2023
Inclusionand Diversity
Annual Report

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTContents

Key Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

Key Achievements in 2023

5

Our Overall I&D Journey

6

Encouraging Diverse Perspectives

9

Advancing I&D in our Investment Process

9Championing Different Points of View

10

Driving Inclusive Leadership

11

Investing in the Growth of Talent

11

Cultivating a pipeline of diverse talent

12

Unlocking the Power of Diversity

12

Supporting Successful Career Journeys

13

Investing in Connection

14

Elevating Connectivity

14

Mentoring Relationships

14

Cultivating Belonging

15

Celebrating Our Identities

16

Promoting Employee Wellbeing

19

Expanding Our Roadmap

20

Driving Impact in our communities

20

Partnering Across the Industry

20

Supporting Financial Advisors

22

Fostering Industry Talent

22

Engaging with Our Communities

23

Honored by Recognition

24

The Road Ahead

The Road Ahead

26

2

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTA Message
from
EmmanuelRoman
and Daniel
Ivascyn

Key Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

At PIMCO, we are driven by our core mission to

In 2023, we have taken further steps to enhance ourdeliver superior investment returns, solutions, andEmployee Resource Group governance, elevating

service to our clients. But our commitment goessenior leadership accountability and empowering

beyond financial success. We believe in delivering a

grassroots initiatives within our organization.

return on trust – going above and beyond to serve

We understand that diverse perspectives drive

our clients’ best interests, guided not just by rules,

innovation and excellence, and we are committed

but by responsibilities. It is this commitment that has

to creating an environment where everyone feels

led us to prioritize inclusion and diversity (I&D) as

valued, respected, and empowered to contribute theirintegral components of our organization.

unique talents and perspectives.

This third Inclusion and Diversity report represents

We believe in transparency and accountability.

our continued dedication to openness and theWe hope this report highlights our commitment

advancement of inclusion and diversity at PIMCO,

and progress through our inclusion and diversity

and across our industry. We recognize that fostering

programs and achievements to our clients,

an inclusive and diverse environment is not only theemployees, and all other stakeholders.

right thing to do, but it also strengthens our work, ourculture, and who we are as a team.

We are excited to continue our journey toward
greater inclusion and diversity; this not only benefits

We firmly believe that our leadership’s commitment

our investment process and clients, but also ourto uphold and encourage diversity of thought is key

colleagues, candidates, and the broader industry.

to our success as an organization. To demonstrate

Together, we can create a more inclusive and diverse

this, we have made significant progress through our

future for our industry.

Managing Director I&D Advisory Council, working in
partnership with the Executive Committee and the
Global Head of I&D, to govern and advance PIMCO’s
inclusion and diversity strategies.

Emmanuel Roman
Chief Executive Officer

Daniel Ivascyn
Chief Investment Officer

The Road Ahead

3

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Reflection from Sabrin Chowdhury

Our Overall I&D Journey

Expanding Our Roadmap

Encourage Diverse Perspectives

The Road Ahead

Cultivate a Pipeline of Diverse Talent

At PIMCO, we understand that diversity alone is not enough; true progress lies in creating

Great ideas and innovative solutions

an environment that encourages diverse perspectives to thrive. By prioritizing strategies

emerge when teams look at

pipeline of diverse talent atthat provide equal opportunities for all employees, we can enhance collaboration,

opportunities from every

PIMCO and within the asset

communication, engagement, and ultimately improve organizational performance andangle. This has been

employee satisfaction. In the following report, you will find numerous examples of ourthe core of ourinclusion and connectivity programs, including the impactful activities of our Employee

approach for

Resource Groups.

50+ years.

We’re invested in cultivating themanagement industry
more broadly.

In 2023, collaboration and partnerships have continued to play a significant role in driving
change and creating inclusive workplaces. We have reinforced our partnerships withexternal organizations to gain insights, share best practices, and implement effective
diversity and inclusion strategies. Through conferences, research, and other collaborative
efforts, we aim to advance inclusion and diversity in our industry.
As we continue to navigate the ever-changing landscape, we remain focused on reinforcing our commitment to fostering
an inclusive culture. In this report, we will delve into the four pillars that guide our I&D efforts at PIMCO: encouraging diverse

4
Drive Impact
in OurCommunities

perspectives, cultivating a pipeline of diverse talent, investing in connection, and driving impact in our communities. These pillars

By donating ourserve as the foundation for our strategic achievements, which we are proud to share with you.

resources, time and talents,

I would like to take this opportunity to express my gratitude to all of our employees, partner organizations, the MD I&D Advisory
Council, and countless other stakeholders for their leadership and contributions to our inclusion and diversity strategies.
Together, we can continue to create an environment that celebrates and empowers diverse perspectives which creates the best
results for our teams, our clients, and our communities.

Sabrin Chowdhury
Global Head of Inclusion and Diversity

we combat challenges facing
the communities where wework, and beyond.

Invest inConnection
We invest inconnection because
we know that bringing together
unique points of view results inbetter decisions, creative solutions
and improved outcomes.

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

Key Achievements In 2023
ENCOURAGING DIVERSE PERSPECTIVES120

CULTIVATING A PIPELINEOF DIVERSE TALENT115+

G L O B A L S E N I O R L E A D E R S PA R T I C I PAT E D I N I & D T E A C H - I N S

15+COMPLE TED “INTERVIE WING BEST PR ACTICES” TR AINING

55.5k

+

+

INTERNAL SPEAKER SERIES EVENTSAT T E N D E D B Y O V E R 20 0 0 E M P L O Y E E S

T O TA L I N T E R N S H I P A P P L I C AT I O N SDRIVING IMPACT IN OUR COMMUNITIES

~2.5k
+
14.5k
PIMCO COLLE AGU ES VOLU NTEEREDHOURS IN OUR COMMUNITIES150
R O U N D TA B L E S

Source: PIMCO, based on data as of December 31, 2023

INVESTING IN CONNECTION

+

150

+

S O C I A L E V E N T S I N 18 O F F I C E S

1.4k

+

PA R T I C I PA N T S I N P I M C O W O M E N S U M M I T~$9.1mD O N AT E D T O M O R E T H A N 65 C H A R I T I E S I N
41 C O U N T R I E S

5PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

Our Overall I&D Journey
Recruiting, Developing, and Engaging Talent at PIMCO
DIVERSITY AT PIMCO

We are committed to creating an environment where everyone, from any background, can do their best work.
This commitment is focused on leveraging the richness of ideas, backgrounds, and perspectives to propel thequality of our work and make us a stronger organization.
This snapshot of our workforce includes information about the representation of different countries, genders,ethnicities, and other demographic groups at PIMCO. However, we understand that numbers alone cannot tell thefull story and they do not capture the lived experiences of our employees. In the pages ahead, we share stories

23

19

locationsand insights that give a more holistic view of diversity and inclusion at PIMCO.

countries

79

nationalities

58
languages

6
WOMEN AT PIMCO (% of women across regions at PIMCO)
%

39

20

27%

30

40
10

25%

0

Total

Senior Officers

Total

Source: PIMCO, based on data as of December 31, 2023 gathered consistent with EEOC guidelines. Excludes AAM and PPRE employees.
Senior Officers: Employees with officer titles of Senior Vice President and above. Data as of January 1, 2024 to reflect year end promotions.

Senior Officers

Total

49%

APAC

50

Globally

37%

EMEA

Americas

%
39

%
38

27%

Senior Officers

Senior Officers
Total

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

WOMEN AT PIMCO (% of women across departments at PIMCO)

44%

45%

Business
Management

30%
Client Facing

17%

Portfolio
Management

48%

Business
Management

2010

26%

Business
Management

2016

Client Facing

17%

Portfolio
Management

Source: PIMCO, based on data as of December 31, 2010, 2016 and 2023 gathered consistent with EEOC guidelines. Excludes AAM and PPRE employees. 2010 and 2016 data varies in scope of collection due to historical collection considerations.

32%
Client Facing

22%

Portfolio
Management

2023

7

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

U.S. MINORITIES AND HISTORICALLY UNDERREPRESENTED MINORITIES (HURM) AT PIMCO(% minorities across departments at PIMCO)

49%

%
35

6%

5%

6%

%

2023

U.S. HURM

Business Management

U.S. Minorities

Client Facing

U.S. HURM

U.S. Minorities

U.S. HURM

Portfolio Management

U.S.

53%

51%

U.S. Minorities

2016

42%

2010

15%

10
%

10

38

%

%

37

2%

19%

40

%

%

37

%
1
1

16%

22%

29%

U.S. Minorities
U.S. Minority
Senior Officers
U.S. HURM

Source: PIMCO, based on data as of December 31, 2010, 2016 and 2023 gathered consistent with EEOC guidelines. Excludes AAM and PPRE employees. 2010 and 2016 data varies in scope of collection due to historical collection considerations. These numbers reflect our U.S. population only due to varying data collection considerations of this type of data in other regions.
U.S. Minorities: African American or Black, Hispanic and Latino/a/x, Native American or Alaska Native, Native Hawaiian or Other Pacific Islander, Asian, or Two or more races.
U.S. Historically Underrepresented Minorities: African American or Black, Hispanic and Latino/a/x, American Indian or Alaska Native, Native Hawaiian or Other Pacific Islander.
Senior Officers: Employees with officer titles of Senior Vice President and above. Data as of January 1 2011, 2017 and 2024 to reflect year end promotions.

8

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORT

Encouraging Diverse
Perspectives – Expanding
Our Horizons
Our unique investment process relies on diverse perspectives. We know that
great ideas and innovative solutions for our clients emerge when teams approach
problems and solutions from different lenses.

Key Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

ADVANCING I&D IN OUR INVESTMENT PROCESS
Honed over five decades, our investment process has helped millions of investors manage risks and pursue returns over meaningfultime periods. PIMCO’s process is more than any one person – it is a reflection of our best ideas from our global teams.
PIMCO has long believed that encouraging different points of view is critical to long-term success. One way we do this is byinviting external experts to share their insights and help us test our thinking. These experts include the members of our Global
Advisory Board, as well as outside advisors and forum speakers.
We believe that performance starts with preparation. Using exhaustive research and analysis, we continuously evaluate the world’schanging risks and opportunities, with the aim of building forward-looking solutions to meet our clients’ evolving needs.

Through our long-term, collaborative partnershipwith the Roman Family Center for Decision Research(CDR) at The University of Chicago Booth Schoolof Business, we advanced the PIMCO Decision
Research Laboratories and strengthened Mindworks,

118

12,217

Studies run

Unique participantsa behavioral science research and discovery center, indowntown Chicago – the first of its kind.
The PIMCO Decision Research Labs enable
academics to conduct high-quality behavioral science

32,350Study sessions

experiments to better understand how people form
judgments and make decisions.
PIMCO’s commitment to supporting high-quality,
cutting edge research not only benefits the field of
behavioral science, but also generates intellectual90

CDR faculty & researchers served

capital that can have positive outcomes in our
industry, for our clients, and in our day-to-day lives.

Source: Data refers to Fiscal Year 2023 (July 1, 2022 through June 30, 2023). Roman Family Center for Decision Research,
Annual Report, December 2023.

9

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

CHAMPIONING DIFFERENT POINTS OF VIEW
I&D is part of who we are and integral to the way we do business and serve our clients.
We seek to embed I&D in everything we do through the combined efforts of various
stakeholders, including global business functions, human resources business partners,
global functional partners and client facing strategic partners.
PIMCO’s I&D Ambassadors Board consists of employees across regions, titles, businessgroups, and demographics who raised their hand to proactively disseminate and support
I&D strategies.

10

Being an I&D Ambassador has been an enriching experience.
As a representative of the EMEA region and the compliancefunction, it has been fantastic to hear all the different
perspectives, as well as bringing my own to our discussions.
– Sunny Kohli, Senior Vice President and Compliance Officer,
I&D Ambassadors Board Member

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

DRIVING INCLUSIVE LEADERSHIPINVESTING IN THE GROWTH OF TALENT

We understand that encouraging different points of view is critical to our success and that of our employees, which is why

Inclusion and diversity at PIMCO extend beyond training programs and training, it

personal and professional development continues throughout career journeys at PIMCO. Inclusive leadership underpins ourpermeates every facet of our talent development strategy.

commitment to sustainable growth and a high-performance culture:••

Our Executive Vice President (EVP) Leadership programs have supported 200+ EVPs across 19 locations tofor development and advancement, and plan to continue investing in anddevelop leadership skills focused on psychological safety, empowerment, and inclusive decision making. The structured

refining technology-enabled tools for our employees going forward. In 2023,

programs engage participants in peer learning, and help build and apply skills on the job. To date, 75% of current EVPs

we launched Perry, a chat bot that uses AI and a deep knowledge of PIMCO’s

have completed the programs.

performance expectations to support employees through performance andIn 2023, we launched the second Managing Director Development Series. This program provides recently promoted
managing directors with support and high-quality insights on managing both the business and the people. Participants
engage in self-insights coaching, peer discussions, and mentoring focused on managing transitions, divergent thinking,and creating conditions for success through psychological safety.

•

Our Managing Directors I&D Advisory Council Leadership Teach-Ins are interactive small group workshops that
focus on effectively advancing I&D with our clients and colleagues, and building inclusive leadership skills with ourpeople leaders and managers. In 2023 we expanded this program to new businesses within PIMCO.

•

We strive to create a workplace where all employees have equal opportunities

We designed a new manager toolkit to provide new managers at PIMCO with the resources and guidance theyneed for effective leadership. The toolkit covers essential topics and equips new managers with the skills to leaddiverse teams, foster an inclusive work environment, and drive impactful leadership through inclusive goal-setting,career conversations. By providing all employees with access to Perry, we aim
to ensure that everyone has the support they need to navigate their careers at
PIMCO effectively.
Annually, our firm-wide promotion criteria form the foundation of our process
to support the transparent, consistent and objective evaluation of promotion
candidates. Out of 166 officer level promotions in 2023, there were:

18

Nationalities
represented

19

Languages withproficiency

165

Universities
represented

open-mindedness, and by providing development opportunities.
•

In 2023, we launched the third PIMCO Elevate program in APAC, a six-month development program designed to enable
and empower the next generation of women leaders to advance their careers.

Source: PIMCO, based on data as of December 31, 2023.

Source: PIMCO, based on data as of December 31, 2023. Nationality only represents primary nationality reported. Languages include speaking,reading, and/or writing proficiency at any reported level. Universities represented include both undergraduate and post-graduate programs

11

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

Cultivating a pipeline of diverse talent –Our Journey is Enhanced With Diverse Perspectives
UNLOCKING THE POWER OF DIVERSITYThis year, we continued to invest in new tools, skills, and partnerships to enhance our outreach and maintain bias mitigation in recruiting.

TOOLSSKILLSPARTNERS

We continue to leverage technology
to cultivate a diverse pipeline oftalent. In 2023 we adopted HireVue,a video-interviewing platform,
allowing us to engage a broader
population in a meaningful way.
We also launched Beamery, acandidate relationship management
platform which supports our ability
to remain connected with over
270,000 candidate profiles. We
have marketed job opportunities
on platforms including eFinancials
and on our partners’ job boards(e.g. LGBT Great and 100 Womenin Finance). These platforms andsystems support our continued
focus on broadening our reach andensuring a wide range of candidates
have access to our opportunities.

We designed “Interviewing Best Practices” training to help interviewers
develop the skills to conduct effective, structured, and compliant
interviews, and also incorporate inclusion and diversity considerations
into interviewing best practices.

We partner with more than 10 recruitingorganizations to attract top talent and raiseawareness about the finance industry. In this way,
students can see themselves represented in an
historically less-accessible industry.

Source: PIMCO, based on data as of December 31, 2023

115+

Interviewers completed training

In 2023 we continued to increase our outreach byactively participating in industry initiatives suchas Our for Undergrad (O4U), a conference series
for high-potential LGBT+ undergraduate students,
or EUROUT, Europe’s leading LGBTQ+ business
conference for graduate students and alumni fromtop business schools as well as professionals.
In collaboration with the Diversity Project in the UK,
we have participated in the Skills Workshop. Thisis a program open to all and designed to increasesocial mobility by addressing the intersectionality
between ethnicity, gender, social mobility and otherdimensions of diversity.

12

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTSUPPORTING
SUCCESSFUL CAREER
JOURNEYS
At PIMCO, we are committed
to providing our interns witha strong start as they embark
on their professional journeys.
Our internships are more thanjust work experience; they are aplatform for new and emerging
talent to grow and thrive in acollaborative and opportunityrich environment.
In 2023, we continued to enhance
our program by integrating our
Employee Resource Groups(ERGs) into the experience. Our
ERGs actively engaged with
our interns through a varietyof activities, including careerdevelopment roundtables andsocial events.

Key Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

2023 Global Summer Intern Class

The PIMCO Multicultural
Trivia event not only
provided a fun andengaging platform forinterns to connect,
but also served as anopportunity to learn. Wetake pride in creatinga supportive andinspirational environmentsfor our interns.
– Mirna Elaasar, Senior Associate,
Internal Sales, PIMCO
Multicultural Associate Chair

55,523applications

Source: PIMCO, based on data as of December 31, 2023.

208

summer interns

113

universities

13

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Investing in Connection –an All-Inclusive Itinerary for
Better Outcomes
ELEVATING CONNECTIVITY
Through our firm-wide employee engagement
surveys, we have seen continued increases inboth the sense of accomplishment employees
get from their work, as well as the available
opportunities for employees to connect with
one another at PIMCO.
In an effort to continuously invest in theseimportant employee engagement factors andbroader productivity across the firm, PIMCO

150+

Roundtables

15+

Speaker Events

150+

Social and
Networking Events

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

MENTORING RELATIONSHIPSIn 2023, we continued to develop business-specific mentorship programs to help foster greater connectivity acrossteams and empower colleagues to grow their careers. Examples include:

U.S. GLOBAL WEALTH
MANAGEMENTMENTORSHIP PROGRAMLEGAL ANDCOMPLIANCE
MENTORSHIP PROGRAM

ADMIN
MENTORSHIPPROGRAM

91

33

60

mentors

91

mentees

mentors34

mentees

mentors

58

mentees

14
Additionally, this year, we launched a Mentorship Infrastructure pilot focused on providing colleagues with the tools
they need to proactively establish meaningful mentorship connections. ~50 mentees connected with their mentors on
specific topics including ‘Deep Expertise’, ‘PIMCO Culture and Collaboration’ and ‘People Management’.

organized a number of roundtable sessions
and events throughout the year.
In addition, we have developed an
Employee Engagement Resource Hub ofbest practices that have been successfully
implemented across PIMCO. This hub
empowers employees to implement theseBy nurturing these connections, we’re not only promoting individual
growth, but also strengthening our organization. Our mentorshipinfrastructure is a testament to our belief in the value of every voice
and perspective, contributing to our collective strength and culture ofmutual respect.

practices in their own teams to enhance
employee engagement.
Source: PIMCO, data as of December 31, 2023.

– Julie Meggers, Managing Director, Head of Strategy & Corporate Sustainability

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

CULTIVATING BELONGING(ERGs) play a pivotal role in this endeavor, fostering a supportive and inclusive environment where every individual feels valued

ALLYSHIP AND
INTERSECTIONALITY

and connected. In 2023, we evolved our ERG governance and operating model for broader impact. By empowering our leaders,

As we reflect on the multiple facets of ourCultivating a sense of belonging lies at the heart of our inclusion and diversity efforts at PIMCO. Our Employee Resource Groups

clarifying roles, and ensuring strategic alignment, we hope to create a stronger, more connected community that celebrates
diversity and drives us forward.

identities and how they intersect to shape ourexperiences of the world, we recognize that
understanding intersectional experiences is

PIMCO
ERGs

more important than ever. To that end, in 2023,
we increased cross collaboration across ERGs,
including PIMCO Pride and Veterans or PIMCOBlack and Women partnering to host speaker
events during the year.
Our second PIMCO Women Summit was avirtual event, attended by more than 1,400
colleagues of all genders. The Summit seeks toinspire conversation and disseminate tangible
learnings, included a panel discussion on
the topic of intersectionality. By exploring theinterconnectedness of various dimensions ofdiversity, including race, gender, sexual orientation,and disability, we aimed to foster greater empathy,
and awareness across different communities.
We believe that allyship plays a crucial role increating an environment where everyone feels
valued, respected, and empowered. In 2023, we
implemented several initiatives throughout the year
to promote awareness, understanding, and action.
This included a dedicated session on Male Allyship
during the PIMCO Women Summit.

Allyship is about
listening, learning,
and leveraging our
influence to support
and advocate
for colleagues
from different
backgrounds
and identities. It’s
about recognizing
our shared
responsibility
to foster anenvironment where
everyone feels
valued and heard.
– Michael Chandra,Managing Directorand Account Manager,
PIMCO Women
Steering Committee
Member

15

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

CELEBRATING OURIDENTITIESFEBRUARY

Throughout the year, we raised
awareness and greater understandingof diverse communities by celebrating
various heritage months. PIMCO’s
employee resource groups have led

JANUARY

US Black
History MonthLunar
New Year

multiple campaigns, social gatheringsand speaker events.

These gatherings area vital part of building
relationships, fostering
understanding, andpromoting inclusivity within
our organization. I truly
believe these events are a
key ingredient in making
PIMCO a great place towork for everyone.
– Luis Rodriguez, Executive Vice
President, Account Manager,
PIMCO Black and Juntos
Steering Committee Member

16

MARCH

Women’s
History MonthPIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

SEPTEMBER

Hispanic
Heritage Month

MAY

Asian American orPacific Islander
Heritage Month

JUNE

Pride
Month

SEPTEMBER/OCTOBER

Mid-Autumn
Festival

17

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

OCTOBER

National
Coming Out Day
NOVEMBER

APAC
Pink Friday
OCTOBERUK Black
History MonthNOVEMBERNOVEMBER

Diwali

Remembrance
andVeterans Day

18

Pink Friday at PIMCO’s APAC offices ismore than just a day—it’s when we cometogether as a community to celebrate ourdifferences and show our support for eachother. The sea of pink is a powerful reminderthat at PIMCO, everyone is valued, everyone
is included, and everyone belongs.
– Teresa Shieh, Senior Administrative Assistant, PIMCO
Pride APAC Steering Committee Member

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

PROMOTING EMPLOYEE WELLBEING
Around the world, we have focused on promoting
employee wellbeing. PIMCO is committed to offering acomprehensive portfolio of employee benefits designed
to support the health and wellbeing of our employees andtheir families. Examples of our offerings include the Grow
Your Family program which provides financial support
to ensure families have the best access to adoption,
surrogacy, and fertility services and treatments, backup
child care and elder care benefits coverage, and Lyra
mental and emotional support program.
In the EMEA region, we have seen great enthusiasm forour run clubs and team sports events. These initiatives not
only encourage physical health, but also foster a sense of
camaraderie and team spirit among our employees.
In APAC, our ‘Take Our Kids to Work Day’ has beena resounding success. This event provides a unique
opportunity for our employees to share their work
environment with their children. These initiatives
underscore our commitment to creating a supportiveand inclusive environment that prioritizes the wellbeingof our employees.
In the Americas, PIMCO Families promoted a session on
how helping children (and ourselves) with anxiety. The
session assisted parents in identifying anxiety in theirchildren, and provided the parents with the tools they needto manage it.

19

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Expanding Our
Roadmap

45+ I&D EXTERNAL ENGAGEMENTS AND
THOUGHT LEADERSHIP SESSIONS

Driving Impact in our communities

TIDE Spark Conferences. We collaborated and learned from experts

We are dedicated to investing in inclusion and diversity at both PIMCO andacross the investment management industry more broadly.

Our Overall I&D Journey

The Road Ahead

In 2023, we hosted and sponsored a number of events; we also attended
and spoke at inclusion and diversity conferences, including Ascend andacross the globe. In EMEA, Craig Dawson, Managing Director, Executive
Committee Member, Head of Europe, Middle East and Africa shared his
insights at Citi E on an Education panel entitled “Fostering Gender Equity
in Education”. In APAC, Alec Kersman, Managing Director, Head of Asia
Pacific participated in the APAC Financial Times Conference: “Future of

PARTNERING ACROSS THE INDUSTRY

Expanding Our Roadmap

Asset Management Asia”, to share his views on how to advance inclusionand diversity in the asset management industry in Asia.

We partner with many important organizations to advance progress within

We have also partnered with clients to discuss relevant topics with ourour firm and across our industry.

employees. In Hong Kong, we partnered with HSBC and learned fromone another about mental health.

By partnering with our clients,
we are not only strengthening
our individual organizations,but also setting a powerfulexample for the entire industry.
Let’s continue to embraceour differences, celebrate
our uniqueness, and work
together to advance inclusionand diversity. Together, we arestronger and more innovative.”.
– Naveen Gulati, Senior Vice President,
Head of Hong Kong GWM, Hong
Kong I&D Lead

20

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTPIMCO Women organized a series of Leaders of
Influence events in the UK, specifically designed
by women for women in financial services. These
discussions served as an excellent platform forattendees to network and connect withlike-minded professionals.

Key Achievements In 2023

(WBC) focuses on advancing
women in financial services
and shaping the future of theindustry. Founded in 1921
by Betty Cook, one of theearliest female bond traderson Wall Street, the WBC was
the first organization in New
York to support women infinance. Since its inception,

Julia Gillard, former Prime Minister

discussed female leadership in thediverse worlds of politics, investment

WBC has remained true totheir original mission – to lead, learn and return. We partner with WBC as part of our ongoinginvestment in gender equality and the advancement of women in the industry:•

Board Membership: Lupin Rahman, Executive Vice President and Portfolio Manager, hasand business. She also discussed key

been elected to the Women’s Bond Club Board of Directors, representing PIMCO in thisthemes impacting markets, including

strategic partnership to advance greater inclusion and gender equality in our industry.

inflation, interest rates, commodities,
and geopolitics.
Baroness Catherine Ashton ofUpholland, the first EU Foreign Policy
Chief, discussed a broad range of
topics, from geopolitics to building
a supportive network, and effective
negotiation tactics.

The Road Ahead

The Women’s Bond ClubIN 2023, PIMCO WOMEN IN EMEA HOSTED SPECIALLEADERS OF INFLUENCE EVENTS WITH:

Institute for Women’s Leadership,

Expanding Our Roadmap

WOMEN’S BOND CLUB– Raquel Rodriguez, Executive Vice President, Account Manager,
PIMCO Women EMEA Steering Committee Memberof Australia and Chair of the Global

Our Overall I&D Journey•

Individual Memberships: PIMCO colleagues participate in multiple programs that
contribute to building bonds and receiving personal and career growth support.

•

Thought Leadership: In 2023, we hosted an event on “Economic Outlook andInvestment Implications” with a panel of PIMCO thought leaders to discuss the key
macro trends they are seeing in the markets. We also had PIMCO experts sharing theirperspectives in WBC events promoted in partnership with other industry firms; Libby
Cantrill, PIMCO Head of US Public Policy, Managing Director, Portfolio Management
Group, participated in a panel discussion on the “Impact of Geopolitical Landscape on
Economic Flows.”

As a member of theBoard of Directors of
the Women’s Bond
Club, I am committed
to fostering anenvironment thatempowers women in
the financial services
industry. I believe inthe power of diversity
and inclusion, andI am dedicated toshaping a future
where women are
not just participants,
but leaders andinnovators in thefinancial world.
– Lupin Rahman, Executive
Vice President andPortfolio Manager

21

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

FOSTERING INDUSTRY TALENTSUPPORTING FINANCIAL ADVISORS

We are invested in building the next generation of diverse financial leaders. This year, the Future Leaders Scholarship awarded

As part of our commitment to support financial advisors with diverse backgrounds,

73 scholarships. In 2024, we will continue to invest in the next generation of talent by supporting students from underserved

we have partnered with The Harris Poll to better understand the career journeys ofcommunities, who are interested in pursuing careers in Investment Management.

financial advisors. We focus on identifying both universal and unique challenges
they encounter, as well as exploring the crucial role organizations play in enhancing
employee retention and satisfaction.
Additionally, PIMCO has
deepened its partnership with the
Association of African American
Financial Advisors (AAAA) bysponsoring and participating in the
V.I.S.I.O.N. Summit and Conferencein Washington D.C. and the

22

V.I.S.I.O.N. Lite Conference in
New York. We also hosted events
and webinars to share best practices, experiences, and ideas on how to advancecareers, businesses, and networks.

Participating as a speaker at events hosted by the Association of African
American Financial Advisors has been a rewarding experience. It’s anopportunity to support and uplift financial advisors from diverse backgrounds.
This engagement has reinforced the importance of diversity in our industry.
Together, we’re fostering an inclusive environment where every voice mattersand every perspective is valued.
– Teddy Moran, Senior Vice President and Account Manager

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

ENGAGING WITH OUR COMMUNITIESPIMCO understands the opportunity and obligation to effect meaningful social change in our industry and

NOMI NETWORK

broader communities – an effort too big for us to do alone. To amplify our impact, we proudly partner with

Nomi Network creates economic opportunities for

distinguished organizations that share our goals. By donating our resources, time and talents, we work
together to combat the challenges facing the communities where we work, and beyond.

survivors and women at risk of human trafficking. Their
mission is to end human trafficking by creating pathways
to safe employment, and empowering women and girls to
break cycles of slavery in their families and communities.

PIMCO
GIVES

Since 2018, PIMCO has partnered with Nomi Network. The
Foundation’s contribution helps support Nomi Network

In 2023, PIMCO

scale its programming across India and Cambodia, andFoundations donatedmost recently launch programs in Texas, USA. Over the~$ 9.1 million to more

years, PIMCO’s support has enabled Nomi Network tothan 65 charities

reach nearly 70,000 people, trained over 9,700 women andin 41 countries to address

girls to become advocates of gender equity, and helped

critical community needs.

more than 7,200 attain, retain, or improve employment.

PIMCO
ACTS
In 2023, 2,475 PIMCO
colleagues donated~14,500 hours to
support underserved
communities.
Source: PIMCO, based on data as of December 31, 2023.
Source: NOMI Network, based on data as of December 31, 2023

23

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

HONORED BY RECOGNITION
In 2023 we were honored with several awards and recognitions thatreflect our continued commitment to I&D and the contributions ourleaders have made to the industry.

PIMCO achieved the prestigious Gold
Standard by the LGBT Great Inclusion
Index Benchmarking Tracker (iiBT).
The iiBT is designed for financial
services organizations to evaluate
their progress in promoting LGBTQ+
diversity and inclusion.

PIMCO was awarded the
Swiss LGBTI-Label, a quality
label for organizations basedin Switzerland that work forthe equality of LGBTI people
within companies.

We are proud of the diversity of thought and diverse backgroundsof PIMCO’s talent and leaders who are recognized both internallyand externally. Non-exhaustive recent examples include:

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

PIMCO won the Collaborative
Leadership Award, a recognition
as a leader in the Equity
Collective initiative which is adiversity-driven collaboration
between 27 Wealth and AssetManagement Firms, led by
Morgan Stanley.

We’re proud to have been awarded
the recognition of Equality 100,
the highest possible score on
the Human Rights Campaign
Foundation’s 2023-2024 Corporate
Equality Index, the U.S.A.’sforemost benchmarking survey andreport measuring corporate policies
and practices related to LGBTQ+
workplace equality.

Annisa Lee, Executive Vice President, Headof Credit Research APAC, and Serina Lim,
Executive Vice President, Head APAC Human
Resources and Global Benefits, were awardedfor Excellence in Asset Management andExcellence in HR and Talent Management
respectively, at the Women in FinanceAwards Asia (WIFAA).

24

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

Mangala Ananthanarayanan, Managing Director andHead of Business Management for EMEA and APAC,
Eleni Sifakis, Executive Vice President and Head ofFrance & Eastern Mediterranean, and Tania Bachmann,Vice President and Equity Research Analyst, received
the Trailblazer, Individual Achievement and RisingStar Awards at the European Women in FinanceAwards (EWIFA).

At the 2023 U.S. Women in Finance Awards, Sabrin Chowdhury, Executive
Vice President and Global Head of Inclusion and Diversity won the
Excellence in Inclusion and Diversity Award, Renee Tierney, Executive Vice
President and Deputy Chief Compliance Officer, took home the Excellencein Compliance Award, and Prerna Gupta, Senior Vice President and Fixed
Income Strategist, and Mandi Cogsdill, Senior Vice President and Senior
Finance Manager, both received the Rising Star Award.

25

Ryan Blute, Managing Director and Headof Global Wealth Management in EMEA,
received the Top 50 Executive Ally
award from LGBT Great.

Erin Browne, Managing Director andPortfolio Manager was honored as
Pensions & Investments’ Influential
Women in Institutional Investingfor 2023.

Yishim Oh, Vice President,
Digital Product Manager,
was PIMCO’s recipient of the
Women’s Bond Club RisingStar Award for 2023.

Graham Birkbeck, Senior Vice President
and Senior HR Generalist, wasrecognized as a 2023 Top 50 LGBTQ+
Gamechanger in the Financial Services
industry by LGBT Great.

PIMCO 2023 INCLUSION AND DIVERSITY ANNUAL REPORTKey Achievements In 2023

Our Overall I&D Journey

Expanding Our Roadmap

The Road Ahead

MANAGING DIRECTOR I&D ADVISORY COUNCIL

The Road Ahead: Message
from the Advisory Council
As we reflect on our journey towards a more inclusive and diverse environment, we are proud of
the progress we have made in 2023. Our commitment to I&D remains unwavering, and we continue

MangalaAnanthanarayanan,Managing Director, Head ofBusiness Management for
EMEA & APAC, Executive
Committee Member,
PIMCO Multicultural EMEA
Executive Sponsor

Caleb Pitters,
Managing Director, Headof U.S. Nonprofit & Private
Family Capital, PIMCOBlack and Juntos Steering
Committee Member

Daniel Hyman,
Managing Director,
Portfolio Manager,
PIMCO Families
Executive Sponsor

Stephen Chang,Managing Director,
Portfolio Manager,
PIMCO Multicultural APAC
Executive Sponsor

to hold ourselves accountable for fostering a culture where every individual can thrive. This year, inpartnership with our I&D team and senior leaders, we have made significant progress in implementing
our strategic priorities, from encouraging diverse perspectives to facilitating increased connections.
We have also strengthened our data collection and analysis capabilities, enabling us to make more
informed and impactful programs.
We are excited to share that in 2024, we will be welcoming new members to the Managing Director

26

I&D Advisory Council. Their fresh perspectives and insights will be invaluable as we continue to evolve
our I&D programs and strategies.
With over 3,000 talented colleagues worldwide, we are collectively driving an inclusive culture that iscentral to how we serve our clients, support our colleagues, and engage with our communities.
As we look ahead, we remain focused on driving greater inclusion and diversity outcomes for ourorganization and the industry at large.
We are grateful for your continued support and look forward to making even greater strides in 2024.

Cathleen Stahl,
Managing Director,
Global Head of Marketing

Patrick Feigley,
Managing Director,
Head U.S. GWM Sales

Pensions & Investments Influential Women in Institutional Investing nominations are judged by the Advisory Board. Women in Finance nominees are put forth by readers of MarketsMedia.com and TradersMagazine.com, and winners are determined by editorial staff and WIF Advisory Board.
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