Form POS AMI PIMCO FUNDS
SECURITIES AND EXCHANGE COMMISSION
THE INVESTMENT COMPANY ACT OF 1940
Newport Beach, California 92660
(888) 877-4626
| Douglas P. Dick, Esq. Adam T. Teufel, Esq. Dechert LLP 1900 K Street, N.W. Washington, D.C. 20006 |
Peter G. Strelow Pacific Investment Management Company LLC 650 Newport Center Drive Newport Beach, California 92660 |
| (Name and Address of Agent for Service) | |
PIMCO Funds
Private Account Portfolio Series
Amendment Dated November 2, 2023 to the Private Account Portfolio Series Sector Portfolios
Offering Memorandum dated July 31, 2023, as amended (the Offering Memorandum)
Disclosure Regarding the PIMCO Sector Fund Series BL (the Portfolio)
Effective immediately, the Portfolios portfolio is jointly and primarily managed by David Forgash and Jason Duko. Accordingly, effective immediately, the Investment Adviser/Portfolio Managers section of the Portfolios Portfolio Summary in the Offering Memorandum is deleted and replaced with the following:
PIMCO serves as the investment adviser for the Portfolio. The Portfolios portfolio is jointly and primarily managed by David Forgash and Jason Duko. Mr. Forgash is a Managing Director of PIMCO, and Mr. Duko is an Executive Vice President of PIMCO. Messrs. Forgash and Duko have jointly and primarily managed the Portfolio since its inception.
In addition, effective immediately, disclosure concerning the Portfolios portfolio managers in the table in the Management of the FundsIndividual Portfolio Managers section of the Offering Memorandum is deleted and replaced with the following:
| Fund | Portfolio Manager |
Since | Recent Professional Experience | |||
| PIMCO Sector Fund |
Jason Duko | * | Executive Vice President, PIMCO. Mr. Duko is an executive vice president and portfolio manager in the Newport Beach office focusing on U.S. leveraged finance, including bank loans and collateralized loan obligations (CLOs), high yield, and multi-sector credit strategies. Prior to rejoining PIMCO in 2023, he was at Ares Management, where he was a partner and portfolio manager responsible for managing U.S. bank loan credit strategies. He was at PIMCO from 2011- 2018, managing bank loan portfolios and responsible for secondary loan trading across all sectors. Previously, he held roles at Lord Abbett, Nomura Corporate Research and Asset Management (NCRAM), and ING Pilgrim Research. He has investment experience since 2000 and holds an undergraduate degree in finance from Arizona State University. | |||
| PIMCO Sector Fund PIMCO Sector Fund |
David Forgash | * * |
Managing Director, PIMCO. Mr. Forgash is a portfolio manager and head of global leveraged loans. In addition to being the lead portfolio manager for leveraged loans, he is also a member of the high yield and multi-sector credit teams. Prior to joining PIMCO in 2018, he was a senior portfolio manager at Millennium Capital Partners, investing across European credit. Previously, he was an executive director of European credit trading at Morgan Stanley, a managing director of U.S. credit trading at Greenwich Capital and a vice president in credit trading at Lehman Brothers. He has investment experience since 1994 and holds an MBA from the Stern School of Business at New York University. He received an undergraduate degree in economics from the University of Delaware. | |||
Investors Should Retain This Amendment for Future Reference
PIMCO Funds
Private Account Portfolio Series
Amendment dated November 2, 2023 to the
Private Account Portfolio Series Sector Portfolios Offering Memorandum Supplement,
dated July 31, 2023, as amended (the Offering Memorandum Supplement)
Disclosure Regarding the PIMCO Sector Fund Series BL (the Portfolio)
Effective immediately, the Portfolios portfolio is jointly and primarily managed by David Forgash and Jason Duko.
Accordingly, effective immediately, corresponding changes are made to the table and accompanying footnotes in the subsection titled Portfolio ManagersOther Accounts Managed in the Offering Memorandum Supplement.
In addition, effective immediately, the following is added to the end of the paragraph immediately preceding the above-mentioned table:
Effective November 2, 2023, the PIMCO Sector Fund Series BL is jointly and primarily managed by David Forgash and Jason Duko.
In addition, effective immediately, corresponding changes are made in the table and accompanying footnotes in the subsection titled Portfolio ManagersSecurities Ownership in the Offering Memorandum Supplement.
Investors Should Retain This Amendment for Future Reference
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| * |
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| Name and Principal Business Address* |
Positions and Offices With Underwriter
|
Positions and Offices with Registrant |
| Hall, Gregory W. |
Chairman of the Board of
Managers, Principle Executive
Officer |
None |
| Sutherland, Eric M. |
President and Manager, Board of
Managers |
None |
| Bentley, James D. |
Manager, Board of Managers |
None |
| Pitters, Caleb J.A. |
Manager, Board of Managers |
None |
| Tracy, Lauren R. |
Manager, Board of Managers |
None |
| Ferrari, David R. |
Principal Financial Officer and
Financial and Operations Principal |
None |
| Whittaker, Megan |
Anti-Money Laundering
Compliance Officer |
None |
| Dubitzky, Y. Zvi |
Chief Compliance Officer, Chief
Legal Officer |
None |
| Thomas, Mark G. |
Head of Business Management |
None |
| Burg, Anthony A. |
Treasurer |
None |
| Oglesby, Sarah J. |
Secretary |
None |
| PIMCO FUNDS
(Registrant) | |
| By: |
Eric D. Johnson*, President |
| *By: |
/s/ ADAM T. TEUFEL Adam T. Teufel as attorney-in-fact |
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