PIMCO Global Bond HI Dis $

Objectives The fund aims to maximise the total return on your investment through primarily investing in a diversified portfolio of global investment grade securities and instruments denominated in major world currencies, using prudent investment management principles. Investment Policy The fund aims to achieve its objective by taking exposure to a diversified range of fixed income securities and instruments (which are similar to loans that pay a fixed or variable rate of interest) issued by companies or governments from around the world. The fund is considered to be actively managed in reference to the Bloomberg Global Aggregate Index (the "Index") by virtue of the fact that the Index is used for duration measurement, calculating the global exposure of the fund using the relative VaR methodology and for performance comparison purposes. Certain of the fund's securities may be components of and may have similar weightings to the Index. However, the Index is not used to define the portfolio composition of the fund or as a performance target and the fund may be wholly invested in securities which are not constituents of the Index. The average portfolio duration of the fund will normally vary within three years (plus or minus) of the Bloomberg Global Aggregate Index. Duration measures the sensitivity of the assets to interest rate risk. The longer the duration the higher the sensitivity to changes in interest rates. The fund invests primarily in "investment grade" securities issued by companies or governments. The fund may invest up to 10% in "non-investment grade" securities. Non-investment grade securities are considered to be more risky, but typically produce a higher level of income. The fund may invest substantially in emerging markets, which in investment terms are those economies that are not as developed. The fund may invest in derivative instruments (such as futures, options and swaps) rather than directly in the underlying securities themselves. The derivatives

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No