Foreign
Bond Fund
(U.S. Dollar-Hedged)
(U.S. Dollar-Hedged)
On the following pages of this PIMCO Funds Semiannual Report, which covers the six-month reporting period ended September 30, 2016, please find specific details regarding investment performance and a discussion of factors that most affected performance over the reporting period.
By investing in high-quality developed countries outside the U.S., the fund provides diverse exposure to multiple economies, interest rates and yield curves, which may enhance return potential, reduce overall portfolio volatility and help mitigate the threat of rising interest rates in the U.S.