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PIMCO FUNDS PROFILE 
All data as of 10.31.09, unless otherwise indicated. 
PIMCO International StocksPLUS TR Strategy Fund (U.S. Dollar Hdg) A (PIPAX)
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About this Fund Performance Portfolio Literature
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Fund Overview
Highlights
  • Innovative approach to international stock investing by combining passive exposure to the MSCI EAFE Index with PIMCO's active bond management capabilities.
  • Tempers currency risk by hedging its equity index exposure while retaining the ability to tactically take modest levels of active foreign currency exposure within the bond collateral portfolio per PIMCO's outlook.
  • Low correlation of excess returns with the excess returns of other international equity strategies and low correlation of excess returns with the internatiional equity market, particularly during bear equity markets.
Investment Process

PIMCO International StocksPLUS TR Strategy Fund (U.S. Dollar Hedged) employs an enhanced index strategy to attempt to outperform the MSCI-EAFE Index, a measure of international stock performance. Specifically, the Fund generally invests in MSCI-EAFE Net Dividend Hedged USD Index-linked derivative instruments and fully collateralizes this exposure with an actively-managed portfolio of high-quality, low- to intermediate-duration bonds. The derivatives capture the price return of the Index, hedged to U.S. dollars, while PIMCO's active management of the fixed-income collateral seeks to add incremental return above the Index. PIMCO has more than 19 years of experience managing portfolios according to the StocksPLUS strategy. Accordingly, the Fund capitalizes on PIMCO's expertise in managing index-related securities as well as the fixed-income securities that back up that exposure.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
A Shares
PIPAX
72200Q430
Objective
Seeks total return which exceeds that of its benchmark index consistent with prudent investment management

Primary Portfolio
Non-U.S. equity derivatives backed by a portfolio of fixed income securities (1-6 yr. avg. duration)

Total Fund Assets (in millions)
$213.5

Inception Date
Oct 30, 2003

Dividend Frequency
Quarterly

Maximum Sales Charge
5.50%

Net Expense Ratio
2.960%

Gross Expense Ratio
-

> Share Class Pricing

Manager
Chris Dialynas

Mr. Dialynas is a Managing Director, portfolio manager, and a senior member of PIMCO's investment strategy group. He joined PIMCO in 1980. He holds a bachelor’s degree in economics from Pomona College, and holds an MBA in finance from The University of Chicago Graduate School of Business.

Management Firm
Pacific Investment Management Company LLC (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.



> Management Commentary

Investors should consider the investment objectives, risks, charges and expenses of this Fund carefully before investing. This and other information is contained in the Fund´s prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus or summary prospectus. Please read them carefully before you invest or send money.

Past performance is no guarantee of future results. Please refer to the Price and Performance link for complete standardized returns. This commentary 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.

 

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. In an environment where interest rates may trend upward, rising rates will negatively impact most bond funds, and fixed income securities held by a fund are likely to decrease in value. Bond funds and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.

 

The PIMCO International StocksPLUS TR Strategy Fund (U.S. Dollar-Hedged) may invest substantially all of its assets in MSCI EAFE Index derivatives, backed by a portfolio of fixed income instruments. Investing in foreign securities may entail greater risk due to foreign economic and political developments. 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. This fund may also invest in exchange-traded funds based on the MSCI EAFE Index. Exchange-traded funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares are sold in the open market through a stock exchange. This fund is non-diversified, which means it may concentrate its assets in a smaller number of issuers than a diversified fund.

 

PIMCO Funds and 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

 

Click here to view the Fund's current sector weightings.

All holdings are subject to change.

 

Click here to view the Fund's current standardized performance.
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