This information is unaudited and is intended for informational purposes only. This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the author, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. There is no guarantee that these investment strategies will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market.

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 of closed-end funds are sold on the open market through a stock exchange. For additional information, contact your financial advisor information or call 1-800-254-5197. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund prospectus.

This Fund will normally invest at least 80% of its assets in government securities—bonds issued by governmental issuers located in no fewer than three different countries including the United States. The Fund may invest in securities that are issued or guaranteed by the U.S. Government or its agencies; this guarantee is to timely repayment of principal and interest if held to maturity. Guarantee does not eliminate market risk. The Fund's shares, yield and net asset value are not guaranteed by the U.S. Government. The Fund may also at times invest in mortgage-related securities. Mortgage backed securities are subject to prepayment risk and the value of some mortgage-related or asset-backed securities may be particularly sensitive to interest rate changes.The fund may invest in high yield, below investment grade, debt instruments. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. The Fund may invest in foreign securities, which may entail risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets.

The use of leverage by the Fund may cause the Fund to liquidate portfolio positions at a disadvantageous time to satisfy its obligations or to meet segregation requirements. Leverage, including borrowing, may cause a Fund to be more volatile than if the Fund had not been leveraged, which may increase the risk of investment loss. This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.

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 (NYSE - AZ). Allianz is a leading global financial services company. Funds are managed by Allianz Global Investors Fund Management LLC, and the sub-adviser is Pacific Investment Management Company LLC (PIMCO).