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. Please read them carefully before you invest or send money.
A Word About Risk: Absolute return portfolios may not necessarily fully participate in strong (positive) market rallies. 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. Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors. Diversification does not ensure against loss.
Exchange Traded Funds (“ETF”)are afforded certain exemptions from the Investment Company Act. The exemptions allow, among other things, for individual shares to trade on the secondary market. Individual shares cannot be directly purchased from or redeemed by the ETF. Purchases and redemptions directly with ETFs are only accomplished through creation unit aggregations or “baskets” of shares. Shares of an ETF are bought and sold at market price (not NAV). Brokerage commissions will reduce returns. Investment policies, management fees and other information can be found in the individual ETF’s prospectus.
Different fund types (e.g. ETFs, open-ended investment companies) and fund share classes are subject to different fees and expenses (which may affect
performance). They may also have different minimum investment requirements and be entitled to different services.
Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to the costs inherent in buying or selling Fund shares,
frequent trading may detract significantly from investment returns. Investment in Fund shares may not be advisable for investors who expect to engage in
Premiums (when market price is above NAV) or discounts (when market price is below NAV) reflect the differences (expressed as a percentage) between the NAV
and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A discount or premium could be significant. Data in chart
format displaying the frequency distribution of discounts and premiums of the Market Price against the NAV can be found for each Fund at www.pimcoetfs.com.
Statements concerning financial market trends or portfolio strategies are based on current market conditions, which will fluctuate. There is no guarantee
that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to
invest for the long term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.
Forecasts, estimates and certain information contained herein are based upon proprietary research and should not be interpreted as investment advice, as an
offer or solicitation, nor as the purchase or sale of any financial instrument. Forecasts and estimates have certain inherent limitations, and unlike an
actual performance record, do not reflect actual trading, liquidity constraints, fees, and/or other costs. In addition, references to future results should
not be construed as an estimate or promise of results that a client portfolio may achieve.
Duration is the measure of a bond's price sensitivity to interest rates and is expressed in years.
The allocation models presented here are based on what PIMCO believes to be generally accepted investment theory. They are for illustrative purposes only and may not be suitable for all investors. The allocation models are not based on any particularized financial situation, or need, and are not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other strategy, product or service. 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. Volatility is historical and is likely to change over time. Other fixed income allocations may be less volatile. Fixed income is only one possible portion of an investor's portfolio, which can also include equities and other products. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objectives.
The allocation models are as of 30 September 2016 and may not reflect the views of all PIMCO managers. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by PIMCO to be reliable, are not necessarily complete and are not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader.
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 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.