PIMCO RAE Fundamental PLUS Fund Administrative Class (PXTAX)

Investment Objective The investment seeks total return which exceeds that of its benchmark. The fund seeks to exceed the total return of the S&P 500 Index under normal circumstances by obtaining exposure to a portfolio of stocks of U.S. companies, and complementing this equity exposure with absolute return bond alpha strategy. It may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries. The fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 35% of its total assets. It may also invest up to 10% of its total assets in preferred securities.