StocksPLUS® Long Duration Fund

PSLDX

Updated October 21, 2019

Objective

Seeks total return which exceeds that of its benchmark, consistent with prudent investment management

Primary Portfolio

Long-term maturity fixed income securities

Overview

Fund Overview

Summary

Taking an innovative approach to large-cap investing, the Fund combines active and passive management in S&P 500 derivatives, such as futures and swaps, collateralized by an actively managed portfolio of long-term bonds. The strategy offers broad participation in the growth potential of U.S. stocks, potential diversification benefits and access to PIMCO’s expertise in seeking positive excess return.

Why Invest In This Fund

StocksPLUS: More than an index fund

A traditional index fund typically invests in all, or a representative sample, of the stocks in an index in an effort to replicate the return of the index. PIMCO StocksPLUS Long Duration Fund seeks to outperform the index by employing a unique, bond-centric strategy. It does this by purchasing low-cost S&P 500 derivatives and backing this exposure with an actively managed portfolio of diversified long-duration bonds.

Expert management

The fund offers the combined benefit of PIMCO's 40 years of active bond management and two decades of passive, index-linked investment expertise.

Diverse roles in a portfolio

The Fund can serve as a strong core equity choice in an overall portfolio, complementing both fixed income holdings and traditional equity investments.

PRIMARY BENCHMARK

S&P 500 Index

PRIMARY BENCHMARK DESCRIPTION

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.

SECONDARY BENCHMARK

S&P 500 Index + Bloomberg Barclays Long-Term Government/Credit Index - 3 Month LIBOR

SECONDARY BENCHMARK DESCRIPTION

S&P 500 Index + Bloomberg Barclays Long-Term Government/Credit Index - 3 Month LIBOR: The benchmark is a blend constructed by adding the returns of the S&P 500 Index to the Bloomberg Barclays Long-Term Government/Credit Index and subtracting 3-Month LIBOR. 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. The Bloomberg Barclays Long-Term Government/Credit Index is an unmanaged index of U.S. Government or Investment Grade Credit Securities having a maturity of 10 years or more. The 3 Month LIBOR (London Intrabank Offered Rate) is an average interest rate, determined by the ICE Benchmark Administration, that banks charge one another for the use of short-term money (3 months) in ' Eurodollar market. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Quarterly

SHARE CLASS INCEPTION

08/31/2007

CUSIP

72201F433

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