Text on screen: Manny Roman, Chief Executive Officer
Roman: Defined Contribution is central to PIMCO’s mission. It’s not just a business line; it’s a responsibility.
IMAGES ON SCREEN: People at PIMCO, Stock ticker, Srock exchange
And as a global leader in active fixed income, we bring experience
that matters when navigating interest rate shifts, credit cycles, and periods of market stress.
Our goal
IMAGES ON SCREEN: Older people retirement
is to help deliver more resilient outcomes for participants. That commitment is reflected in the scale of our platform, serving tens of thousands of plans and millions of participants saving for retirement.
IMAGES ON SCREEN: PIMCO Newport Beach building
Text on screen: Rene Martel, Head of Retirement
Martel: Innovation has been at the heart of PIMCO’s Defined Contribution journey. Twenty years ago, we launched the DC Consulting Study, setting a new standard for industry insights and thought leadership.
For two decades, it has helped us, advisors, and consultants stay closely connected
WEBSITE ON SCREEN: Scroll of the DC Study
to the trends shaping the DC landscape. Those insights have informed the development of innovative solutions designed to meet the changing needs of plan sponsors and participants.
TEXT ON SCREEN: TITLE - Planned Sponsor and Participant Solutions:; BULLETS – Introduced blended target date funds, Pioneered personalized target date solutions, Embraced collective Investment Trusts.
As a result, we introduced blended target date funds, helped pioneer personalized target date solutions, and embraced Collective Investment Trusts — All while continuing to offer core building blocks like PIMCO Total Return to bring active fixed income to Defined Contribution plans.
IMAGES ON SCREEN: Infrastructure projects, Data centers, Commercial real estate, Distribution warehouses, Renewable energy facilities
Today, those same insights continue to drive innovation. We’re exploring how Private Credit may enhance DC portfolios and expanding access to strategies like the PIMCO Income Fund, which today is used in nearly 39,000 plans.
IMAGES ON SCREEN: People at PIMCO
It’s all part of extending the benefits of active fixed income to participants at scale.
Stack: At PIMCO Our DC platform is built around how our clients engage.
We’ve structured dedicated teams around consultants, advisors, and plan sponsors.
FULL PAGE GRAPHIC: TITLE – PIMCO Retirement: Preserve, Plan, Partner
And our goal is to ensure that partners are working with specialists who understand their unique needs and decision frameworks through the retirement lens.
Our teams are really connected.
TEXT ON SCREEN: Investment, Research, Product specialists
They’re connected to investment, research, product specialists, helping ensure that
FULL PAGE GRAPHIC: TITLE – PIMCO Retirement: Partnering for your Success
PIMCO’s active fixed income capabilities and DC innovations reach our clients in a thoughtful, consultative way.
Text on screen: Candice Stack, Hed of Client Management Americas
Hopefully what you see is that the result is a high touch,
IMAGES ON SCREEN: People at PIMCO
highly coordinated experience, Helping partners navigate complexity, while also supporting better outcomes for participants. With that outcome, retirement outcomes, always top of mind.
Text on screen: Emmanuel Sharef, Portfolio Manager, Asset Allocation and Multi Real Asset
Sharef: Defined Contribution is moving toward more personalized solutions and a broader set of tools for participants.
IMAGES ON SCREEN: People at PIMCO, Government buildings US, London, Australia,
At PIMCO, we’re leveraging our global investment platform and active fixed income expertise to deliver
WEBSITE ON SCREEN: Scroll of webpage – Calculating the Active Advantage in Fixed Income
strategies that adapt to changing markets and evolving participant needs.
Active fixed income will continue to play a critical role in Defined Contribution, and
IMAGES ON SCREEN: People at PIMCO
PIMCO’s scale and risk focused approach can help plan sponsors respond to changing market conditions.
As we celebrate 20 years of progress, we remain focused on driving innovation and helping participants achieve stronger retirement outcomes.
IMAGES ON SCREEN: People at PIMCO, PIMCO building
Voiceover: 20 years of innovation. Millions of participants. One mission: helping deliver retirement security. PIMCO Defined Contribution.
Text on screen: PIMCO; To learn more: pimco.com/retirement
Disclosure
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.
Past performance is not a guarantee or a reliable indicator of future results.
It is important to note that differences exist between the fund’s daily internal accounting records, the fund’s financial statements prepared in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations. It is possible that the fund may not issue a Section 19 Notice in situations where the fund’s financial statements prepared later and in accordance with U.S. GAAP and/or the final tax character of those distributions might later report that the sources of those distributions included capital gains and/or a return of capital. Please see the fund’s most recent shareholder report for more details.
Although the Fund may seek to maintain stable distributions, the Fund’s distribution rates may be affected by numerous factors, including but not limited to changes in realized and projected market returns, fluctuations in market interest rates, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the Fund’s distribution rate or that the rate will be sustainable in the future.
For instance, during periods of low or declining interest rates, the Fund’s distributable income and dividend levels may decline for many reasons. For example, the Fund may have to deploy uninvested assets (whether from purchases of Fund shares, proceeds from matured, traded or called debt obligations or other sources) in new, lower yielding instruments. Additionally, payments from certain instruments that may be held by the Fund (such as variable and floating rate securities) may be negatively impacted by declining interest rates, which may also lead to a decline in the Fund’s distributable income and dividend levels.
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 low interest rate environments increase this risk. 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. 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. 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. Sovereign securities are generally backed by the issuing government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Inflation-linked bonds (ILBs) issued by a government are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors. 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. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives and commodity-linked 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. Commodity-linked derivative instruments may involve additional costs and risks such as changes in commodity index volatility or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Investing in derivatives could lose more than the amount invested. Private credit involves an investment in non-publicly traded securities which may be subject to illiquidity risk. Portfolios that invest in private credit may be leveraged and may engage in speculative investment practices that increase the risk of investment loss. Diversification does not ensure against loss.
PIMCO and myTDF® are trademarks of Allianz Asset Management of America LLC in the United States and throughout the world.
myTDF is a model designed by Pacific Investment Management Company LLC (“PIMCO”), a registered investment adviser, and is intended to be implemented for citizens and legal residents of the United States and its territories. Investment advice generated by myTDF is provided by the relevant plan fiduciary implementing myTDF based on information available, and it is limited to the investment options available in the applicable defined contribution or defined benefit plan. Projections and other information regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results, and are not guarantees of future results. Results may vary with each use and over time. myTDF may be covered by one or more U.S. or international patents.
Except with respect to PIMCO myTDF®, PIMCO does not have any investment advisory or fiduciary relationship with plans or plan participants who access myTDF® through third party fiduciaries, and any statement or representation to the contrary is false.
Except with respect to PIMCO myTDF®, neither PIMCO nor any affiliate is providing any individualized fiduciary recommendations in connection with myTDF®. PIMCO is not undertaking to act as a fiduciary, as defined in Section 3(21) of ERISA or Section 4975(e)(3) of the Code, to any plan or plan participant No communication by PIMCO or any affiliate will be based on a review of any plan or plan participant’s particular needs or individual circumstances or will reflect the application of professional or expert judgment.
PIMCO is not affiliated with any myTDF® third party fiduciary or recordkeeper. No communication by PIMCO or any affiliate should be construed as a recommendation regarding whether a plan should use a particular myTDF® third party fiduciary or recordkeeper.
There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market.
Glide path is the asset allocation within a target-date strategy (also known as a lifecycle or target maturity strategy) that adjusts over time as the participant’s age increases and their time horizon to retirement shortens. The basis of the glide path is to reduce the portfolio risk as the participant’s time horizon decreases. Typically, younger participants with a longer time horizon to retirement have sufficient time to recover from market losses, their investment risk level is higher, and they are able to make larger contributions (depending on various factors such as salary, savings, account balance, etc.). Generally, older participants and eligible retirees have a shorter time horizon to retirement, and their investment risk level declines as preserving income wealth becomes more important.
Target Date Funds are designed to provide investors with a retirement solution tailored to the time when they expect to retire or plan to start withdrawing money (the “target date”). Target Date Funds will gradually shift their emphasis from more aggressive investments to more conservative ones based on their target dates. Target Date Funds invest in other funds and instruments based on a long-term asset allocation glide path developed by PIMCO, and performance is subject to underlying investment weightings, which will change over time. An investment in a Target Date Fund does not eliminate the need for an investor to determine whether a Fund is appropriate for his or her financial situation. An investment in a Fund is not guaranteed. Investors may experience losses, including losses near, at, or after the target date, and there is no guarantee that a Fund will provide adequate income at and through retirement.
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 appropriate for all investors and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Investors should consult their investment professional prior to making an investment decision.
PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. 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 is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2026, PIMCO
PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO.
For institutional investor and investment professional use only – not for public distribution.
Investment Products
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CMR2026-0610-5570432