The daily section presents performance dating from the inception of the actual share class only.

**This is the inception date of the oldest share class, which for this Fund is the Admin and Institutional share class. The returns presented are for Class D shares which were first offered in 12/06. Returns measure performance from the inception of the oldest share class to the present, so some returns predate the inception of Class D. Those returns are calculated by adjusting the Institutional returns to reflect the D shares' different charges and expenses. Total return performance assumes that all dividend and capital gains distributions were reinvested on the payable date and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Class D shares are only available through mutual fund marketplaces and are not sold directly. Please see the prospectus for more information.

Fundamental IndexPLUS Fund seeks to exceed the total return of the FTSE RAFI 1000 Index (the Index) by investing under normal circumstances substantially all of its assets in derivatives based on Enhanced RAFI 1000, an enhanced, performance recalibrated version of the Index, backed by a portfolio of short term Fixed Income Instruments. (Prior to 10/15/06, the Fund sought to achieve this investment objective by investing primarily in FTSE RAFI 1000 Index derivatives, backed by a portfolio of short term Fixed Income Instruments.) The Fund may invest in common stocks, options, futures, options on futures and swaps, including derivatives based on the Index. Use of derivative 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.

Assets not invested in equity securities or derivatives may be invested in Fixed Income Instruments. The Fund may invest up to 10% of its total assets in high yield securities, which generally involve greater risk to principal than higher rated bonds. The Fund may invest up to 30% of its total assets in securities denominated in foreign currencies and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers. The Fund will normally limit its foreign currency exposure to 20% of its total assets. Investing in non-U.S. securities entails additional risks, including political and economic risk and the risk of currency fluctuations; these risks may be enhanced in emerging markets.

The FTSE RAFI 1000 Index is composed of the 1,000 largest publicly-traded U.S. companies, selected from the constituents of the FTSE US All Cap Index. The Index is weighted by a combination of fundamental factors, including sales, cash flow, book values and, if applicable, dividends (sales, cash flow and dividends are averaged over the prior five years). The Enhanced RAFI 1000 incorporates additional factors, such as quality of corporate earnings and risk of financial distress, and recalibrates existing factors utilized in the Index that affect a company? fundamental drivers of value. Enhanced RAFI 1000 may be rebalanced more frequently than the Index.

^The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

Growth of $10,000 is calculated at NAV and assume that all dividend and capital gain distributions were reinvested. They do not take into account sales charges or the effect of taxes. Results are not indicative of future performance.

^^ Average Distribution Yield. This yield is the average of the last four quarterly distribution yields. The quarterly distribution yield is calculated by annualizing the quarter's distribution and dividing by the NAV on the last business day of the period. It does not include long- or short-term capital gains distributions. The SEC Yield is a standardized annual yield based on the most recent 30-day period. It is calculated in accordance with current Securities and Exchange Commission regulations and is subject to change.

PIMCO Funds & Allianz Funds are distributed by Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, www.allianzinvestors.com, 1-888-877-4626. Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED