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
PIMCO representative or visiting
www.pimco.com
. Please read them carefully before you invest or send money.
The performance figures presented reflect the total return performance and
reflect changes in share price and reinvestment of dividend and capital
gain distributions. All periods longer than one year are annualized. The
minimum initial investment for Institutional class shares is $1 million;
however, it may be modified for certain financial intermediaries who submit
trades on behalf of eligible investors.
Investments made by a Fund and the results achieved by a Fund are not
expected to be the same as those made by any other PIMCO advised Fund,
including those with a similar name, investment objective or policies. A
new or smaller Fund’s performance may not represent how the Fund is
expected to or may perform in the long-term. New Funds have limited
operating histories for investors to evaluate and new and smaller Funds may
not attract sufficient assets to achieve investment and trading
efficiencies. A Fund may be forced to sell a comparatively large portion of
its portfolio to meet significant shareholder redemptions for cash, or hold
a comparatively large portion of its portfolio in cash due to significant
share purchases for cash, in each case when the Fund otherwise would not
seek to do so, which may adversely affect performance.
Differences in the Fund’s performance versus the index and related
attribution information with respect to particular categories of securities
or individual positions may be attributable, in part, to differences in the
pricing methodologies used by the Fund and the index.
The PIMCO RAE Fundamental Emerging Markets Fund and PIMCO RAE Fundamental US Fund were privately offered funds
managed by the Fund’s Sub-Adviser and were reorganized into the Funds as of
5 June 2015. For periods prior to the commencement of Fund operations, the
Fund’s performance is that of the privately offered fund. The performance
of the privately offered fund has not been restated to reflect the fees,
estimated expenses and fee waivers and/or expense limitations applicable to
each class of shares of the Fund. If the performance of the privately
offered fund had been restated to reflect the applicable fees and expenses
of each share class of the Fund, the performance may have been higher or
lower. The privately offered fund began operations on 31 May 2006 and 22
December 2004, respectively, and on 5 June 2015, were reorganized into the
Funds. Prior to the reorganization, the privately offered funds had an
investment objective and investment strategies that were, in all material
respects, the same as those of the Funds, and were managed in a manner
that, in all material respects, complied with the investment guidelines and
restrictions of the Funds. However, the privately offered funds were not
registered as an investment company under the Investment Company Act of
1940 and were not subject to its requirements or requirements imposed by
the Internal Revenue Code of 1986 which, if applicable, may have adversely
affected their performance. The performance of each class of shares of the
Funds will differ as a result of the different levels of fees and expenses
applicable to each class of shares.
A word about risk
: In managing the strategy’s investments in Fixed Income Instruments, PIMCO
utilizes an absolute return approach; the absolute return approach does not
apply to the equity index replicating component of the strategy. Absolute return portfolios may not fully participate in
strong positive market rallies. 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. Investing in
the bond market is subject to certain risks including
market, interest-rate, issuer, credit, and inflation risk; investments may
be worth more or less than the original cost when redeemed. 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 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 and liquidity risk than
portfolios that do not. Equities may decline 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. Diversification
does not ensure against loss.
The Russell 1000 Index consists of the 1,000 largest
securities in the Russell 3000 Index, which represents approximately 90% of
the total market capitalization of the Russell 3000 Index. It is a
large-cap, market-oriented index and is highly correlated with the S&P
500 Index. The Russell 2000 Index is an unmanaged index
generally representative of the 2,000 smallest companies in the Russell
3000 Index, which represents approximately 10% of the total market
capitalization of the Russell 3000 Index. The MSCI EAFE Index (Europe, Australasia, Far East) is a free
float-adjusted market capitalization index that is designed to measure the
equity market performance of developed markets, excluding the US &
Canada. The MSCI Emerging Markets Index is a free
float-adjusted market capitalization index that is designed to measure
equity market performance of emerging markets. The S&P 500 Index is an unmanaged market index generally
considered representative of the stock market as a whole. The index focuses
on the Large-Cap segment of the U.S. equities market. It is not possible to
invest directly in an unmanaged index.
Individuals should consult with their own financial advisors to determine
the most appropriate allocations for their financial situation, including
their investment objectives, time frame, risk tolerance, savings and other
investments.
This material contains the current 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. ©2017, PIMCO.
PIMCO Investments LLC
, distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO.
CMR2017-0309-255032