PIMCO Commodity Real Return E Cap $

Objectives The fund aims to maximise the total return of your investment through providing exposure to the returns of both commodity index linked and global inflation linked bond markets, using prudent investment management principles. Investment Policy The fund invests primarily in commodity related derivative instruments (rather than directly in commodities) including futures, options and swaps, which may be listed on an exchange or over the counter, to gain exposure to any of the indices and sub-indices referencing commodities primarily through the Bloomberg Commodity family of indices. The derivative return is linked to movements in the underlying asset. The fund also invests in a wide range of "investment grade" 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 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's overall duration will normally vary within two years of the duration of the Bloomberg World Government Inflation-Linked Bond 1-5 Year Index (the "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 may invest in emerging markets, which in investment terms are those economies that are not as developed. The fund is considered to be actively managed in reference to the Bloomberg World Government Inflation-Linked Bond 1-5 Year Index by virtue of the fact that the index is used for duration measurement and in reference to the Bloomberg Commodity Index Total Return by virtue of the fact that the index is used for calculating the global exposure of the fund using the relative VaR methodology and for performance comparison purposes (together the "Indices"). Certain of the fund's securiti

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No