PIMCO Low Duration Credit Fund (PSRIX) Diversifiers

The investment seeks a high level of current income, consistent with prudent investment management. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of Fixed Income Instruments. Fixed Income Instruments include bank loans, bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. entities. The fund may invest up to 25% of its total assets in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers.