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Case Status:    SETTLED
On or around 11/13/2012 (Date of order of final judgment)

Filing Date: February 20, 2004

On April 26, 2011 the Final Order and Judgment was signed.

On April 21, 2010 a Stipulation & Agreement of Settlement was filed

Plaintiffs entered into a Memorandum of Understanding ("MOU") setting forth the principal terms of the settlement with the Allianz Settling Defendants on February 27, 2008.

The class action lawsuit was filed on behalf of purchasers of the securities of the PIMCO family of funds (the "Funds"), seeking to pursue remedies under the Securities Exchange Act of 1934, the Securities Act of 1933 and the Investment Advisers Act of 1940.

The action is pending against defendants Allianz Dresdner Asset Management of America L.P.; Allianz of America; Allianz Dresdner Asset Management of America Holding Inc.; PIMCO Advisors Fund Management LLC; PEA Capital LLC; Cadence Capital Management LLC; NFJ Investment Group L.P.; Nicholas-Applegate Capital Management LLC; RCM Capital Management LLC; PIMCO Funds Multi Manager Series; PIMCO Advisors VIT; Fixed Income Shares; PIMCO Funds; Canary Capital Partners, LLC; Canary Investment Management, LLC; Edward J. Stern; Brean Murray, Inc.; each of the Funds; and John Does 1-100.

The Complaint alleges that defendants violated Sections 11 and 15 of the
Securities Act of 1933; Sections 10(b) and 20(a) of the Securities Exchange Act
of 1934, and Rule 10b-5 promulgated thereunder; and Section 206 of the
Investment Advisers Act of 1940. The Complaint charges that, throughout the
Class Period, the Fund prospectuses failed to disclose that the Canary
Defendants, as defined therein, and the John Doe defendants, were allowed to engage in "timing" of the Funds' securities. Timing is excessive, arbitrage trading undertaken to turn a quick profit and which ordinary investors are told that the funds police. Timing injures ordinary mutual fund investors -- who are not allowed to engage in such practices -- and are acknowledged as an improper practice by the Funds. In return for receiving extra fees from the Canary Defendants and the John Doe Defendants, the Funds allowed and facilitated the privileged investors' timing activities, to the detriment of class members, who paid, dollar for dollar, for the Canary Defendants and John Doe Defendants' improper profits. These practices were undisclosed in the prospectuses of the Funds, which falsely represented that the Funds actively police against.

The Funds, and the symbols for the respective Funds named below, are as follows:

PIMCO All Asset Fund (Sym: PASAX, PASBX, PASCX, PAAIX, PAALX
PIMCO Asset Allocation Fund (Sym: PALAX, PALBX, PALCX)
PIMCO CA Intermediate Muni Bond Fund (Sym: PCMBX, PCIMX)
PIMCO CA Muni Bond Fund (Sym: PCAAX, PICMX)
PIMCO CCM Capital Appreciation Fund (Sym: PCFAX, PFCBX, PFCCX, PAPIX)
PIMCO CCM Mid-Cap Fund (Sym: PFMAX, PFMBX, PFMCX, PGMIX)
PIMCO CommodityRealReturn Strategy Fund (Sym: PCRAX, PCRBX, PCRCX, PCRIX)
PIMCO Diversified Income Fund (Sym: PDVAX, PDVBX, PDICX, PDIIX)
PIMCO Emerging Markets Bond Fund (Sym: PAEMX, PBEMX, PEBCX, PEBIX)
PIMCO Foreign Bond Fund (Sym: PFOAX, PFOBX, PFOCX, PFORX)
PIMCO GNMA Fund (Sym: PAGNX, PGGNX, PCGNX, PDMIX)
PIMCO Global Bond II Fund (Sym: PAIIX, PBIIX, PCIIX, PGBIX)
PIMCO High Yield Fund (Sym: PHDAX, PHDBX, PHDCX, PHIYX)
PIMCO International StocksPlus TR Strategy Fund (Sym: PIPAX, PIPBX, PIPCX)
PIMCO Investment Grade Corporate Bond Fund (Sym: PIGIX)
PIMCO Long-Term U.S.Govt. Fund (Sym: PFGAX, PGGBX, PFGCX, PGOVX)
PIMCO Low Duration Fund (Sym: PTLAX, PTLBX, PTLCX, PLDTX)
PIMCO Low Duration II Fund (Sym: PLDTX)
PIMCO Low Duration III Fund (Sym: PLDIX)
PIMCO Moderate Duration Fund (Sym: PMDRX)
PIMCO Money Market Fund (Sym: PYAXX, PYCXX, PKCXX, PMIXX)
PIMCO Municipal Bond Fund (Sym: PMLAX, PNFBX, PMLCX, PFMIX)
PIMCO NACM Flex-Cap Fund (Sym: PNFAX, PNFBX, PNFCX)
PIMCO NACM Global Fund (Sym: NGBAX, NGBBX, NGBCX)
PIMCO NACM Growth Fund (Sym: NGWAX, NGWBX, NGWCX
PIMCO NACM International Fund (Sym: PILAX, PILBX, PILCX)
PIMCO NACM Pacific Rim Fund (Sym: PPRAX, PPRBX, PPRCX, NAPRX)
PIMCO NACM Value Fund (Sym: PVUAX, PVUBX, PVUCX)
PIMCO NFJ Dividend Value Fund (Sym: PNEAX, PNEBX, PNECX, NFJEX)
PIMCO NFJ Large-Cap Value Fund (Sym: PNBAX, PNBBX, PNBCX)
PIMCO NFJ Small-Cap Value Fund (Sym: PCVAX, PCVBX, PCVCX, PSVIX)
PIMCO NY Muni Bond Fund (Sym: PNYAX)
PIMCO PEA Growth Fund (Sym: PGWAX, PGFBX, PGWCX, PGFIX)
PIMCO PEA Growth and Income Fund (Sym: PGRAX, PGRBX, PGNCX, PMEIX)
PIMCO PEA Innovation Fund (Sym: PIVAX, PIVBX, PIVCX, PIFIX)
PIMCO PEA Opportunity Fund (Sym: POPAX, PQNBX, POPCX, POFIX)
PIMCO PEA Renaissance Fund (Sym: PQNAX, PGNBX, PQNCX, PRNIX)
PIMCO PEA Target Fund (Sym: PTAAX, PTABX, PTACX, PFTIX)
PIMCO PEA Value Fund (Sym: PDLAX, PDLBX, PDLCX, PDLIX)
PIMCO RCM Biotechnology Fund (Sym: RABTX, RBBTX, RCBTX)
PIMCO RCM Global Healthcare Fund (Sym: RAGHX, RBGHX, RCGHX)
PIMCO RCM Global Small-Cap Fund (Sym: RGSAX, RGSBX, RGSCX, DGSCX)
PIMCO RCM Global Technology Fund (Sym: RAGTX, RBGTX, RCGTX, DRGTX)
PIMCO RCM International Growth Equity Fund (Sym: RAIGX, RBIGX, RCIGX,
DRIEX)
PIMCO RCM Large-Cap Growth Fund (Sym: RALGX, RBLGX, RCLGX, DRLCX)
PIMCO RCM Mid-Cap Fund (Sym: RMDAX, RMDBX, RMDCX, DRMCX)
PIMCO RCM Tax-Managed Growth Fund (Sym: PMWAX, PMWBX, PMWCX, DRTIX)
PIMCO Real Return Fund (Sym: PRTNX, PRRBX, PRTCX, PRRIX, PARRX, PRRRX)
PIMCO Real Return Fund (Sym: PRRIX)
PIMCO Real Return II Fund (Sym: PIRRX)
PIMCO Real Estate Real Return Strategy Fund (Sym: PETAX, PETBX, PETCX)
PIMCO Short Duration Municipal Income Fund (Sym: PSDAX, PSDCX, PSDIX)
PIMCO Short-Term Fund (Sym: PSHAX, PTSBX, PFTCX, PTSHX)
PIMCO Stocks PLUS Fund (Sym: PSPAX, PSPBX, PSPCX, PSTKX)
PIMCO Stocks PLUS Total Return Fund (Sym: PTOAX, PTOBX, PSOCX, PSPTX
PIMCO Total Return Fund (Sym: PTTAX, PTTBX, PTTCX, PTTRX)
PIMCO Total Return II Fund (Sym: PMBIX
PIMCO Total Return III Fund (Sym: PTSAX)
PIMCO Total Return Mortgage Fund (Sym: PMRAX, PMRBX, PMRCX, PTRIX)

The case has been transferred to the U.S. District Court for the District of Maryland. Similar cases have been consolidated under Multidistrict Litigation, titled In Re: Mutual Fund Investment Litigation, MDL 1586. On January 14, 2005, the lead plaintiff filed a Consolidated Class Action Complaint, and on February 17, 2006, the lead plaintiff filed a Second Consolidated Class Action Complaint.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Prop. & Casualty)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PCQ
Company Market: ETF
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Maryland
DOCKET #: 04-CV-00807
JUDGE: Hon. Katharine S. Hayden
DATE FILED: 02/20/2004
CLASS PERIOD START: 02/23/1999
CLASS PERIOD END: 02/17/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley Geller Bowman & Rudman (Melville)
    200 Broadhollow Road, Suite 406, Cauley Geller Bowman & Rudman (Melville), NY 11747
    631.367.7100 ·
No Document Title Filing Date
COURT: D. Maryland
DOCKET #: 04-MD-15863
JUDGE: Hon. Katharine S. Hayden
DATE FILED: 02/17/2006
CLASS PERIOD START: 02/23/1999
CLASS PERIOD END: 02/17/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 · IRRep@wolfpopper.com
No Document Title Filing Date
No Document Title Filing Date