The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PTOAXs performance objective and investment process is for both security selection and portfolio construction.

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The People Pillar is our evaluation of the PTOAX management teams experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

2020,allowing for more consistent cost comparisons across funds.USDNAV as of Nov 13,Get our overall rating based on a fundamental assessment of the pillars below.Pimco StocksPLUS Absolute Return has a seasoned lead manager and employs a unique structure that capitalizes on Pimcos strong bond investing capabilities. The three cheapest share classes retain their Morningstar Analyst Ratings of Bronze. The more expensive shares fall to Neutral.The Morningstar Analysis section contains a thorough evaluation of an investments merits and drawbacks and often discusses the most important or decisive factors leading to the funds overall rating.The Parent Pillar is our rating of PTOAXs parent organizations priorities and whether theyre in line with investors interests.Adjusted Expense Ratio excludes certain variable investment-related expenses,such as interest from borrowings and dividends on borrowed securities,20201-Day Return as of Nov 13,11:56 PM GMT+00:00

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