Company Press Release

NEWPORT BEACH, CA--(Marketwire - June 02, 2009) - PIMCO, a leading investment management firm, has launched PIMCO ETFs, a new Exchange Traded Fund (ETF) platform that gives investors an additional way to tap into the firm's four decades of investment experience. The first ETF offering on this platform is the PIMCO 1-3 Year U.S. Treasury Index Fund, a short-duration bond portfolio for investors that are focused on relatively stable principal value and avoiding credit risk.

"PIMCO's new ETF platform provides investors with broader access to investment management services," said Mohamed A. El-Erian, PIMCO's Chief Executive Officer and Co-Chief Investment Officer. "By launching our first ETF today, PIMCO is diversifying the range of products that we offer to both long-standing and new clients around the world."

The PIMCO ETFs platform will benefit from the same investment expertise and discipline that are the foundation of PIMCO's portfolio management process, including:

-- Deep investment experience and world-class portfolio management
-- A sophisticated approach to constructing desired market and portfolio exposures
-- Strong risk management at both the security level and the portfolio level
-- Exceptional trade execution capabilities
TUZ: A Portfolio Building Block Covering the "Two's" Bellwether Rate

PIMCO's first ETF offering, with the ticker symbol TUZ, is designed to track the Merrill Lynch 1-3 Year U.S. Treasury Index(1). This fund primarily invests in U.S. Treasury Securities, which are backed by the full faith and credit of the U.S. government. With maturities ranging from one to three years, price fluctuations may be low relative to longer-dated bonds, yet yields may be generally higher than shorter-term instruments such as Treasury bills or government money market funds.

More information on PIMCO's ETF business, along with data on the PIMCO 1-3 Year U.S. Treasury Index Fund, can be found at www.pimcoetfs.com.

About PIMCO
PIMCO, founded in 1971, is a global asset management firm that manages investments for an array of clients, including retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal and union pension and retirement plans whose beneficiaries come from all walks of life, from educators to healthcare workers to public safety employees. We have a substantial individual investor client base, and work in partnership with financial intermediaries such as Registered Investment Advisors, broker/dealers, trust banks and insurance companies. We are also advisors and asset managers to central banks, corporations, universities, foundations and endowments. With offices in North America, Europe, Asia and Australia, we manage investments across a full spectrum of global financial markets. PIMCO is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company.


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