PIMCO Total Return II Fund

The fund typically allocates a minimum of 65% of its total capital to a diverse range of debt instruments with various maturity dates. These fixed-income holdings can be acquired directly or represented through the use of derivative contracts, such as forwards, options, futures agreements, or swap transactions. The fund also has the flexibility to invest without any upper limits in a broader spectrum of derivative instruments (including options, futures contracts, and swap agreements), as well as in securities backed by mortgages or other assets. Additionally, up to 10% of the fund's overall portfolio may be allocated to preferred securities.