State of Michigan 401(k) and 457 Plans

PIMCO Total Return Instl Fund

Manager: Pacific Investment Management Company

Category: Intermediate Term Bond Fund

Objective: Seeks maximum total return, consistent with preservation of capital.

Strategy: Strategy: The Fund invests primarily (at least 65% of assets) in a diversified portfolio of fixed income instruments, including US government securities, corporate bonds, and mortgage-related securities, of varying maturities with a portfolio duration of 3 to 6 years. It may invest up to 20% of assets in securities denominated in foreign currencies.

Fund fact sheet

PIMCO Total Return Fund Prospectus