PIMCO Asia High Yield Bond E Dis HKD Unhdg

Objectives The fund seeks maximum total return consistent with prudent investment management. Investment Policy The fund aims to achieve this objective by investing in a combination of fixed income securities (which are similar to loans and pay a fixed or variable rate of interest) issued by companies or governments that are economically tied to Asian countries (excluding Japan) and related derivatives on such fixed income securities. The fund is considered to be actively managed in reference to the JPMorgan JACI Non-Investment Grade 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 two years (plus or minus) of the duration of the Index. Duration measures the sensitivity of fixed income securities to interest rate risk. The longer the duration the higher the sensitivity to changes in interest rates. The fund invests 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 will 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 return is linked to movements in the underlying assets. The assets held by the fund may be denominated in a variety of currencies with non-USD currency exposure limited to 20% of total assets. The inves

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No