Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.

This information is unaudited and is intended for informational purposes only.

The Fund seeks current income as a primary focus and also capital appreciation. Shares of this closed-end fund can trade at a discount to their net asset value. The Fund is non-diversified, meaning that a single economic political or other occurrence can pose greater risk to the Fund than would be the case for a more diversified fund. The Fund's substantial investments in high-yield bonds and emerging markets securities may involve increased credit risk--the failure to pay interest, liquidation value or principal when due because of a decline in financial status. The Fund may invest in non-U.S. securities, which may be more volatile than U.S. securities and may entail greater risk from political and economic instability. In particular, the Fund's investments in emerging markets securities may involve greater risk from political and economic instability, more volatile currencies, more possible government interference in the economy combined with less stringent securities regulation and less publicly available financial information. The Fund's investments in mortgage-backed and asset-backed securities may be affected by the recent liquidity problems of the subprime market and the sensitivity of these securities to fluctuating interest rates, in particular the risk that declining interest rates may cause mortgage prepayments, requiring the Fund to reinvest assets at lower prevailing interest rates. The Fund may use leverage to increase its net income, but these activities entail the risk that under certain market conditions the cost of leverage could exceed the return of the fund, reducing returns to shareholders. The Fund may also use derivatives, such as options contracts, swap agreements and short sales, which contain liquidity risk, risks of mispricing or improper valuation, and the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset.

The credit quality of the securities in the portfolio are generally calculated by Moody's or S&P; if unrated, the investment manager may determine a comparable rating, which is included in the portfolio breakdown. The credit quality of the investment in the portfolio does not apply to the stability or safety of the fund. Duration is a measure of the fund's price sensitivity expressed in years.

The Funds are closed-end exchange traded investment companies. The material on this website is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund prospectus. For additional information, please contact your financial advisor.

Allianz Global Investors Fund Management LLC, is an indirect, majority-owned subsidiary of Allianz Global Investors of America L.P., and is a member of Munich-based Allianz Group . Allianz is a leading global financial services company. Allianz Global Investors Fund Management LLC serves as the Funds' investment manager, and the sub-advisor is Pacific Investment Management Company LLC (PIMCO).