¹Total return performance for income share classes includes reinvestment of dividends

Performance quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance shown. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Performance data current to the most recent month-end is available by calling +44 207 872 1316. For United States call (866) 746-2606.

Investors should consider the investment objectives, risks, charges and expenses of this fund carefully before investing. This and other information are contained in the fund's prospectus, which may be obtained by contacting your PIMCO representative. Please read the prospectus carefully before you invest or send money.

In an environment where interest rates may trend upward, rising rates will negatively impact most bond funds, and fixed income securities held by a fund are likely to decrease in value. Bond funds and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.

Distributed by PIMCO Europe Ltd, Nations House, First Floor, 103 Wigmore Street, London W1U 1QS, England.

This page is not intended,and should not be regarded, as an invitation or inducement to acquire, dispose of or otherwise deal in the investments and should not be the basis of any investment decision.