PIMCO Low Duration Fund

Fund Holdings

Gross generally invests in short-term bonds in a variety of sectors, including corporate, MBS, and treasuries, according to Morningstar. Management will generally hold short-term, high-quality bonds. Gross can also invest up to 10 percent of its total assets in high-yield bonds, up to 30 percent of its total assets in “securities denominated in foreign currencies,” and up to 10 percent of its total assets in “securities and instruments that are economically tied to emerging markets countries,” according to the fund’s prospectus.

Asset Allocation

	% Long	% Short	% Net
Cash	17.78	77.61	-59.83
Stocks	0.0	0.0	0.0
Bonds	59.72	2.26	57.45
Other	6.34	0.05	6.29
Foreign Bonds	100.43	5.0	95.43
Foreign Stocks	0.0	0.0	0.0
Convertible	0.08	0.0	0.08
Preferred	0.57	0.0	0.57

Updated 12.31.2012

Top 10 Holdings

Performance as of 05.31.2013

Portfolio as of 12.31.2012

	% Net Assets
Fin Fut Euro$ Cme 12/14/15	30.5
Irs Usd 3mls/1.50000s 03/18/15-16 Cme	16.42
Fin Fut Euro$ Cme 06/15/15	8.12
Fin Fut Euro$ Cme 03/14/16	3.87
Fannie Mae Single Family TBA 3.5% 2042-01-01	3.54
US Treasury Note	3.32
Cdx Bp Ig19 5y Cme	2.97
Fannie Mae Single Family TBA 4% 2042-02-01	2.43
US Treasury Note 0.125%	1.92
Fannie Mae Single Family TBA 4.5% 2042-01-01	1.75