Fund Description: PIMCO Dynamic Income Fund is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The PIMCO Dynamic Income Fund seeks current income as a primary objective and capital appreciation as a secondary objective. FUND STRATEGY: The Fund will invest in fixed-income securities and related instruments of any type and credit quality worldwide and will seek to achieve its investment objectives to produce total return for shareholders by utilizing a dynamic asset allocation strategy among multiple fixed-income sectors, including below investment-grade, mortgage-related and any other asset-backed securities, government and sovereign debt, corporate debt (including fixed- and floating-rate bonds, bank loans and convertible securities), taxable municipal bonds and other income-producing securities of U.S. and foreign issuers, including emerging market issuers. The Fund will be managed according to strategies that focus on credit quality, duration management and other risk management techniques. On behalf of the Fund, Pacific Investment Management Company LLC, the Fund’s sub-adviser (PIMCO), employs an active approach to allocation among multiple fixed-income sectors based on, among other things, market conditions, valuation assessments and economic outlook, credit market trends and other economic factors. FUND MANAGEMENT: Allianz Global Investors Fund Management LLC serves as the Fund's investment manager, and the sub-adviser is Pacific Investment Management Company LLC (PIMCO).