Press Release

PIMCO Expands Dividend Offerings with Launch of Two New Funds

 

PIMCO U.S. Dividend Fund and PIMCO International Dividend Fund offer regional approach

NEWPORT BEACH, CALIFORNIA (January 29, 2015) - PIMCO, a leading global investment management firm, has launched two dividend funds designed to invest in regional stocks that potentially offer attractive yields, growing dividends and long-term capital appreciation. The PIMCO U.S. Dividend Fund aims to invest in 25 to 35 domestic, dividend-paying stocks while the PIMCO International Dividend Fund invests in 40 to 80 dividend-paying companies in developed and emerging markets outside of the U.S.

Brad Kinkelaar, Executive Vice President and Head of Dividend Strategies, and Adam Muller, Senior Vice President and Portfolio Manager, will manage the funds, supported by a team of experts dedicated to dividend investing. Philosophically, the team seeks attractively valued companies that grow their dividends over time.

“The launch of these two funds underscores our commitment to investors who want diverse solutions in their pursuit of growing income streams and competitive returns in a challenging investment environment,” said Virginie Maisonneuve, Chief Investment Officer – Global Equities.

The new strategies expand PIMCO’s existing income suite that includes the PIMCO Dividend and Income Builder Fund, which has received a five-star Overall Morningstar Rating™, and the five-star Overall Morningstar Rating™ PIMCO Income Fund, whose co-managers, Chief Investment Officer Dan Ivascyn and Managing Director Alfred Murata, won Morningstar’s 2013 U.S. Fixed Income Managers of the Year.

Institutional shares of the PIMCO U.S. Dividend Fund trade under the ticker symbol PVDIX. Additional shares include “P” shares (PVDPX), “A” shares (PVDAX), “D” shares (PVDDX) and “C” shares (PVDCX).

Institutional shares of the PIMCO International Dividend Fund trade under the ticker symbol PVIIX. Additional shares include “P” shares (PVIPX), “A” shares (PVIAX), “D” shares (PVIDX) and “C” shares (PVICX).

Media Contacts

Michael Reid
Global Head of Corporate Communications – New York
212.739.3253
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications – New York
212.739.4212
agnes.crane@pimco.com

Jennifer Spivey
U.S. Corporate Communications – Newport Beach
949.720.6374
jennifer.spivey@pimco.com

Jochen Haegele
EMEA Corporate Communications – Munich
+49.89.26209.6237
jochen.haegele@pimco.com

Laura Batty
U.K. and EMEA Corporate Communications – London
+44.20.3640.1414
laura.batty@pimco.com

Millie Dravers
Australia Corporate Communications – Sydney
+612.9290.9577
millie.dravers@pimco.com

Donna Chan
Asia ex-Japan Corporate Communications – Hong Kong
+852 3650 7752
donna.chan@pimco.com

Disclosures

About PIMCO
PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

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 and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2014, PIMCO. PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO. Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

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/investments. Please read them carefully before you invest or send money.

A Word About Risk: Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. 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. 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.

Morningstar Rating™ as of December 2014 for the Institutional Class Shares; other classes may have different performance characteristics. Fund ratings are out of 5 Stars: Dividend & Income Builder Fund: World Allocation Category; Overall 5 Stars (432 funds rated); 3 Yrs. 5 Stars (432 funds rated). Income Fund: Multisector Bond Category; Overall 5 Stars (214 funds rated); 3 Yrs. 5 Stars (214 funds rated); 5 Yrs. 5 Stars (169 funds rated). 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.® 2014. 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.

Morningstar Awards 2013©. Morningstar, Inc. All Rights Reserved. Awarded to Dan Ivascyn and Alfred Murata (PIMCO Income) for U.S. Fixed-Income Fund Manager of the Year. The Morningstar Fixed Income Fund Manager of the Year award is based on the strength of the manager, performance, strategy, and firm's stewardship.

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 and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2015 PIMCO

PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO.