PIMCO CA Sh Dur Municipal Income A

PCDAX

Benchmark	Morningstar Category
Barclays Municipal 3 Yr 2-4 TR USD Barclays Municipal 3 Yr 2-4 TR USD MPT Benchmark Barclays Municipal TR USD Primary Prospectus Benchmark N/A Secondary Prospectus Benchmark N/A Analyst Assigned Benchmark Barclays Municipal 3 Yr 2-4 TR USD Create Custom Benchmark Apply	Muni Single State Short Muni Single State Short Age 0-6 High Equity Age 0-6 Low Equity Age 0-6 Medium Equity Age 13-18 High Equity Age 13-18 Low Equity Age 13-18 Medium Equity Age 19+ High Equity Age 19+ Low Equity Age 19+ Medium Equity Age 7-12 High Equity Age 7-12 Low Equity Age 7-12 Medium Equity Aggressive Allocation Bank Loan Bear Market China Region Commodities Agriculture Commodities Broad Basket Commodities Energy Commodities Industrial Metals Commodities Miscellaneous Commodities Precious Metals Communications Conservative Allocation Consumer Cyclical Consumer Defensive Convertibles Diversified Emerging Mkts Diversified Pacific/Asia Emerging Markets Bond Equity Energy Equity Precious Metals Europe Stock Financial Foreign Large Blend Foreign Large Growth Foreign Large Value Foreign Small/Mid Blend Foreign Small/Mid Growth Foreign Small/Mid Value Global Real Estate Health High Yield Bond High Yield Muni India Equity Industrials Inflation-Protected Bond Intermediate Government Intermediate-Term Bond Japan Stock Large Blend Large Growth Large Value Latin America Stock Leveraged Net Long Long Government Long-Term Bond Long/Short Equity Managed Futures Market Neutral Mid-Cap Blend Mid-Cap Growth Mid-Cap Value Miscellaneous Region Miscellaneous Sector Moderate Allocation Multialternative Multicurrency Multisector Bond Muni California Intermediate Muni California Long Muni Florida Muni Massachusetts Muni Minnesota Muni National Interm Muni National Long Muni National Short Muni New Jersey Muni New York Intermediate Muni New York Long Muni Ohio Muni Pennsylvania Muni Single State Interm Muni Single State Long Muni Single State Short Natural Res Nontraditional Bond Pacific/Asia ex-Japan Stk Real Estate Retirement Income Short Government Short-Term Bond Single Currency Small Blend Small Growth Small Value Stable Value Static Aggressive Allocation Static Conservative Allocation Static Intermediate Bond Static Large Blend Static Large Growth Static Large Value Static Mid-Cap Equity Static Moderate Allocation Static Money Market Static Non US Equity Static Short-Term Bond Static Small-Cap Equity Static US Government Target Date 2000-2010 Target Date 2011-2015 Target Date 2016-2020 Target Date 2021-2025 Target Date 2026-2030 Target Date 2031-2035 Target Date 2036-2040 Target Date 2041-2045 Target Date 2046-2050 Target Date 2051+ Technology Trading-Inverse Commodities Trading-Inverse Debt Trading-Inverse Equity Trading-Leveraged Commodities Trading-Leveraged Debt Trading-Leveraged Equity Trading-Miscellaneous Ultrashort Bond Utilities Volatility World Allocation World Bond World Stock

Benchmark

Morningstar Category

Barclays Municipal 3 Yr 2-4 TR USD

Muni Single State Short

Asset Allocation

PCDAX

Asset Distribution

	Type	% Net	% Short	% Long	Bench- mark	Cat Avg
As of 12/31/2012

	Cash	32.34	0.27	32.61	—	7.05

	US Stock	0.00	0.00	0.00	—	0.05

	Non US Stock	0.00	0.00	0.00	—	0.00

	Bond	67.66	0.00	67.66	—	92.90

	Other	0.00	0.00	0.00	—	0.00

Style Details

PCDAX

Fixed-Income Style

Fixed-Income Style History
Year	Style	% Bonds
As of 03/31/2010

2012	—	67.66

2011	—	71.09

2010	—	85.27

2009		92.05

2008		92.89

Bond Statistics
Detail	Value
As of 03/31/2010, *As of 12/31/2012

Average Effective Duration (Years)*	1.39

Average Effective Maturity (Years)*	1.48

Average Credit Quality	Not Rated

Average Weighted Coupon*	3.88

Average Weighted Price*	106.16

Credit Quality
Type	% Bonds	Benchmark	Category Avg

AAA	—	—	15.97

AA	—	—	46.40

A	—	—	22.40

BBB	—	—	10.92

BB	—	—	0.55

B	—	—	0.18

Below B	—	—	0.02

Not Rated	—	—	3.55

As of 03/31/2010 Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

PCDAX

Fixed-Income Sectors
Type		% Bonds	Benchmark	Category Avg

	Government	0.00	—	0.00


	Corporate	0.00	—	0.30


	Securitized	0.00	—	0.02


	Municipal	67.48	—	92.62


	Cash & Equivalents	32.52	—	7.06


	Other	0.00	—	0.00

As of 12/31/2012 Sector data is calculated only using the long position holdings of the portfolio.

Coupon Range
Type	% Bonds	Benchmark	Category Avg

0% PIK	2.54	—	5.23

0% to 4%	43.01	—	5.20

4% to 6%	50.73	—	79.05

6% to 8%	3.71	—	10.52

8% to 10%	0.00	—	0.00

10% to 12%	0.00	—	0.00

More than 12%	0.00	—	0.00

As of 12/31/2012 Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

PCDAX

	% Bonds	Benchmark	Category Avg

United States	100.00	—	100.00


As of 12/31/2012 Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

PCDAX

	% Bonds	Benchmark	Category Avg

1 to 3 Years	42.77	—	8.34

3 to 5 Years	25.79	—	12.15

5 to 7 Years	5.73	—	11.37

7 to 10 Years	0.12	—	18.35

10 to 15 Years	4.61	—	21.60

15 to 20 Years	5.93	—	18.01

20 to 30 Years	8.80	—	9.08

Over 30 Years	6.26	—	1.10


As of 12/31/2012

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PIMCO CA Sh Dur Municipal Income A

Summary

Holdings

Premium Details

Create Custom Benchmark

Asset Allocation

PCDAX

Style Details

PCDAX

Sector Weightings

PCDAX

Top 10 Country Breakdown

PCDAX

Bond Maturity Breakdown

PCDAX