PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) Class A (PIPAX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO), a leading global investment management firm specializing in fixed income and total return strategies. The fund seeks total return, consistent with preservation of capital, by investing primarily in common stocks of non-U.S. companies that represent sectors included in the S&P Global 1200 Index (ex-U.S. and South Korea), utilizing an enhanced index strategy that combines passive stock selection with active derivatives overlays to replicate equity market exposure while hedging currency risk back to U.S. dollars; it employs total return swaps, futures contracts, and options on equities, indices, and currencies to achieve its objectives, with a focus on developed and emerging international markets excluding the U.S. and South Korea. PIMCO, founded in 1971 and headquartered in Newport Beach, California, operates worldwide with offices in key financial centers including London, Tokyo, Singapore, and Sydney, serving institutional and retail investors through a broad range of mutual funds, ETFs, and separately managed accounts. Recent developments include PIMCO's ongoing enhancements to its StocksPLUS suite amid market volatility in 2025, such as expanded use of ESG-integrated overlays in response to regulatory shifts in Europe and Asia; the firm also announced strategic alliances with technology providers for advanced derivatives analytics in late 2024, bolstering operational efficiency across its international equity-linked funds.