Morningstar® Investment Profile™ | Disclosure Statement Morningstar - Free Trial   PIMCO All Asset All Authority D  PAUDX   Snapshot Total Returns Rating & Risk Portfolio Nuts & Bolts Analyst Report Quote datadef_ratings PIMCO All Asset All Authority D  PAUDX   Morningstar Report Overall Morningstar Rating™ What is this? As of 2009-10-31 Out of World Allocation Funds Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. Morningstar® Style Box™ What is this?    ---    ---       As of 2009-06-30 Day Change $ 0.00    NAV (2009-11-20) $ 10.82    YTD Return % (2009-11-20) 20.13%    Total Assets ($ mil) 2,639 View Data Definitions   Performance     Growth of $10,000 Fund: PIMCO All Asset All Authority D (from 2005-07-29 to 2009-10-31) Category: World Allocation Index: Morningstar Moderate Target Risk Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20 Inception date: 2005-07-29 10yr and Inception Returns as of 2009-10-31 YTD Returns as of 2009-11-20 YTD 1 Year 3 Year 5 Year 10 Year Since Inception Fund 20.13 35.26 6.97 --- --- 5.71 +/- Category 0.32 15.95 7.28 --- --- --- +/- Morningstar Moderate Target Risk -0.44 4.17 5.81 --- --- --- Standardized Annual Returns %   more on standardized returns Quarter-End (as of 2009-09-30) 17.69 13.60 6.57 --- --- 5.54 Month-End (as of 2009-10-31) 19.02 27.20 6.70 --- --- 5.71 After Tax Returns % (as of 2009-09-30 )   On Distribution --- 24.42 4.41 --- --- --- On Distribution & Sale of Shares --- 17.70 4.34 --- --- --- Morningstar Rating --- --- --- --- --- # of compared funds covered (3 yrs : out of 136 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none. The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.   Portfolio Profile     Sector Breakdown % Information --- Software --- Hardware --- Media --- Telecommunications --- Service --- Healthcare --- Consumer Services --- Business Services --- Financial Services --- Manufacturing --- Consumer Goods --- Industrial Materials --- Energy --- Utilities --- Asset Allocation % of Net Assets Cash 28.6 Stocks 0.0 Bonds 63.6 Other 7.9 Foreign Stocks 0.0 (as a % of Assets) Data through 2009-06-30 Data through 2009-06-30 Holding Status Total Number of Stock Holdings Turnover % 117 Total Number of Bond Holdings 0 30 Day SEC Yield % 3.51 % of Assets in Top 10 Holdings 93.46 ending as of 2009-09-30 View Data Definitions Top 10 Holdings Sector Country % of Net Assets PIMCO Real Return Asset Instl --- United States 21.05 PIMCO Investment Grade Corp Bd Instl --- United States 17.28 PIMCO Total Return Instl --- United States 12.58 PIMCO StocksPLUS TR Short Strat Instl --- United States 9.97 PIMCO Commodity Real Ret Strat Instl --- United States 9.80 PIMCO High Yield Instl --- United States 6.71 PIMCO Long Duration Total Return Instl --- United States 5.39 PIMCO Fundamental Advtg Total Ret Instl --- United States 4.59 PIMCO Floating Income Instl --- United States 3.41 PIMCO Emerging Markets Bond Instl --- United States 2.68 Data through 2009-06-30   Other Information Fund Inception: 2005-07-29 Portfolio Manager  (Start Date) Robert D. Arnott  (2003-10-31) Arnott founded Research Affiliates in 2002 and he currently serves as Chairman. He acted as Editor-in-Chief of the Financial Analysts Journal from 2003 through 2006. Previously, Arnott was chairman of First Quadrant, L.P until April 30, 2004. He first joined First Quadrant in April1998. Sales Charge % (taken from prospectus dated 2009-07-31) Front: None Deferred: None Expense Ratio % 0.75 based on net assets (taken from annual report dated 2009-03-31) Expense Ratio % 1.39 (taken from prospectus dated 2009-07-31) Correspondence Information 2187 Atlantic Street Stamford CT 06902 Stamford,  CT  Telephone: 800-426-0107 Data on this page does not include the fund's short positions (if any). Show Data Definitions © Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold.