As one of the world’s largest active fixed income investment managers, we aim to play a crucial role in financing a sustainable future, and we take that responsibility very seriously. Transitioning the global economy to a net-zero emissions future will require trillions of dollars of investment. We believe that the global bond market, almost double the size of the equity market, and its investors will be essential in meeting such an ambitious goal. The COVID-19 pandemic has elevated the importance of sustainable investing and corporate sustainability, and we firmly believe that healthy societies and healthy markets go hand-in-hand. People, communities, and economies will not be able to thrive if the world does not address threats such as environmental devastation, health scourges, and social inequities and imbalances. This makes working toward the Sustainable Development Goals (SDGs), and a sustainable future, more important than ever. At PIMCO, we remain a proud signatory of the UN Global Compact and its ten principles, focusing on human rights, labor standards, the environment, and anti-corruption. Embedding these principles into PIMCO’s strategy is essential to our high-performance culture – enabling us to deliver the best results for our clients, communities, and colleagues worldwide. By leveraging our existing and long-standing relationships with bond issuers around the globe, we aim to find new opportunities for our clients, influence positive changes via active engagement, and support the sustainable bond markets’ growth to benefit all stakeholders. Download the full PIMCO 2020 Corporate Responsibility report here. Disclosures London PIMCO Europe Ltd 11 Baker Street London W1U 3AH, England +44 (0) 20 3640 1000 Milan PIMCO Europe Ltd - Italy Corso Matteotti 8 20121 Milan, Italy +39 02 9475 5400 Munich PIMCO Deutschland GmbH Seidlstraße 24-24a 80335 Munich, Germany +49 (0) 89 26209 6000 Zurich PIMCO (Schweiz) GmbH Brandschenkestrasse 41 8002 Zurich, Switzerland Tel: + 41 44 512 49 10 PIMCO Europe Ltd (Company No. 2604517) and PIMCO Europe Ltd - Italy (Company No. 07533910969) are authorised and regulated by the Financial Conduct Authority (25 The North Colonnade, Canary Wharf, London E14 5HS) in the UK. The Italy branch is additionally regulated by the CONSOB in accordance with Article 27 of the Italian Consolidated Financial Act. PIMCO Europe Ltd services and products are available only to professional clients as defined in the Financial Conduct Authority’s Handbook and are not available to individual investors, who should not rely on this communication. | PIMCO Deutschland GmbH (Company No. 192083, Seidlstr. 24-24a, 80335 Munich, Germany) and PIMCO Deutschland GmbH Swedish Branch (SCRO Reg. No. 516410-9190) are authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) (Marie- Curie-Str. 24-28, 60439 Frankfurt am Main) in Germany in accordance with Section 32 of the German Banking Act (KWG). The Swedish Branch is additionally supervised by the Swedish Financial Supervisory Authority (Finansinspektionen) in accordance with Chapter 25 Sections 12-14 of the Swedish Securities Markets Act. he services provided by PIMCO Deutschland GmbH are available only to professional clients as defined in Section 31a para. 2 German Securities Trading Act (WpHG). They are not available to individual investors, who should not rely on this communication. | PIMCO (Schweiz) GmbH (registered in Switzerland, Company No. CH-020.4.038.582-2), Brandschenkestrasse 41, 8002 Zurich, Switzerland, Tel: + 41 44 512 49 10. The services and products provided by PIMCO (Schweiz) GmbH are not available to individual investors, who should not rely on this communication but contact their financial adviser. All investments contain risk and may lose value. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2021, PIMCO.