fund

15+ years of delivering consistent income for investors

Fund Details and Materials

PIMIX

Income Fund


30-day SEC Yield Footnote 2
3.64%
as of 04/30/2022
Distribution Yield (NAV) Footnote 3
4.29%
as of 04/30/2022
Total Net
Assets
$127,783 MM
as of 04/30/2022
Fund Inception Date
03/30/2007
Overall Morningstar™ Rating
4-Star
Among 279 Multisector Bond funds based on risk-adjusted returns as of 04/30/2022 rated monthly.

Average Annual Returns 1 yr 3 yr 5 yr 10 yr Since Inception
Income Fund (at NAV) -1.54 2.93 3.59 5.96 7.24
Bloomberg U.S. Aggregate Index -4.15 1.69 2.14 2.24 3.56

Disclosures

All data as of 31 March 2022, unless otherwise stated. Source: PIMCO, Bloomberg. Performance is shown for the institutional class, net of fees. Gross Expense Ratio: 0.62%. Adjusted Expense Ratio: 0.50%. The Adjusted Expense Ratio excludes certain investment expenses, such as interest expense from borrowings and repurchase agreements and dividend expense from investments on short sales, incurred directly by the Fund or indirectly through the Fund’s investments in underlying PIMCO Funds (if applicable), none of which are paid to PIMCO.

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown. For performance current to the most recent month-end, visit www.pimco.com or call (888) 87-PIMCO

Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (“ROC”) of your investment in the Fund. If the Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and good accounting practices, the Fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice. The amounts and composition of distributions reported on any Section 19 Notice issued by the Fund are only estimates and should not be used for tax reporting purposes. The actual amounts and composition of distributions for tax reporting purposes will depend upon the Fund's investment experience during its entire fiscal year and may be subject to changes based on tax regulations. Final determination of a distribution's tax character will be reported on Form 1099 DIV sent to shareholders for the calendar year.

PFIIX

Low Duration Income Fund


30-day SEC Yield Footnote 2
2.99%
as of 04/30/2022
Distribution Yield (NAV) Footnote 3
2.89%
as of 04/30/2022
Total Net Assets
$10,576 MM
as of 04/30/2022
Fund Inception Date
07/30/2004
Overall Morningstar™ Rating
Among 556 Short-Term Bond funds based on risk-adjusted returns as of 04/30/2022 rated monthly.

Average Annual Returns 1 yr 3 yr 5 yr 10 yr Since Inception
Low Duration Income Fund (at NAV) -1.53 2.52 3.10 3.60 3.63
Bloomberg U.S. Aggregate 1-3 Years Index -2.91 0.92 1.21 1.08 2.21

Disclosures

All data as of 31 March 2022, unless otherwise stated. Source: PIMCO, Bloomberg. Performance is shown for the institutional class, net of fees. Gross Expense Ratio: 0.54%. Adjusted Expense Ratio: 0.51%. The Adjusted Expense Ratio excludes certain investment expenses, such as interest expense from borrowings and repurchase agreements and dividend expense from investments on short sales, incurred directly by the Fund or indirectly through the Fund’s investments in underlying PIMCO Funds (if applicable), none of which are paid to PIMCO.

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown. For performance current to the most recent month-end, visit www.pimco.com or call (888) 87-PIMCO

Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (“ROC”) of your investment in the Fund. If the Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and good accounting practices, the Fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice. The amounts and composition of distributions reported on any Section 19 Notice issued by the Fund are only estimates and should not be used for tax reporting purposes. The actual amounts and composition of distributions for tax reporting purposes will depend upon the Fund's investment experience during its entire fiscal year and may be subject to changes based on tax regulations. Final determination of a distribution's tax character will be reported on Form 1099 DIV sent to shareholders for the calendar year.

Your Source for Income Strategies

Benefit from PIMCO’s expertise as one of the world’s premier bond managers

15+ Years of Navigating Up and Down Markets

By seeking to provide consistent income and attractive returns, PIMCO Income Fund has helped millions of investors’ worldwide meet their income investing goals. Footnote 1

Designed with Resiliency in Mind to Handle Market Challenges

Distinctly balances higher-yielding assets and higher-quality assets, which perform differently in varying growth environments, to help weather the challenges of changing markets.

A Focus on Income

No matter which way the markets and interest rates move, our income investing strategies can access opportunities around the world – thanks to its global, flexible approach.

Award-Winning Income Investment Management Team

Dan Ivascyn and Alfred Murata were named Morningstar’s 2013 U.S. Fixed Income Fund Managers of the Year Footnote 4 . Dan, Alfred and Joshua Anderson draw on the firm’s time-tested investment process: our rigorously developed global macro outlook, bottom-up credit analysis and research teams’ deep reservoir of specialized investment expertise.

Dan Ivascyn

Dan Ivascyn

Group Chief Investment Officer

Dan is Group Chief Investment Officer and a managing director in the Newport Beach office, and is the lead portfolio manager for the firm’s income strategies and credit hedge fund and mortgage opportunistic strategies.

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Alfred Murata

Alfred Murata

Portfolio Manager, Mortgage Credit

Alfred is a managing director and portfolio manager in the Newport Beach office, managing income-oriented, multi-sector credit, opportunistic and securitized strategies.

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Joshua Anderson

Joshua Anderson

Head of Global ABS Portfolio Management

Joshua is a managing director and portfolio manager on the income team in the Newport Beach office, and leads the global ABS (asset-backed securities) portfolio management team.

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Disclosures

1 The PIMCO Income Fund has issued a dividend distribution for each month since inception. No guarantee is being made that a future dividend will be issued.

2 The 30 day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days.

3 The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The distribution yield for annual paying Funds is calculated by taking the annual distribution divided by the Fund’s net asset value on ex-date. The yield is annualized if the Fund incepted less than a year ago. The yield does not include long- or short-term capital gains distributions.

4 The Morningstar Fixed Income Fund Manager of the Year award is based on the strength of the manager, performance, strategy and firm's stewardship. Effective 30 July 2018, Joshua Anderson began co-managing the Fund.

5 On May 20, 2020, Morningstar rated Income Fund Instl (PIMIX) Gold.

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.

Past performance is not a guarantee or a reliable indicator of future results. The performance figures presented reflect the total return performance, unless otherwise noted, for Institutional Class shares (after fees) and reflect changes in share price an