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Form 497 PIMCO FUNDS

December 9, 2022 6:04 AM EST

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PIMCO Funds

Supplement dated December 8, 2022 to the Statement of Additional Information (the “SAI”)

dated August 1, 2022, as supplemented from time to time

Disclosure Related to the PIMCO Diversified Income Fund and PIMCO Low Duration Income Fund (each, a “Fund” and together, the “Funds”)

Effective December 6, 2022, the PIMCO Diversified Income Fund’s portfolio is jointly and primarily managed by Daniel J. Ivascyn, Alfred Murata, Regina Borromeo, Sonali Pier and Charles Watford.

Effective December 6, 2022, the PIMCO Low Duration Income Fund’s portfolio is jointly and primarily managed by Daniel J. Ivascyn, Joshua Anderson and Alfred Murata.

Accordingly, effective immediately, the following information is added to the table and accompanying footnotes in the subsection titled “Portfolio Managers—Other Accounts Managed” in the SAI, and corresponding changes are made to such table and accompanying footnotes:

 

      Total
Number
of Other
Accounts
  

Total Assets of
All Other
Accounts

(in $ millions)

   Number of
Other Accounts
Paying a
Performance
Fee
   Total Assets of
Other Accounts
Paying a
Performance Fee
(in $ millions)
Borromeo11            
Registered Investment Companies    0    $0.00    0    $0.00
Other Pooled Investment Vehicles    0    $0.00    0    $0.00
Other Accounts    0    $0.00    0    $0.00
Watford56            
Registered Investment Companies    0    $0.00    0    $0.00
Other Pooled Investment Vehicles    7    $1,149.05    0    $0.00
Other Accounts    0    $0.00    0    $0.00

 

11 

Effective December 6, 2022, Ms. Borromeo co-manages the PIMCO Diversified Income Fund ($4,696.3 million). Information for Ms. Borromeo is as of October 31, 2022.

 

56 

Effective December 6, 2022, Mr. Watford co-manages the PIMCO Diversified Income Fund ($4,696.3 million). Information for Mr. Watford is as of October 31, 2022.

In addition, effective immediately, the following is added to the end of the paragraph immediately preceding the above-mentioned table:

Effective December 6, 2022, the PIMCO Diversified Income Fund is jointly and primarily managed by Daniel J. Ivascyn, Alfred Murata, Regina Borromeo, Sonali Pier and Charles Watford and the PIMCO Low Duration Income Fund is jointly and primarily managed by Daniel J. Ivascyn, Joshua Anderson and Alfred Murata.


In addition, effective immediately, the following information is added to the table and accompanying footnotes in the subsection titled “Portfolio Managers—Securities Ownership” in the SAI, and corresponding changes are made to such table and accompanying footnotes:

 

Portfolio
Manager
     Funds Managed by Portfolio Manager    Dollar Range of Shares Owned
Borromeo1      PIMCO Diversified Income    None
Watford3      PIMCO Diversified Income    None

 

1

Effective December 6, 2022, Ms. Borromeo co-manages the PIMCO Diversified Income Fund. Information for Ms. Borromeo is as of December 8, 2022.

 

3

Effective December 6, 2022, Mr. Watford co-manages the PIMCO Diversified Income Fund. Information for Mr. Watford is as of December 8, 2022.

Investors Should Retain This Supplement for Future Reference

PIMCO_SUPP1_120822



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