0000810893
2026-03-31
2026-03-31
0000810893
pimco:S000039671Member
2026-03-31
2026-03-31
false
2026-03-31
497
0000810893
N-1A
<div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">PIMCO Funds </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">Supplement Dated August 21, 2026, to the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">International Bond Funds Prospectus dated August 1, 2026, as supplemented from time to time (the “Prospectus”), and the Statement of Additional Information dated August 1, 2026, as supplemented from time to time (the “SAI”) </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">Disclosure Related to the PIMCO Emerging Markets Full Spectrum Bond Fund (the “Fund”) </div><div style="margin-top:12pt;margin-bottom:0pt;text-indent:4%;font-size:10pt;font-family:times new roman;text-align:justify;"><span style="font-style:italic">Effective October 20, 2026, PIMCO Emerging Markets Full Spectrum Bond Fund is re‑named PIMCO Emerging Markets Opportunities Fund. Therefore, effective October 20, 2026, all references to PIMCO Emerging Markets Full Spectrum Bond Fund in the Prospectus and SAI are replaced with PIMCO Emerging Markets Opportunities Fund. </span></div><div style="margin-top:12pt;margin-bottom:0pt;text-indent:4%;font-size:10pt;font-family:times new roman;text-align:justify;"><span style="font-style:italic">Effective October 20, 2026, the ninth sentence of the second paragraph of the “Principal Investment Strategies” section of the Fund’s Fund Summary in the Prospectus is deleted and replaced with the following: </span></div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;text-align:justify;">In addition, the Fund may invest in both investment-grade securities and high yield securities (“junk bonds”) rated at least Caa by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by S&P Global Ratings (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality; however, there is no minimum credit rating applicable to the Fund’s investments economically tied to emerging market countries. </div><div style="margin-top:12pt;margin-bottom:0pt;text-indent:4%;font-size:10pt;font-family:times new roman;text-align:justify;"><span style="font-style:italic">Effective October 20, 2026, the first sentence of the third paragraph of the “Principal Investment Strategies” section of the Fund’s Fund Summary in the Prospectus is deleted and replaced with the following: </span></div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;text-align:justify;">The Fund may obtain foreign currency exposure (from non‑U.S. dollar-denominated securities or currencies) without limitation. </div>
<div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">PIMCO Funds </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">Supplement Dated August 21, 2026, to the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">International Bond Funds Prospectus dated August 1, 2026, as supplemented from time to time (the “Prospectus”), and the Statement of Additional Information dated August 1, 2026, as supplemented from time to time (the “SAI”) </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;font-weight:bold;text-align:center;">Disclosure Related to the PIMCO Emerging Markets Full Spectrum Bond Fund (the “Fund”) </div><div style="margin-top:12pt;margin-bottom:0pt;text-indent:4%;font-size:10pt;font-family:times new roman;text-align:justify;"><span style="font-style:italic">Effective October 20, 2026, PIMCO Emerging Markets Full Spectrum Bond Fund is re‑named PIMCO Emerging Markets Opportunities Fund. Therefore, effective October 20, 2026, all references to PIMCO Emerging Markets Full Spectrum Bond Fund in the Prospectus and SAI are replaced with PIMCO Emerging Markets Opportunities Fund. </span></div><div style="margin-top:12pt;margin-bottom:0pt;text-indent:4%;font-size:10pt;font-family:times new roman;text-align:justify;"><span style="font-style:italic">Effective October 20, 2026, the ninth sentence of the second paragraph of the “Principal Investment Strategies” section of the Fund’s Fund Summary in the Prospectus is deleted and replaced with the following: </span></div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;text-align:justify;">In addition, the Fund may invest in both investment-grade securities and high yield securities (“junk bonds”) rated at least Caa by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by S&P Global Ratings (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality; however, there is no minimum credit rating applicable to the Fund’s investments economically tied to emerging market countries. </div><div style="margin-top:12pt;margin-bottom:0pt;text-indent:4%;font-size:10pt;font-family:times new roman;text-align:justify;"><span style="font-style:italic">Effective October 20, 2026, the first sentence of the third paragraph of the “Principal Investment Strategies” section of the Fund’s Fund Summary in the Prospectus is deleted and replaced with the following: </span></div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:times new roman;text-align:justify;">The Fund may obtain foreign currency exposure (from non‑U.S. dollar-denominated securities or currencies) without limitation. </div>
PIMCO Funds
2026-08-01