PIMCO Managed Conservative Bond Pool

The investment objective of the Fund is to achieve maximum total return, consistent withpreservation of capital and prudent investment management. The Fund invests primarily in unitsof other mutual funds managed by PIMCO Canada (called the underlying funds), emphasizingmutual funds that invest in fixed-income securities.Any change to the fundamental investment objectives must be approved by a majority of votescast at a meeting of unitholders called for that purpose. The Fund invests primarily in units of other mutual funds managed by PIMCO Canada, emphasizing mutual funds that invest in fixed-incomesecurities.