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

This is the inception date of the oldest share classes, which for this Fund are the A, C, D, P, and Institutional share classes. The returns presented are for A shares, and measure performance from the inception of the oldest share classes to the present. 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.

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 90% of its net assets in inflation-indexed bonds issued by the U.S. Treasury. The Fund may also invest in other securities issued by the U.S. Treasury, futures contracts on U.S. Treasury securities, and high credit quality money market instruments. Inflation-indexed bonds are fixed income securities that are structured to provide protection against inflation. The value of the bond's principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund. When interest rates rise, the value of fixed income securities generally declines. 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.

A portion of the targeted monthly distribution for the Funds may consist of a return of capital to shareholders from inflation-indexed bonds which have matured. A return of capital may not be taxable, but it can reduce a shareholder's cost basis in the Funds, resulting in higher reported capital gains or lower capital losses when shares on which the distribution was received are sold.

* The Real Distribution Rate (RDR), calculated daily, gives new investors an indication of their payment level in addition to adjustments for inflation. The RDR is the current annualized fund distribution divided by the current Net Asset Value per share (NAV). Unlike the real interest rates seen in the TIPS markets, this rate also includes principal that is returned to investor over the life of the Funds. As a result, the RDR will increase as the maturity date approaches because a new investor would receive their principal back over a shorter time horizon. The Fund's distributions are adjusted monthly for changes in Consumer Price Index for all Urban Consumers before seasonal adjustment (calculated by the Bureau of Labor Statistics). Also, the monthly distribution may be adjusted during the term of the Fund to better enable the Fund to provide regular monthly distributions until the final maturity date. The Fund's distributions are not guaranteed.

The Barclays Capital US TIPS Real Income 2019 Index is designed to track the performance of a US TIPS based investment solution that provides investors with an explicit hedge against inflation by offering a stream of constant real cash flows until October 31, 2019. It is not possible to invest directly in an unmanaged 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 assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.

^^ This yield is calculated by annualizing the current month'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