Fund Description

The fund was incepted in March 1999 and is managed by PIMCO Advisors. The main objective of the fund is to seek maximum total return, consistent with prudent investment management. The fund normally invests at least 80% of its assets in convertible securities, which are issued by companies of all sizes and market capitalizations and include, but are not limited to: corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into (exchanged for) common stock or other securities, such as warrants or options, which provide an opportunity for equity participation. Dividends, if any, are declared and distributed annually.