8/3/2019 Global Advantage Strategy Bond Fund Institutional
1/2
COREASSET ALLOCATIONLTERNATIVES CREDIT EMERGING MARKETS EQUITY
GLOBAL INFLATION PROTECTION TAX-EFFI
NSTITUTIONAL CLASS
As of June 30, 2011
Core Strategies
UND STATISTICS
Mohamed A. El-Erian
Ramin Toloui
Effective Duration (yrs) 4.21
Effective Maturity (yrs) 6.20
INVESTOR BENEFITS
THE FUND ADVANTAGE
PIMCO Global Advantage Strategy Bond Fund
FUND DESCRIPTION
AMSTERDAM I HONG KONG I LONDON I MUNICH I NEW YORK I NEWPORT
BEACH I SINGAPORE I SYDNEY I TOKYO I TORONTO I ZU
The Global Advantage Strategy Bond Fund is an actively managed
portfolio of fixed-incomesecurities from both developed and
developing markets, benchmarked to both the proprieta
GDP-weighted Global Advantage Bond Index (GLADI) and Barclays
Capital U.S. AggregaIndex. The Fund offers unhedged exposure to
nominal and inflation-protected bonds, intereswaps, investment
grade corporate securities, mortgage-backed securities and both
externallocal currency denominated emerging market debt.
This Fund offers fixed-income investors a strategic platform for
seizing opportunities produsecular shifts in the global economy.
The Fund seeks to capitalize on the full range of new
instruments and opportunities and to tap into new engines of
global economic growth.Potential benefits of this Fund include:
I First mover advantage due to strategic positioning where
opportunities are likely to bewhere they have been
I Attractive risk-return characteristics of a multi-currency,
multi-sector bond portfolioI Opportunity to benefit from active
management driven by long-term, thematically focu
investment process
The Fund leverages PIMCOs long history of adding value through
active management whipursuing the global bond market returns of
GLADI. The GLADI offers a fundamentally newapproach to global bond
investing, as it is forward-looking, has rebalancing advantages,
and
avoids allocating too heavily to overpriced securities,
government debt and large debt issueFund seeks to outperform its
benchmark utilizing tactical and strategic asset allocation
worlcross-sector relative value, and bottom up instrument and
credit selection, leveraging off ofPIMCOs long-term oriented
investment process and wealth of specialists across
fixed-incomsectors and around the globe. A core allocation to the
PIMCO Global Advantage Strategy BoFund may be beneficial as part of
a diversified portfolio. International diversification in
fixeincome investments, similar to equities, can provide potential
for capital gains and improveadjusted returns due to the increased
opportunity set available in the global markets. Due to
broadly diversified strategy the Fund could reduce overall
portfolio volatility and provide aagainst risks in other asset
classes. As with other core strategies, an allocation to the Fund
mhelp to preserve investors capital while seeking to provide a
steady source of income.
An allocation to PIMCO's fixed-income strategies may be
beneficial as a core part of a balan
portfolio. Bonds can provide a steady source of income and, as
part of a total-return strategypotentially produce capital gains as
well. An allocation to a PIMCO fixed-income strategy inportfolio
also can offer diversification and serve as a hedge against
volatility and risks in othasset classes, particularly in times of
economic uncertainty or deflation. Long-duration bond
be used to diversify a broader core allocation to fixed income
and help an overall portfoliosto longer-term liabilities.
VALUE OF CORE STRATEGIES
PORTFOLIO MANAGER
For more information,
call your PIMCO
representative800-927-4648
Visit our web site for
a full menu of products
and services at
ww.pimco.com/investments Extended Global GNMA Government Income
Long Duration Long-TermDuration Advantage Money Market Total Return
U.S. Governm
Low Moderate Money Mortgage-Backed Short-Term Total Return
UnconstrainedDuration Duration Market Securites Bond
uro Gov't Related 22
U.K. Gov't Related 4U.S. Gov't Related -9
Other Gov't Related 8
Mortgage 2
nvest. Grade Credit 25
High Yield Credit 3
merging Markets 25
Other 4
Net Cash Equivalents 16
ECTOR DIVERSIFICATION (%)
Market ValueWeighted
Ticker CUSIP Inception of Fund Fund AssePSAIX 72201M446
02/05/2009 $3.2 BN
North America 33
urope - EMU 45
United Kingdom 6
urope - Non-EMU 0
apan 3
Asia Pacific ex-Japan 2
merging Markets 12
EGIONAL ALLOCATION (%)
DurationWeighted
8/3/2019 Global Advantage Strategy Bond Fund Institutional
2/2
Since Incept.02/05/2009 2 yrs 1 yr 6 mos 3 mos
PIMCO Global Advantage Strategy Bond Fu
Total Annual Operating Expenses 0.70%
Dividend Frequency Daily Accrual
SEC 30-Day Yield (%) 2.66
ABOUT THE BENCHMARK
BASIC FACTS
PIMCO, founded in 1971, is a global investment solutions
provider managing retirement and othassets for more than 8 million
people in the U.S. and millions more around the world. Our
clientsinclude state, local and union pension and retirement plans
whose beneficiaries come from all wlife, including educators,
healthcare workers and public safety employees. We also serve
individinvestors, working in partnership with financial
intermediaries such as Registered Investment A
broker/dealers, trust banks and insurance companies. We are
advisors and asset managers to cebanks, corporations, universities,
foundations and endowments. PIMCO has offices in North AmEurope,
Asia and Australia and is owned by Allianz Global Investors, a
subsidiary of the MunichAllianz Group, a leading global insurance
company.
ABOUT PIMCO
erformance reflects changes in share price, reinvestment of
dividends and capital gains distributions. All periods longer than
one year are annualized.
ffective duration is the duration for a bond with an embedded
option when the value is calculated to include the expected change
in cash flow caused by the option as inteates change. Gov't Related
may include nominal and inflation-protected Treasuries, agencies,
interest rate swaps, Treasury futures and options, and
FDIC-guaranteed corpoecurities.
A word about risk: 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. Mortgage and asset-backed securities
may be sensitive to changes in interest rates, subject to early
repayment risk, and theiralue may fluctuate in response to the
markets perception of issuer creditworthiness; while generally
supported by some form of government or private guarantee there is
nssurance that private guarantors will meet their obligations.
Sovereign securities are generally backed by the issuing
government, obligations of U.S. Government agenciesuthorities 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
will fluctuate in value. Derivatives may involve certain costs
and risks such as liquidity, interest rate, market, credit,
management and the risk that a position could not be closwhen most
advantageous. Investing in derivatives could lose more than the
amount invested. The Fund is non-diversified, which means that it
may concentrate its assets in amaller number of issuers than a
diversified fund.
he value of most bond funds and fixed income securities are
impacted by changes in interest rates. Bonds and bond funds with
longer durations tend to be more sensitive amore volatile than
securities with shorter durations; bond prices generally fall as
interest rates rise.
ast rankings are no guarantee of future rankings. Rankings begin
with the inception of the actual share class. Lipper does not take
into account sales charges.
o part of this material may be reproduced in any form, or
referred to in any other publication, without express written
permission of Pacific Investment Management Compa
LC. 2011, PIMCO. PIMCO advised funds are distributed by PIMCO
Investments LLC.
Benchmark Duration (yrs) 5.19
Benchmark 1
Barclays Capital U.S. Aggregate Index represents
ecurities that are SEC-registered, taxable, and
dollar denominated. The index covers the U.S.
nvestment grade fixed rate bond market, with
ndex components for government and corporate
ecurities, mortgage pass-through securities, and
sset-backed securities. These major sectors are
ubdivided into more specific indices that are cal-
ulated and reported on a regular basis. It is not
possible to invest directly in an unmanaged
ndex.
Benchmark 2
The PIMCO Global Advantage Bond Index
GLADI) (NY Close) is a diversified global index
hat covers a wide spectrum of global fixed
ncome opportunities and sectors, from devel-
oped to emerging markets, nominal to real asset,
nd cash to derivative instruments. Unlike tradi-
ional indices, which are frequently comprised of
bonds weight according to their market capital-
zation, GLADI uses GDP-weighting which puts
n emphasis on faster-growing areas of the worldnd thus makes the
index forward looking in
nature. It is not possible to invest directly in an
unmanaged index.
NSTITUTIONAL CLASS
As of June 30, 2011
Benchmark 1 (%) 6.79 6.66 3.90 2.72 2.29
Benchmark 2 (%) 12.16 10.15 13.76 6.31 3.62
PERFORMANCE (net of fees)
Performance quoted represents past performance. Past performance
is not a guarantee or a relia
cator of future results. Investment return and the principal
value of an investment will fShares may be worth more or less than
original cost when redeemed. Current performance mayor higher than
performance shown. For performance current to the most recent
month-ewww.PIMCO.com/investments or by calling (888) 87-PIMCO.
Investors should consider the investment objectives, risks,
charges and expenses of the fucarefully before investing. This and
other information are contained in the funds prospecsummary
prospectus, if available, which may be obtained by contacting your
PIMCO repretive. Please read them carefully before you invest or
send money.
PIMCO Fund (%) 11.88 10.37 13.26 5.30 3.16
PERFORMANCE CHARACTERISTICS
1 yr
LIPPER RANKINGS* (Global Income Funds)
* Based on total return performance, with distributions
reinvested, and operating expenses d
Fund Rank 29
No. of Funds 162
Quartile 1st
