Past performance is no guarantee of future results. Current and future portfolio holdings are subject to change. 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.

The cost of investing in the Global Multi-Asset Fund will generally be higher than the cost of investing in a fund that invests directly in individual stocks and bonds. The Fund’s net asset value (NAV) will fluctuate in response to changes in to changes in the net asset values of the underlying funds. Investments in non-U.S. securities may be more volatile and subject to special political and currency risks. Non-U.S. securities involving emerging markets may be subject to enhanced levels of these risks. The underlying funds may invest in mortgage-related securities, which are subject to the risks of the mortgages being prepaid. There is no assurance that any private insurers of the underlying mortgages will meet their obligations. High-yield bonds generally involve greater risk of default that investment-grade bonds. The underlying funds’ use of derivatives may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, and the risk that the fund could not close out a position when it would be advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments. Diversification does not ensure a profit or eliminate the risks of investing. While the Fund strives for an optimal allocation, the Fund may not always achieve this goal, and the allocation among the underlying funds could be less than optimal, contributing to poorer relative performance or negative performance.

PIMCO 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 top ten holdings and current sector weightings.

All holdings are subject to change.

Click here to view the Fund's current month-end performance.