• Employs a diverse cash strategy consisting of a portfolio of high quality Treasury and money market instruments in U.S. dollar denominated securities.
• Actively managed to maintain daily liquidity and to preserve capital.
• Managed to minimize any increase in risk relative to market benchmark.
• Invests only in U.S. Treasury Bills, Notes, and other obligations issued or guaranteed as to principal and interest and by the U.S. government, its agencies or instrumentalities, and Repurchase Agreements secured by such obligations.

Experienced Management

PIMCO Government Money Market Fund is managed by Paul McCulley, a PIMCO Managing Director who began his investment career in 1983.

For Short-Term Investment

Stock and bond funds should, in general, be viewed as long-term investments. So where can you invest the money you might need in three to six months, if not sooner? Traditionally most financial advisors recommend putting aside a minimum of three months of living expenses in a short-term, liquid investment, such as a money market fund.

Alternative to Savings Account and CDs

Money market funds strive to provide many of the same benefits as savings accounts and CDs. But with the assumption of slightly more risk, they attempt to provide a higher yield. Money market funds generally seek to offer:

• Current income
• Liquidity
• Price stability

Of course, unlike CDs and bank savings accounts, money market fund shares are not guaranteed as to repayment of principal and interest, and they do not offer a fixed rate of return.

An investment in the PIMCO Government Money Market Fund is not insured nor guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Paul McCulley is Managing Director and is responsible for supervising all short-term investment strategies at PIMCO.

Newport Beach, California

Led by Founder and Co-Chief Investment Officer Bill Gross, PIMCO is widely recognized as one of the premier bond managers in the world. PIMCO applies this expertise to a range of core and specialized investment portfolios.