PIMCO Emerging Markets Opportunities E Cap $

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 emerging market countries, related derivatives on such fixed income securities and emerging market currencies. The average portfolio duration of the fund will normally vary between minus 3 years and plus 7 years based on the investment advisor's forecast for interest rates. Duration measures the sensitivity of the fixed income securities to interest rate risk. The longer the duration the higher the sensitivity to changes in interest rates. The fund invests in "investment grade" and "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 is considered to be actively managed in reference to an equally weighted blend of the following two indices: the J.P. Morgan Government Bond Index Emerging Markets (GBI-EM Global Diversified) and the J.P. Morgan Emerging Markets Bond Index Global (EMBIG) (together the "Benchmark") by virtue of the fact that the Benchmark is used for 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 Benchmark. However, the Benchmark 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 Benchmark. The fund may invest in derivative instruments (such as futures, options and swaps) rather than directly in the under

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No