PIMCO StocksPLUS Intl (Unhedged) Inst (PIMCO StocksPLUS® Internationa) Fonds

The fund invests in non-U.S. equity derivatives, backed by a portfolio of fixed income instruments. In managing the fund's investments in fixed income instruments, PIMCO utilizes an absolute return approach, which is designed to have flexibility with respect to duration, overall sector exposures, non-U.S. exposures and credit quality, both as a function of the strategy's investment guidelines and lack of a fixed income index benchmark.