The investment seeks maximum real return consistent with prudent investment management The fund invests at least 80 of its net assets in inflationindexed bonds of varying maturities issued by the US and nonUS governments their agencies or instrumentalities and corporations Assets not invested in inflationindexed bonds may be invested in other types of Fixed Income Instruments It invests primarily in investment grade securities but may invest up to 20 of its total assets in junk bonds rated B or higher by Moody39s or equivalently rated by SP or Fitch or if unrated determined by PIMCO to be of comparable quality