Description

The fund seeks to achieve its investment objective by investing more than 80% of the fund’s assets, plus any amounts for borrowing, in shares of mutual funds or exchange-traded funds (“ETFs”) managed by PIMCO, under normal circumstances (“PIMCO underlying funds”). In addition, at least 80% of the fund’s assets (defined as net assets plus the amount of any borrowing for investment purposes) will be invested in PIMCO underlying funds that invest primarily in bond instruments.