This Web site is provided to you as a service by Nicholas-Applegate Capital Management, Nicholas-Applegate Institutional Funds, and Nicholas-Applegate Securities (collectively, "Nicholas-Applegate"). By using this site, you signify your assent to the following terms and conditions.

DISCLAIMER

The information contained on this site is provided for informational purposes only. All information and content on this Web site is subject to applicable statutes and regulations, furnished "as is" with no warranty of any kind, implied or expressed, including but not limited to implied warranties of merchantability, fitness for a particular purpose, or non-infringement. While Nicholas-Applegate seeks to provide accurate and timely information, there may be inadvertent technical or factual inaccuracies and typographical errors for which we apologize. We reserve the right to make changes and corrections at any time.

Nicholas-Applegate is not responsible for content that appears on this Web site provided by an independent third party, such as daily fund net asset values. Neither Nicholas-Applegate, nor any of its affiliates, partners, officers or employees, nor any third party vendor retained by Nicholas-Applegate, will be liable or have any responsibility of any kind for any loss or damage you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site, or the data contained therein.

Nothing contained in this Web site constitutes an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This Web site is not intended for distribution to or use by any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Nicholas-Applegate makes no representations or warranties that the content of this site is applicable to or appropriate for use in locations outside of the United States of America.

Decisions based on information contained on Nicholas-Applegate's site are the sole responsibility of the visitor, and in exchange for using Nicholas-Applegate's site, the visitor agrees to hold Nicholas-Applegate harmless against any claims for damages arising from any decisions the visitor makes based on such information.

If you leave this Web site by way of a hyper-link to another Web site, you understand that Nicholas-Applegate does not provide and has not reviewed the view content of that site; you do so at your own risk.

Permission is granted to display and navigate this site with a computer using HTML browser software, solely for personal, non-commercial use. Any commercial or public use of this Web site is strictly prohibited. No permission is granted to copy, distribute, modify, post, or frame any text, graphic, software code, user interface design, or logos.

PRIVACY

Nicholas-Applegate is committed to protecting your personal and financial information. We may request personal information (e.g., name and address) when you request or download investment literature. This information is only used to service your request and is not shared, distributed, or sold to any unaffiliated outside party. View the [Privacy Notice].

PERFORMANCE DATA

Performance data quoted represents past performance and is no guarantee of future results. The value of an investment may fall as well as rise. Investor principal is not guaranteed, and investors may not receive the full amount of their principal at the time of redemption if asset values have fallen. A complete list of Nicholas-Applegate composites and a description of the investment strategies is available, as well as more detailed disclosure and other information. Consultants supplied with "gross of fee" results are advised to use this data in accordance with the SEC guidelines. Investors should understand that performance results will be reduced by investment advisory fees and other expenses which may be incurred in connection with the account. The effect of such expenses is not reflected in "gross of fees" performance materials. Detailed information regarding past performance and other important information is discussed the [Additional Disclosures]. Visitors to this Web site are advised to carefully review the Additional Disclosures.