Short Asset Investment Fund

PAIAX

Updated April 24, 2019

Objective

Seeks maximum current income, consistent with daily liquidity

Primary Portfolio

Short-term investment grade bonds (average duration is less than or equal to 1.5 yrs.)

Overview

Fund Overview

Higher income potential than traditional cash investments

Yields remain compressed, making it difficult for investors to obtain high quality income without moving beyond their risk tolerance. The fund seeks higher income potential than traditional cash investments, with less volatility than typical short-term bond strategies.

Why Invest In This Fund

High quality portfolio

An actively managed enhanced cash strategy that seeks to dynamically manage risk and liquidity, the fund invests in both high quality money market instruments and a wide range of non-money-market securities such as U.S. Treasury and Agency securities, investment grade credit and high quality structured credit.

Conservative guidelines

The fund’s conservative investment guidelines prohibit investing in high yield securities and limits exposure to other fixed income sectors, which may increase volatility in periods of financial stress. In an effort to minimize total portfolio volatility, the fund’s mandate allows for limited use of derivatives.

Expert management

PIMCO has been managing short-term strategies since 1986 and the fund represents part of a suite of solutions that can meet a broad range of investor needs. We work with a variety of investors – including individuals, corporations, pension plans, foundations and universities – to create liquidity portfolios that best align with their investment objectives.

Our Expertise

The portfolio manager for PIMCO Short Asset Investment Fund is Jerome Schneider, named Morningstar’s 2015 U.S. Fixed Income Fund Manager of the Year. Mr. Schneider is a Managing Director who started his investment career in 1996 and is responsible for supervising all of the firm’s short-term investment strategies.

PRIMARY BENCHMARK

FTSE 3-Month Treasury Bill Index

PRIMARY BENCHMARK DESCRIPTION

FTSE 3-Month Treasury Bill Index is an unmanaged index representing monthly return equivalents of yield averages of the last 3 month Treasury Bill issues. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

05/31/2012

CUSIP

72201U794

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Managers

Jerome M. Schneider

Head of Short-Term Portfolio Management

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Yields & Distributions