PACIFIC INVESTMENT MANAGEMENT CO LLC

Our Firm

Assets Under Management

Our Services

Tailoring Services to Client Needs

Important Information About Procedures for Establishing a New Client Relationship

Wrap and Similar Program Services

Stable Value Investment Management Services

Model Portfolios

Customized Target Data Strategy

Methods of Analysis and Investment Strategies

Material Risks of Significant Strategies and Significant Methods of Analysis

Registration of Management Persons as Registered Representatives of a Broker-Dealer

Registration as Commodity Pool Operator and Commodity Trading Advisor

Wholly-Owned Subsidiary Advisor Affiliations

Other Affiliations

Affiliations and Conflicts of Interest

Code of Ethics, Participation or Interest in Client Transactions, and Personal Trading

Code of Ethics

Gifts and Entertainment

Political and Charitable Contributions

Potential Conflicts Relating to Advisory Activities

Potential Restrictions and Conflicts Relating to Information Possessed or Provided by PIMCO

Other Conflicts

Brokerage Practices

PIMCO’s Broker-Dealer Selection Process

Aggregation of Orders

Compensation from Non-Clients

Referral and Other Compensation Arrangements

ITEM 17.

Voting Client Securities

PIMCO’s Proxy Voting Policies and Procedures

Sub-Adviser Engagement

Alternative Proxy Voting Arrangements

Financial Information

ITEM 18.

Appendix A

Principal Owners

Appendix B

Fee Schedules

Appendix C

Information Regarding PIMCO Affiliates

Appendix D

Methods of Analysis and Investment Strategies

Appendix E

Privacy Policy

ITEM 4. Advisory Business Our Firm Pacific Investment Management Company LLC (“PIMCO,” “we,” or “us”) is a leading global investment

fixed income portfolios and has evolved to include active management of equities, open-end funds, closed-end funds (exchange-listed funds and interval funds), exchange-traded funds (“ETFs”), collective investment trusts (“CITs”), private investment funds (e.g., private

management firm founded in Newport Beach, California

equity-style funds and hedge funds), and structured

in 1971. We are an indirect subsidiary of Allianz SE

products. PIMCO is a provider of solutions services,

(“Allianz”), a global financial services company based in

offering a menu of sophisticated strategies, analysis, and

Germany, although our operations are separate from,

advice for clients in all types of market conditions. While

and autonomous of, Allianz. Please refer to Appendix A

these services have greatly evolved over time, one thing

for PIMCO’s Principal Owners.

that has not changed is our mission to provide the

PIMCO’s Global Offices. As a global investment

highest quality investment management services.

manager, PIMCO uses the resources of our offices

As a leading provider of discretionary investment

around the world to provide portfolio management,

management services, PIMCO employs a broad range of

research, and trading services for client accounts (each, a

portfolio management tools that seek to appropriately

“Client” or “Account”). The PIMCO entity with which a

manage risk, hedge exposures, and seek returns

client has contracted supervises any services provided by

consistent with Client guidelines. We have considerable

one or more of our global offices.

experience in an array of global investment strategies,

Our People. PIMCO was founded on the philosophy that

which include both fixed income and equity strategies. As

hard work, high standards of excellence, and the desire to be the best are critical to our success. Biographical and other information relating to certain key investment management personnel is contained in the supplement to this brochure.

Assets Under Management As of December 31, 2025, PIMCO managed approximately $3,666,935,101,247 of regulatory assets under management and $2,255,965,449,422 of net assets

markets evolve, we will seek to employ new strategies and manage new products. For additional information relating to our strategies, methods of analysis, and material risks associated with our significant strategies, please see “Methods of Analysis, Investment Strategies, and Risk of Loss” in Item 8. Portfolio Management. PIMCO provides investment management services to Clients through a global team of investment professionals.

under management, respectively. For purposes of

The investment professionals employed by PIMCO are

calculating our regulatory AUM, we include assets that

devoted primarily to the management of Accounts. Client

we manage on behalf of Allianz-affiliated companies, as well as the assets of clients contracted with the non-U.S. investment advisers affiliated with PIMCO listed in Appendix C (the “Non-U.S. Advisers”), except PIMCO Prime Real Estate GmbH, which files reports with the SEC as an Exempt Reporting Adviser, and its subsidiary, PIMCO Prime Real Estate Asia Pacific Pte. Ltd.

Our Services

portfolio management teams include portfolio managers, risk managers, research analysts, economists, and others who assist in the development of investment ideas, implementation of portfolio strategies, and risk analysis. PIMCO has an Investment Committee comprised of senior portfolio managers and headed by PIMCO's Group Chief Investment Officer and Chief Investment Officers. The Investment Committee determines key portfolio management strategies. Guided by these key strategies,

Our Organization. Since 1971, we have provided

individual portfolio management teams then make

discretionary investment management services to clients

investment decisions for their respective Accounts.

throughout the world. PIMCO began as a manager of

Separate Account Management. The client

fees associated with insourced or outsourced services will

management team, which acts as the bridge between

be borne by PIMCO or, subject to applicable offering

separate account Clients (each, a “Separate Account”)

documents or investment management agreements, a

and their PIMCO portfolio managers, is devoted to client

Client. In addition, PIMCO, and not Clients, could benefit

service. One of the advantages of this approach is that it

from certain fee reduction arrangements under certain

permits our portfolio managers to concentrate the vast

such agreements. For additional information, please see

majority of their time on investment activities. Client

“Payments Made to Service Providers and Other Third

management professionals work closely with the

Parties” in Item 5.

portfolio management team to implement each Separate Account’s investment guidelines. Client management professionals also are responsible for day-to-day servicing of Separate Accounts and play an integral role in helping to develop investment ideas and strategies in conjunction with the portfolio management team.

Asset Management. PIMCO (both directly and through the use of Affiliated Service Providers) provides asset management services related to the management and monitoring of certain investments through a dedicated team of asset managers. Such activities include, among others: (i) assisting with asset and liability servicing, such

Business Management. PIMCO’s business management

as seeking to ensure that all principal and interest is

team provides the infrastructure for the operation of the

received for loan agreements and that debt obligations

firm and includes the Legal and Compliance, Human

are satisfied; (ii) monitoring assets pledged as collateral

Resources, Operations, Finance, and Technology

for financing; and (iii) supporting asset servicing

departments. One key function of the business

functions as appropriate. In certain instances, senior

management team is to manage back-office operations.

members of the asset management division may function

We have outsourced certain back-office operations to

both as asset managers and portfolio managers.

State Street Bank and Trust Company and its affiliates (together, “SSBT”), a firm specializing in back-office trade processing, settlement, and accounting operations. This enables us to focus the majority of our people and resources on what we do best – managing investments and servicing clients. SSBT administers the following functions on our behalf, including, but not limited to: (i) coordinating asset transitions; (ii) assisting with the maintenance and update of our security master database; (iii) processing trades; (iv) communicating trade and settlement directives to the relevant account’s custodian banks; and (v) facilitating failed trade and overdraft compensation claims. While SSBT provides our back-office services, we actively supervise all work performed on behalf of our Clients in connection with these services. PIMCO may insource or outsource certain processes or functions in connection with a variety of services that it provides in its administrative or other capacities without notice to Clients. Depending upon the nature of the services, and subject to applicable law and agreements,

Non-Discretionary Services. In addition to our discretionary investment management services, PIMCO also provides non-discretionary investment management and non-discretionary advisory services to certain clients. Some clients grant PIMCO limited discretion with respect to the assets in their Account (“Non-Discretionary Accounts”). For example, a Client may require that PIMCO seek the Client’s approval prior to any buy or sell transactions in the Client’s Account. In these instances, our ability to transact on behalf of the Client will be limited. Therefore, a Non-Discretionary Account may not be able to obtain comparable discounts that we may negotiate on aggregated transactions, it may pay higher transaction costs or brokerage commissions, and we may be unable to achieve the most favorable execution depending on the circumstances of the transaction and the limitations of the Account. Similarly, a NonDiscretionary Account may not be able to participate in certain investment opportunities. For these reasons, a Non-Discretionary Account may achieve lower returns compared to a comparable Account that grants PIMCO

full discretion. For additional information on Non-

Securities Lending. PIMCO generally does not enter into

Discretionary Accounts, please see “Conflicts Relating to

securities lending arrangements for our Clients (other

Non-Discretionary Advisory Services” in Item 11.

than for the PIMCO Funds, as described in their

Other Services. PIMCO engages in related business activities, including the licensing of intellectual property with respect to, for example, the development of

respective offering documents). However, from time to time with the agreement of a Client, we may enter into or facilitate securities lending arrangements for that Client.

methodologies for compiling and calculating a

Under typical securities lending arrangements, a

benchmark index. We license or sell our intellectual

manager loans a security held in a client’s portfolio to a

property rights in such methodologies to third parties

broker-dealer in exchange for collateral. This collateral

who use such methodologies to create and issue

can consist of either cash collateral or non-cash collateral

investment products that are based on such indices

(i.e., other securities). In addition, Clients would typically

and/or correlated to the underlying components of such

continue to receive interest or dividends on the securities

indices. We also license or sell our intellectual property

lent. The client may earn potentially enhanced returns

rights in such methodologies to third parties who use

from these arrangements by collecting finance charges

such methodologies to hedge or reinsure such

on the loan or by reinvesting cash collateral to earn a

investment products, develop a benchmark index, or

positive net return. Such returns are generally shared

calculate performance on a financial product. In certain

between the client and the securities lending agent, and

cases, such third parties pay us a portion of the

the risk associated with the investment of collateral is

subscription or licensing fees they receive in connection

generally borne by the client.

with such indices, or a percentage of the total assets allocated to investment products that are based on or reference such indices. In connection with the licensing of our indices, in certain cases we will receive a fee for entering into certain hedging transactions on behalf of the licensee of the index (or another third party) or for permitting third parties to engage in such hedging transactions.

Some Clients have established separate securities lending arrangements through their custodian or other service provider. If a Client has entered into these arrangements, the Client and its custodian or service provider are responsible for adhering to the requirements of such arrangements, including ensuring that the securities or other assets in the Account are available for any securities lending transactions. PIMCO shall neither have

Other examples of related business activities include,

nor accept any liability, authority, or power to determine,

among other things, entities owned by or otherwise

or influence the determination, whether to loan any

affiliated with us or owned by certain Clients that we

security in an Account or recall any security that has been

manage or sponsor, including Clients that are pooled

lent from an Account by a Client or a Client’s custodian

investment vehicles (“PIMCO Funds” or “Funds”), providing

or service provider. For Accounts that we actively

loan servicing, consulting, legal, accounting, tax, due

manage, we execute transactions based on a number of

diligence, sourcing, origination, asset management, or

factors, including market conditions and best execution,

other services to certain Clients or portfolio companies or

and generally do not consider factors relating to a

other investments directly or indirectly owned by such

Client’s securities lending arrangements, such as whether

Clients. PIMCO Aurora LLC (the “Services Company”) is a

the Client’s custodian may need to recall securities on

wholly-owned subsidiary of PIMCO and service provider

loan to settle the sales transactions. We have established

for certain Clients. For additional information relating to

policies and procedures in the event there is a loss or

the Services Company, please see “Payments Made to

overdraft in connection with a transaction. For additional

Service Providers and Other Third Parties” in Item 5.

information relating to the claims process, including any loss relating to PIMCO’s sale of a security that is not

available in an Account due to such Client’s securities

providing indemnities, filing proofs of claim, engaging in

lending activities, please see “Claims Process” in Item 12.

or defending litigation including as part of an ad hoc or

For additional information relating to securities lending,

other group, and or otherwise participating in such

please see “Securities Lending Transaction Risk” in Item

transactions, or taking similar actions at our discretion,

8.

where permitted, on behalf of PIMCO Funds and Separate

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Client. Clients should carefully review their custodian

PIMCO’s Proxy Voting Policies and Procedures

statements to ensure they reflect appropriate activity in their Account.

PIMCO has adopted a written proxy voting policy (the “Proxy Policy”) as required under the Advisers Act.

ITEM 16. Investment Discretion

It is PIMCO’s policy to exercise any voting or consent

PIMCO provides discretionary investment management

rights with respect to securities held in accounts over

services to a Client only if the Client or its agent and

which PIMCO has discretionary voting authority

consistent with PIMCO’s fiduciary obligations and

regulatory developments may restrict PIMCO’s use of

applicable law. PIMCO shall neither have nor accept any

ISPs or lead to changes in the way PIMCO uses ISPs.

right or authority to vote proxies with respect to securities on loan pursuant to a securities lending arrangement between a Client and the Client’s custodian, unless PIMCO accepts express contractual authority over the client’s securities lending activities, and this authority includes the ability to recall leased securities. Each proxy is voted on a case-by-case basis, taking into account relevant facts and circumstances in good faith and in the best interest of the Client. When considering Client proxies, PIMCO may determine not to vote a proxy in certain circumstances in accordance with its fiduciary duties or its agreement with a Client. PIMCO will use commercially reasonable efforts to vote on proxies within the timeframe prescribed by the custodian or other agent of the Account. Additionally, there may be operational circumstances that prevent PIMCO’s proxy voting elections from being processed, and in such circumstances, PIMCO will take reasonable steps to submit votes on behalf of clients. PIMCO has retained an Industry Service Provider (“ISP”) to provide research and voting recommendations for proxies relating to equity securities in accordance with the ISP’s guidelines. In furtherance of its fiduciary obligations, PIMCO performs due diligence and oversight of the ISP, which includes, but is not limited to, the evaluation of the ISP’s operational processes and ability to provide research and voting recommendations (including the ISP’s operational infrastructure as it relates to its process for seeking timely input from issuers and voting methodologies) and the ISP’s compliance program. By following the guidelines of an independent third party, PIMCO seeks to mitigate conflicts of interest PIMCO could have with respect to proxies covered by the ISP. PIMCO will follow the ISP’s voting recommendation unless: (i) the ISP does not provide a voting recommendation; or (ii) PIMCO determines to override the ISP’s voting recommendation. When the ISP does not provide a voting recommendation, PIMCO will determine how, or if, the proxy will be voted. In each case, the determination will be made in the client’s best interest and consistent with PIMCO’s fiduciary duties. Further

Fixed income securities can be processed as proxy ballots or corporate action consents at the discretion of the issuer/custodian. When processed as proxy ballots, the ISP generally does not provide a voting recommendation, and its role is limited to election processing and recordkeeping. When processed as corporate action consents, PIMCO will review all election forms to determine whether an actual or potential conflict of interest exists with respect to the PM’s consent election. PIMCO’s Credit Research and Portfolio Management Groups are responsible for providing recommendations on how to vote proxy ballots and corporation action-consents with respect to fixed income securities. PIMCO will vote Client (including ERISA Accounts) proxies relating to an interest in a Fund in accordance with the offering or other disclosure, or governing documents or any applicable contract for the Account holding shares of the Fund. Where such documents are silent on the issue, PIMCO will generally vote client proxies relating to an interest in a Fund by “echoing” or “mirroring” the vote of the other shareholders in the underlying Fund, or by applying other appropriate methods in the Policy, unless such practice is prohibited by law, regulation, or the contractual arrangements between the Account and PIMCO. The Proxy Policy permits PIMCO to seek to resolve or mitigate material conflicts of interest by pursuing any one of several courses of action. With respect to material conflicts of interest between PIMCO and an Account, the Proxy Policy permits PIMCO to either: (i) convene a working group to assess and resolve the conflict (the “Proxy Working Group”), or (ii) vote in accordance with protocols previously established by the Proxy Policy, the Proxy Working Group, and/or other relevant procedures approved by PIMCO’s Legal and Compliance department with respect to specific types of conflicts. These conflicts can favor one Client over another, or favor PIMCO over a Client. This may also result in PIMCO exercising proxies or consents for some Clients in a different manner than it

does for other Clients. Similarly, PIMCO may exercise

Sponsor for a copy of the Sponsor’s proxy voting

investment decision consents differently for some Clients

policies.

than for others. For additional information regarding

such potential conflicts, please see “Code of Ethics,

Participation or Interest in Client Transactions, and

Because PIMCO does not require or solicit prepayment of

Personal Trading” in Item 11. PIMCO will supervise and

more than $1,200 in fees per Client six months or more in

periodically review its proxy voting activities and the

advance, this item is inapplicable.

implementation of the Proxy Policy. Except as required by law, PIMCO will not disclose to third parties how it voted on behalf of a Client. However, upon request from an appropriately authorized individual, PIMCO will disclose to its Clients how PIMCO voted such Client’s proxy. In addition, a Client may obtain copies of PIMCO’s Proxy Policy and information as to how its proxies have been voted by contacting PIMCO.

Sub-Adviser Engagement As an investment manager, PIMCO may exercise its discretion to engage a sub-adviser to provide portfolio management services to certain Accounts. Consistent with its management responsibilities, the sub-adviser will assume the authority for voting proxies on behalf of PIMCO for these Accounts. Sub-advisers may utilize third parties to perform certain services related to their portfolio management responsibilities. As a fiduciary, PIMCO will maintain oversight of the investment management responsibilities performed by the subadviser and contracted third parties.

Alternative Proxy Voting Arrangements With respect to those Client portfolios for which PIMCO is not authorized to vote proxies or give consents in connection with corporate actions, including with respect to securities contributed in-kind to an Account by Wrap Program Clients, such Clients should arrange to receive proxy solicitation materials directly from their custodian. If Clients have questions with respect to a particular proxy solicitation, please contact your PIMCO account representative. In certain Wrap Programs, PIMCO will not be delegated the responsibility to vote proxies held by the Wrap Program Accounts, and instead, the Sponsor or another service provider will generally vote such proxies. Clients in such Wrap Programs should contact the

Appendix A Principal Owners The following affiliated entities own 25% or more of PIMCO directly or indirectly. Principal Owner of PIMCO

Entity in Which Interest is Owned

Allianz SE (publicly-held company)

Allianz Europe B.V.

Allianz Europe B.V.

Allianz of America, Inc.

Allianz of America, Inc.

Allianz Asset Management of America LLC

Allianz Asset Management of America LLC

Pacific Investment Management Company LLC

Appendix B Fee Schedules Our basic Separate Account fee schedules are listed below and are based on a percentage of an Account’s assets. The fee schedules, which are subject to change, may be negotiated under certain circumstances. When determining fee rates, we will take into account, among other things, a Client’s composite, strategy, account discretion, servicing levels and contracting counterparties. Fee rates are listed on a per annum basis. Clients may pay higher or lower fees than outlined below. The fee schedules for Direct Managed Accounts as well as Wrap Programs where we contract directly with a Wrap Program Client for advisory services (as opposed to a Wrap Program where our advisory fee is included within the Wrap Program fee) can be found after the Separate Account fee schedules as follows.

Fixed-Income Commodities

Fixed Fee: First $50 million 0.490% Next $100 million 0.450% Thereafter 0.400% Minimum Account Size: $75 million Performance Fee: Base Fee (Full Authority Guidelines) of 0.150% plus 22.5% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size: $100 million

Credit

Bank Loans: First $100 million 0.475% Thereafter 0.400% Minimum Account Size: $100 million Capital Securities First $100 million 0.700% Thereafter 0.500% Minimum Account Size: $75 million Credit Opportunities On All Assets 0.600% Minimum Account Size: $100 million U.S. Investment Grade: First $100 million 0.300% Next $100 million 0.275% Thereafter 0.250% Minimum Account Size: $100 million Global Investment Grade: First $100 million 0.350% Next $100 million 0.300% Thereafter 0.250% Minimum Account Size: $100 million U.S. Investment Grade ESG: First $75 million 0.330% Next $125 million 0.285% Thereafter 0.250% Minimum Account Size: $100 million Global Investment Grade ESG: First $75 million 0.380% Next $125 million 0.315% Thereafter 0.250% Minimum Account Size: $100 million High Yield: First $100 million 0.500% Thereafter 0.300% Minimum Account Size: $75 million Diversified Income: First $100 million 0.500% Next $100 million 0.450% Thereafter 0.400% Minimum Account Size: $100 million

Dynamic Bond First $200 million Thereafter Minimum Account Size:

0.600% 0.550% $100 million

Emerging Local Bonds Standard: First $100 million Thereafter Minimum Account Size:

0.500% 0.450% $100 million

Asia Local Bond: First $100 million Thereafter Minimum Account Size:

0.450% 0.400% $75 million

0.450% 0.350% $100 million

Performance Fee: Base Fee (Full Authority Guidelines) of 0.250% plus 25.0% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size:

$100 million

Global Bond Fixed: First $100 million Next $100 million Thereafter Minimum Account Size:

Minimum Account Size:

$100 million

Global ESG First $75 million Next $125 million Thereafter Minimum Account Size:

0.380% 0.315% 0.250% $75 million

Fixed Fee: First $100 million Next $100 million Thereafter Minimum Account Size:

0.300% 0.275% 0.250% $75 million

Performance Fee: Base Fee (Full Authority Guidelines) of 0.150% plus 15% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size:

$250 million

Low Duration 0.350% 0.300% 0.250% $75 million

Performance Fee: Base Fee (Full Authority Guidelines) of 0.150% plus 15.0% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size: $100 million

Global Advantage® Fixed Fee: First $100 million Next $100 million Thereafter Minimum Account Size:

Base Fee (Full Authority Guidelines) of 0.150% plus 20% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period.

Long Duration/Long Credit

Emerging Market Bonds Fixed Fee: First $100 million Thereafter Minimum Account Size:

Performance Fee:

0.450% 0.400% 0.350% $100 million

Fixed Fee: On All Assets Minimum Account Size:

0.250% $75 million

Performance Fee: Base Fee (Full Authority Guidelines) of 0.150% plus 15% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size:

$100 million

Low Duration Opportunities First $100 million Next $100 million Thereafter Minimum Account Size:

0.350% 0.300% 0.250% $100 million

Moderate Duration Fixed Fee: First $100 million 0.300% Next $125 million 0.275% Next $300 million 0.240% Thereafter 0.200% Minimum Account Size: $75 million Performance Fee: Base Fee of 0.150% plus 15.0% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size: $100 million

Money Market On All Assets Minimum Account Size: Money Market Plus: First $200 million Thereafter Minimum Account Size:

0.1125% $200 million 0.125% 0.100% $200 million

Mortgage Mortgage: On All Assets Minimum Account Size: Mortgage BOLI: First $600 million Next $700 million Thereafter Minimum Account Size:

0.250% $75 million 0.200% 0.175% 0.150% $75 million

Full Discretion: First $50 million 0.250% Next $50 million 0.200% Thereafter 0.180% Minimum Account Size: $50 million Limited Discretion: First $50 million 0.180% Next $50 million 0.125% Thereafter 0.100% Minimum Account Size: $50 million Municipal Cash/Short Term: First $100 million 0.150% Next $100 million 0.140% Thereafter 0.130% Minimum Account Size: $25 million

Municipal Focus $50 million

High Yield Municipal Bonds First $100 million Thereafter Minimum Account Size

0.350% 0.300% $50 million

Short Term Fixed Fee: First $200 million 0.200% Next $200 million 0.150% Thereafter 0.125% Minimum Account Size: $100 million Performance Fee: Base Fee (Full Authority Guidelines) of 0.100% plus 12.5% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size:

Short Term Restricted First $200 million Next $300 million Thereafter Minimum Account Size:

$100 million 0.150% 0.125% 0.100% $100 million

First $175 million Next $225 million Thereafter Minimum Account Size:

Stable Value

First $100 million Next $300 million Next $900 million Thereafter Minimum Account Size:

0.215% 0.160% 0.125% $100 million 0.250% 0.200% 0.175% 0.150% $75 million

In addition to asset management fees, stable value portfolios may incur fees or other charges associated with stable value investment contracts issued by insurance companies, banks, and other financial institutions,

Total Return Fixed Fee: First $100 million Next $125 million Next $300 million Thereafter Minimum Account Size:

0.300% 0.275% 0.240% 0.200% $75 million

Performance Fee: Base Fee (Full Authority Guidelines) of 0.150% plus 15.0% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size:

$100 million

Total Return ESG

Real Return U.S.: On All Assets Minimum Account Size: Global: On All Assets Minimum Account Size: Region/Single Currency:

0.250% $75 million

Short Term ESG

Municipal Bonds

Fees will vary Minimum Account Size:

On All Assets Minimum Account Size:

0.250% $75 million

First $75 million Next $25 million Thereafter Minimum Account Size:

0.290% $75 million

Equities StocksPLUS®

0.400% 0.270% 0.250% $75 million

Fixed Fee (Conventional Cap-Weighted Indices): First $150 million 0.350% Next $150 million 0.300% Thereafter 0.250% Minimum Account Size: $100 million Performance Fee (Conventional CapWeighted Indices): Base Fee of 0.100% plus 20.0% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size: $100 million

StocksPLUS® Absolute Return Fixed Fee (Conventional Cap-Weighted Indices): First $150 million 0.450% Thereafter 0.400% Minimum Account Size: $100 million Performance Fee (Conventional CapWeighted Indices): Base Fee of 0.100% plus 20.0% of outperformance over the applicable index plus the Base Fee; subject to quarterly draw on the Base Fee; no cap; rolling 12-month measurement period. Minimum Account Size:

$100 million

StocksPLUS Long Duration ®

First $300 million Thereafter Minimum Account Size:

0.375% 0.350% $75 million

RAE Fundamental

Europe: First $50 million Next $50 million Thereafter Minimum Account Size:

0.350% 0.300% 0.250% $100 million

Global Developed: First $50 million Next $50 million Thereafter Minimum Account Size:

0.350% 0.300% 0.250% $100 million

Low Volatility U.S. Large: First $50 million Next $50 million Thereafter Minimum Account Size:

0.300% 0.250% 0.200% $100 million

Low Volatility International: First $50 million Next $50 million Thereafter Minimum Account Size: Low Volatility EM: First $50 million Next $50 million Thereafter Minimum Account Size: U.S. Large: First $50 million Next $50 million Thereafter Minimum Account Size:

0.350% 0.300% 0.250% $100 million 0.500% 0.450% 0.400% $100 million 0.300% 0.250% 0.200% $100 million

International: First $50 million Next $50 million Thereafter Minimum Account Size:

0.500% 0.450% 0.400% $100 million

EM: First $50 million Next $50 million Thereafter Minimum Account Size:

0.500% 0.450% 0.400% $100 million

U.S. Small: First $50 million Next $50 million Thereafter Minimum Account Size:

0.400% 0.350% 0.300% $100 million

Small International: First $50 million Next $50 million Thereafter Minimum Account Size:

0.450% 0.400% 0.350% $100 million

Global All Country: First $50 million Next $50 million Thereafter Minimum Account Size:

0.350% 0.300% 0.250% $200 million

Global All Country ex-U.S.: First $50 million Next $50 million Thereafter Minimum Account Size:

0.400% 0.350% 0.300% $200 million

Wrap Program Fee Schedule For Wrap Programs where PIMCO contracts directly with a Wrap Program Client for advisory services (as opposed to a Wrap Program where our advisory fee is included within the Wrap Program fee), a Wrap Program Client may pay us between 0.05% and 0.45% of the assets in the Wrap Program Account.

Appendix C Information Regarding PIMCO Affiliates PIMCO, a Delaware limited liability company, is a majority owned subsidiary of Allianz Asset Management of America LLC (“AAM LLC”), with minority interests held by Allianz Asset Management U.S. Holding II LLC, a Delaware limited liability company and certain current and former officers of PIMCO. Through various holding company structures, AAM LLC is a subsidiary of Allianz SE, a European-based, multinational insurance and financial services holding company and a publicly traded German company. Broker-Dealer Affiliates

Non-U.S. Advisers

PIMCO Global Advisors (Luxembourg)

PIMCO Investments LLC

PIMCO Asia Limited, a Hong Kong-

S.A., a Luxembourg-based investment

PIMCO Canada Corp. PIMCO Europe GmbH

Investment Adviser Affiliates PIMCO Asia Limited PIMCO Asia Pte Ltd. PIMCO Australia Management Limited

based investment adviser regulated

adviser regulated by the Commission

by the Securities and Futures

de Surveillance du Secteur Financier

Commission

PIMCO Investment Management

PIMCO Asia Pte Ltd., a Singapore-

(Shanghai) Limited, a Shanghai-based

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