Fund Description

The fund was incepted in October 1995 and is managed by PIMCO Advisors. The objective of this fund is to seek maximum total return, consistent with preservation of capital. The fund invests at least 80% of its assets in Fixed Income instruments of issuers located in at least three countries (one of which may be the United States), which is represented by future contracts (including related options) with respect to such securities, and options on such securities. The fund invests primarily in securities of issuers located in economically developed countries. The fund invests all of its assets in derivative instruments, such as options, future contracts or swap agreements, or in mortgage or asset-backed securities. Dividends are declared daily and paid monthly.