PFOAX

This fund's primary objective is met by allocating a minimum of 80% of its assets, in typical market environments, to various fixed income instruments. A key focus is on international fixed income securities economically linked to at least three distinct non-U.S. nations. While the portfolio predominantly consists of high-quality, investment-grade debt, it has the flexibility to invest up to 10% of its total holdings in higher-yield, sub-investment-grade bonds (junk bonds). The ratings for these lower-quality bonds are sourced from agencies such as Moody's, S&P, or Fitch, or determined by PIMCO if they are unrated. The fund is classified as non-diversified.