4. Income Tax Information
5. Legal Proceedings
6. Corporate Changes:
April 30, 2007 (unaudited)
Fixed Income SHares—Series C, H, M, R Notes to Financial Statements
The cost of investments for federal income tax purposes and gross unrealized appreciation and gross unrealized depreciation
of investments at April 30, 2007 were:
Cost of Investments
Gross
Unrealized
Appreciation
Gross
Unrealized
Depreciation
Net Unrealized
Appreciation
(Depreciation)
Series C
$
1,616,720,558 $
23,124,617 $
11,925,248 $
11,199,369
Series H
3,793,635
11,555
—
11,555
Series M
2,983,076,674
11,119,764
7,013,771
4,105,993
Series R
224,711,855
1,181,993
2,191,177
(1,009,184)
In June and September 2004, the Investment Manager, certain of its affiliates (including Allianz Global Investors Distributors
LLC and PEA Capital LLC) and Allianz Global, agreed to settle, without admitting or denying the allegations, claims brought by
the Securities and Exchange Commission (the ‘‘Commission’’), the New Jersey Attorney General and the California Attorney
General alleging violations of federal and state securities laws with respect to certain open-end funds for which the
Investment Manager serves as investment adviser. Two settlements (with the Commission and New Jersey) related to an
alleged ‘‘market timing’’ arrangement in certain open-end funds sub-advised by PEA Capital LLC. Two settlements (with the
Commission and California) related to the alleged use of cash and fund portfolio commissions to finance ‘‘shelf-space’’
arrangements with broker-dealers for open-end funds. The Investment Manager and its affiliates agreed to pay a total of $68
million to settle the claims related to market timing and $20.6 million to settle the claims related to shelf space. In addition to
monetary payments, the settling parties agreed to undertake certain corporate governance, compliance and disclosure
reforms related to market timing,