![]() ![]() The yield does not include long- or short-term capital gains distributions. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The Unsubsidized 30 Day SEC yield excludes contractual expense reimbursements. The Subsidized yield includes contractual expense reimbursements and it would be lower without those reimbursements. The SEC yield is an annualized yield based on the most recent 30 day period. There can be no assurance that a portfolio will achieve any particular level of yield or return and actual results may vary significantly from estimated YTM. Estimated YTM is not a projection or prediction of the actual yield or return that a portfolio may achieve or any other future performance results. Also, estimated YTM is not intended to indicate that a portfolio will actually hold any or all of its portfolio securities to maturity in practice, and various securities may be sold or otherwise disposed of prior to maturity. ![]() A portfolio’s actual yield or distribution rate may be significantly lower than its estimated YTM in practice. The measure does not reflect the deduction of fees and expenses and is not necessarily indicative of the Fund's actual performance. In general, the calculation will incorporate the yield based on the notional value of all derivative instruments held by a Fund. PIMCO pulls each security's YTM from PIMCO's Portfolio Analytics database. PIMCO calculates a Fund's Estimated YTM by averaging the YTM of each security held in the Fund on a market-weighted basis. YTM accounts for the present value of a bond’s future coupon payments. ![]() Yield to Maturity (YTM) is the estimated total return of a bond if held to maturity. ![]()
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