1. Healthcare

Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
05574LZP6
912796DP1
912796DY2
912796FA2
912796FH7
912796FJ3
912828EA4
912828EA4
912828MY3
912828MY3
912828RZ5
AUD5005C7
AUD5005C7
BRL5005A8
BRL5005A8
BRL5183A2
GBP5034C5
GBP5034C5
CAD5062B1
CCBCYCUS6
CCDEUCUS4
CCFOBCUS1
CCMSCCUS3
CCSALCUS6
CCMSCXUS7
CCDEUZUS3
CCFOBZUS0
DKK5043A6
EUR5005B0
EUR5005B0
EUR5034E9
HUF5030A1
INR5020A5
INR5057A1
JPY5005C6
JPY5005C6
JPY5034B3
MYR5020A6
MYR5057A2
MXN5036A4
MXN5036A4
MXN5078A3
NZD5005A6
PLN5030A3
DESCRIPTION
BNP PARIBAS SR UNSEC
U S TREASURY BILLS
U S TREASURY BILLS
U S TREASURY BILLS
U S TREASURY BILLS
U S TREASURY BILLS
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY NOTE
AUSTRALIAN DOLLARS
AUSTRALIAN DOLLARS
BRAZILIAN REAL-NDF
BRAZILIAN REAL-NDF
BRAZILIAN REAL-NDF
BRITISH POUND STERLING
BRITISH POUND STERLING
CANADIAN DOLLAR
CASH COLLATERAL CME BCY USD
CASH COLLATERAL CME DEU USD
CASH COLLATERAL CME FOB USD
CASH COLLATERAL CME MSC USD
CASH COLLATERAL CME SAL USD
CASH COLLATERAL FUT MSC USD
CASH COLLATERAL ICE DEU USD
CASH COLLATERAL ICE FOB USD
DANISH KRONER
EUROPEAN MONETARY UNION EURO
EUROPEAN MONETARY UNION EURO
EUROPEAN MONETARY UNION EURO
HUNGARIAN FORINT
INDIAN RUPEE-INR-NDF
INDIAN RUPEE-INR-NDF
JAPANESE YEN
JAPANESE YEN
JAPANESE YEN
MALAYSIAN RINGGIT-NDF
MALAYSIAN RINGGIT-NDF
MEXICAN NUEVO PESO
MEXICAN NUEVO PESO
MEXICAN NUEVO PESO
NEW ZEALAND DOLLAR
POLISH ZLOTY
SECURITY TYPE
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
CURRENCY
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
AUD
AUD
BRL
BRL
BRL
GBP
GBP
CAD
USD
USD
USD
USD
USD
USD
USD
USD
DKK
EUR
EUR
EUR
HUF
INR
INR
JPY
JPY
JPY
MYR
MYR
MXN
MXN
MXN
NZD
PLN
COUPON MATURITY
0.69
5/7/17
0.00
3/5/15
0.00
4/30/15
0.00
3/26/15
0.00
5/14/15
0.00
5/21/15
1.88
7/15/15
1.88
7/15/15
0.50
4/15/15
0.50
4/15/15
0.25
1/15/15
0.00
1/5/15
0.00
1/5/15
0.00
1/5/15
0.00
1/5/15
0.00
7/2/15
0.00
2/3/15
0.00
2/3/15
0.00
3/3/15
0.02
12/31/60
0.02
12/31/60
0.02
12/31/60
0.02
12/31/60
0.03
12/31/60
0.02
12/31/60
0.02
12/31/60
12/31/60
0.02
0.00
2/12/15
0.00
1/5/15
0.00
1/5/15
0.00
2/3/15
0.00
1/30/15
0.00
1/20/15
0.00
2/26/15
0.00
1/5/15
0.00
1/5/15
0.00
2/3/15
0.00
1/20/15
0.00
2/26/15
0.00
2/5/15
0.00
2/5/15
0.00
3/19/15
0.00
1/5/15
0.00
1/30/15
QUANTITY
PRICE MKT VALUE (USD) DURATION
4,400,000
99.92
4,396,273
0.11
111,000 100.00
110,998
0.17
983,000
99.99
982,871
0.32
149,000 100.00
148,996
0.23
261,000
99.98
260,955
0.37
752,000
99.98
751,847
0.38
543,243 100.34
545,110
0.37
2,630,759 100.34
2,639,804
0.37
750,555
98.73
740,997
0.19
9,327,471
98.73
9,208,694
0.19
538,000 100.01
538,042
0.04
876,000
1.22
716,713
0.01
-3,488,000
1.22
-2,853,763
0.01
8,681,329
2.66
3,263,632
0.01
-8,681,329
2.66
-3,263,632
0.01
4,340,665
2.80
1,551,467
0.46
135,000
0.64
210,444
0.09
-1,854,000
0.64
-2,890,101
0.09
-3,253,000
1.16
-2,804,825
0.17
73,000 100.00
73,000
0.00
26,000 100.00
26,000
0.00
659,000 100.00
659,000
0.00
285,000 100.00
285,000
0.00
868,000 100.00
868,000
0.00
693,000 100.00
693,000
0.00
344,000 100.00
344,000
0.00
212,000 100.00
212,000
0.00
-39,735,000
6.15
-6,459,661
0.11
61,915,000
0.83
74,922,887
0.00
-61,915,000
0.83
-74,922,887
0.00
-44,965,000
0.83
-54,428,677
0.00
-816,918,471 261.18
-3,127,826
0.08
352,334,860
63.41
5,556,418
0.05
-16,079,813
63.80
-252,048
0.15
866,654,000 119.89
7,228,631
0.01
-866,654,000 119.89
-7,228,631
0.01
-829,880,000 119.86
-6,923,640
0.09
2,077,075
3.51
592,464
0.05
-2,034,360
3.52
-577,984
0.15
73,158,000
14.77
4,952,750
0.10
-86,763,777
14.77
-5,873,853
0.10
-40,827,500
14.81
-2,756,712
0.21
-1,656,000
1.28
-1,293,939
0.01
7,269,016
3.56
2,043,705
0.08
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
KRW5057A3
908004690
9840608A4
929072692
988072690
914025192
920089497
984029694
911029890
948078092
974014896
952072692
950074898
966014896
967070095
971070099
968061499
UTPA2JWR8
XXBCY3US7
XXDEU3EM6
XXFOB3EM3
XXFOB3GB5
XXFOB3MX0
XXMSC3EM5
XXMSC3GB7
XXMSC3MX2
XXMSC3US4
XXDEU4US3
XXFOB4EM1
XXMSC1US8
XXMSC2EM7
12622DAA2
3128NFFX0
3128NHPT4
31406DAF3
31396PMC2
3873289U3
46626LAU4
CMMF72019
57563NAA6
62888UAA8
309889897
2784689K1
EJ8641551
DESCRIPTION
SOUTH KOREA WON-NDF
STATE STREET OVERNIGHT RATE AUD
STATE STREET REPO
STATE STREET STIF FUND (EUR)
STATE STREET STIF FUND (GBP)
STIF FUND (BRL)
STIF FUND (CAD)
STIF FUND (CHF)
STIF FUND (CNY)
STIF FUND (JPY)
STIF FUND (KRW)
STIF FUND (MXN)
STIF FUND (MYR)
STIF FUND (PHP)
STIF FUND (PLN)
STIF FUND (RUB)
STIF FUND (SGD)
U S TIPS REPO
VM CASH CCP CME BCY USD
VM CASH CCP CME DEU EUR
VM CASH CCP CME FOB EUR
VM CASH CCP CME FOB GBP
VM CASH CCP CME FOB MXN
VM CASH CCP CME MSC EUR
VM CASH CCP CME MSC GBP
VM CASH CCP CME MSC MXN
VM CASH CCP CME MSC USD
VM CASH CCP ICE DEU USD
VM CASH CCP ICE FOB EUR
VM CASH FUT DOM MSC USD
VM CASH FUT FOR MSC EUR
COMM 2010-C1 A1 WM17 WC6.0271 144A
FH ARM 1A1082 LIBOR06M+171.6 12.595
FH ARM 1J1334 LIBOR12M+148.6 11.321
FN ARM 806506 12MTA+120 8.806
FNR 2007-4 DF 1MLIB+44.5
GRAN 2004-1 3A 3ML+16BPS
JPMAC 2005-FLD1 M2
MAGI I-A A 6MEUR + 25BP
MEFA 2008-1 A1 3MLIB+95
NGN 2010-R2 1A 1MLIB+37
SWAN 2010-1 A
WODST II-A A1 6MEUR + 25BP 144A
BANCO POPULAR ESPANOL SA JR SUB EMTN
SECURITY TYPE
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Cash Equivalent
Corporate
CURRENCY
KRW
AUD
USD
EUR
GBP
BRL
CAD
CHF
CNY
JPY
KRW
MXN
MYR
PHP
PLN
RUB
SGD
USD
USD
EUR
EUR
GBP
MXN
EUR
GBP
MXN
USD
USD
EUR
USD
EUR
USD
USD
USD
USD
USD
GBP
USD
EUR
USD
USD
AUD
EUR
EUR
COUPON MATURITY
0.00
2/26/15
0.25
12/31/15
0.00
12/1/15
-0.15
12/1/15
0.05
12/1/15
0.00
12/1/15
0.00
12/31/15
0.00
12/31/15
0.00
12/1/15
0.00
12/31/15
0.00
12/1/15
0.00
12/31/15
0.00
12/31/15
0.00
12/1/15
0.00
12/1/15
0.00
12/1/15
0.00
12/1/15
0.13
1/2/15
0.02
12/31/60
0.00
12/31/60
0.01
12/31/60
0.01
12/31/60
0.01
12/31/60
0.00
12/31/60
0.13
12/31/60
0.01
12/31/60
12/31/60
0.02
0.02
12/31/60
0.01
12/31/60
0.02
12/31/60
0.00
12/31/60
3.16
7/10/46
2.09
7/1/36
1.99
9/1/36
1.31
10/1/44
0.61
2/25/37
0.88
3/20/44
0.90
7/25/35
0.43
4/11/21
1.18
4/25/38
0.54
11/6/17
3.94
4/25/41
0.43
3/29/21
11.50
12/31/99
QUANTITY
PRICE MKT VALUE (USD) DURATION
-1,950,757,000 1,094.79
-1,781,852
0.15
41,402 100.00
33,881
0.00
550,983 100.00
550,983
0.00
511,998 100.00
619,543
0.00
47,881 100.00
74,659
0.00
1 100.00
0
0.00
153 100.00
132
0.00
1 100.00
1
0.00
1 100.00
0
0.00
66,410 100.00
554
0.00
1 100.00
0
0.00
1,189,897 100.00
80,727
0.00
1 100.00
0
0.00
1 100.00
0
0.00
1 100.00
0
0.00
1 100.00
0
0.00
1 100.00
1
0.00
3,400,000 100.00
3,400,000
0.01
6,076 100.00
6,076
0.00
2,907 100.00
3,518
0.00
7,643 100.00
9,248
0.00
5,174 100.00
8,068
0.00
29,270 100.00
1,986
0.00
30 100.00
36
0.00
25 100.00
39
0.00
855 100.00
58
0.00
44 100.00
44
0.00
4,394 100.00
4,394
0.00
4,986 100.00
6,034
0.00
23,946 100.00
23,946
0.00
284 100.00
344
0.00
4,675,294 101.07
4,725,311
0.93
117,201 106.22
124,489
0.36
123,278 105.72
130,329
0.86
8,100 101.91
8,255
0.11
162,759 100.61
163,758
0.00
412,470
99.84
642,123
0.22
137,089
99.78
136,785
0.01
141,242
99.52
170,086
0.28
144,219 100.81
145,386
0.06
3,037,658 100.29
3,046,382
0.00
526,419 100.93
434,787
0.04
88,606
99.54
106,722
0.24
600,000 114.10
828,400
3.01
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
06051GDX4
EK3347326
13057QAA5
125581GE2
26818AAA2
10954Y9A0
3478589C8
0459089F9
3035679T0
EH1113396
68323ACC6
86175DAA7
91821XAA1
SWPC020O1
SWPC023I1
SWPC01YI9
SWPC02AP7
SWPC07B67
SWPC07HL8
SWPC02ZY1
SWPC259C9
SWPC864H5
SWPC69960
SWPC03B82
SWPC05NE1
SWPC05MB8
RXH500190
EDH600014
EDM600000
EDU600167
EDZ600212
EDM500010
EDU510002
EDZ500016
TYH500196
USH500072
FVH500031
003618B46
EJ2043929
EK3265163
003218B29
DESCRIPTION
BANK OF AMERICA CORP GLBL NT
BARCLAYS PLC COCO
CALIFORNIA RESOURCES CRP SR UNSEC 144A
CIT GROUP INC SEC 144A
DYNEGY FINANCE I/II INC SR UNSEC 144A
GREENSILL CAP SCF 1 SA SEC
IM CEDULAS 4 COVERED
LBG CAPITAL NO.2 PLC SERIES 21 BK GTD
NEW S WALES TREASURY I/L
NEW S WALES TREASURY I/L
ONTARIO (PROVINCE OF)
STONE STREET TRUST SR UNSEC VAR 144A
VNESHECONOMBANK BD 144A
BRAZIL LA SP BOA
BRAZIL LA SP DUB
BRAZIL LA SP JPM
BRAZIL LA SP MYC
CDX HY23 5Y ICE
CDX ITRAXX MAIN22 10Y ICE
ITALY GOVT SW D03 SP BPS
MARSH & MCLENNAN NEGB SNR NS BP BOA
PETROBRAS INTERNATIONAL SNR LA SP HUS
RPM INTERNATIONAL NEGB SNR NS BP GST
RUSSIA EM SP CBK
RUSSIA EM SP GST
RUSSIA EM SP JPM
FIN FUT EUR-BUND 10YR EUX 03/06/15
FIN FUT EURO$ CME (RED) 03/14/16
FIN FUT EURO$ CME (RED) 06/13/16
FIN FUT EURO$ CME (RED) 09/19/16
FIN FUT EURO$ CME (RED) 12/19/16
FIN FUT EURO$ CME (WHT) 06/15/15
FIN FUT EURO$ CME (WHT) 09/14/15
FIN FUT EURO$ CME (WHT) 12/14/15
FIN FUT US 10YR CBT 03/20/15
FIN FUT US 30YR CBT 03/20/15
FIN FUT US 5YR CBT 03/31/15
BUNDESOBLIGATION I/L BD
DENMARK (KINGDOM OF) I/L BD
FRANCE (GOVT OF)
FRANCE (GOVT OF) OATE I/L
SECURITY TYPE
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Credit Default Swap
Future
Future
Future
Future
Future
Future
Future
Future
Future
Future
Future
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
CURRENCY
USD
EUR
USD
USD
USD
USD
EUR
GBP
AUD
AUD
CAD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
DKK
EUR
EUR
COUPON MATURITY
5.65
5/1/18
6.50
12/31/99
5.00
1/15/20
4.75
2/15/15
6.75
11/1/19
0.00
3/4/15
3.75
3/11/15
15.00
12/21/19
2.75
11/20/25
2.50
11/20/35
3.45
6/2/45
5.90
12/15/15
5.45
11/22/17
1.00
3/20/19
1.00
3/20/19
1.00
3/20/19
1.00
3/20/19
5.00
12/20/19
1.00
12/20/24
1.00
3/20/19
-0.90
6/20/19
1.00
9/20/15
-1.50
3/20/18
1.00
3/20/19
1.00
9/20/19
1.00
9/20/19
3/7/15
6.00
0.00
3/15/16
0.00
6/14/16
0.00
9/20/16
0.00
12/20/16
0.00
6/16/15
0.00
9/15/15
0.00
12/15/15
6.00
3/21/15
6.00
3/21/15
6.00
4/1/15
0.75
4/15/18
0.10
11/15/23
0.70
7/25/30
0.25
7/25/18
QUANTITY
PRICE MKT VALUE (USD) DURATION
500,000 111.18
555,911
3.09
200,000
98.10
237,412
3.58
1,300,000
87.25
1,134,250
4.10
300,000 100.17
300,506
0.14
1,200,000 101.88
1,222,500
3.33
1,300,000
99.05
1,287,628
0.13
100,000 100.71
121,860
0.19
770,000 137.70
1,653,257
3.89
400,000 145.32
475,684
6.68
600,000 147.22
722,860
11.70
2,500,000 103.51
2,234,259
19.34
6,100,000 104.12
6,351,332
0.96
900,000
88.15
793,350
2.63
100,000
-2.73
-2,729
-0.05
2,400,000
-2.73
-65,486
-0.05
900,000
-2.73
-24,557
-0.05
2,500,000
-2.73
-68,214
-0.05
-6,700,000
-6.20
415,407
0.16
-8,100,000
0.11
-11,105
0.01
6,800,000
-0.28
-18,905
0.00
3,000,000
-3.25
-97,462
0.07
2,000,000
-3.31
-66,186
-0.01
1,000,000
-3.55
-35,536
0.06
400,000
-13.91
-55,658
-0.32
200,000
-15.13
-30,268
-0.39
100,000
-15.13
-15,134
-0.39
8.40
-7,200,000 155.87
-13,579,958
-333,000,000
98.82
-329,070,600
0.25
-147,000,000
98.57
-144,897,900
0.25
-147,000,000
98.34
-144,552,450
0.25
-20,000,000
98.13
-19,626,000
0.25
-28,000,000
99.57
-27,878,200
0.25
-72,000,000
99.35
-71,532,000
0.25
-127,000,000
99.09
-125,837,950
0.25
0 126.80
0
6.17
-700,000 144.56
-1,011,938
11.05
60,100,000 118.93
71,476,742
4.04
5,743,980 102.75
7,141,956
2.28
40,487,850 102.83
6,765,575
8.00
200,734 108.36
263,208
10.36
2,185,869 101.86
2,694,103
2.48
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
EK4657780
004440A03
EJ3416900
003226A64
0044119A4
004416A29
004421G31
EJ1005523
EJ4036111
EJ5287358
EK1217422
EI3149453
0052359A6
EI1994405
EK3222743
EJ3578071
EJ7263811
EJ5258797
SWU09OB46
SWU09RY36
SWU09RX94
SWU09RX78
SWU09OCL7
SWU09OA39
SWU019LM6
SWU09OA47
SWU09TT20
SWU09TT46
SWU09OA88
SWU09OBL8
SWU09OBM6
SWU0ILSH5
SWU0ILSF9
SWU023X03
SWU035HZ8
SWU09K491
SWU023D96
SWU023GW2
SWU023GK8
SWU023R18
SWU036VD9
SWU007AM3
SWU006X99
DESCRIPTION
GREECE T-BILL
ITALIAN BTP BOND
ITALIAN BTP BOND
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
ITALIAN BTP BOND I/L
MEX BONOS PROTECC AHORRO I/L
MEXICAN UDIBONOS I/L
MEXICAN UDIBONOS I/L
MEXICAN UDIBONOS I/L
NEW ZEALAND GOVT BOND I/L
NEW ZEALAND GOVT BOND I/L
SPANISH GOVT BD (BONOS Y OBLIG)
INF SWAP EM 0.9 11/15/14-5Y GLM
INF SWAP GB 3.1 12/11/14-10Y FBF
INF SWAP GB 3.125 12/10/14-10Y GLM
INF SWAP GB 3.17 12/08/14-10Y CBK
INF SWAP GB 3.45 12/15/14-30Y GLM
INF SWAP GB 3.5 10/15/14-30Y BOA
INF SWAP GB 3.5 10/15/14-30Y CBK
INF SWAP GB 3.5 10/15/14-30Y FBF
INF SWAP GB 3.5275 09/23/14-30Y FBF
INF SWAP GB 3.5275 09/23/14-30Y JPM
INF SWAP GB 3.55 11/15/14-30Y FBF
INF SWAP GB 3.55 12/11/14-30Y BOA
INF SWAP GB 3.55 12/11/14-30Y GLM
INF SWAP US 1.51 12/23/14-5Y DUB
INF SWAP US 1.56 11/05/14-2Y BPS
INF SWAP US 1.73 04/15/13-3Y GLM
INF SWAP US 1.86 11/05/13-3Y DUB
INF SWAP US 1.93 10/31/13-3Y RYL
INF SWAP US 2.033 04/15/13-5Y GLM
INF SWAP US 2.25 07/15/12-5Y CBK
INF SWAP US 2.25 07/15/12-5Y RYL
INF SWAP US 2.36 01/28/13-4Y DUB
INF SWAP US 2.5 07/15/12-10Y DUB
IRS AUD R 4.000 06/18/14-5Y DUB
IRS EUR 0.550 01/17/14-2Y CME
SECURITY TYPE
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Govt-Non US
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
CURRENCY
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
MXN
MXN
MXN
MXN
NZD
NZD
EUR
EUR
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
AUD
EUR
COUPON MATURITY
0.00
3/6/15
5.00
9/1/40
5.50
11/1/22
3.10
9/15/26
2.10
9/15/17
2.10
9/15/16
2.10
9/15/21
2.45
3/26/16
2.55
10/22/16
1.70
9/15/18
2.35
9/15/24
3.01
6/29/17
4.50
11/22/35
4.00
11/15/40
4.00
11/8/46
2.00
9/20/25
3.00
9/20/30
5.40
1/31/23
0.90
11/15/19
3.10
12/11/24
3.13
12/10/24
3.17
12/8/24
3.45
12/15/44
3.50
10/15/44
3.50
10/15/44
3.50
10/15/44
9/23/44
3.53
3.53
9/23/44
3.55
11/15/44
3.55
12/11/44
3.55
12/11/44
1.51
12/23/19
1.56
11/5/16
1.73
4/15/16
1.86
11/5/16
1.93
10/31/16
2.03
4/15/18
2.25
7/15/17
2.25
7/15/17
2.36
1/28/17
2.50
7/15/22
4.00
6/18/19
0.55
1/17/16
QUANTITY
PRICE MKT VALUE (USD) DURATION
100,000
99.60
120,517
0.16
500,000 132.16
799,601
16.77
200,000 128.64
311,326
6.71
212,288 119.51
307,007
7.01
814,275 104.01
1,024,804
1.84
107,149 102.26
132,581
1.17
1,951,866 108.21
2,555,764
4.39
199,776 102.35
247,419
0.85
299,334 103.37
374,412
1.24
3,035,550 103.84
3,814,394
2.51
4,727,495 111.27
6,365,024
6.12
12,000 102.80
83,695
1.11
237,694 120.28
1,939,601
9.94
126,489 112.74
967,435
11.66
94,867 114.70
738,213
13.21
500,000 102.98
402,440
6.75
1,200,000 112.93
1,059,234
8.91
8,500,000 130.88
13,461,258
6.96
7,600,000
-1.58
-145,611
-1.53
100,000
0.54
841
-2.95
900,000
0.82
11,565
-2.98
1,100,000
1.35
23,120
-3.02
900,000
1.31
18,451
-9.03
1,200,000
4.10
76,625
-9.56
400,000
4.10
25,542
-9.56
200,000
4.10
12,771
-9.56
600,000
5.29
49,536
-9.80
600,000
5.29
49,536
-9.80
400,000
5.92
36,912
-9.96
300,000
5.79
27,093
-9.94
100,000
5.79
9,031
-9.94
14,000,000
-0.04
-6,053
-1.46
4,800,000
-1.67
-79,921
-0.58
24,100,000
-2.44
-586,846
-0.42
11,800,000
-2.48
-292,575
-0.59
7,800,000
-2.69
-209,805
-0.59
5,300,000
-3.76
-199,124
-1.09
15,000,000
-5.19
-778,984
-0.88
4,100,000
-5.19
-212,922
-0.88
8,200,000
-4.95
-406,248
-0.72
5,000,000
-8.58
-428,986
-2.85
4,400,000
5.87
211,538
3.69
-24,600,000
0.40
-118,955
1.01
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
SWU00BDP4
SWU0076O4
SWU00A1G9
SWU00A7L2
SWU00AH15
SWU002SF0
SWU004X94
SWU005PQ2
SWU00AD92
SWU00A773
SWU00A401
SWU009F51
SWU009F28
SWU023YU6
SWU023WT1
SWU012FR7
073877AW2
07387VAA7
07384M7C0
07384M7D8
07387ACJ2
17307GXP8
17307GXQ6
17309QAE4
17313QAL2
17311XAA3
12668BDE0
12668PAA0
12669F3A9
12669GN64
362341RX9
59020UZZ1
62888XAC8
70069FGD3
75114NAA2
76110W7E0
86364LAA0
805564MV0
83611MJH2
USH5C0004
TYG5C0004
FVG5P0001
TYH5P0256
3175RSL04
DESCRIPTION
IRS EUR 1.000 12/17/14-10Y CME
IRS EUR 2.000 01/29/14-10Y CME
IRS EUR 2.000 03/18/15-30Y CME
IRS GBP 2.750 03/18/15-10Y CME
IRS MXN 4.310 09/08/15-1Y (RED) CME
IRS USD 2.750 06/19/13-30Y CME
IRS USD 3.500 12/18/13-30Y CME
ZCS BRL R 10.91 06/18/13-01/02/17 GLM
ZCS BRL R 11.16 09/11/14-01/04/21 DUB
ZCS BRL R 11.5 08/15/14-01/04/21 MYC
ZCS BRL R 11.5 08/15/14-01/04/21 UAG
ZCS BRL R 11.68 06/11/14-01/04/21 DUB
ZCS BRL R 11.68 06/11/14-01/04/21 MYC
ZCS BRL R 8.15 12/07/12-01/02/17 UAG
ZCS BRL R 8.22 12/10/12-01/02/17 MYC
ZCS BRL R 8.3 11/01/12-01/02/17 GLM
BSABS 2005-1 M2 MEZ 1MLIB+140BP
BSABS 2007-HE7 1A1 1MLIB+100
BSARM 2005-2 A1 1YRCMT+245
BSARM 2005-2 A2 1MLIB+195
BSARM 2005-5 A1 1YT+205
CMLTI 2005-6 A1 1YCMT+210
CMLTI 2005-6 A2 1YCMT+215
CMLTI 2006-WFH3 M1 1MLIB+29BP
CMLTI 2007-10 22AA WM37 WC6.***DEF***
CMLTI 2007-AMC2 A3A 1MLIB+8
CWALT 2005-76 2A1 1YCMT+100
CWALT 2006-OA17 1A1A 1MLIB+19.5
CWHL 2004-HYB5 2A1 WM34 WC5.1195 ARM
CWHL 2005-R2 1AF1 VA 1ML+34 144A
GSR 2005-AR6 2A1 WM35 WC4.9
MLCC 2005-2 1A ARM 6MLIB+125
NGN 2010-C1 APT
PPSI 2005-WHQ1 M4 1MLIB+72BP
RALI 2006-QO6 A1 ARM 1MLIB+18
RASC 2005-KS11 M2 1MLIB+42
SASC 2007-WF2 A1 1MLIB+100BP
SAST 2003-1 AF7 WM28 WC7.2001
SVHE 2005-OPT4 2A3 1MLIB+26
CBOT ACAL USTB FUT 3/15 @ 182
CBOT ACAL USTN FUT 2/15 @ 145
CBOT APUT 5YR FUT 02/15 @ 111
CBOT APUT USTN FUT 3/15 @ 126
CDX.O P 0.90 IG22 5Y V1 01/21/15 GST
SECURITY TYPE
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Interest Rate Swap
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Mortgage
Option
Option
Option
Option
Option
CURRENCY
EUR
EUR
EUR
GBP
MXN
USD
USD
BRL
BRL
BRL
BRL
BRL
BRL
BRL
BRL
BRL
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
COUPON MATURITY
1.00
12/17/24
2.00
1/29/24
2.00
3/18/45
2.75
3/18/25
4.31
9/6/16
2.75
6/19/43
3.50
12/18/43
10.91
1/2/17
11.16
1/4/21
11.50
1/4/21
11.50
1/4/21
11.68
1/4/21
11.68
1/4/21
8.15
1/2/17
8.22
1/2/17
8.30
1/2/17
2.27
3/25/35
1.17
10/25/37
2.58
3/25/35
2.51
3/25/35
2.19
8/25/35
2.21
9/25/35
2.28
9/25/35
0.46
10/25/36
2.74
9/25/37
0.25
1/25/37
2/25/36
1.11
0.36
12/20/46
2.35
4/20/35
0.51
6/25/35
2.67
9/25/35
1.58
10/25/35
2.65
10/29/20
0.89
3/25/35
0.35
6/25/46
0.59
12/25/35
1.17
8/25/37
4.03
6/25/33
0.43
12/25/35
0.00
2/20/15
0.00
1/23/15
0.00
1/23/15
0.00
2/20/15
0.00
1/21/15
QUANTITY
PRICE MKT VALUE (USD) DURATION
-4,300,000
1.85
-96,299
9.30
-3,400,000
11.42
-469,652
8.53
-7,200,000
13.32
-1,160,849
24.53
-9,800,000
8.10
-1,237,871
9.06
70,000,000
-0.14
-6,581
0.98
-4,700,000
1.11
-52,212
20.51
-11,100,000
16.86
-1,871,853
19.73
100,000
-1.83
-688
1.77
1,300,000
-2.65
-12,942
5.33
800,000
-1.50
-4,524
5.33
300,000
-1.50
-1,697
5.33
1,800,000
-0.83
-5,645
5.33
7,500,000
-0.83
-23,520
5.33
22,200,000
-9.17
-765,981
1.76
1,700,000
-8.94
-57,156
1.76
28,800,000
-8.56
-927,853
1.76
1,300,000
93.09
1,210,229
0.34
277,406
93.95
260,620
0.70
57,810 101.27
58,543
0.10
14,333 101.15
14,498
0.10
19,645 101.33
19,906
0.55
22,654
99.94
22,641
0.65
39,133 100.30
39,248
0.25
2,600,000
87.67
2,279,537
0.50
617,678
89.84
554,916
1.23
334,476
67.87
227,019
7.57
454,243
90.95
413,141
1.13
2,042,921
76.54
1,563,592
-0.81
547,420 101.21
554,027
0.65
16,123
89.63
14,451
0.00
84,200 100.65
84,744
1.04
528,691
97.54
515,688
0.39
6,477,684 102.36
6,630,784
1.21
300,000
91.46
274,381
0.63
328,386
45.46
149,287
3.69
400,000
82.48
329,910
1.17
106,277
93.94
99,836
0.23
333,075 101.51
338,118
3.24
819,826
98.62
808,550
0.12
700,000
0.02
109
11.05
8,800,000
0.02
1,375
6.17
60,100,000
0.01
4,695
4.04
-8,000,000
0.59
-47,500
6.17
-700,000
0.00
-10
0.04
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
RXH5C0221
317515FG4
317526H53
317513DG1
317526CE9
3175265P2
317U376H1
317U365H4
317U377H0
317U364H5
317U572H3
317U492H0
317U573H2
317U493H9
317541PE4
317541T59
317541T34
317541LW8
317541GR5
317541F62
317541T42
317541R36
317541LX6
317541GS3
317541GI5
317541GL8
317506O57
317506TO1
317504926
317505766
3175068P1
3175057F6
317506LO9
317506KO0
317505774
317505E92
317506HO4
912810FH6
912810FH6
912810FR4
912810FS2
912810FS2
912810PS1
912810PV4
DESCRIPTION
EUX ACAL EURO-BUND 03/15 @ 161
INF CAP US @ 4 04/22/14-10Y JPM
INF CAP US @ 4 05/16/14-10Y JPM
INF FLR US @ 0 04/07/10-10Y CBK
INF FLR US @ 0 09/29/10-10Y CBK
INF FLR US YOY @ 0 01/22/14-4Y DUB
IRO USD 10Y C 2.3000 02/18/15 JPM
IRO USD 10Y C 2.3000 02/18/15 MYC
IRO USD 10Y P 2.7500 02/18/15 JPM
IRO USD 10Y P 2.7500 02/18/15 MYC
IRO USD 30Y C 2.5450 03/20/15 DUB
IRO USD 30Y P 2.6825 12/11/17 MYC
IRO USD 30Y P 3.0450 03/20/15 DUB
IRO USD 5Y P 2.5000 12/11/17 MYC
ITRAXX.O C 0.50 EU22 5Y 03/18/15 JPM
ITRAXX.O C 0.55 EU22 5Y 02/18/15 BOA
ITRAXX.O C 0.55 EU22 5Y 02/18/15 JPM
ITRAXX.O C 0.60 EU22 5Y 01/21/15 BPS
ITRAXX.O C 0.60 EU22 5Y 01/21/15 JPM
ITRAXX.O P 0.85 EU22 5Y 02/18/15 BOA
ITRAXX.O P 0.85 EU22 5Y 02/18/15 JPM
ITRAXX.O P 0.85 EU22 5Y 03/18/15 JPM
ITRAXX.O P 0.90 EU22 5Y 01/21/15 BPS
ITRAXX.O P 1.00 EU22 5Y 01/21/15 JPM
ITRAXX.O P 1.10 EU22 5Y 01/21/15 GST
ITRAXX.O P 1.20 EU22 5Y 01/21/15 GST
OTC ECAL EUR VS USD @ 1.4 CBK
OTC ECAL EUR VS USD @ 1.405 MSB
OTC ECAL USD VS BRL @ 2.68 DUB
OTC ECAL USD VS INR @ 64.5 GLM
OTC ECAL USD VS INR @ 64.962 BOA
OTC ECAL USD VS INR @ 65.0 JPM
OTC ECAL USD VS PLN @ 3.5883 HUS
OTC EPUT USD VS HUF @ 237.03 CBK
OTC EPUT USD VS INR @ 58.5 GLM
OTC EPUT USD VS JPY @ 90.0 MSB
OTC EPUT USD VS JPY @ 93.0 BRC
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
SECURITY TYPE
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
Option
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
CURRENCY
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
COUPON MATURITY
0.00
2/20/15
0.00
4/22/24
0.00
5/16/24
0.00
4/7/20
0.00
9/29/20
0.00
1/22/18
0.00
2/18/15
0.00
2/18/15
0.00
2/18/15
0.00
2/18/15
0.00
3/20/15
0.00
12/11/17
0.00
3/20/15
0.00
12/11/17
0.00
3/18/15
0.00
2/18/15
0.00
2/18/15
0.00
1/21/15
0.00
1/21/15
0.00
2/18/15
0.00
2/18/15
0.00
3/18/15
0.00
1/21/15
0.00
1/21/15
0.00
1/21/15
0.00
1/21/15
3/9/15
0.00
0.00
3/12/15
0.00
7/1/15
0.00
3/9/15
0.00
12/31/14
0.00
3/10/15
0.00
1/7/15
0.00
1/7/15
0.00
3/9/15
0.00
12/29/14
0.00
3/5/15
3.88
4/15/29
3.88
4/15/29
2.38
1/15/25
2.00
1/15/26
2.00
1/15/26
2.38
1/15/27
1.75
1/15/28
QUANTITY
PRICE MKT VALUE (USD) DURATION
7,200,000
0.05
4,356
8.40
-6,500,000
0.20
-12,771
-0.08
-500,000
0.20
-1,018
-0.09
-32,200,000
0.02
-7,567
0.02
-1,500,000
0.03
-423
0.02
-1,800,000
0.68
-12,173
0.26
-4,300,000
0.81
-34,965
9.15
-13,100,000
0.81
-106,523
9.15
-4,300,000
0.06
-2,681
8.99
-13,100,000
0.06
-8,167
8.99
-12,300,000
1.21
-149,144
21.82
3,000,000
12.69
380,575
20.79
12,300,000
0.59
72,817
21.01
-12,600,000
3.26
-410,516
4.63
-20,000,000
0.06
-14,170
0.05
-1,500,000
0.08
-1,414
0.05
-700,000
0.08
-660
0.05
-1,600,000
0.10
-1,885
0.05
-1,500,000
0.10
-1,767
0.05
-1,500,000
0.08
-1,421
0.05
-700,000
0.08
-663
0.05
-20,000,000
0.15
-35,183
0.05
-1,600,000
0.01
-251
0.05
-1,500,000
0.00
-83
0.05
-500,000
0.00
-9
0.05
-1,000,000
0.00
-6
0.05
6,000,000
0.00
45
0.00
5,000,000
0.00
39
0.00
-370,000
0.06
-22,489
0.00
-300,000
0.01
-2,922
0.00
0
0.00
0
0.00
-1,700,000
0.01
-13,165
0.00
2,150,000
0.00
4,818
0.00
3,290,000
0.00
0
0.00
-300,000
0.00
-13
0.00
0
0.00
0
0.00
4,000,000
0.00
19
0.00
462,214 143.36
662,628
8.17
0 143.36
0
8.17
2,141,524 117.56
2,517,629
6.34
598,185 114.75
686,417
7.01
0 114.75
0
7.01
1,059,714 119.84
1,269,918
7.46
44,183,756 113.37
50,089,887
8.24
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
CUSIP
912810PZ5
912810QP6
912810QP6
912810RF7
912828C99
912828GX2
912828GX2
912828LA6
912828LA6
912828MF4
912828MF4
912828NM8
912828PP9
912828SA9
912828SQ4
912828SQ4
912828TE0
912828UH1
912828UX6
912828UX6
912828VM9
912828VM9
912828G87
DESCRIPTION
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY INFLATE PROT BD
U S TREASURY NOTE
TOTAL SECURITIES POSITIONS HELD
UNINVESTED CASH PLUS RECEIVABLES
NET UNSETTLED TRADES
NET FUTURES HELD
TOTAL ACCOUNT VALUE
SECURITY TYPE
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
US Treasury
CURRENCY
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
COUPON MATURITY
2.50
1/15/29
2.13
2/15/41
2.13
2/15/41
1.38
2/15/44
0.13
4/15/19
2.63
7/15/17
2.63
7/15/17
1.88
7/15/19
1.88
7/15/19
1.38
1/15/20
1.38
1/15/20
1.25
7/15/20
1.13
1/15/21
0.13
1/15/22
0.13
4/15/17
0.13
4/15/17
0.13
7/15/22
0.13
1/15/23
0.13
4/15/18
0.13
4/15/18
0.38
7/15/23
0.38
7/15/23
2.13
12/31/21
QUANTITY
PRICE MKT VALUE (USD) DURATION
4,976,865 124.32
6,187,254
8.50
242,883 130.80
317,684
14.68
407,697 130.80
533,255
14.68
8,149,150 113.41
9,242,285
17.06
16,207,017
99.02
16,048,739
2.99
436,508 107.23
468,087
1.73
21,989,603 107.23
23,580,419
1.73
20,018 107.45
21,510
3.06
8,429,078 107.45
9,057,306
3.06
329,421 105.09
346,175
3.41
0 105.09
0
3.41
27,073,995 105.08
28,448,840
3.75
1,465,398 104.01
1,524,128
4.09
5,245,600
97.39
5,108,721
4.90
363,813 100.11
364,211
1.60
3,608,859 100.11
3,612,807
1.60
7,124,733
97.55
6,950,512
5.24
5,452,216
96.82
5,278,852
5.59
671,802
99.66
669,492
2.29
19,436,644
99.66
19,369,821
2.29
1,224,408
98.99
1,212,068
5.87
0
98.99
0
5.87
0 100.98
0
6.58
-575,352,149
-382,913
-34,727,019
806,505,897
196,043,816
Fixed Income Shares: Series R (FXIRX)
Holdings as of 12/31/2014
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and
summary prospectus, if available, which may be obtained by contacting your PIMCO representative. Please read them carefully before you invest or send money.
The portfolio holdings and its presentation may differ from the complete schedule of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the
complete schedule of investments provided in the first and third quarter SEC Form N-Q filings for each fiscal year as it is not prepared in a manner to conform to Generally Accepted Accounting
Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements.
A word about risk: Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk; investments may be worth more or less than the original cost
when redeemed. Certain U.S. Government securities are backed by the full faith of the government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are
generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Investing in foreign denominated and/or domiciled
securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be
sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some
form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Derivatives may involve certain costs and risks such as liquidity, interest rate, market,
credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure
against loss.
The value of most bond funds and fixed income securities are impacted by changes in interest rates. Bonds and bond funds with longer durations tend to be more sensitive and more volatile than
securities with shorter durations; bond prices generally fall as interest rates rise.
PIMCO may or may not continue to own the securities referenced herein and, if such securities are owned, no representation is being made that such securities will continue to be held.
The managed account strategies described in this material are offered by Pacific Investment Management Company, LLC and are available exclusively through financial professionals. Participation is
restricted to accounts with a minimum asset level and may not be suitable for all investors. For more information, contact your financial advisor. Financial professionals seeking more information should
contact their managed accounts department or PIMCO.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No
part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks
or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2014, PIMCO.
Fixed Income Shares (FISH) are offered by PIMCO Investments LLC.