Global Dividend Fund

PQDIX

Updated Sep 3, 2015

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  • DAILY NAV
    $6.65
  • DAILY YTD RETURN
    -6.90%
  • CLASS
    Equities
  • FUND INCEPTION DATE
    12/14/2011
  • TOTAL NET ASSETS
    $114 MM
    (as of 08/31/2015)
  • TOTAL NET ASSETS
    $114 MM
    (as of 08/31/2015)
  • TICKER
    PQDIX
  • CLASS
    Equities

Objective

Seeks to provide current income exceeding average yield on global stocks, as well as long-term capital appreciation

Primary Portfolio

Dividend-paying equities

Overview

Fund Overview

Global income and total return potential

By actively investing in dividend-paying stocks around the world, this fund aims to offer attractive current income and long-term capital appreciation.

Why Invest In This Fund

Global and flexible

Because attractively priced dividend-paying companies are often found outside the U.S., the fund’s investment strategy is both global and unconstrained. The fund has considerable flexibility to invest in what its investment team believes are the best opportunities across geographies and sectors.s.

Driven by research

Fundamental research is used to uncover attractively priced companies that are able and willing to increase dividend payments over time. Prospective investments are evaluated to determine their potential to contribute to the fund’s total return objective.

Enhanced by PIMCO’s expertise

The fund benefits from PIMCO’s pioneering total return approach and extensive global resources. The investment team actively uses our credit, commodity, foreign exchange, and macroeconomic expertise to enhance individual company analysis and overall portfolio construction.

Our Expertise

The fund is managed by seasoned dividend investor Brad Kinkelaar. PIMCO’s active equity team consists of more than 30 portfolio managers, analysts and other professionals, with expertise across strategies and regions.

PRIMARY BENCHMARK

MSCI All Country World Index

PRIMARY BENCHMARK DESCRIPTION

The MSCI All Country World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The Index consists of 46 country indices comprising 23 developed and 23 emerging market country indices. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Quarterly with Daily Accrual

SHARE CLASS INCEPTION

12/14/2011

CUSIP

72201T599

RELATED

Managers

Brad Kinkelaar

Portfolio Manager, Head of Dividend Equities Team

View Profile

Austin Graff

Portfolio Manager, Equity Analyst

View Profile

Yields & Distributions

Historical Prices & Distributions

Distribution Yield (At NAV)1 as of 6/30/2015 3.03%
30 - Day SEC Yield2 as of 7/31/2015 2.63%
30 - Day SEC Yield2 as of 9/3/2015 -
30 - Day SEC Yield (Unsubsidized)3 as of 7/31/2015 2.48%
Latest Dividend Distribution ($ Share)4 as of 6/30/2015 $0.020349145
Dividend Distribution (YTD)5 as of 6/30/2015 $0.055945272
Yields & Distributions Footnotes & Disclosures

disclosures

1The 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.
2The 30-Day SEC yield is an annualized yield based on the most recent 30 day period.
3Does not include fee waivers and/or reimbursements.
4Data does not include special cash dividends.
5Data is based on distributions since the most recent calendar year end and does not include special cash dividends.
Unless stated, the Fund does not have an unsubsidized yield.

Fees & Expenses

Total Annual Operating Expenses 1.25%
Net Operating Expenses6 1.09%
Fees & Expenses Footnotes & Disclosures

disclosures

6The net expense ratio reflects a contractual expense reduction agreement through 31 October 2015.

Prices & Performance

Daily Statistics

All data as of 9/3/2015

NAV $6.65 One Day Return 0.46%
Daily Change $0.03 Daily YTD Return -6.90%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End
  • Quarter End

All data as of

  • Daily
  • Month End
  • Quarter End
Performance quoted represents past performance and 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 average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Since inception 12/14/2011 to 7/31/2015 = $14,519

Morningstar and Lipper

  • Morningstar Ratings
  • Lipper Rankings
Prices & Performance Footnotes & Disclosures

disclosures

Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.
Daily YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.
Past performance is not a guarantee or a reliable indicator of future results. For funds with at least a 3-yr history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees) with an emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating is a weighted average of the performance figures for its 3-, 5- and 10-yr (if applicable) Morningstar Rating metrics. Morningstar, Inc.® 2015. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Hollow stars represent a class of shares with inception dates that is different than the inception date of the fund. For the period prior to the inception date of these shares, performance information is based on the performance of the fund’s Institutional Class shares, adjusted to reflect the actual distribution and/or service (12b-1) fees and other expenses paid by the newer share class.
The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

Portfolio Composition

All data as of unless otherwise stated

Sector Allocation Market Value %

EM Equities 10.91
Developed Equities 85.07
Fixed Income 0.00
Other 0.00
Net Cash 4.03

Equity Statistics

Stocks in Portfolios 54
P/E Ratio (Forward) 13.54
Median Market Cap ($US MM) 19,229.51
Active Share (%) 94.32
P/E Ratio (Trailing) 16.24
Weighted Avg Market Cap ($US MM) 47,844.76

Top Holdings Market Value %

(as of 7/31/2015)

Intesa Sanpaolo Spa 3.11
Vodafone Group Plc 3.06
Colony Capital Inc 2.99
Lloyds Banking Group Plc 2.93
Pg&e Corp 2.92
At&t Inc 2.85
Imperial Tobacco Group Plc 2.63
China Mobile Ltd 2.51
Prudential Financial Inc 2.49
Roche Holding Ag 2.42

Top Countries Market Value %

United States 43.46
United Kingdom 11.82
France 6.19
Japan 4.22
Italy 4.15
Netherlands 3.85
China 3.51
Brazil 2.55
Switzerland 2.42
Germany 1.98

Top GICS Sectors
Market Value %

Financials 23.31
Utilities 14.81
Telecommunication Services 10.68
Information Technology 10.51
Consumer Discretionary 9.01
Consumer Staples 8.30
Health Care 7.32
Materials 4.39
Industrials 3.93
Energy 3.71

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 8.96
Sharpe Ratio 1.19
Beta7 0.96
R-Squared8 0.85
Portfolio Composition Footnotes & Disclosures

disclosures

7Beta measures the market related volatility of a portfolio. The beta of the market is 1 by definition. A beta greater than 1 indicates that a portfolios market risk is greater than the overall markets, while a beta less than 1 indicates a lower market risk. It is important to note that having a low market risk does not necessarily imply low volatility. A portfolio may have a low beta while experiencing volatility due to factors independent of the market.
8R-squared measures the percentage of a portfolio's movements that are explained by movements in the overall market. Standard deviation is an absolute measure of volatility measuring dispersion about an average which, for a mutual fund, depicts how widely the returns varied over a certain period of time.
Portfolio information in the charts is based on the fund's net assets. These percentages may differ from those used for the fund's compliance calculations, including the fund's prospectus, regulatory, and other investment limitations and policies, which may be based on total assets of the fund or other measurements, may include or exclude various categories of investments from those covered in the portfolio allocation categories shown in this report, and may be based on different classifications and measurements of the fund’s investments and other criteria.
References to specific sectors, securities or issuers are for illustrative purposes only. All holdings are subject to change daily. All share classes have the same portfolio but different expenses.
Holdings are subject to change. The Fund's Top Ten Holdings solely reflect long positions. Securities sold short, derivatives, cash and cash equivalents are not taken into consideration. Long positions for debt (excluding cash equivalents, which generally mean investment grade debt instruments with durations of one year or less) and equity are calculated separately, and in each case, total equity holdings or total debt holdings of an issuer may be aggregated into separate line items. Other than the Fund's initial Top Ten Holdings report, newly initiated holdings will be withheld for the first 60 days unless the issuer has been previously disclosed in an annual-, semi-annual report or reported to the SEC on Form N-Q. Top Ten Holdings generally are shown as of the last day of each month (with a 10 business day delay) but may be delayed provided it is in the best interest of the Fund.
In the statistics section, P/E Ratio, and Median Market Cap. are the averages of the P/E and market capitalization of the issues held by the fund. P/E is a ratio of security price to earnings per share. Typically, an undervalued security is characterized by a low P/E ratio, while an overvalued security is characterized by a high P/E ratio.
Forward P/E is based on estimated future earnings as assembled and calculated by FactSet.
Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current share price. Active share measures the proportion of stock holdings in a portfolio’s composition to the composition of its benchmark.

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Disclosures

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.  Click here for a complete list of the PIMCO Funds prospectuses and summary prospectuses. Please read them carefully before you invest or send money.
A word about risk:

Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. 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. 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. 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.
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. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a company of PIMCO.