PIPAX : PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A

Fund Summary

The investment seeks total return which exceeds that of its benchmark index consistent with prudent investment management. The fund seeks to exceed the total return of the Morgan Stanley Capital International Europe, Australasia and Far East ("EAFE") Index, hedged to U.S. dollars, by investing under normal circumstances in non-U.S. equity derivatives, backed by a portfolio of fixed income instruments. "Fixed income instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.