Quarterly Investment Report
PIMCO650 Newport Center DriveNewport BeachCalifornia 92660(888) 87-PIMCOwww.pimco.com/investments
June 30, 2014
PIMCO Total Return Fund
Summary of Performance Data and Portfolio Statistics
PIMCO Total Return Fund Institutional Class
PerformanceSincePeriods Ended 6/30/2014Inception10 yrs5 yrs3 yrs1 yr6 mos3 mos
Total Portfolio
1
Before Fees (%)8.43 6.84 6.87 4.80 5.36 3.94 2.49After Fees (%)7.94 6.37 6.38 4.32 4.88 3.70 2.37(Inception 05/11/87)
Barclays U.S. Aggregate Index (%)6.86 4.93 4.85 3.66 4.37 3.93 2.04
Barclays U.S. Aggregate Index (%)3
The Fund's Total Annual Operating Expenses0.46%Summary Information3/31/20146/30/2014Sector Allocation3/31/20146/30/20143/31/20146/30/2014Total Net Assets (USD in millions)231,916.8
225,216.3
Government-Related
5
41
47
29
33
SEC 30-Day Ann. Yield (%)2.00
2.02
Government-Treasury43
49
45
56
Distribution Yield (%)
3
2.17
2.35
Government-Agency4
3
4
2
Effective Duration (yrs)5.0
5.7
Swaps and Liquid Rates-6
-5
-20
-25
Benchmark Duration - Provider* (yrs)5.7
5.6
Mortgage23
22
14
11
Benchmark Duration - PIMCO** (yrs)5.3
5.2
Invest. Grade Credit7
8
6
5
Effective Maturity (yrs)5.3
8.4
High Yield Credit3
4
1
1
Average Coupon (%)2.9
3.2
Non U.S. Developed 10
16
4
6
Net Currency Exposure (%)0.2
-0.4
Emerging Markets6
9
3
4
Tracking Error (10 yrs, %)
4
2.2
2.2
Other
6
5
5
9
9
Information Ratio (10 yrs)
4
0.6
0.6
Net Cash Equivalents:
7
5
-11
34
31
Commercial Paper / STIF1
1
0
0
ST Government-Related33
39
7
6
ST Mortgage1
1
0
0
ST Credit10
17
0
0
Money Market Futures/Options129
135
26
24
Other10
21
1
1
Less: Liabilities-179
-225
0
0Total
100
100
100
100
Expense Ratio
See example of tracking error / information ratio in Important Information section of the Appendix.% of Market Value % of Duration
PortfolioIndexBofA ML 1-3 Yr. TreasuryCitigroup 10-Yr. Strip024681012024681012
A n n u a l i z e d R e t u r n ( % )
Standard Deviation of Return
2
(%)
10-Year Return vs. Standard Deviation
Government-Related may include nominal and inflation-protected Treasuries, agencies, interest rate swaps, Treasury futures and options, and FDIC-guaranteed corporate securities.
Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results.Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown. For performance current to the most recent month-end, visit www.PIMCO.com/investments or call (888) 87-PIMCO.
*The benchmark duration as providedby Benchmark Provider**Benchmarkduration as calculated by PIMCO
2
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