Fund Description: PIMCO Dynamic Income Opportunities Fund , is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: PIMCO Dynamic Income Opportunities Fund seeks current income as a primary objective and capital appreciation as a secondary objective. The Fund will terminate on 01/26/2033 unless the Board and 75% of the Continuing Trustees vote to extend the duration of the fund (see prospectus for more details). <p> FUND STRATEGY: In pursuing its investment objective, the Fund invests primarily in debt issued by various U.S. and foreign (non-U.S.) corporate and other issuers, and other asset-backed instruments issued by government agencies or other governmental entities or by private originators or issuers. The Fund may invest without limitation in securities of U.S. issuers. The Fund may invest without limitation in securities of foreign (non-U.S.) issuers (subject to the "emerging market" issuers limitation listed below), securities traded principally outside of the United States and securities denominated in currencies other than the U.S. dollar. The Fund may invest up to 30% of its total assets in securities and instruments that are economically tied to “emerging market” countries; however, the Fund may invest without limitation in short-term investment grade sovereign debt issued by emerging market issuers. The Fund will normally invest at least 25% of its total assets (i.e., concentrate) in mortgage-related assets issued by government agencies or other governmental entities or by private originators or issuers. The Fund may use leverage. <p> FUND MANAGEMENT: The investment adviser to the Fund is Pacific Investment Management Company LLC