Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print PIMCO VIT Global Bond Opps UnH Instl Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 168 Global Bond Funds Morningstar® Style Box™ What is this? As of 2023-12-31 Total Fund Assets ($ Mil) 124.45 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in Fixed Income Instruments that are economically tied to at least three countries (one of which may be the United States), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.

Morningstar Category: Global Bond Global bond portfolios typically invest 40% or more of their assets in fixed-income instruments issued outside of the U.S. These portfolios invest primarily in investment-grade rated issues, but their strategies can vary. Some follow a conservative approach, sticking with high-quality bonds from developed markets. Others are more adventurous, owning some lower-quality bonds from developed or emerging markets. Some portfolios invest exclusively outside the U.S., while others invest in both U.S. and non-U.S. bonds. Many consistently maintain significant allocations to non-U.S. dollar currencies, while others have the flexibility to make sizeable adjustments between their U.S. dollar and non-U.S. currency exposures.

Investment Risks There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 0.0 Non-U.S. Stocks 0.0 Bonds 129.4 Cash -29.4 Other 0.0 Total 100.0 Data through 2023-12-31 Morningstar Fixed-Income Sectors % Fund Government 49.41 Corporate 1.34 Securitized 9.80 Municipal 0.02 Cash & Equivalents 24.80 Derivative 14.63 Data through 2023-12-31 Credit Analysis % Bonds AAA 53.30 AA 8.74 A 11.49 BBB 21.89 BB 0.94 B 1.27 Below B 2.37 Not Rated 0.00 Data through 2023-12-31 Holding Status Total Number of Stock Holdings 0 Total Number of Bond Holdings 498 % of Net Assets in Top 10 Holdings 62.16 Turnover % (as of 2023-12-31) 653.00 30 Day SEC Yield % 4.02 Top Holdings Maturity Date Shares Value $000 % of Net Assets Federal National Mortgage Association 2% 2054-01-16 14,300 -11,695 9.20 5 Year Treasury Note Future Mar 24 2024-03-29 --- -10,333 8.13 Federal National Mortgage Association 5.5% 2054-02-13 9,200 9,250 7.28 Long Gilt Future Mar 24 2024-03-27 --- -8,637 6.79 Euro OAT Future Mar 24 2024-03-08 --- -8,426 6.63 Federal National Mortgage Association 6.5% 2054-02-13 6,600 6,764 5.32 Future on 10 Year Japanese Government Bond 2024-03-14 --- -6,244 4.91 Euro Bobl Future Mar 24 2024-03-08 --- -5,929 4.66 Pimco Fds 2024-02-11 606 5,894 4.64 Federal National Mortgage Association 5% 2054-01-16 5,900 5,844 4.60 Data through 2023-12-31

Principal Risks    Short Sale, Credit and Counterparty, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Leverage, Sovereign Debt, Management, Structured Products Show Risk Definitions

Other Information Inception Date: 2006-01-31 Portfolio Manager(s) Andrew Thomas Balls   (2014-09-26) Mr. Balls is PIMCO's CIO Global Fixed Income. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global portfolios and is a member of the Investment Committee. Previously, he oversaw European portfolio management, and was a global portfolio manager in the Newport Beach office and the firm’s global strategist. Lorenzo Pagani   (2014-09-26) Dr. Pagani is a managing director and portfolio manager in the London office. He leads the European rates desk and is a member of the global bond and real return portfolio management teams, and is responsible for European and UK liability-driven investing (LDI) portfolio management. Additionally, he is a member of the European portfolio committee, the counterparty risk committee, and the best execution committee. He also serves as lead of talent management for portfolio management outside of the U.S. Dr. Pagani is also a director of PIMCO Europe Ltd. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He has 21 years of investment experience and holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France. Sachin Gupta   (2014-09-26) Mr. Gupta is a managing director in the Newport Beach office, global portfolio manager, and leader of the global desk. He is an advisory member of the Asia-Pacific portfolio committee and has previously served on the Investment Committee, the emerging markets portfolio committee, and European portfolio committee. Previously at PIMCO, he was in the London office managing European liability-driven investment (LDI) portfolios, and in the Singapore office on the global portfolio management team. Investment Advisor(s) Pacific Investment Management Company, LLC Issuer PIMCO Subadvisor(s) ---

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