e485bpos-pvit.htm - Generated by SEC Publisher for SEC Filing

0001133228-13-000476.txt : 20130213 0001133228-13-000476.hdr.sgml : 20130213 20130213145620 ACCESSION NUMBER: 0001133228-13-000476 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20130213 DATE AS OF CHANGE: 20130213 EFFECTIVENESS DATE: 20130213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIMCO VARIABLE INSURANCE TRUST CENTRAL INDEX KEY: 0001047304 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-37115 FILM NUMBER: 13602263 BUSINESS ADDRESS: STREET 1: 840 NEWPORT CENTER DRIVE STREET 2: SUITE 100 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9497204761 MAIL ADDRESS: STREET 1: 840 NEWPORT CENTER DRIVE STREET 2: SUITE 100 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIMCO VARIABLE INSURANCE TRUST CENTRAL INDEX KEY: 0001047304 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08399 FILM NUMBER: 13602264 BUSINESS ADDRESS: STREET 1: 840 NEWPORT CENTER DRIVE STREET 2: SUITE 100 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9497204761 MAIL ADDRESS: STREET 1: 840 NEWPORT CENTER DRIVE STREET 2: SUITE 100 CITY: NEWPORT BEACH STATE: CA ZIP: 92660

0001047304 S000036850 PIMCO Global Diversified Allocation Portfolio

C000123329 Advisor Class

485BPOS 1 e485bpos-pvit.htm PIMCO VARIABLE INSURANCE TRUST e485bpos-pvit.htm - Generated by SEC Publisher for SEC Filing

As filed with the Securities and Exchange Commission on February 13, 2013

File No. 333-37115

ICA No. 811-08399

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

Form N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933	T

Post-Effective Amendment No. 63	T

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940	T

Amendment No. 65	T

PIMCO Variable Insurance Trust

(Exact name of Registrant as Specified in Trust Instrument)

840 Newport Center Drive

Newport Beach, California 92660

(Address of Principal Executive Offices) (Zip Code)

______________

(Area Code and Telephone Number)

(866) 746-2606

Copy to:

Robert W. Helm, Esq. Brendan C. Fox, Esq. Dechert LLP 1775 I Street, N.W. Washington, D.C. 20006	Brent R. Harris Pacific Investment Management Company LLC 840 Newport Center Drive Newport Beach, California 92660

(Name and Address of Agent for Service) __

Approximate Date of Proposed Public Offering: As soon as practicable after this registration statement becomes effective.

It is proposed that this filing will become effective:

S Immediately upon filing pursuant to paragraph (b)	£ on (date) pursuant to paragraph (b)
£ 60 days after filing pursuant to paragraph (a)(1)	£ on (date) pursuant to paragraph (a)(1)
£ 75 days after filing pursuant to paragraph (a)(2)	£ on (date) pursuant to paragraph (a)(2) of rule 485.

If appropriate, check the following box:

£ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (“1933 Act”), and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all the requirements of effectiveness of this Post-Effective Amendment No. 63 to its Registration Statement under Rule 485(b) of the 1933 Act and has duly caused this Post-Effective Amendment No. 63 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Washington in the District of Columbia on the 13^th day of February, 2013.

		PIMCO VARIABLE INSURANCE TRUST
		By:
			Brent R. Harris*, President


		*By:	/s/ Brendan C. Fox
			Brendan C. Fox
			as attorney-in fact

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following person in the capacities and on the dates indicated:

Signature	Title	Date


Brent R. Harris*	Trustee	February 13, 2013


William J. Popejoy*	Trustee	February 13, 2013


Vern O. Curtis*	Trustee	February 13, 2013


E. Philip Cannon*	Trustee	February 13, 2013


J. Michael Hagan*	Trustee	February 13, 2013


Douglas M. Hodge*	Trustee	February 13, 2013


Ronald C. Parker*	Trustee	February 13, 2013


John P. Hardaway*	Treasurer	February 13, 2013
	(Principal Financial and Accounting Officer)

Brent R. Harris*	President	February 13, 2013
	(Principal Executive Officer)

*By:

/s/ BRENDAN C. FOX

Brendan C. Fox

as attorney-in-fact

______________

* Pursuant to powers of attorney with Post-Effective Amendment No. 43 to Registration Statement File No. 333-37115 on January 11, 2011.

EXHIBIT LIST

EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema Document
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
EX-101.LAB	XBRL Taxonomy Extension Labels Linkbase Document
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

EX-101.INS 2 pvit-20130204.xml XBRL INSTANCE DOCUMENT 0001047304 2013-02-04 2013-02-04 0001047304 pimco:S000036850Member pimco:AAAAMember 2013-02-04 2013-02-04 0001047304 pimco:S000036850Member pimco:C000123329Member pimco:AAAAMember 2013-02-04 2013-02-04 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares 485BPOS 2012-12-31 PIMCO VARIABLE INSURANCE TRUST 0001047304 false 2013-02-04 <div style="display: none">~ http://xbrl.sec.gov/rr/role/RiskReturnDetailData column period compact * row dei_DocumentInformationDocumentAxis compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * row rr_PerformanceMeasureAxis compact * row primary compact * ~</div> Investment Objective The Portfolio seeks to maximize risk-adjusted total return relative to a blend of 60% MSCI World Index/40% Barclays U.S. Aggregate Index. Fees and Expenses of the Portfolio This table describes the fees and expenses that you may pay if you buy and hold Advisor Class shares of the Portfolio. Overall fees and expenses of investing in the Portfolio are higher than shown because the table does not reflect variable contract fees and expenses. Shareholder Fees (fees paid directly from your investment): None Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): Example. The Example is intended to help you compare the cost of investing in Advisor Class shares of the Portfolio with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated, and then redeem all your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions. The Example does not reflect fees and expenses of any variable annuity contract or variable life insurance policy, and would be higher if it did. Portfolio Turnover The Portfolio pays transaction costs when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in the Annual Portfolio Operating Expenses or in the Example tables, affect the Portfolio's performance. During the two month fiscal period ended June 30, 2012, the Portfolio's portfolio turnover rate was 0% of the average value of its portfolio. Principal Investment Strategies The Portfolio seeks to achieve its investment objective by investing in a combination of Acquired Funds and/or direct investments and utilizing hedging techniques to manage downside risks and total portfolio volatility. The Portfolio will invest under normal circumstances in a combination of affiliated funds registered under the Investment Company Act of 1940, as amended (the "1940 Act"), equity securities, Fixed Income Instruments, forwards and derivatives. "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. The Portfolio may invest in Institutional Class or Class M shares of any funds of the PIMCO Funds and PIMCO Equity Series, affiliated open-end investment companies, except funds of funds ("Underlying PIMCO Funds"), and may also invest in other affiliated, including funds of PIMCO ETF Trust, and unaffiliated funds, which may or may not be registered under the 1940 Act (collectively, "Acquired Funds"). The Portfolio will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. The Portfolio may invest, without limitation, in any of the Underlying PIMCO Funds (except commodity-related Underlying PIMCO Funds). The Portfolio will invest either directly or indirectly (through a fund) in instruments that are economically tied to at least three countries (one of which may be the United States). The Portfolio's investments will be utilized, in part, in seeking to limit the Portfolio's overall volatility. Volatility is a measure of the magnitude of up and down fluctuations in the value of a financial instrument over time and typically results from rapid price swings. For example, in a more volatile market environment, PIMCO may decrease long derivative positions in volatile assets or assume a short position through derivatives in such assets in an attempt to potentially reduce the Portfolio's volatility. PIMCO's use of Acquired Funds and direct investments in seeking to manage volatility will be consistent with the Portfolio's target asset allocation guidelines described below. Under normal conditions, the Portfolio will seek to target an annualized volatility level of approximately 10%. A higher volatility level indicates more frequent or rapid up and down fluctuations in the value of the Portfolio relative to a lower volatility level. There can be no assurance that investment decisions made in seeking to manage Portfolio volatility will achieve the desired results. On average, the Portfolio will target approximately 60% equity-related exposure and 40% Fixed Income Instruments-related exposure; however, the Portfolio may adjust its overall equity exposure in seeking to manage the Portfolio's overall volatility. The Portfolio will normally limit its equity-related exposure to 15% to 80% of its total assets. The Portfolio will typically seek to gain equity-related exposure by investing in derivatives, including, but not limited to, options, futures contracts or swap agreements, common stock, preferred stock, equity securities of real estate investment trusts and/or equity-related Acquired Funds. With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Portfolio may invest. The Portfolio may invest up to 10% of its total assets in commodity-related investments (including investment in commodity-related Underlying PIMCO Funds). The Portfolio may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Portfolio may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries. In addition, the Portfolio may invest in both investment-grade securities and high yield securities ("junk bonds"), subject to a maximum of 10% of its total assets in securities rated below B by Moody's Investors Service, Inc. ("Moody's"), or equivalently rated by Standard & Poor's Rating Services ("S&P") or Fitch, Inc. ("Fitch"), or, if unrated, determined by PIMCO to be of comparable quality. The Portfolio may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. As part of its investment process, PIMCO will seek to reduce exposure to certain downside risks by implementing various hedging transactions. These hedging transactions seek to reduce the Portfolio's exposure to certain severe, unanticipated market events that could significantly detract from returns. Additional information for the Underlying PIMCO Funds can be found in the Statement of Additional Information and/or the Underlying PIMCO Funds' prospectuses and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without shareholder notification. Principal Risks It is possible to lose money on an investment in the Portfolio. The principal risks of investing in the Portfolio include risks from direct investments and/or indirect exposure through investment in Acquired Funds. The principal risks of investing in the Portfolio, which could adversely affect its net asset value, yield and total return are: Allocation Risk: the risk that a Portfolio could lose money as a result of less than optimal or poor asset allocation decisions as to how its assets are allocated or reallocated Acquired Fund Risk: the risk that a Portfolio's performance is closely related to the risks associated with the securities and other investments held by the Acquired Funds and that the ability of a Portfolio to achieve its investment objective will depend upon the ability of the Acquired Funds to achieve their investment objectives Equity Risk: the risk that the value of equity or equity-related securities may decline due to general market conditions which are not specifically related to a particular company or to factors affecting a particular industry or industries. Equity or equity-related securities generally have greater price volatility than fixed income securities Interest Rate Risk: the risk that fixed income securities will decline in value because of an increase in interest rates; a portfolio with a longer average portfolio duration will be more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration Credit Risk: the risk that the Portfolio could lose money if the issuer or guarantor of a fixed income security, or the counterparty to a derivative contract, is unable or unwilling to meet its financial obligations High Yield Risk: the risk that high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") are subject to greater levels of credit and liquidity risks. High yield securities are considered primarily speculative with respect to the issuer's continuing ability to make principal and interest payments Distressed Company Risk: the risk that securities of distressed companies may be subject to greater levels of credit, issuer and liquidity risk than a portfolio that does not invest in such securities. Securities of distressed companies include both debt and equity securities. Debt securities of distressed companies are considered predominantly speculative with respect to the issuers' continuing ability to make principal and interest payments Market Risk: the risk that the value of securities owned by the Portfolio may go up or down, sometimes rapidly or unpredictably, due to factors affecting securities markets generally or particular industries Issuer Risk: the risk that the value of a security may decline for a reason directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods or services Liquidity Risk: the risk that a particular investment may be difficult to purchase or sell and that the Portfolio may be unable to sell illiquid securities at an advantageous time or price or achieve its desired level of exposure to a certain sector Derivatives Risk: the risk of investing in derivative instruments, including liquidity, interest rate, market, credit and management risks, mispricing or improper valuation. Changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index, and the Portfolio could lose more than the principal amount invested Commodity Risk: the risk that investing in commodity-linked derivative instruments may subject the Portfolio to greater volatility than investments in traditional securities. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments Mortgage-Related and Other Asset-Backed Securities Risk: the risks of investing in mortgage-related and other asset-backed securities, including interest rate risk, extension risk and prepayment risk Foreign (Non-U.S.) Investment Risk: the risk that investing in foreign (non-U.S.) securities may result in the Portfolio experiencing more rapid and extreme changes in value than a portfolio that invests exclusively in securities of U.S. companies, due to smaller markets, differing reporting, accounting and auditing standards, and nationalization, expropriation or confiscatory taxation, currency blockage, or political changes or diplomatic developments. Foreign securities may also be less liquid and more difficult to value than securities of U.S. issuers Real Estate Risk: the risk that a Portfolio's investments in Real Estate Investment Trusts ("REITs") or real estate-linked derivative instruments will subject the Portfolio to risks similar to those associated with direct ownership of real estate, including losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. A Portfolio's investments in REITs or real estate-linked derivative instruments subject it to management and tax risks Emerging Markets Risk: the risk of investing in emerging market securities, primarily increased foreign (non-U.S.) investment risk Currency Risk: the risk that foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar and affect the Portfolio's investments in foreign (non-U.S.) currencies or in securities that trade in, and receive revenues in, or in derivatives that provide exposure to, foreign (non-U.S.) currencies Leveraging Risk: the risk that certain transactions of the Portfolio, such as reverse repurchase agreements, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivative instruments, may give rise to leverage, causing the Portfolio to be more volatile than if it had not been leveraged Smaller Company Risk: the risk that the value of securities issued by a smaller company may go up or down, sometimes rapidly and unpredictably as compared to more widely held securities, due to narrow markets and limited resources of smaller companies. A Portfolio's investments in smaller companies subject it to greater levels of credit, market and issuer risk Management Risk: the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results and that legislative, regulatory, or tax developments may affect the investment techniques available to PIMCO and the individual portfolio manager in connection with managing the Portfolio. There is no guarantee that the investment objective of the Portfolio will be achieved Tax Risk: the risk that the tax treatment of swap agreements and other derivative instruments, such as commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity options, futures, and options on futures, may be affected by future regulatory or legislative changes that could affect whether income from such investments is "qualifying income" under Subchapter M of the Code Subsidiary Risk: the risk that, by investing in certain Underlying PIMCO Funds that invest in a subsidiary (each a "Subsidiary"), the Portfolio is indirectly exposed to the risks associated with a Subsidiary's investments. The Subsidiaries are not registered under the 1940 Act and may not be subject to all the investor protections of the 1940 Act. There is no guarantee that the investment objective of a Subsidiary will be achieved Short Sale Risk: the risk of entering into short sales, including the potential loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the Portfolio Value Investing Risk: a value stock may decrease in price or may not increase in price as anticipated by PIMCO if it continues to be undervalued by the market or the factors that the portfolio manager believes will cause the stock price to increase do not occur Arbitrage Risk: the risk that securities purchased pursuant to an arbitrage strategy intended to take advantage of a perceived relationship between the value of two securities may not perform as expected Convertible Securities Risk: as convertible securities share both fixed income and equity characteristics, they are subject to risks to which fixed income and equity investments are subject. These risks include equity risk, interest rate risk and credit risk Please see "Description of Principal Risks" in the Portfolio's prospectus for a more detailed description of the risks of investing in the Portfolio. An investment in the Portfolio is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information The Portfolio does not have a full calendar year of performance. Thus, no bar chart or Average Annual Total Returns table is included for the Portfolio. Performance is updated monthly and may be obtained at http://pvit.pimco-funds.com. The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 24 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market,with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. <div style="display:none">~ http://pimco/role/OperatingExpensesDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact pimco_S000036850Member ~</div> 0.0085 0.0025 0.0001 0.0048 0.0159 -0.0049 0.011 <div style="display:none">~ http://pimco/role/ExpenseExampleAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact pimco_S000036850Member ~</div> 112 350 0.00 An investment in the Portfolio is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is possible to lose money on an investment in the Portfolio. Performance is updated monthly and may be obtained at http://pvit.pimco-funds.com. 2013-02-04 2013-02-04 2014-05-01 PIMCO has contractually agreed, through May 1, 2014, to waive, first, the advisory fee and, second, the supervisory and administrative fee it receives from the Portfolio in an amount equal to the expenses attributable to the Management Fees of Underlying PIMCO Funds indirectly incurred by the Portfolio in connection with its investments in Underlying PIMCO Funds, to the extent the Portfolio's Management Fees are greater than or equal to the Management Fees of the Underlying PIMCO Funds. This waiver renews annually for a full year unless terminated by PIMCO upon at least 30 days' notice prior to the end of the contract term. Estimated organizational expenses for the Portfolio's first fiscal year. Acquired Fund Fees and Expenses are based on the estimated amounts for the Portfolio's first fiscal year. EX-101.SCH 3 pvit-20130204.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 010002 - Document - PIMCO Global Diversified Allocation Portfolio - Advisor Class {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 020032 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 020022 - Schedule - Annual Fund Operating Expenses link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 pvit-20130204_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 5 pvit-20130204_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Expense Example, No Redemption: Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Bar Chart [Table] Performance [Table] Expense Example, No Redemption Narrative [Text Block] Market Index Performance [Table] Expense Example, No Redemption [Table] Risk/Return Detail [Table] Performance Measure [Axis] Before Taxes After Taxes on Distributions After Taxes on Distributions and Sales Amendment Description Amendment Flag Document Creation Date Document Effective Date Document [Axis] Prospectus Document Period End Date Document Type Entities [Table] Entity [Text Block] Series Trading Symbol Registrant Name Central Index Key Series [Axis] Risk/Return [Heading] Objective Section: Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Strategy Section: Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Past Does Not Indicate Future [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Annual Return Caption [Text] Caption Annual Return, Column [Text] Column Annual Return, Inception Date Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Year to Date Return, Label Bar Chart, Year to Date Return Bar Chart, Year to Date Return, Date Highest Quarterly Return, Label Label Highest Quarterly Return Highest Quarterly Return, Date Lowest Quarterly Return, Label Label Lowest Quarterly Return Lowest Quarterly Return, Date Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table Explanation after Tax Higher Caption Column Label 1 Year 5 Years 10 Years Since Inception Inception Date DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsLabel DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear01 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear05 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear10 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsSinceInception DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsInceptionDate DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesLabel DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesYear01 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesYear05 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesYear10 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesSinceInception DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesInceptionDate Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield DEPRECATED Market Index Return, Label DEPRECATED 1 Year DEPRECATED 5 Years DEPRECATED 10 Years DEPRECATED Market Index Return, Since inception DEPRECATED Market Index Return, Inception Date Performance Table Footnotes Performance Table Closing [Text Block] Risk Section: Risk [Heading] Risk Narrative [Text Block] Risk Nondiversified Status [Text] Risk Lose Money [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Risk Footnotes [Text Block] Risk Closing [Text Block] Expense [Heading] Expense Narrative [Text Block] Expense Breakpoint Discounts [Text] Expense Exchange Traded Fund Commissions [Text] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management Fee Distribution and/or Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Other Expenses Other Expenses Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Acquired Fund Fees and Expenses Total Annual Portfolio Operating Expenses Total Annual Portfolio Operating Expenses Fee Waiver and/or Expense Reimbursement Fee Waiver and/or Expense Reimbursement Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement Expenses Represent Both Master and Feeder [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expense Example [Heading] Expense Example Narrative [Text Block] Expense Example by Year [Heading] Expense Example by, Year, Caption [Text] Expense Example, By Year, Column [Text] Column Expense Example, with Redemption, 1 Year 1 Year Expense Example, with Redemption, 3 Years 3 Years Expense Example, with Redemption, 5 Years 5 Years Expense Example, with Redemption, 10 Years 10 Years S000036850 Member (PIMCO Global Diversified Allocation Portfolio) AAAA Member C000123329 Member Advisor Class EX-101.PRE 6 pvit-20130204_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 7 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } EXCEL 8 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\Q,#EE93)A-U\S-#$X7S0P965?8C$P-5\Q.3AA M8S8U8C(P-#,B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T#I%>&-E;%=O#I%>&-E;%=O M#I%>&-E;%=O&%M<&QE/"]X.DYA M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I3='EL97-H M965T($A2968],T0B5V]R:W-H965T3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q,#EE93)A-U\S-#$X7S0P965? M8C$P-5\Q.3AA8S8U8C(P-#,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O M0SHO,3`Y964R83=?,S0Q.%\T,&5E7V(Q,#5?,3DX86,V-6(R,#0S+U=O'0O:'1M;#L@ M8VAA6QE/3-$ M9F]N="US:7IE.C$R.W!A9&1I;F6]U(&UA>2!P87D@:68@>6]U(&)U>2!A;F0@ M:&]L9"!!9'9IF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O M='1O;3HP.W!A9&1I;F2!F6]U M('!A>2!E86-H('EE87(@87,@82!P97)C96YT86=E(&]F('1H92!V86QU92!O M9B!Y;W5R(&EN=F5S=&UE;G0I.B`@("`@("`@("`@("`@("`@(`T*#0H@("`@ M("`@("`@("`@("`@("`\+V(^("`@("`@("`@("`@("`@#0H-"B`@("`@("`@ M("`@("`@(#PO8CX\+W`^("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`@ M("`@("`@("`-"@T*("`@("`@("`@("`@("`@#0H-"B`@("`@(#QS<&%N/CPO M'!E;G-E'!E;G-E'!E;G-E M'!E;G-E(%)E:6UB=7)S96UE;G0\+W1D/@T*("`@ M("`@("`@("`@("`\=&0@8VQAF%T:6]N86P@97AP96YS97,@9F]R('1H92!0;W)T9F]L M:6\G65A2`Q+"`R,#$T+"!T;R!W86EV92P@9FER2!F964@86YD+"!S96-O;F0L('1H92!S=7!E2!A;F0@861M:6YI M2!I;F-U2!T:&4@4&]R=&9O;&EO(&EN M(&-O;FYE8W1I;VX@=VET:"!I=',@:6YV97-T;65N=',@:6X@56YD97)L>6EN M9R!024U#3R!&=6YD6EN9R!024U#3R!& M=6YD65A2!024U#3R!U<&]N(&%T(&QE87-T M(#,P(&1A>7,G(&YO=&EC92!P6QE/3-$9F]N="US M:7IE.C$R.W!A9&1I;F&%M M<&QE(&%S6]U'!E;G-E2!B92!H:6=H97(@;W(@;&]W97(L('1H M92!%>&%M<&QE('-H;W=S('=H870@>6]U'!E;G-E2!C;VYT'!E;G-E($5X M86UP;&4-"@T*#0H-"BA024U#3R!';&]B86P@1&EV97)S:69I960@06QL;V-A M=&EO;B!0;W)T9F]L:6\I#0H-"BA54T0@)"D\8G(^/"]S=')O;F<^/"]T:#X- M"B`@("`@("`@("`@("`@/'1H(&-L87-S/3-$=&@^,2!996%R/&)R/CPO=&@^ M#0H@("`@("`@("`@("`@(#QT:"!C;&%S'0^("`@("`@("`@#0H-"B`@("`@ M("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A M9&1I;F7,@=')A;G-A8W1I;VX@ M8V]S=',@=VAE;B!I="!B=7ES(&%N9"!S96QL2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I M;VX@8V]S=',N(%1H97-E(&-O'0^("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@("`@ M(`T*#0H@("`@("`@("`@("`@("`@("`@("`@("`@("`@#0H-"B`@("`@("`@ M("`@("`@(#QP('-T>6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F'0^("`@("`@("`@#0H-"B`@("`@ M("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A M9&1I;FFEN9R!H961G:6YG('1E8VAN:7%U97,@=&\@ M;6%N86=E(&1O=VYS:61E(')I2X@5&AE(%!O2!S96-U&5D($EN8V]M92!);G-T M2!V87)I;W5S(%4N M4RX@86YD(&YO;BU5+E,N('!U8FQI8RT@;W(@<')I=F%T92US96-T;W(@96YT M:71I97,N(%1H92!0;W)T9F]L:6\@;6%Y(&EN=F5S="!I;B!);G-T:71U=&EO M;F%L($-L87-S(&]R($-L87-S($T@2!F=6YD2!397)I97,L(&%F9FEL M:6%T960@;W!E;BUE;F0@:6YV97-T;65N="!C;VUP86YI97,L(&5X8V5P="!F M=6YD2!A;'-O(&EN=F5S="!I;B!O=&AE2`H=&AR;W5G:"!A(&9U;F0I(&EN(&EN2!T:65D('1O(&%T(&QE87-T('1H2!B92!T:&4@56YI=&5D(%-T871EF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!W:6QL(&)E(&-O;G-I&EM871E;'D@ M,3`E+B!!(&AI9VAE6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F&5D($EN8V]M92!) M;G-T2!A9&IU'!O2!I M;G9E2!I;G9E6EN9R!024U#3R!&=6YD2!-;V]D>2=S($EN M=F5S=&]R2X@5&AE(%!O65D(&1E;&EV97)Y(&]R(&9O'!OF4Z,3([<&%D9&EN M9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F6EN9R!024U#3R!& M=6YD6EN9R!024U#3R!& M=6YD2!B92!A9&1E9"!O MF4Z,3([<&%D9&EN9RUT;W`Z,CMP M861D:6YG+6)O='1O;3HP.W!A9&1I;F2!O9B!A M(%!O2!O9B!T:&4@06-Q=6ER M960@1G5N9',@=&\@86-H:65V92!T:&5I2!O2!D96-L:6YE(&1U92!T;R!G96YE2!H879E(&=R96%T97(@<')I M8V4@=F]L871I;&ET>2!T:&%N(&9I>&5D(&EN8V]M92!S96-UF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I M;F6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F2`H M8V]M;6]N;'D@:VYO=VX@87,@(FIU;FL@8F]N9',B*2!A2!R:7-K M2!S<&5C=6QA=&EV92!W:71H(')E2!T;R!M86ME('!R:6YC:7!A;"!A;F0@:6YT M97)E2!S96-U2!S<&5C=6QA=&EV92!W:71H(')E2!T;R!M86ME('!R:6YC:7!A;"!A M;F0@:6YT97)E2P@9'5E('1O(&9A8W1OF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG M+6)O='1O;3HP.W!A9&1I;F2!D96-L:6YE(&9O2!R96QA=&5D('1O('1H92!IF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O M='1O;3HP.W!A9&1I;F2!B92!D:69F:6-U;'0@ M=&\@<'5R8VAA2!B92!U;F%B;&4@=&\@6QE/3-$9F]N M="US:7IE.C$R.W!A9&1I;F2P@:6YT97)E6EN9R!A M"P@86YD('1H92!0;W)T9F]L:6\@8V]U;&0@ M;&]S92!M;W)E('1H86X@=&AE('!R:6YC:7!A;"!A;6]U;G0@:6YV97-T960\ M+W`^("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@("`-"@T*("`@("`@ M("`@("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`\<"!S='EL93TS1&9O M;G0M2UL:6YK960@9&5R:79A=&EV92!I;G-T2!D979E;&]P;65N M=',\+W`^("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@("`-"@T*("`@ M("`@("`@("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`\<"!S='EL93TS M1&9O;G0M6UE;G0@6QE/3-$9F]N="US:7IE.C$R.W!A M9&1I;F&-L=7-I=F5L>2!I;B!S96-U&%T:6]N+"!C=7)R96YC>2!B;&]C:V%G92P@ M;W(@<&]L:71I8V%L(&-H86YG97,@;W(@9&EP;&]M871I8R!D979E;&]P;65N M=',N($9O6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F2!T87AEF4Z,3([<&%D M9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F'!O2!O2!G;R!U<"!O2!A;F0@ M=6YP2!A2!H96QD M('-E8W5R:71I97,L(&1U92!T;R!N87)R;W<@;6%R:V5T2!024U#3R!W:6QL(&YO="!P"!D979E;&]P;65N=',@;6%Y(&%F9F5C="!T:&4@:6YV97-T;65N M="!T96-H;FEQ=65S(&%V86EL86)L92!T;R!024U#3R!A;F0@=&AE(&EN9&EV M:61U86P@<&]R=&9O;&EO(&UA;F%G97(@:6X@8V]N;F5C=&EO;B!W:71H(&UA M;F%G:6YG('1H92!0;W)T9F]L:6\N(%1H97)E(&ES(&YO(&=U87)A;G1E92!T M:&%T('1H92!I;G9E"!T2UL:6YK960@9&5R:79A=&EV92!I;G-T2!I;F1E>"UL:6YK960@;F]T97,L('-W87`@86=R965M96YT M6EN9R!I;F-O;64B('5N9&5R(%-U8F-H87!T97(@32!O9B!T:&4@0V]D93PO M<#X@("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@(`T*#0H@("`@("`@ M("`@("`@("`@("`@("`@#0H-"B`@("`@("`@("`@(#QP('-T>6QE/3-$9F]N M="US:7IE.C$R.W!A9&1I;F6QE/3-$9F]N="US:7IE M.C$R.W!A9&1I;F2!T:&%N('1H92!A8W1U86P@8V]S="!O9B!T:&4@:6YV97-T M;65N="P@86YD('1H92!R:7-K('1H870@=&AE('1H:7)D('!A6QE/3-$9F]N="US:7IE M.C$R.W!A9&1I;F2!024U#3R!I9B!I="!C;VYT:6YU97,@=&\@8F4@ M=6YD97)V86QU960@8GD@=&AE(&UA&5D(&EN8V]M92!A;F0@97%U:71Y(&EN=F5S=&UE;G1S(&%R92!S=6)J96-T M+B!4:&5S92!R:7-K2!R:7-K+"!I;G1EF4Z,3([<&%D9&EN9RUT M;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;FF4Z M,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!A;F0@;6%Y(&)E(&]B=&%I;F5D(&%T M(#QU/FAT='`Z+R]P=FET+G!I;6-O+69U;F1S+F-O;3PO=3XN/"]P/B`@("`@ M("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z M,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F"!IF%T:6]N('=E:6=H=&5D(&EN9&5X('1H M870@:7,@9&5S:6=N960@=&\@;65A2P@1W)E96-E+"!(;VYG($MO;F2P@4&]R='5G86PL(%-I;F=A<&]R92P@4W!A:6XL(%-W961E;BP@4W=I='IE M7,@52Y3+B!!9V=R96=A=&4@26YD97@@3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\Q,#EE93)A-U\S-#$X7S0P965?8C$P-5\Q.3AA8S8U M8C(P-#,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3`Y964R83=? M,S0Q.%\T,&5E7V(Q,#5?,3DX86,V-6(R,#0S+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M6QE/3-$9F]N="US:7IE.C$R M.W!A9&1I;F6]U(&UA>2!P87D@:68@>6]U(&)U>2!A;F0@:&]L9"!!9'9IF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I M;F2!F6]U('!A>2!E86-H('EE M87(@87,@82!P97)C96YT86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S M=&UE;G0I.B`@("`@("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@ M("`\+V(^("`@("`@("`@("`@("`@#0H-"B`@("`@("`@("`@("`@(#PO8CX\ M+W`^("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@("`@("`-"@T* M("`@("`@("`@("`@("`@#0H-"B`@("`@(#QS<&%N/CPO'!E;G-E'!E;G-E'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G0\+W1D/@T*("`@("`@("`@("`@("`\ M=&0@8VQAF%T:6]N86P@97AP96YS97,@9F]R('1H92!0;W)T9F]L:6\G65A2`Q+"`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`@("`@("`@("`@ M("`@/'1H(&-L87-S/3-$=&@^,2!996%R/&)R/CPO=&@^#0H@("`@("`@("`@ M("`@(#QT:"!C;&%S'0^("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@ M("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([ M<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F7,@=')A;G-A8W1I;VX@8V]S=',@=VAE;B!I M="!B=7ES(&%N9"!S96QL2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I;VX@8V]S=',N(%1H M97-E(&-O'0^ M("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@("`@(`T*#0H@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@#0H-"B`@("`@("`@("`@("`@(#QP('-T M>6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F'0^("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@ M("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([ M<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;FFEN9R!H961G:6YG('1E8VAN:7%U97,@=&\@;6%N86=E(&1O=VYS M:61E(')I2X@5&AE M(%!O2!S96-U M&5D($EN8V]M92!);G-T2!V87)I;W5S(%4N4RX@86YD(&YO;BU5 M+E,N('!U8FQI8RT@;W(@<')I=F%T92US96-T;W(@96YT:71I97,N(%1H92!0 M;W)T9F]L:6\@;6%Y(&EN=F5S="!I;B!);G-T:71U=&EO;F%L($-L87-S(&]R M($-L87-S($T@2!F=6YD2!397)I97,L(&%F9FEL:6%T960@;W!E;BUE M;F0@:6YV97-T;65N="!C;VUP86YI97,L(&5X8V5P="!F=6YD2!A;'-O(&EN M=F5S="!I;B!O=&AE2`H=&AR;W5G:"!A M(&9U;F0I(&EN(&EN2!T M:65D('1O(&%T(&QE87-T('1H2!B92!T:&4@56YI=&5D(%-T871EF4Z,3([<&%D9&EN M9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!R97-U;'1S(&9R;VT@&EM871E;'D@,3`E+B!!(&AI9VAE M6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F'!O&5D($EN8V]M92!);G-T2!A M9&IU2!L:6UI="!I=',@97%U:71Y M+7)E;&%T960@97AP;W-U2!I;G9E2!I;G9E M6EN9R!024U#3R!&=6YD2!-;V]D>2=S($EN=F5S=&]R2X@5&AE(%!O65D(&1E;&EV97)Y M(&]R(&9O'!OF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D M:6YG+6)O='1O;3HP.W!A9&1I;F6EN9R!024U#3R!&=6YD6EN9R!024U#3R!&=6YD2!B92!A9&1E9"!OF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O M;3HP.W!A9&1I;F2!O9B!A(%!O2!O9B!T:&4@06-Q=6ER960@1G5N9',@=&\@ M86-H:65V92!T:&5I2!O2!D96-L:6YE(&1U M92!T;R!G96YE2!H879E(&=R96%T97(@<')I8V4@=F]L871I;&ET M>2!T:&%N(&9I>&5D(&EN8V]M92!S96-UF4Z,3([<&%D M9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F2`H8V]M;6]N;'D@:VYO M=VX@87,@(FIU;FL@8F]N9',B*2!A2!R:7-K2!S<&5C=6QA M=&EV92!W:71H(')E2!T;R!M86ME('!R:6YC:7!A;"!A;F0@:6YT97)E2!S96-U2!S M<&5C=6QA=&EV92!W:71H(')E2!T;R!M86ME('!R:6YC:7!A;"!A;F0@:6YT97)E2P@9'5E('1O(&9A8W1OF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A M9&1I;F2!D96-L:6YE(&9O2!R96QA=&5D('1O('1H92!IF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I M;F2!B92!D:69F:6-U;'0@=&\@<'5R8VAA2!B92!U;F%B;&4@ M=&\@6QE/3-$9F]N="US:7IE.C$R.W!A M9&1I;F2P@:6YT97)E M6EN9R!A"P@86YD('1H92!0;W)T9F]L:6\@8V]U;&0@;&]S92!M;W)E('1H M86X@=&AE('!R:6YC:7!A;"!A;6]U;G0@:6YV97-T960\+W`^("`@("`@("`@ M(`T*#0H@("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@("`@("`@ M("`@(`T*#0H@("`@("`@("`@("`\<"!S='EL93TS1&9O;G0M2UL:6YK960@9&5R:79A=&EV92!I;G-T2!D979E;&]P;65N=',\+W`^("`@("`@ M("`@(`T*#0H@("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@("`@ M("`@("`@(`T*#0H@("`@("`@("`@("`\<"!S='EL93TS1&9O;G0M6UE;G0@6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F&-L=7-I=F5L>2!I;B!S96-U&%T:6]N+"!C=7)R96YC>2!B;&]C:V%G92P@;W(@<&]L:71I8V%L M(&-H86YG97,@;W(@9&EP;&]M871I8R!D979E;&]P;65N=',N($9O6QE M/3-$9F]N="US:7IE.C$R.W!A9&1I;F2!T87AEF4Z,3([<&%D9&EN9RUT;W`Z,CMP M861D:6YG+6)O='1O;3HP.W!A9&1I;F'!O2!O M2!G;R!U M<"!O2!A;F0@=6YP2!A2!H96QD('-E8W5R:71I97,L M(&1U92!T;R!N87)R;W<@;6%R:V5T2!024U#3R!W:6QL(&YO="!P"!D979E M;&]P;65N=',@;6%Y(&%F9F5C="!T:&4@:6YV97-T;65N="!T96-H;FEQ=65S M(&%V86EL86)L92!T;R!024U#3R!A;F0@=&AE(&EN9&EV:61U86P@<&]R=&9O M;&EO(&UA;F%G97(@:6X@8V]N;F5C=&EO;B!W:71H(&UA;F%G:6YG('1H92!0 M;W)T9F]L:6\N(%1H97)E(&ES(&YO(&=U87)A;G1E92!T:&%T('1H92!I;G9E M"!T2UL:6YK960@ M9&5R:79A=&EV92!I;G-T2!I M;F1E>"UL:6YK960@;F]T97,L('-W87`@86=R965M96YT2!B92!A9F9E8W1E9"!B>2!F=71U2!O6EN9R!I;F-O;64B M('5N9&5R(%-U8F-H87!T97(@32!O9B!T:&4@0V]D93PO<#X@("`@("`@("`@ M#0H-"B`@("`@("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@("`@ M("`@#0H-"B`@("`@("`@("`@(#QP('-T>6QE/3-$9F]N="US:7IE.C$R.W!A M9&1I;F6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F2!T M:&%N('1H92!A8W1U86P@8V]S="!O9B!T:&4@:6YV97-T;65N="P@86YD('1H M92!R:7-K('1H870@=&AE('1H:7)D('!A2!F86EL('1O(&AO;F]R(&ET6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F2!024U#3R!I9B!I="!C;VYT:6YU97,@=&\@8F4@=6YD97)V86QU960@ M8GD@=&AE(&UA&5D(&EN8V]M92!A M;F0@97%U:71Y(&EN=F5S=&UE;G1S(&%R92!S=6)J96-T+B!4:&5S92!R:7-K M2!R:7-K+"!I;G1EF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG M+6)O='1O;3HP.W!A9&1I;FF4Z,3([<&%D9&EN9RUT M;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!A;F0@;6%Y(&)E(&]B=&%I;F5D(&%T(#QU/FAT='`Z+R]P M=FET+G!I;6-O+69U;F1S+F-O;3PO=3XN/"]P/B`@("`@("`@("`@("`-"@T* M("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT M;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F"!IF%T:6]N('=E:6=H=&5D(&EN9&5X('1H870@:7,@9&5S:6=N M960@=&\@;65A2P@1W)E M96-E+"!(;VYG($MO;F2P@4&]R='5G86PL M(%-I;F=A<&]R92P@4W!A:6XL(%-W961E;BP@4W=I='IE7,@52Y3+B!!9V=R96=A=&4@26YD97@@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\Q,#EE93)A-U\S-#$X7S0P965?8C$P-5\Q.3AA8S8U8C(P-#,-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3`Y964R83=?,S0Q.%\T,&5E7V(Q M,#5?,3DX86,V-6(R,#0S+U=O'0O:'1M;#L@8VAA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E6EN9R!024U#3R!&=6YD7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA&%M<&QE M.CPO'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO;BP@,2!996%R/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#$Q,CQS<&%N/CPO&%M M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\Q,#EE93)A-U\S-#$X7S0P965?8C$P-5\Q.3AA M8S8U8C(P-#,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3`Y964R M83=?,S0Q.%\T,&5E7V(Q,#5?,3DX86,V-6(R,#0S+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R7!E/"]T9#X-"B`@("`@("`@("`@ M("`@/'1D(&-L87-S/3-$=&5X=#XT.#5"4$]3/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@("`@("`@(#QT9"!C;&%S'0^4$E-0T\@5D%224%"3$4@ M24Y355)!3D-%(%1255-4/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@("`@ M("`@(#QT9"!C;&%S3PO M=&0^#0H@("`@("`@("`@("`@(#QT9"!C;&%S2!;5&5X="!";&]C:UT\+W1D/@T*("`@("`@ M("`@("`@("`\=&0@8VQA'!E;G-E2&5A9&EN9SPO=&0^#0H@("`@("`@("`@("`@(#QT M9"!C;&%S'0^("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@ M("`@(`T*#0H@("`@("`@("`@("`@("`@("`@("`@("`@("`@#0H-"B`@("`@ M("`@("`@("`@(#QP('-T>6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F'!E;G-E($YA'!E;G-E3F%R'!E;G-E'!E;G-E'!E;G-E'1=/"]T9#X-"B`@("`@("`@("`@ M("`@/'1D(&-L87-S/3-$=&@^'0^("`@("`@("`@ M#0H-"B`@("`@("`@("`@("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@#0H-"B`@("`@("`@("`@("`@(#QP('-T>6QE/3-$9F]N M="US:7IE.C$R.W!A9&1I;F'!E;G-E'0^("`@("`@("`@#0H-"B`@("`@("`@("`@ M("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@("`@("`@("`@("`@#0H- M"B`@("`@("`@("`@("`@(#QP('-T>6QE/3-$9F]N="US:7IE.C$R.W!A9&1I M;F'!E;G-E65A'0@0FQO8VM=/"]T M9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S/3-$=&@^6QE/3-$9F]N="US:7IE.C$R.W!A9&1I M;F&%M<&QE M('1A8FQE&%M<&QE($YA'!E;G-E17AA;7!L94YA'1";&]C:SPO=&0^#0H@ M("`@("`@("`@("`@(#QT9"!C;&%S'0^("`@("`@("`@#0H-"B`@ M("`@("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP M.W!A9&1I;F&%M<&QE(&ES(&EN=&5N9&5D M('1O(&AE;'`@>6]U(&-O;7!A6]U65A6]UF4Z,3([ M<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F4YA'1";&]C:SPO=&0^#0H@("`@("`@("`@("`@(#QT M9"!C;&%S'0^("`@("`@("`@#0H-"B`@("`@("`@("`@("`@("`@ M("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([ M<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;FFEN9R!H961G:6YG('1E8VAN:7%U97,@=&\@;6%N86=E(&1O=VYS M:61E(')I2X@5&AE M(%!O2!S96-U M&5D($EN8V]M92!);G-T2!V87)I;W5S(%4N4RX@86YD(&YO;BU5 M+E,N('!U8FQI8RT@;W(@<')I=F%T92US96-T;W(@96YT:71I97,N(%1H92!0 M;W)T9F]L:6\@;6%Y(&EN=F5S="!I;B!);G-T:71U=&EO;F%L($-L87-S(&]R M($-L87-S($T@2!F=6YD2!397)I97,L(&%F9FEL:6%T960@;W!E;BUE M;F0@:6YV97-T;65N="!C;VUP86YI97,L(&5X8V5P="!F=6YD2!A;'-O(&EN M=F5S="!I;B!O=&AE2`H=&AR;W5G:"!A M(&9U;F0I(&EN(&EN2!T M:65D('1O(&%T(&QE87-T('1H2!B92!T:&4@56YI=&5D(%-T871EF4Z,3([<&%D9&EN M9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!R97-U;'1S(&9R;VT@&EM871E;'D@,3`E+B!!(&AI9VAE M6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;F'!O&5D($EN8V]M92!);G-T2!A M9&IU2!L:6UI="!I=',@97%U:71Y M+7)E;&%T960@97AP;W-U2!I;G9E2!I;G9E M6EN9R!024U#3R!&=6YD2!-;V]D>2=S($EN=F5S=&]R2X@5&AE(%!O65D(&1E;&EV97)Y M(&]R(&9O'!OF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D M:6YG+6)O='1O;3HP.W!A9&1I;F6EN9R!024U#3R!&=6YD6EN9R!024U#3R!&=6YD2!B92!A9&1E9"!O'0^("`@("`@("`@#0H-"B`@("`@("`@("`@ M("`@("`@("`@(`T*#0H@("`@("`@("`@("`@("`@("`@("`@("`@("`@#0H- M"B`@("`@("`@("`@("`@(#QP('-T>6QE/3-$9F]N="US:7IE.C$R.W!A9&1I M;F'0@0FQO8VM=/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L M87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@ M("`@("`@("`@(#QT9"!C;&%S'0^("`@("`@("`@#0H-"B`@("`@ M("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A M9&1I;FF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I M;F6QE M/3-$9F]N="US:7IE.C$R.W!A9&1I;FF4Z,3([ M<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!R96QA=&5D('1O(&$@<&%R=&EC=6QA2!O M6QE/3-$9F]N="US:7IE.C$R.W!A9&1I M;F6UE;G1S M/"]P/B`@("`@("`@("`-"@T*("`@("`@("`@("`@("`@("`@#0H-"B`@("`@ M("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A M9&1I;F2!R:7-K('1H86X@82!P;W)T9F]L:6\@=&AA="!D;V5S M(&YO="!I;G9E6UE;G1S/"]P/B`@("`@("`@("`-"@T*("`@("`@("`@("`@("`@("`@#0H- M"B`@("`@("`@("`@("`@("`@("`@("`-"@T*("`@("`@("`@("`@/'`@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O M;3HP.W!A9&1I;F6QE/3-$9F]N M="US:7IE.C$R.W!A9&1I;F2!M87D@9&5C;&EN92!F;W(@82!R96%S;VX@9&ER96-T M;'D@6QE/3-$9F]N="US M:7IE.C$R.W!A9&1I;F2!2:7-K.CPO8CX@=&AE(')IF4Z,3([<&%D M9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!B92!A9F9E8W1E9"!B>2!C:&%N9V5S(&EN(&]V97)A;&P@;6%R:V5T(&UO M=F5M96YT2!OF4Z,3([ M<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F'1R M96UE(&-H86YG97,@:6X@=F%L=64@=&AA;B!A('!OF%T:6]N+"!E>'!R;W!R:6%T:6]N(&]R(&-O;F9I2!T87AA=&EO;BP@8W5R2!L:6UI=&%T:6]N"!R:7-K6QE/3-$9F]N="US:7IE.C$R.W!A9&1I;FF4Z,3([<&%D9&EN9RUT;W`Z M,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;FF4Z,3([<&%D9&EN M9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;FF4Z,3([<&%D9&EN M9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!A('-M86QL97(@8V]M<&%N>2!M87D@9V\@=7`@ M;W(@9&]W;BP@F4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;F2!A9F9E8W0@=&AE(&EN=F5S=&UE;G0@=&5C:&YI<75EF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG+6)O='1O;3HP M.W!A9&1I;F2!O M<'1I;VYS+"!F=71U2!I;G9E2`H96%C:"!A(")3=6)S:61I87)Y(BDL('1H92!0;W)T9F]L M:6\@:7,@:6YD:7)E8W1L>2!E>'!O2!T;R!T:&4@2!N;W0@:6YCF4Z,3([<&%D9&EN9RUT M;W`Z,CMP861D:6YG+6)O='1O;3HP.W!A9&1I;FF4Z,3([<&%D9&EN9RUT;W`Z,CMP861D:6YG M+6)O='1O;3HP.W!A9&1I;F&5D(&EN8V]M92!A;F0@97%U:71Y(&-H87)A8W1E XML 9 R2.htm IDEA: XBRL DOCUMENT

(PIMCO Global Diversified Allocation Portfolio)

Investment Objective

The Portfolio seeks to maximize risk-adjusted total return relative to a blend of 60% MSCI World Index/40% Barclays U.S. Aggregate Index.

Fees and Expenses of the Portfolio

This table describes the fees and expenses that you may pay if you buy and hold Advisor Class shares of the Portfolio. Overall fees and expenses of investing in the Portfolio are higher than shown because the table does not reflect variable contract fees and expenses.

Shareholder Fees (fees paid directly from your investment): None

Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):

Annual Fund Operating Expenses (PIMCO Global Diversified Allocation Portfolio)		Advisor Class
Management Fee		0.85%
Distribution and/or Service (12b-1) Fees		0.25%
Other Expenses	^[1]	0.01%
Acquired Fund Fees and Expenses	^[2]	0.48%
Total Annual Portfolio Operating Expenses		1.59%
Fee Waiver and/or Expense Reimbursement	^[3]	(0.49%)
Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.10%

[1]	Estimated organizational expenses for the Portfolio's first fiscal year.
[2]	Acquired Fund Fees and Expenses are based on the estimated amounts for the Portfolio's first fiscal year.
[3]	PIMCO has contractually agreed, through May 1, 2014, to waive, first, the advisory fee and, second, the supervisory and administrative fee it receives from the Portfolio in an amount equal to the expenses attributable to the Management Fees of Underlying PIMCO Funds indirectly incurred by the Portfolio in connection with its investments in Underlying PIMCO Funds, to the extent the Portfolio's Management Fees are greater than or equal to the Management Fees of the Underlying PIMCO Funds. This waiver renews annually for a full year unless terminated by PIMCO upon at least 30 days' notice prior to the end of the contract term.

Example. The Example is intended to help you compare the cost of investing in Advisor Class shares of the Portfolio with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated, and then redeem all your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions. The Example does not reflect fees and expenses of any variable annuity contract or variable life insurance policy, and would be higher if it did.

Expense Example (PIMCO Global Diversified Allocation Portfolio) (USD $)	1 Year	3 Years
Advisor Class	112	350

Portfolio Turnover

The Portfolio pays transaction costs when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in the Annual Portfolio Operating Expenses or in the Example tables, affect the Portfolio's performance. During the two month fiscal period ended June 30, 2012, the Portfolio's portfolio turnover rate was 0% of the average value of its portfolio.

Principal Investment Strategies

The Portfolio seeks to achieve its investment objective by investing in a combination of Acquired Funds and/or direct investments and utilizing hedging techniques to manage downside risks and total portfolio volatility. The Portfolio will invest under normal circumstances in a combination of affiliated funds registered under the Investment Company Act of 1940, as amended (the "1940 Act"), equity securities, Fixed Income Instruments, forwards and derivatives. "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. The Portfolio may invest in Institutional Class or Class M shares of any funds of the PIMCO Funds and PIMCO Equity Series, affiliated open-end investment companies, except funds of funds ("Underlying PIMCO Funds"), and may also invest in other affiliated, including funds of PIMCO ETF Trust, and unaffiliated funds, which may or may not be registered under the 1940 Act (collectively, "Acquired Funds"). The Portfolio will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. The Portfolio may invest, without limitation, in any of the Underlying PIMCO Funds (except commodity-related Underlying PIMCO Funds). The Portfolio will invest either directly or indirectly (through a fund) in instruments that are economically tied to at least three countries (one of which may be the United States).

The Portfolio's investments will be utilized, in part, in seeking to limit the Portfolio's overall volatility. Volatility is a measure of the magnitude of up and down fluctuations in the value of a financial instrument over time and typically results from rapid price swings. For example, in a more volatile market environment, PIMCO may decrease long derivative positions in volatile assets or assume a short position through derivatives in such assets in an attempt to potentially reduce the Portfolio's volatility. PIMCO's use of Acquired Funds and direct investments in seeking to manage volatility will be consistent with the Portfolio's target asset allocation guidelines described below. Under normal conditions, the Portfolio will seek to target an annualized volatility level of approximately 10%. A higher volatility level indicates more frequent or rapid up and down fluctuations in the value of the Portfolio relative to a lower volatility level. There can be no assurance that investment decisions made in seeking to manage Portfolio volatility will achieve the desired results.

On average, the Portfolio will target approximately 60% equity-related exposure and 40% Fixed Income Instruments-related exposure; however, the Portfolio may adjust its overall equity exposure in seeking to manage the Portfolio's overall volatility. The Portfolio will normally limit its equity-related exposure to 15% to 80% of its total assets. The Portfolio will typically seek to gain equity-related exposure by investing in derivatives, including, but not limited to, options, futures contracts or swap agreements, common stock, preferred stock, equity securities of real estate investment trusts and/or equity-related Acquired Funds. With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Portfolio may invest. The Portfolio may invest up to 10% of its total assets in commodity-related investments (including investment in commodity-related Underlying PIMCO Funds). The Portfolio may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Portfolio may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries. In addition, the Portfolio may invest in both investment-grade securities and high yield securities ("junk bonds"), subject to a maximum of 10% of its total assets in securities rated below B by Moody's Investors Service, Inc. ("Moody's"), or equivalently rated by Standard & Poor's Rating Services ("S&P") or Fitch, Inc. ("Fitch"), or, if unrated, determined by PIMCO to be of comparable quality. The Portfolio may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.

As part of its investment process, PIMCO will seek to reduce exposure to certain downside risks by implementing various hedging transactions. These hedging transactions seek to reduce the Portfolio's exposure to certain severe, unanticipated market events that could significantly detract from returns.

Additional information for the Underlying PIMCO Funds can be found in the Statement of Additional Information and/or the Underlying PIMCO Funds' prospectuses and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without shareholder notification.

Principal Risks

It is possible to lose money on an investment in the Portfolio. The principal risks of investing in the Portfolio include risks from direct investments and/or indirect exposure through investment in Acquired Funds. The principal risks of investing in the Portfolio, which could adversely affect its net asset value, yield and total return are:

Allocation Risk: the risk that a Portfolio could lose money as a result of less than optimal or poor asset allocation decisions as to how its assets are allocated or reallocated

Acquired Fund Risk: the risk that a Portfolio's performance is closely related to the risks associated with the securities and other investments held by the Acquired Funds and that the ability of a Portfolio to achieve its investment objective will depend upon the ability of the Acquired Funds to achieve their investment objectives

Equity Risk: the risk that the value of equity or equity-related securities may decline due to general market conditions which are not specifically related to a particular company or to factors affecting a particular industry or industries. Equity or equity-related securities generally have greater price volatility than fixed income securities

Interest Rate Risk: the risk that fixed income securities will decline in value because of an increase in interest rates; a portfolio with a longer average portfolio duration will be more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration

Credit Risk: the risk that the Portfolio could lose money if the issuer or guarantor of a fixed income security, or the counterparty to a derivative contract, is unable or unwilling to meet its financial obligations

High Yield Risk: the risk that high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") are subject to greater levels of credit and liquidity risks. High yield securities are considered primarily speculative with respect to the issuer's continuing ability to make principal and interest payments

Distressed Company Risk: the risk that securities of distressed companies may be subject to greater levels of credit, issuer and liquidity risk than a portfolio that does not invest in such securities. Securities of distressed companies include both debt and equity securities. Debt securities of distressed companies are considered predominantly speculative with respect to the issuers' continuing ability to make principal and interest payments

Market Risk: the risk that the value of securities owned by the Portfolio may go up or down, sometimes rapidly or unpredictably, due to factors affecting securities markets generally or particular industries

Issuer Risk: the risk that the value of a security may decline for a reason directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods or services

Liquidity Risk: the risk that a particular investment may be difficult to purchase or sell and that the Portfolio may be unable to sell illiquid securities at an advantageous time or price or achieve its desired level of exposure to a certain sector

Derivatives Risk: the risk of investing in derivative instruments, including liquidity, interest rate, market, credit and management risks, mispricing or improper valuation. Changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index, and the Portfolio could lose more than the principal amount invested

Commodity Risk: the risk that investing in commodity-linked derivative instruments may subject the Portfolio to greater volatility than investments in traditional securities. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments

Mortgage-Related and Other Asset-Backed Securities Risk: the risks of investing in mortgage-related and other asset-backed securities, including interest rate risk, extension risk and prepayment risk

Foreign (Non-U.S.) Investment Risk: the risk that investing in foreign (non-U.S.) securities may result in the Portfolio experiencing more rapid and extreme changes in value than a portfolio that invests exclusively in securities of U.S. companies, due to smaller markets, differing reporting, accounting and auditing standards, and nationalization, expropriation or confiscatory taxation, currency blockage, or political changes or diplomatic developments. Foreign securities may also be less liquid and more difficult to value than securities of U.S. issuers

Real Estate Risk: the risk that a Portfolio's investments in Real Estate Investment Trusts ("REITs") or real estate-linked derivative instruments will subject the Portfolio to risks similar to those associated with direct ownership of real estate, including losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. A Portfolio's investments in REITs or real estate-linked derivative instruments subject it to management and tax risks

Emerging Markets Risk: the risk of investing in emerging market securities, primarily increased foreign (non-U.S.) investment risk

Currency Risk: the risk that foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar and affect the Portfolio's investments in foreign (non-U.S.) currencies or in securities that trade in, and receive revenues in, or in derivatives that provide exposure to, foreign (non-U.S.) currencies

Leveraging Risk: the risk that certain transactions of the Portfolio, such as reverse repurchase agreements, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivative instruments, may give rise to leverage, causing the Portfolio to be more volatile than if it had not been leveraged

Smaller Company Risk: the risk that the value of securities issued by a smaller company may go up or down, sometimes rapidly and unpredictably as compared to more widely held securities, due to narrow markets and limited resources of smaller companies. A Portfolio's investments in smaller companies subject it to greater levels of credit, market and issuer risk

Management Risk: the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results and that legislative, regulatory, or tax developments may affect the investment techniques available to PIMCO and the individual portfolio manager in connection with managing the Portfolio. There is no guarantee that the investment objective of the Portfolio will be achieved

Tax Risk: the risk that the tax treatment of swap agreements and other derivative instruments, such as commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity options, futures, and options on futures, may be affected by future regulatory or legislative changes that could affect whether income from such investments is "qualifying income" under Subchapter M of the Code

Subsidiary Risk: the risk that, by investing in certain Underlying PIMCO Funds that invest in a subsidiary (each a "Subsidiary"), the Portfolio is indirectly exposed to the risks associated with a Subsidiary's investments. The Subsidiaries are not registered under the 1940 Act and may not be subject to all the investor protections of the 1940 Act. There is no guarantee that the investment objective of a Subsidiary will be achieved

Short Sale Risk: the risk of entering into short sales, including the potential loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the Portfolio

Value Investing Risk: a value stock may decrease in price or may not increase in price as anticipated by PIMCO if it continues to be undervalued by the market or the factors that the portfolio manager believes will cause the stock price to increase do not occur

Arbitrage Risk: the risk that securities purchased pursuant to an arbitrage strategy intended to take advantage of a perceived relationship between the value of two securities may not perform as expected

Convertible Securities Risk: as convertible securities share both fixed income and equity characteristics, they are subject to risks to which fixed income and equity investments are subject. These risks include equity risk, interest rate risk and credit risk

Please see "Description of Principal Risks" in the Portfolio's prospectus for a more detailed description of the risks of investing in the Portfolio. An investment in the Portfolio is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Performance Information

The Portfolio does not have a full calendar year of performance. Thus, no bar chart or Average Annual Total Returns table is included for the Portfolio. Performance is updated monthly and may be obtained at http://pvit.pimco-funds.com.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 24 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market,with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

ZIP 10 0001133228-13-000476-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001133228-13-000476-xbrl.zip M4$L#!!0````(``]W34*H==9!&B```)25```1`!P`<'9I="TR,#$S,#(P-"YX M;6Q55`D``^[O&U'N[QM1=7@+``$$)0X```0Y`0``[3UK=QNWE=]S3OX#EKN) M[3VD1$EV8RMV>F1)WJCQZTART^Z7''`&)!$/9QA@1A3SH;]][P.8P;PHRFLW MM=R>MA9)#'!QWR]@GO[Y>I&(*V6LSM)G@[V=\4"H-,IBG#=Y=OA@]'OSY MAZ^_>OH?HY'XV_/SER+.HF*ATEQ$1LE[GIA$'^+_"U@_M8=+O8BR9X-YGB\/=W?I MT^[^>.]@O#]^-'!C$IV^+X>L5JL=?'XG,S,8.3[8Q9\GTBH_O+"C?+U4MGR$ MAA=VU_^`CST9C?=&!WO^&1P2Y_4GW`*/=OE'/]28^C"KHIU9=K5K#`(^'HWW M1_N/_>!8Z188\%T?!+H3@C\Q!+H<:G4-':L#/W)O]V^O7EY$<[60(YW:7*:1 M"A?0&]#8'*]M]G!_[[M-3_"(T^>/-FE7P?``T(\Q3\/+8%YKJ:" M?CI$TCP;6+U8)@@#?3YJ8H2W-UG0L=/QM$ MO$+Y&_"KSM?NN_);'>/W4PT\2U"H&M2>H,=G/PU^&`-2QP^_.Q@_?+K;?-@O MM=NQEEMIJ8S.XN;Z@&B3@YBH'W!7R#'5]-5OC8=4&O<\XG^I@Q,L[;]RF.I% MWB\7L-WQP9\>/QK_<@3_^0.06>%(S5#;E%^['V(`XWJ9Z$CGK]1B`HO&&L:Q M%@/).GRI9C(Y)4B/KK4=_$`ZY;#:&3_V=+=SMELO=^*TXEDZS+ M#V'$!\U,_&0W0FUIR(?"#4BD-1I+Q/H*A+))(7SP-;"7D7G6XM:M-QW2L'O& M8+D3E68+G6Y>\"9$-%=L3^I_#?;=QEXHO MCM^(OQZ=GQT]?WDJSEY?O#L_>GU\*B[/WUU<\C)=\S17.08PC$S.TEA=_Z36 MS65"U=[[4#7G$>PJQIV]2.2L.==4)E;Q-+5Q_'A-Z_8@L=0BK<'E'.?:OC]7 M>6'2$Y5+G5S*2:(N89KG21:];\[Y;9)_#QPB;+Y.P,#%VBX3N3X4:9:JP;>S M_/M_B)X0Q&2)VFTNAA'9UU]%65(L4L':#%9<+&64B__^^BN3K03L_I<;M'S7 M(PWSUQQBS"]])JMKJ#*T,`0AKUBHN@8NC5Y(LZZ^%O]`=.T"OA`S1(3-V"Z) M\F;R*T"FK]2/2F+@6R=#VQOV6D%4"J+VGYZO^WY%L)>>QE-8>F3U[^IP;__[ MI8P1GE&>+0^K3Y,LS[/%X;C\(E'3'#X21^!D$_QC.[#.TBMESF0%A!/U$(W:Z2+0E(9KX+BER M>KT$K_`+E)872EDA@1X.`Q8)D]=(??L=WG+D/TDI^,%8V,GH"E$.R33T]E:=G/I>Y6&<%2.I:+.%_>DH?)\6:!LXSD+VC^`I< M3B/(B`EV`UN7(&;F20=J\!838H7Q4>G#1:"Z<1`VNX#:H^?@:HIOJE=E>8I`%B/6Z\LMCBPW#^S=RE*8%.`.5.B@165F=^VU] MA;I*R6@NUDH:(4'JT<./@%WD3'GE="63@CZT.&K[#>UV[>B?Y2/V\%33/)U> M2RP??%Y6:AN4$D;=[G8":J"[Z;X68.LT;!*\/W0LQ5PE2^(0"I0,&Y`HLWG+ M"FUEUKCNTH'7H)AEI M;+_E/'1Z*3)=5UZ%!,T$`7[E70"`Y8^)G@+KI1"M8]PNEH"0:,WD*F%S^P*7 M2N=@XN(/=T9Z!;Q*UGBJ7`+I,O#$OKQHI9)9CX-MH/WX6KN/%/VT^BST=3W$ M7V($CFE,"Y+!;@[)):HJX':('UBZK$H24*XJ*HS.-=IRD*(!ZA<0.-CZ`$:# M$^CG?0#ZPLM-^:7(/3T-!OJH-;R&+`.')B0D_=9I[2'`I4&9H3D(=``H#J>I MMG%",N-'>YU"80E,+J=3U"A-Y;BL\GH[X@3V#[.1JE]E8@'$F(NIMA$LZU*3 M;,+^4H"#>S`>"LQ2#]N3]B!E!\]>0AZ![W`!>NB^SA^@%_CD,&#H5"_D4M4Z?.A>*&O%>9G`1BW%9X9+$^%":I2/ZL"PFX*N-4)\O"20U@OES^$CU=ZUL MDR1L<(@B@':$5N<%(AVHPL%#&46\"N((Q"S3P0<55"0L&$O>C+$E8 M:!/PHP=UN1P\V"0FL`5;P)H.@)`Y0^:H6">4:Q!;"J"NX M(22JNE888USAGA*MB+C@4IALT<\Y0PHDLR*'R`%6()D=DA3#A(X_N@F'V0\B M-)!^D<7`*R,JF0",W0]LQ)72A($RX49>3?D)!-Y0K"8)F0\0P!"%%`2B%Z7` M5F0+<,$2>`I03:$W_)8H:=$3,@I=KP(")_;Y4O)"*M:8*+=CC?NX`'PH@'LK M^_?I[,H]6^,,0AL`REJ?Q0+\7I/3'VB#R`)D3-%V;.S2X:&J_VOY-Z8MI'!- M%)X!%G(&"$'M!U\42]:;F`R?)@7&S137>B^T].V`5F`$P`.124`L6I_3"F2` MUDM'+=!.10+;HU2KD4L=HQZ$&-:N8#^@_%Z@*F07ESD4O%6`T>T#H33O%7!2 M>J5-EN):0\=^2-E88:,T>-Y)!MBIM#X8/ZO+#923@=)4.2E0SDW`:A#QF[P< M+CQ+!@:DE'CW-(D1L%^.D.G3]#E$-1Y MP)G^:M:2?4!2+"H^($F92PH!R:69`3II*YC>R2(VZ+,"7(A$I[!=7\7!K$*2 MK798\$O'`"PE8[81+C`(""1I.;=.2HD-22P=PIN`(Y40/RV7)KO6"Y!)0-_> M^)L@)FN-]X&892:9&O`0B/N,XZVMV;@.>KTJ3'FAUN*DYV#12&*Y"-!!/,0) M&=)4@=T$MM26UEW(6'43[VV'>\8X]'XFP@C$(.9PZ!AE#[8/TPN)[,0>"7/E47=W><96?7'*O`IW76"[8 MB?UM]&>'76,A@!VR%L9E^_8):^T]^@;_>@M@*_:B@FX`J@9T1@D_T$_V+IQ'A:0'2O;)EZ)`5I5Q)D:0:FU?G7 MY!``*G,(WH:@Q-54&>1,]T7+5\E@TN*%XY.C3E>%/8V]U?;@C?D8U M!N`M*>N1$1J=@@SY]*XW/!'HE1SU%_\(\EY5 M?"@`,#0].QMM_F0H-OCXH+&04[I9!&=N.V+ASNY7SG.`X,['MO3?MO`B`R+' MOOF2TUL0A"D]@]4+X`UP$EP,!;]0-!2#VRW-*'RHSC#^>8?9&_&V_Z@7;XTP M;GO'$AC>4+CM.95F\!H7'@7D& MW`NQX!5X9.X(V?V!&X%K.^D$JPF;0.^&9UNC#YW&$&V+;\%S^Q[_!ZC(#,Q[ MSHE,-RENYZ(<\W;P`*=\H?-H7BY'GWBQ(58OBM1P6!BK'..CE%=DE@4D3$C\ MN-Y&Q9'?T+UHZVOJ,2E,-$?WT">':^R&SB:FD$<.DZ)%/8YCS(Y527%RWQXUV_-I9N6N`L4B^8?.+2` MR"/7F/U$/O2AP54EU!%5PRRH$#T%L2:F!3[B=AT*0:C:^(?0QRD.BIO*WM^R M)-L3CCMO$#]6T04NQMZW],]]#MG!-PTX?58&=49@\!#(& ML_<`Z.)KV##FD`S*C@IJ'>Q;E(;$!FTYX(\0D7#^#R@2]*>6:_W@7W*!X)P$ M][:;Z=_1QZ\;!!2J4>WSJA>A%@MJR&@T2)FFP,P+<9;4F,Y,VG+-&+R,: MKF5)-5:WF[L8?=Z:QY)FZZXB[(8^=\:+)^.92TL8SSYCN&@ M*UFB64K+Y`.%XD/G_U15"]<.`FKB<"N=\,=0_"8(2I$]JE(LR-=AH5X93`$@!<#`L=Z]B#(=9&2PO9)S6JN=UJDR$I.PSA-)$!^GL*U.OI*-P14H/R>QQ,N42^J[E9FT6ZNJ^!VI&Z MJDBA<,Z1[\&IHHZ`=@ZP[("2$TX-4>XU:(7?IB!)KEZLEEC6*98NL`TF[%@[ MF!9^U:9S8GL7>,.5PC8S12UIZ'(([9Q%0&R7E<94JH@+,@8SE6)RJ8HG?0:U MT2B"WAAY1$F=T20Y]CHJL``9N2HJ.G>9F,J(8CC6L*B3:X-!\Q<0]OK""_Y- M<>SI%AMQ4`,H6$=UO3?5 M[W%A6/7[D@"ERBV>-/\@2><5)16-:&(W(:Z<:-"WF)5ESV%'_-@- MI'&5O)@Z&/@TKL:B`)B(PM6J5HW$>,5V]SB7K]."+(*S]U3\>!^Z])P7=0I@ M*=?DF-P%'CG!0^_@)`/N?-?19EZI?-RL>..>.?5-V.)#%5/BGO)JV_&BO?>% M\^(K]OINX6:&A%FY]'>[V##+L`:"&3<8-!06[`GV7UBNA'.S39$BR72$O<-@ M9)P_VG8::_XK@ANZ?QA;MES*N^+@CBR--HU5Q_3N!BB2XM!M^]P:D2+ M+!%#WTWB:M$+UPKFP\UA8+M1M9##A>+!"7,L3RPH7>M\AE+GSS(\SH.U6U=\ MN0L4>EGJSYNB]QJ3EC&K4]NQGD[Q1V[8\64APE62]!PY\L\Z5RO/>#`Z6PA3 MS6!SJTM\)>E((-9%J!DJ\P$3LD<0K?NVCK(-)JQZR*#N@9)Z%\AX$O13]1*R MF5P,?%\=MOI6->_2N@[KD%PS2%LF#,V&$O%@:/&-&PLYE M"7%8I6IXP%LM5=S#/42JTHFK(3MPZ9KYC48S M"81A95TL]*LN0Q:Y#4!802-KS-8^"-!]8Y)+'BW@<]B00U@B]@E@'O9'^!1I MWB)K5"Y26:V8:@?`O=,$#4)#Y"W3!Z+B/DF<#K[Y.%=E%FX22N[YXFG_#D]=[UJH\H8!A:8<@- MZY8:H%#Z<#[P+)V;3M_=!:*\<-U']U^[XQL/PO,KM]!%OHWI?EI.U$@1NV). MJ["'YX/!N4[))I'*Y\96/CL,$1K>!E<)-RN;[J"2(<*&"J"LI:,.C>8@X!MJ MRPJ.>;@0P6*7(QXUYVA@2/Z3HD.%W!M`784RHGP5*1"`3Q:H%#&<<-U!EDV: MEW/70X?L`%,'*A6ZO([PB*`S5,LD MP]Z'J*8JJ+^<2-'`/QU*`:U+I33GSY&/@"BO.8L!BCM0YX+

IE#6-8SA/(#Z7W/1Y?W!^>G9IN1,LZ`^]P4ARTU*?V68UZ!-X%&UE?#Z_ M5I?S;:,05!L[U\M&BVK-L&H=RP9:1_SU*"0J[@0V`&JT9,ZE\S[`FPVYJ3Z/AZ M8^NN!.RK[SM\@E1#JMR.)IX<.J\:JXG4Y,?*:R;+71"-4]\2^LIE1[8.89K- MI*')K=*ZOO83=UF.()B]*X;VV"OV&\II;60$C<7=1;7P*`=UOU5]QVRDNH_/ M-Z1A\\I\.#^P!IP[,'S68^A\UTCQH;TKE1:D'X;NP?!L$3T)\HL7U89)@.%F M$.X"$[SDW!8*QV8V\-F06A=I\PQ/%9\@QHU%S%?MO\$YAB23_'CE+H5"Z6-P M5YC]D/[@$,XA]T1VYS$HC4M,HBVWC2E_T@8KP]I=X5`S=;Z@6YYIX_B4;GV9 MR]B=?U5I.=>=R`A<.']TNVI.7S:].K`M2P_7]U-LE5+GXF&04T=^,6N3[1SD8B/Y8`+D`'/NGID#4)]HP5OC6\8Z/YR ME;--%)AS0ORN&)I7E5-R,\N$)Y2JFQ9(F7/0*Y,U]4J#^Z;#4PGN:!@I\K*G MO7%RK\HQ)W@TG8U4Z-MQ#P!X36'\PK%*9;)Z0+R2X/BZ'#6#Y-48]GZ";2EJ M]T&PJV8X:Y:F*G+](OF04G-QPK`Y6U_5+4IL,16&T_YK*LV)` M31K3-3O;.';@KE*X*"8P_1+UW2O/B,=9K.X"R\'>K(XUWL^^D?.&K>.AWI/J M.P5V.Y?G;D@*5W][0 MNW,-OGG93D>-V24@Q"13,)W<&)]B=)97QZ`%'C^TE2LN&3PW3Z,)65OX1#S`$)_=*SXGC%M<@Q-=:35RA ME%8L>U^9X&4Y5SY-4-WNS5M@J/*L`C7."/0L`G_]+I#T MR$QT3JTC6W>^^7`YQK]L(5/6F7@8Q\]EW:$[$5Z"FV,G5]G[P"J0KD<&A1B[ MA`PH6$RX3E2^PN"T7DM?9'A\J M#]>ZUC`N+-&+_ M?U['@.OW3Y0]W71\"F^E(3\$WS@D#=]TCDGH\-K>RWD!NAJBC0D>0YC3;0Y& M'+D64'=M\"4=D^47;_D7K^A2`U=MH8'6>%L_RU@L8[X_`:\%=EE-%[]G$XP/ ML6,D)]P4N"__WN@KG>_0.RA'?/4\6`IB$1KT!UVGUWQI$]]T-\4;`:=))O/J M-5#=]_FLE)[-^;X"?)HC8.[/G*4NI^NNS4.D.OOFY@K/B&(+/2?NRK5'FXO]1"/$:_@`DX1<_XM5Y/V78T'&&SAH./K-& MJ@3^!53!T+_(I4R'XC5E97"$Q0\K\;]*\OC76`6!@P'PGV`A:X M6$HL?EVLP+30OSK_G:?A_(&[E_$G>"+.%E4H5[NOD7&Y\75<6/$!?X-KTXWB M''HN%Z?'HRIS,*1&DPE>.\A7QE&),+B:B%?4CF184ZH*BH$1YJM]V'LB1P?/ M!?GV4TIQ^"D62XAH$3@4T=!HHE/DC*NJ50Q\(Q=$L-:._*G]9KFJIZ?+>V@+ M^2OU.;N>/W;A^-68,M[D[8O;0+K/LQ2M=Y2LNDECVW[@`!VO/2Q_!E`@N9 MV&>#L]VWO>&<\?OR(P.M;K(2&SG+I"5V!#-Z#NUAJ M;W^R]RFAVV?HMEV\>C$3:DB/WP`X?$%O?*!PZ;WOOGLR^+C0CO?X#3[=BU=2 MY([Z(S,@_+"CC:#N?P)0'SYFKMP&E.:;ASX5M?<>/0G??](%`<#XL\2B_QMS MKO1B4AA+3-N)MX./C+<1(8YAO!F0$F8PUY\:<`WYOS MZ95W??7/1FMOC[0>//\=`HSQ7D#M\0?1FEZ&OK>WWP$4K[!I^8./L_S!HW'? M\@?]K[FAZQJJ]??.GTZRP_XZ2*2YMD9AWD65G!N0\/^]1*N$KERQ*Z-PQ*T2=$SF9S6Y@`CC*([QX/-- M\'U0$/WU5QN"YYVF`]P/7/N=\\?838`O#[_A;>E]S[1G/.730%?J-E/6'KJ% MM<3A;Z:7=,&GW$9&`("'H_&CD7-U/F`%A@Y['PZG699C]\-+^""NZ:M\O023 M0N=<("X:N&_1A#P;.!JN5JL=>A5\9F:[^P`>6Q@<./B!@QJ>'M1R;5:Z4"LS M?M*YP3W^9\U7X%^`^"JI>Q&[M9D]X+7I?==88Q8_]I>]@_&3\?@V6_*/PC.+ M!.9+9X":=/3N(DBPM2([KNC-955!+>C\.+664*C/X>LKD)(]>N/4PR&5'R1U M0DVUP2N'J=3+[TIGD=5+3XXJ;"'I'HQAWO_ELS9[_==5?ACT$Q&KY3%,R#=C11!$X1. MJ6NWXQ!_1_=5_2(OZNKK7F'8>)-(L_S0!!7#>-__QQ?'F?K&._:6]]X=BID% M4(%$.#PPD*J5=??\XUMUJ=Y!Z4[*X]N M!HWHC&MFRHWZ=TX&+V#&*7>ZN/'I;DU:.D7HR-2%5)K(BPC\>8.4N!&[6(@> M!=+"*P#'-4(!MU#6(969`10_&^SMC)VL-X!''?6OJ;KV>E77WD=478^?//GD MJNO4YO3J`O2>9C)UR6$\!^/U02NK?L^RQO*OU4-6_Q?GQ;U-O$AH_GQY<;^7 M%_<_'B\^?KB__\EYL7YEY0O_XMCRS9!4_`_>0XMGM1SSLD6[&\RZOX%9F0Y; M,NO3781`'^+_P\?_`U!+`P04````"``/=TU"ATIP61T#``!V$```%0`<`'!V M:70M,C`Q,S`R,#1?9&5F+GAM;%54"0`#[N\;4>[O&U%U>`L``00E#@``!#D! M``#%5U%OVC`0?I^T_^"EKS-.8&P%E55MZ:1*5)W**O6M,LD!UA([LYT"_WYV M2&A"PD9I*O)`L._RW7?GC\MQ=KZ,0O0,4C'!!X[7'D_0H'PDPBX1KX$JB%`"Z;G:&AV+Q,6!B#1E]8W-%FA(=44 M78DH2CC[D\!G=,/]%L+8HH6,_^[;CPE5@`P%KOI+Q0;.7.NX3\ABL6@M.BTA M9Z3MNAYYO!V-_3E$%#.N-.4^.,CX]U6Z.1(^U2G_PN/+B0QS@`[9Q-KI85CV26AUS&`BMCT.*$.YABNS]X?ZF3$F!WYJ)9R(E ML78R!LE`F4CIHWH5P\!1+(I#R/?F$J8[,4S17'/']H[=-FZ?VC*?K%'O>+AR MR*',KD*J&B>6@KZ-UT\I5`R^3AHG]X+\-H;7RQBX@NLE+3)JBN46^L$L[V*0 MYM?.9QF@LGVF:;+U0?;AO&X*-?6\,-?_:<;/3..LI7RIJ5N*\DH>M-VT3[Z:DR[@- M$*5AV"`]B]9$]9AY+]OW.%[GVV0!MZ$;H#LWM*2?3`!OT!MD7(?>;(UA2I-0 MOT^1,^PB8;/'.+-CSL@L2U%AJ8$'$.1Q+=.]7T9IB#Q(*/P2B2*+PC-+8IM=KULGCHQ6T_#;)`B::Z97M1(JF1H4 MT-@U5^?K:=>ME5'%?"0QU57&2JE*_[@*6L_K!PMHSX%.RJ?QG$I(H]7*I6)N M4#)7IN1>N]-I]VHE4S$?23*[*F1E4TUA;]ED^_D_7[/S%U!+`P04````"``/ M=TU"EASL_&4D``#Q0P(`%0`<`'!V:70M,C`Q,S`R,#1?;&%B+GAM;%54"0`# M[N\;4>[O&U%U>`L``00E#@``!#D!``#MG5MSW#:6Q]^W:K\#UON25$F66K(2 MVS69J;8N&]7*DK:E;&;*M96BFFB)ZVY2(=FR].T7`,GF#3<)I%2?S+F\G;_3<(Q_,DC.+[7][\=GNV^_[-W_[Z MK__REW_;W45__S2[0&$R7Z]PG*-YBH,?CM\FZ3W>P?[^Y.]OW^^N)D_X%6P&\59'L1S_`:1]!\S]N-% M,@]R5O[&[<]WZ;+*X'!O8TN8@OYKMTJV2W_:G1SL'D[>/F?AF[*(C]%JGFRL ML'^1FR>'^P?[1U4:FH5&0:KDZVPW?WG$V>86EGR=[547Z&T?=O4,OGDPX^SJ&X(% M0@48:;+$,[Q`],_?9N<\U]P'P>,>O;ZW#.[P9[C3(RLQ?D;RV+^#G'<5B7@^8J M\6E1@4WM-WDG\U:N2\IWDG(KPC+,\/SM??*T1^I!<-PG?^[2/W?W#W8/WK,J MI.D?I\^/.,[PZ7-`O7*9S'"(5X^TW4SOLCP-YGEE@-7MES<:-^RURTWO:Y4\ MQ5FR3N>XDS/[8T"!M-Q(\V3`$2NT\\+Q[F\W;_Y:6D&EF1UTF:#:TL>_[-4% MZU=FFK:5"-)Y52;R5T6QRA1[\X0TF\=\MRHANWV1)BLM%U?VDP%NVW.`T\U# MD.*'A/;X9QAGM\'=$M\2_C^1[+]V]):G-8)(JQ@F_#0,(&H!?6$V_F=<<+2J M73,S2``KN$SC>!TLS]9Q>/6(4_*XCN]+D.7HZ-]GA-'@XID@51A#U!K:F$.5 M/3\`&^R0&K:M)7/PV/N=#%;K#E-*WH`;`1^#.@4$?1Q2@XT'HA_T#?>)Z/DX M1##!V5M:R2T_>UX1G89I/3!^:3Y<%+<:FF6)BZDO?D: MVA@EK!&SB-GUZFFEYR*=^9Q:2BM8?@[2KS@_CT/\K-MO:=UBA.&00IG@5]A! MS!#RKFL;XH6:L&W4<=SA#1B)2VZSU-$Y&(6W.SDO6!OJ#YT>;03F9E'V=8;S M=1J?X#R(EE+2%(F-^-(KB`E5U,)>80(5-OP@2:_F-3_#5+`]8/^,@VR=XNES ME(E'Z\U$4$-UCF&H<7J9-?I",_=GN,ZI,7>L+O&V(QI.DE40Q4H>RF3`1+2- M&\WD,^4="NI8P#OI?MA+$7.4Z9NZ[BDRC+T^AN31]LV6>\NL-I M1T!5:K.0M5Y1C`+5U$1!!R+#DI:5DI5O!*6'2>$6GFD/"=QLHIP]K:['H(NZMB+D[CX5XBC MW7J9!V.0_/3'=(7CD"[@.<'9/(W8L+Q+'"^)&5X2HT8L5?FB1L8CHR.I:H,3 M#1>/`<79,K@7T<"NP6#0-`.C/\W1$^&;E>,HSG.C0ZE/RO5[QW3Y'J'N),B[ M8G&3&`DO,VJB?Y4OJC*FJP[QN!S(ZEKCH./C$:@X72SPG(:<)5BTTX!PP34+ M`L8F9X_(X-:VCX;4SR.P<1ZS>1>CM?R)$Q11I0;A15$4$')\B(UHUK?/CJ;W M1Z"(&SGI7`1A!"Y*+,V[U&N]998YT+?:+\.U] MYZJYX'U3QI*_^+2H*//HP M[C8-Z'>@-R^KNV39D:9]S4A?KAD3@:'DKY@]E#K"]*\#+8?LF(-:`?FES->;Q8^=>O+6.PH\ M:T7OJ[O_+5XOW-`_A+L`"),9J:\R;@+!)F]49C[R1_ZJNM8@Z/K:+@_\YM^[ M#*,_8..O=?>DZ8LJR1%\E(9_G4:K(!4&;L3I8*07F0=A8`>5V7L4V%'6G`.& MRO?6'PU)'.HPPDD)]H`0%`&(DXT!'TD1UY[_U%!H8&]/QLE03^"*)[%41YP/'#1G%/A@^"*O:E=CEX MJ&PJOU"7)`01WL[7YQL&?/S.7%WU/ALC?4->F;].TGR1+*/DF%:+!K(XZ\T5 MB4%PD1<$!)F-"=2R40#D"3IR-_3QT9/$ZL8YTSCL?K7.?[YHW`"RH8ZZ0$:? MY&TVUZ'?PC0_VF26?'DXZ3NCOP&/OD"VO^94/L7D::&^Z[3S+&NRX^/C3,L! MW.\^1WJH-4IP'63Y28*SRX3NJQ&1W/'9.E^G7:FU;H'"2%DH*)JH(40M(6(* M5;908+P8D/!V;",&J91PS9*%JBT[ANMP_W&Q7=[Q6WS?!7C?^`@O4HO<"9! MMIT,BDJN<2CP2.:(YHZ2%-'\?4.+6WDN/5+GVP9D&H81Y398-O:M$H/"3PX% MC+0P4.#41E!K^S'/^)'Z@LN1EC96)X_RF2+HM-#*'-"SV9YR:N=R'E?95$[B M)`E!E+.BR0(NX,097(09E2% M@2%G,TD3C(5WTLMU+5,J-!EL0W MF#83'+)2G42L3'%^1JI^OEKA,"+3P^7+=8KGF#Z_BV]%A>!NG2$0S:85`D.< M%@15)2DQWY0%4;!0HS1H4YSJ0V*_P#=U*Z\U0*%B\5":HLD>!]RML#@I``Z: MX9HTH;(\4J9<^EQF[`5>D@IWCXRQZ^8_#H8X.L=IAB\$WBYS?)V.)7YPWK:2 MY7H5<[XI$R2"D[YG&*R1[:`B<_\:6:_.`ARL^ANRM;%,7[.#1VARYZPJ_/W= MQ.G`0.":!VQ[F_P]V(=%66\^'BX\#]@*OS>/C]`F)Q\^[$N:(KL,QD'3&-S( MDN;JC_;-.O(EY_G4A>*7S1*ESSZJ\SLK.K_S M2N=W2IU[/G6A\Y%-P>E,<_5' MYV8=^3KS?.I"9UD\C%V&U-E"/(SFZI7.BG@8SZO=%;$ MPW@^=:&S+![&+D/J;"$>1G/U2F=%/(SG4QQBY#ZFPA'D9S]4IG13R,YU,7.LOB8>PRI,X6XF$T5Z]T5L3#>#YU MH;,L'L8N0^IL(1Y&<_5*9T4\C.=3!SI/Y/&P"6@\;&(E'C;Q*AXV4<;#^CYU MH;,\'C8!C8=-K,3#)E[%PR;*>%C?IRYTEL?#)J#QL(F5>-C$JWC81!D/Z_O4 MBLYT?Y3;A"XD+@Q?-$M>BL1/8Z2XU*R)[&SCFCQAB[LWJ^Q9[N/*+ZUPS8"6 MJZU^9MLM04<^83*03V)%QDV(:'SHRH'#CV]61?7N?XFJ\KM3-CC?Y$B36F$$ MZLL<.2<['GPNHN,!-3&&QR;K4_-K=/^`L_R_UJ00.%V^B!\PLI1&S&@4P029 M,GNTR=^G)XY&W6M8QE``\*.N[\C=CK[GVFQTQ2V)H%,7)(;9=DQ:$!NMU(_. M7%YOSLYD6AJ,P(QD,""YP2([4`,#<2_OSY!`[0%=DIP-#RZ2;WJC`TE"L[,Y ME04PH:;(W<^A@;KFC2,\G7O_^QH7P/C:\:B`6Q!!Y\Y/"]*O2XMAH7'ZT9=+ M:]WOQK7\[YX6R7!`G-X>-5"#`6&W[L]80%E_38:$(.E5L<)5;]E."N#>F0X)>5AK2)5P">^#Y0^9?%@ M\6N80P&UQP`L+/J%G](Q8OZTI;.S'O:)]+7WN+E&4[#3OCBAV1I990%,F/)C M)WAE%1N+9;7=[`P'X>;PTK3@4(!N%>_%GN4ZE923(72W*SA:+_S$7`"\5U49 M-WKY,?[K5%7UI!QPW>L*`;H.L[]_C#`=-`1M\R843-CZ6.\P:%=0R@'?Q4Y! MZ&U4($QG!020K0N.&`@CQP:5-523X&@'`[[U_J>2PG0V2(#Y>'*R[S$*W&\G M=9WL"H6;B)UV7A[LH$:BDQX:#7YQ3!!A.=;GG7A'"K_&4F+D&K@B1WI"CBHY M-#?@Y^5X=5R+9GVET$C][XJ9*H""LZOX),KR-+I;TS)EFO,4Q?W05.D5UP2S MD]/KV>GQ]/;T!`VV[QV4>NZ24CI,X-&QU9U;J3)P!B[<;&Q+V"O$[832,O<@B\@1TL$B/(T#G\WD1F^`5Z M?8T!,E*C!XDWC0,J[P$`T)A8F@X0!=/S;Y\&?,:^JWD(PW(YOV\9YHUI>"D`BP$:P M/1@\&+5*JBK2W]T(M6U7JCJDX#:T]DEEEZZ+%$J"R1`KZCR8F,31555*+A9V,2U MW5NU)$H%CP+X>B,_=C91U%7!@J-U/SW;TD4]JM2P;%A=CL,=5!3[G41^++C1 M](>$HQ&6RO3*(%L'HT@,2Y/-%2QY8D>9SD.-,] M,H1S`^A^P>("F5#5WRAX8\>O78'%U1=O!ZR6Q`E*BC.KE,E!,;)QAE4?(O_. MLM+U@YBF4=V3FI3`B1F+2!!*:+2KS_3@N"Y(: MUO)K^-6:XOP3S)I7C!4&/*F,*?NES'#D9LZI6EM2E\>047O*H\<$B8P%MG/$ M&--ZD[5'_;N\RFT&1CI*C)E.XI`83K-H$>'P)@_R=??T,&$R+&NJGH'#@W76\/C(LDP6PW$8:*^9@Q"SXRQ^C1'5*S3\D7R7B7;.@O= M:4W"5I%`G@\T(`5,X1J2ZAARAN$-%W2?6P,$LH: M8OPUF\TKQL@`KL]D:'BQ)I-3L;;`+M=?,GNB59>=B^9R@JZP+!3U9U4EOX8= M:=VNH*0F.9J:*PDWF?=$.+YV$*\O^FCO0O2RZG8Z[#%"\:?/CSC.,#\VV[EH)#O?D(G@98Z^ M!&GY%:PEECO3IKC*:*TX'83D=F*VE?H^AFV5%>]1,5+PMK3^*<7!U\[3)WXOAH+KZ/5(T)+")RNGS_(&X&-^F08A# M&FK]9(-H]AN7L>D3/?XZ@FG5XL%3LFH M^SJ->AH/N]=P/>T6Q32!JS2(:HN(F42%3?1#D*$`/6)2X#@/R`_)`E6%0*P4 M/XZ]YG8+CS67X!IH.PZI^0-.AQ+*[K%+9K-8+HGTG;^F7P9PQU/,)F\-^^>K MQR3#X55\36AX"#*<:?:0`_.`X'&[8D/PV8*RM(W(B&UC_=7TG=OYL,>RF?HV MV3[!Q'"*0_V>5'H'!+KA]1C MS]=><8BWM*DX2A^PEF.PY/H*0IQ'-+MC5O;'2NZQ^VS`W[F;U<9 M\,<_>>S7Y4";@J`@IO]J%,73GM?8H[+!@!DA=EYKXQ"O6'3J#+.&6?_0?;LM M26GVDEM=!*-WW9O<:,R(V^E.5_3=`*(I\0J'(Y.HX8_&R_`15/GC@*L+J^@Z MVUMGN_=!\-A092_&]P%A_O_5:3G1>?N6M6A`6N!;K4>2*T0&=*.]9O9ZW.FH ME51O\E3/0'$ZPU>S"O-F[V/+]["OHW]5^J+Y&E93#=O,B"D!XP*:!&]$ELKJ M!Z"K#83611?%^N_1*LM1(F,X)`9=R$A$W>J,KHG57LI3`D("N MO>)QXL_J*XW*RTAQO0(K)@.N%68/KDPRVA0D,QQ"R(V;C22JO'T81,CKV1Q+ MZ/G9"@O-T#\]61.G3]$<3P[N)E(VM&\S8F5HX4S8:=JB;XOVDA25!M$/Q.3N MY$>VYG-5WD2K:!FDETD\B#O%C6#DZ140C#W*76$/_4`L M(B_9T_,)G[YANMD9+M%Q>_7T%<(F2F4V3)*;-AHBT:PWPZ.1!T3R:C8&0PZ= M+'BC(7!SGN3!\N*?P->.7G(<)ZO')";#G(E>\U.G-V)$NS@F3;(V@GPB1KON M-3N#U;#+T,%`AH3I81A2%0>$H0,_&5+5G<.0KAIV&3H26SJ`1M,X7I,_KI,T7R3+*$']2.[8BP'4 M;-AW..#,7OUA[DS)),&;#)C.\6.)Y?KQ.4]("A?VI(#E07RHO#%`_ M6AA!>8)*,ZBTXQ6"*F?PND\]<>QN;QFL'I?R[9`[:6`VL.29!>`%E3E[MDDR MO[Z[.R>+D@'38W4>Y`L7C_925?A`!-.[NRF4A/KW0(^EU>I9V M2D""N$6`A.?N!5$+?O8VW-J+D)%JX(P6_@<9LI3@M`!^EM&G98?ALN/5UQD: M3I!#X_(;#:Y]T6<:BL3PZ(!^K-&A9P=]>JGH\>>;#3TW*/AQ(LG`P").,RP* M+!:9?D^.=QL9+`M!B[`_D;;9,@D@%FVCH.WS6Y0_H'H#@QTT8>W5)T[:M1?1 M8,"3\69'"K+X7"@ML!V]LK]^UX#>Y( MW>".P)4_.TN0NDYI/_1">^"[(UP>JHH&VU[`O[B9V`\Z7+G0Y;L.6T*XWX_&+`]M$B'X@84NEAA9_K-,D>\3Q?9R=!WE6V<]&(#[XA$Q[J'!'-M*PM.Z;A>!EDV?0Y MZN[;($P&I#;?N(GL+$?$LD1?:*8C=^FJNO(PD/O:WGDIS.1)L@JB[HO=WF7S MDU(XQH!T'WNW)E'U.D>C2-QIN M-/1>77EM7.AA.WMT)>GJ;=[\B[5\VV=^*;,M&;9HDN=R?3D9_D M@JHU]F22.]+.L;%1]G6&\W4:"]3E)#`[^51HT$1CFNM>D>W(*HOKUSCY5.E3 M.UUXM;W1+;&IRMR7CVU5M6[T[9I>=T.&*(0C M20A+!VCHAL>'-U$;==4ED+B-UGP*TF,R]LRG<7B-TP5Y7`6D6FS:>4.&)?3` M&_Y#9,"-1A@-+Z`)5L0:8N;8CET-@XA91*7)D1](PWU2\[:];E;YVVQ=H<"M MGPZ$+J%Y&)@VV7L"CK"Z?4Z4#K>*!>-2@40[#0@.7+,P*+"L/<&`6\T^`E(' M6Y6_?(&A`*";"@0!@6D8",K,/<%`4-4^"`I'VSDM@@R)@GM<;.3'DUJMPX_$'?\3V]/3]`V1?`/2UVGR7D=*O;X(,?A3;#$($!WLW('MJ`28P#> M*)TAN=J*\R;\%ADCECN?CS]N<:$0NK88K M'<0H?8U*#@Y%^A!_[)9!'G%0I09%QT($HH^.'Y$(S:J+T1DC,E'MYRY@I7<9 M9.]]2!JJ/$<67U2U_L[Y3N5E2[(>DF6(4W:B)5]E42KSY7!BT\:KXHJLV=&C M(VNOJ&EG@9S:SU9(V)P`3)#>!D9%L%Y[:('D2*UV>-(KRA&#Z7VT61L=5=A9>R'DU[=&X^H84K8 M[&C.DB2/DUPU7^DG@^ADA,8A/M_<9.Y'?R*L:Z\W4?K:"0^*;WLYZ4")L/)% M[R9WCU:%*BLNYF/,\YQ4D7=5:ALG@]GH17H'@_G1FZBJKCP+;(R^I2R#%C$V M0+'(AU=4Z,(P(@/R@+H\+?SV$38[#C]"Z5K55FP8,2(NNJ,2<7)`:.R.42IN M/!ZK*/T@`FFDD4OO8QK1>SQA.MA/GD#?W?6^>!K[I9VJMI*/G)SV,&<8_QZ0 MD5!ZEX3BOY^-T!Y6KQ2U.5U$<<+:QWR8'LV^FMR^RT7?5&*/" M+DI2U++ M5[:#9N-ON"2KKJ0OXSG:YDCI4XJ#KX])%.>?HSA:K5?G\1/.<@KJ#/^YCE(< M3E?).A:,M?5OAQA)#2XLQ,BJ-KJ#2K.HMHLJP^A+8=J/L=9@3_7&7ELKZV1E MU69(.,-!EL2-R^7G^^Z>.,75WW_O><8\W2 M.\!?Q<769U>+ZJN4FX?D6W<.IGL7:/^L*!IL%TN,E1TGF5D%U!ZY\(R812_[ M1X5WQ%V!65NP@ M8@I16SN(64/D\;VQYP5R0QPC6':A*9B=+SKGQ;B;%H"M6XW#JE@*YH;<:?:] MYO`B&GWM7IICV+$ER&RKG1I)3T'+T^?Y`_T;Q5S%D_06 M$*9T"@7"%3-$QVV5J:)K\X\N'8_T"1NBE%7*+I/\."&L+TE?&=XF,SH9/EGC MVZ3;Q0J0T[\?A+_!Q06!D5A%M5F4)X@91L0R_0?G$>S#$W9KG_5QW5IEJ^R2 M/XE>+'QSM;A,XA3/UVE*UUO,YS0L2PHDH%;G3A!>!Q01A-2&/=IY-BVBTB0% MU"L^!_BH3^862EIADFWI<)FS,@AL;SY"KW1-;>Y?-YK,"8T:3 MUN;6;(CF.O)D5%#'QHQ3X5,7.K^3Z_P.5.=W5G1^YY7.[Y0Z]WQJ.X`_?0HB M4I)H&>4OO^.[FRC'TS`DPO6.$M&Z!RIXKRX65.B^:0D14QDQA4I;7CP[!GF% M&[+7U\LE;=@[M#]?GGX^OT'\LDSLR MICBAZTJS:!'A$$V7C#DZ[]BL)OQ1K(`)KU/R'Y?4Q@4`)_;-&`W#R']><-FO M5I=(']PHHW"+![0(I6/23B8'AX<''[A`]2X#^$-DT@2N.D\O$!-5L0N:;^Z5 M=GW3\"G*JF6`/?]RGOO53^1_=T&&R2__!U!+`P04````"``/=TU"0;5A/Z() M``"LF0``%0`<`'!V:70M,C`Q,S`R,#1?<')E+GAM;%54"0`#[N\;4>[O&U%U M>`L``00E#@``!#D!``#M75USV[82?>_,_0^\ZFMEB9(=VYGX=OR5:6:<*&,[ MT]ZG#$1!$AL24$'*EO]]`8K4!XDE0%D!P41^B&-Q`9P]9P'N@A3Y[O=%&#A/ MF$4^)1QMIY/\U>EUW7ZWUSUII3:BRR'C/S>=2.7V8X6C5)S.=1)SL@FIVWNVZ[[V9MA,DH MWFZ1#G#261[,3!G;-HNP=S2A3QW&!/!NN]MK]\XRXQ'V"S#X9Q`"7XK@S1*! MOS*-_"TZGON9I=OYZ^/=@S?%(6K[)(H1\?#F`'X)C7E[/Z+'/?>TK,728C5` M0:<4F'M^?MY)CK9X&#C.,A`8#?`]'COB]Y?[#R"IXGCG!H_1/(@C/E;26.AX MT8K\QW-&]HUNH^<]H+O!,?(#L:!]/YP;8^R,^#.CT0Q[\7SO M:J][KJ;XM< M!^/R+)/T=LE_U(!F3W[<3L]*Q\EP2;N*8]TN9IA$^':!Q`B[CBSII2*.P0PS M%/-3?=I5),)O5SAP9YNH9@Q'/'O@AI3<\0^V!L*+&)/1.C`$2.T5)!DD&R:@ MWE;/_&\44_::*<#8U_5HE\,H9LB+LPZ3N+YH20PZ.^.*T8(2&O)5]B@_ET32 MT"&4+/_B:41[G48D8/E'7V_23.T#&5,6)HQG'UTN_"@'766][<>FC)=LVR?$ MO*QO_M\M#8N90VK1F2'&^VM[4YY#9JW'C(923K/AJ!JV0QG/22]:QR<\M=U! MBV*<)_/GJPCLCS@<8I;C<>-`;91I*B_XV_1C'O%AZ4R8HV#%7$_4!!S\&#.& M1W=++T%P";*8UQ,XL:PQ_._X>2"X);$?OTC"/7_4TO`N.)&*XI[N&,][(G<) MZ8:&R"41Y'F8@BUCGT@]3+D12X4E6*-!L]UFOCW$]I'2.%P[7%K`J,I/( M+3B3AFI_O[/\FD\0M]?O]\ZEL[QPV&K2BL[`*V4=Z8%^+.=FN3QS!XS,X[MZ M^3]&[)H&\Y!\0B$NQ5DPKBVDRDE.3KL*-QL:3\*-KENJ4FK2&&TRE^RJ!UXE M4%\M4+]A`O4A@?I-%.A$+=!)PP0Z@00Z;J!`;EOUEEQ(9*,'C7^%")_425V-FA$OL)*K'"9`>*,=BN%I1@,59F65M( M*4D6,57JXUZW1"O3_Q$1-,'B6L5[C*/!$V:7483C_*(,FME-/.P=7&V98/W& MYUC]X3SAB8P>,'OR/>SVAFZI"MK-[%9%WWNXY#*MTH`]^*$?(/:)DDHZ*1HV M1RD5`W#U94*K:QK.*.&^NH-XBEGF%"B1VMYN933\A:LMHX+T*@H"VC=$$-A? MN2!O3`O2KR@(:-\006!_Y8*<&A)$3X9FDE^1\K,=BBD:H\!<,77I_3/W.;;W MMRBETVMCMY":?LME/3O?@!\._^4K(TP4YL87#EO):=*/>3?85GL_,#Q%[>>0S_8IW_0WBMV!G.]%% MQ^K=,%\!>\`>)2,=SB66MK,NS>\T"Y0O'[F#EK*;=Z'>S>L4S2?$1)K] MA*$PANWLIEGF6+V[TTF),J7BD19BF^D:)4!DM]\4C2SE&G*IWEWG'*I'-`S` M\"ZW;0;M>0?A#>AZ[G:1!CIH9BGGL%OU;@Q?$C)'@=B[+B`L#7S]=I8*4L'Q MDFUE@Z?:]Y3&A,8<7OFI5F)GJ00ECM6\];NZ^3?==KGF*^9$R3QL;K<`)6Z6 M;`J;U.$>D0D>C&\7WE3\+SEK*;0H;6*Y'N7N`IJ8*F&W[^HOK:AR-G:SGG<( MH-EPQ;KU]40=LK,.5;8I-M\"%S1LA@7ZYZYJJ=Z7?SY76`F66 MC6`_YQQ`O*GZ=QO;GWX\O<NCOB?0,U^(IP.N`1CQ;UU.A8-P(#8HN`@J8JKP_4Q:/:>#31XZ? M/F&@'@3-+&4==@O@VU0)7@`&17N)85,X5T>YJ?K[@8.-\>1%'MSYHY;R6W`" M(-78Q>,4C[(V*#&TG&K]O+]GJI(6P.%;`2T/X2WP`)&FBEV!11FZ@)'%]%8( M65.EJH"ES+$!(XN9UL^G^Z;J3@%+D45+32QF63=C[INJ':\0$]M.0Q46UDIBJ$3,\I3NT@)'E%.OMOO9-%8X9+&5.6&)H M.>,5HJX(C>->3;FY)TJR;SC^0$9XHS_9I*[G@]?Y M(L=7A<;AK7WV//9&^LBF],WFA\@\1*9ED9D\VNP'?87)X:4;38_.=29V@V/D M!^*=.S_>@\0.:?<>TV[WU(X:2/H2I-S!)J3K>7^,O(;ZYZEU#B^MKW%-.;RT M?O_9\NWAI?6V%QE-2O2M62O4CX0^-?K`MQ_W38M&UHQ##6CGXK&^\/$1HVC. ML&SID!O9NG``+JV6#5/W#A6!2)F,^?Q[1`D<# MLOE"N$A>W"BL+19`Z6B]S[,&X8EW**(`5]0CUZJ)NN0=5SW]&M[Z2X^(?X8H MPOR3?P%02P,$%`````@`#W=-0EOF5O.6`P``)@X``!$`'`!P=FET+3(P,3,P M,C`T+GAS9%54"0`#[N\;4>[O&U%U>`L``00E#@``!#D!``#E5M]OVS@,?MX! M^Q\T/T_^E79K@J1#UZY#@?8Z="VPMT&QF50X6?(DN[[BHL<-#D(WY+I=W+&+".GJB@JR;]5 M\)I]&@D2UYD:F5N%^A9#*(T_BPE1%<_K.F<3G5HM4YB-SQE!EHQ2M#[?<2.A)> MO#)1>^!@0QHG=)"T&">2VW5$8^`PJ@];4:W7Q0QDX5P]1%H[XC&-4YH>M<(Y M\"T:N+>+`7^2P9N:`5^)&O[S`%,NC64R@\<&^)XP;LISHP[2Y.T^1"VQ,K!U M3PVQ9#@<1OXT();I.=B_60&F9!GLO'D0X/+R7.GB#&:L$G@YWRHF^(Q#'F#6 MO7!IQZ14EEG,=K=3;Y4EES/EUR_&SNBH39`;F!%/8^328!(87I3"^>OW[C7, M)D'YP"UM:!Q\+36$Z%PKHI6`/?%PQQ%"#!+WI"X[PZT*IK,M+5MA0B6J!&TY MYNHJNZ/_QZ4<9GU=0@B7_%=U2+!I7X<0`N+Y?'$Z;I$]<3]W-Q<;2>XIG.`7 M$)Y/`O]7PQM\%^]C+"AQG!+J2[(OU)1\NK@ZO28?A9HR0]^Y#_.XXVS3UF41G(K^6Q_]],Z@;9 MB.Q"94QDE>@)6D^V)S#-5AODOH'_L"Q!&OBP9"ZQNFMX8G_GI;A, M"<#?!DX://EQJYDTI3)_:IRO\8T@)3EO(F/_?QOJBG&U$_D1)[`CFO M9$Y6&MN[,+]/W,?1>F>KUVO-S_4^K)7X[HGB%O1%D?= M%DU2G&#"I/#FZ#"^@F(*&F'S4JBHG@9\I1QQ%`B*YP,;BNJ?5%=2O MW->#K]N6:AP^6*[R6V\UK[1WF^=C&_T9GJ*323H8I,/GYKEMZ2=L M?;FH$PE7_P%02P$"'@,4````"``/=TU"J'7601H@``"4E0``$0`8```````! M````I($`````<'9I="TR,#$S,#(P-"YX;6Q55`4``^[O&U%U>`L``00E#@`` M!#D!``!02P$"'@,4````"``/=TU"ATIP61T#``!V$```%0`8```````!```` MI(%E(```<'9I="TR,#$S,#(P-%]D968N>&UL550%``/N[QM1=7@+``$$)0X` M``0Y`0``4$L!`AX#%`````@`#W=-0I8<[/QE)```\4,"`!4`&````````0`` M`*2!T2,``'!V:70M,C`Q,S`R,#1?;&%B+GAM;%54!0`#[N\;475X"P`!!"4. M```$.0$``%!+`0(>`Q0````(``]W34)!M6$_H@D``*R9```5`!@```````$` M``"D@85(``!P=FET+3(P,3,P,C`T7W!R92YX;6Q55`4``^[O&U%U>`L``00E M#@``!#D!``!02P$"'@,4````"``/=TU"6^96\Y8#```F#@``$0`8```````! M````I(%V4@``<'9I="TR,#$S,#(P-"YX`L``00E#@`` ;!#D!``!02P4&``````4`!0"_`0``5U8````` ` end

XML 11 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "
"+ text.join( "

\n" ) +"
"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "
" + text[p] + "
\n"; } } }else{ formatted = '
' + raw + '
'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+'
'+formatted+'
'+ "\n"+'
'+ "\n"+'
'+raw+'
'+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 12 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6

Label Element Value

Risk/Return: rr_RiskReturnAbstract

Document Type dei_DocumentType 485BPOS

Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2012

Registrant Name dei_EntityRegistrantName PIMCO VARIABLE INSURANCE TRUST

Central Index Key dei_EntityCentralIndexKey 0001047304

Amendment Flag dei_AmendmentFlag false

Document Creation Date dei_DocumentCreationDate Feb. 04, 2013

Document Effective Date dei_DocumentEffectiveDate Feb. 04, 2013

Prospectus Date rr_ProspectusDate Feb. 04, 2013

(PIMCO Global Diversified Allocation Portfolio)

Risk/Return: rr_RiskReturnAbstract

Objective [Heading] rr_ObjectiveHeading
Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The Portfolio seeks to maximize risk-adjusted total return relative to a blend of 60% MSCI World Index/40% Barclays U.S. Aggregate Index.

Expense [Heading] rr_ExpenseHeading
Fees and Expenses of the Portfolio

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold Advisor Class shares of the Portfolio. Overall fees and expenses of investing in the Portfolio are higher than shown because the table does not reflect variable contract fees and expenses.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption
Shareholder Fees (fees paid directly from your investment): None

Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-05-01

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading
Portfolio Turnover

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Portfolio pays transaction costs when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in the Annual Portfolio Operating Expenses or in the Example tables, affect the Portfolio's performance. During the two month fiscal period ended June 30, 2012, the Portfolio's portfolio turnover rate was 0% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 0.00%

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
Example. The Example is intended to help you compare the cost of investing in Advisor Class shares of the Portfolio with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated, and then redeem all your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions. The Example does not reflect fees and expenses of any variable annuity contract or variable life insurance policy, and would be higher if it did.

Strategy [Heading] rr_StrategyHeading
Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
The Portfolio seeks to achieve its investment objective by investing in a combination of Acquired Funds and/or direct investments and utilizing hedging techniques to manage downside risks and total portfolio volatility. The Portfolio will invest under normal circumstances in a combination of affiliated funds registered under the Investment Company Act of 1940, as amended (the "1940 Act"), equity securities, Fixed Income Instruments, forwards and derivatives. "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. The Portfolio may invest in Institutional Class or Class M shares of any funds of the PIMCO Funds and PIMCO Equity Series, affiliated open-end investment companies, except funds of funds ("Underlying PIMCO Funds"), and may also invest in other affiliated, including funds of PIMCO ETF Trust, and unaffiliated funds, which may or may not be registered under the 1940 Act (collectively, "Acquired Funds"). The Portfolio will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. The Portfolio may invest, without limitation, in any of the Underlying PIMCO Funds (except commodity-related Underlying PIMCO Funds). The Portfolio will invest either directly or indirectly (through a fund) in instruments that are economically tied to at least three countries (one of which may be the United States).

The Portfolio's investments will be utilized, in part, in seeking to limit the Portfolio's overall volatility. Volatility is a measure of the magnitude of up and down fluctuations in the value of a financial instrument over time and typically results from rapid price swings. For example, in a more volatile market environment, PIMCO may decrease long derivative positions in volatile assets or assume a short position through derivatives in such assets in an attempt to potentially reduce the Portfolio's volatility. PIMCO's use of Acquired Funds and direct investments in seeking to manage volatility will be consistent with the Portfolio's target asset allocation guidelines described below. Under normal conditions, the Portfolio will seek to target an annualized volatility level of approximately 10%. A higher volatility level indicates more frequent or rapid up and down fluctuations in the value of the Portfolio relative to a lower volatility level. There can be no assurance that investment decisions made in seeking to manage Portfolio volatility will achieve the desired results.

On average, the Portfolio will target approximately 60% equity-related exposure and 40% Fixed Income Instruments-related exposure; however, the Portfolio may adjust its overall equity exposure in seeking to manage the Portfolio's overall volatility. The Portfolio will normally limit its equity-related exposure to 15% to 80% of its total assets. The Portfolio will typically seek to gain equity-related exposure by investing in derivatives, including, but not limited to, options, futures contracts or swap agreements, common stock, preferred stock, equity securities of real estate investment trusts and/or equity-related Acquired Funds. With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Portfolio may invest. The Portfolio may invest up to 10% of its total assets in commodity-related investments (including investment in commodity-related Underlying PIMCO Funds). The Portfolio may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Portfolio may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries. In addition, the Portfolio may invest in both investment-grade securities and high yield securities ("junk bonds"), subject to a maximum of 10% of its total assets in securities rated below B by Moody's Investors Service, Inc. ("Moody's"), or equivalently rated by Standard & Poor's Rating Services ("S&P") or Fitch, Inc. ("Fitch"), or, if unrated, determined by PIMCO to be of comparable quality. The Portfolio may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.

As part of its investment process, PIMCO will seek to reduce exposure to certain downside risks by implementing various hedging transactions. These hedging transactions seek to reduce the Portfolio's exposure to certain severe, unanticipated market events that could significantly detract from returns.

Additional information for the Underlying PIMCO Funds can be found in the Statement of Additional Information and/or the Underlying PIMCO Funds' prospectuses and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without shareholder notification.

Risk [Heading] rr_RiskHeading
Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
It is possible to lose money on an investment in the Portfolio. The principal risks of investing in the Portfolio include risks from direct investments and/or indirect exposure through investment in Acquired Funds. The principal risks of investing in the Portfolio, which could adversely affect its net asset value, yield and total return are:

Allocation Risk: the risk that a Portfolio could lose money as a result of less than optimal or poor asset allocation decisions as to how its assets are allocated or reallocated

Acquired Fund Risk: the risk that a Portfolio's performance is closely related to the risks associated with the securities and other investments held by the Acquired Funds and that the ability of a Portfolio to achieve its investment objective will depend upon the ability of the Acquired Funds to achieve their investment objectives

Equity Risk: the risk that the value of equity or equity-related securities may decline due to general market conditions which are not specifically related to a particular company or to factors affecting a particular industry or industries. Equity or equity-related securities generally have greater price volatility than fixed income securities

Interest Rate Risk: the risk that fixed income securities will decline in value because of an increase in interest rates; a portfolio with a longer average portfolio duration will be more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration

Credit Risk: the risk that the Portfolio could lose money if the issuer or guarantor of a fixed income security, or the counterparty to a derivative contract, is unable or unwilling to meet its financial obligations

High Yield Risk: the risk that high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") are subject to greater levels of credit and liquidity risks. High yield securities are considered primarily speculative with respect to the issuer's continuing ability to make principal and interest payments

Distressed Company Risk: the risk that securities of distressed companies may be subject to greater levels of credit, issuer and liquidity risk than a portfolio that does not invest in such securities. Securities of distressed companies include both debt and equity securities. Debt securities of distressed companies are considered predominantly speculative with respect to the issuers' continuing ability to make principal and interest payments

Market Risk: the risk that the value of securities owned by the Portfolio may go up or down, sometimes rapidly or unpredictably, due to factors affecting securities markets generally or particular industries

Issuer Risk: the risk that the value of a security may decline for a reason directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods or services

Liquidity Risk: the risk that a particular investment may be difficult to purchase or sell and that the Portfolio may be unable to sell illiquid securities at an advantageous time or price or achieve its desired level of exposure to a certain sector

Derivatives Risk: the risk of investing in derivative instruments, including liquidity, interest rate, market, credit and management risks, mispricing or improper valuation. Changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index, and the Portfolio could lose more than the principal amount invested

Commodity Risk: the risk that investing in commodity-linked derivative instruments may subject the Portfolio to greater volatility than investments in traditional securities. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments

Mortgage-Related and Other Asset-Backed Securities Risk: the risks of investing in mortgage-related and other asset-backed securities, including interest rate risk, extension risk and prepayment risk

Foreign (Non-U.S.) Investment Risk: the risk that investing in foreign (non-U.S.) securities may result in the Portfolio experiencing more rapid and extreme changes in value than a portfolio that invests exclusively in securities of U.S. companies, due to smaller markets, differing reporting, accounting and auditing standards, and nationalization, expropriation or confiscatory taxation, currency blockage, or political changes or diplomatic developments. Foreign securities may also be less liquid and more difficult to value than securities of U.S. issuers

Real Estate Risk: the risk that a Portfolio's investments in Real Estate Investment Trusts ("REITs") or real estate-linked derivative instruments will subject the Portfolio to risks similar to those associated with direct ownership of real estate, including losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. A Portfolio's investments in REITs or real estate-linked derivative instruments subject it to management and tax risks

Emerging Markets Risk: the risk of investing in emerging market securities, primarily increased foreign (non-U.S.) investment risk

Currency Risk: the risk that foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar and affect the Portfolio's investments in foreign (non-U.S.) currencies or in securities that trade in, and receive revenues in, or in derivatives that provide exposure to, foreign (non-U.S.) currencies

Leveraging Risk: the risk that certain transactions of the Portfolio, such as reverse repurchase agreements, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivative instruments, may give rise to leverage, causing the Portfolio to be more volatile than if it had not been leveraged

Smaller Company Risk: the risk that the value of securities issued by a smaller company may go up or down, sometimes rapidly and unpredictably as compared to more widely held securities, due to narrow markets and limited resources of smaller companies. A Portfolio's investments in smaller companies subject it to greater levels of credit, market and issuer risk

Management Risk: the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results and that legislative, regulatory, or tax developments may affect the investment techniques available to PIMCO and the individual portfolio manager in connection with managing the Portfolio. There is no guarantee that the investment objective of the Portfolio will be achieved

Tax Risk: the risk that the tax treatment of swap agreements and other derivative instruments, such as commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity options, futures, and options on futures, may be affected by future regulatory or legislative changes that could affect whether income from such investments is "qualifying income" under Subchapter M of the Code

Subsidiary Risk: the risk that, by investing in certain Underlying PIMCO Funds that invest in a subsidiary (each a "Subsidiary"), the Portfolio is indirectly exposed to the risks associated with a Subsidiary's investments. The Subsidiaries are not registered under the 1940 Act and may not be subject to all the investor protections of the 1940 Act. There is no guarantee that the investment objective of a Subsidiary will be achieved

Short Sale Risk: the risk of entering into short sales, including the potential loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the Portfolio

Value Investing Risk: a value stock may decrease in price or may not increase in price as anticipated by PIMCO if it continues to be undervalued by the market or the factors that the portfolio manager believes will cause the stock price to increase do not occur

Arbitrage Risk: the risk that securities purchased pursuant to an arbitrage strategy intended to take advantage of a perceived relationship between the value of two securities may not perform as expected

Convertible Securities Risk: as convertible securities share both fixed income and equity characteristics, they are subject to risks to which fixed income and equity investments are subject. These risks include equity risk, interest rate risk and credit risk

Please see "Description of Principal Risks" in the Portfolio's prospectus for a more detailed description of the risks of investing in the Portfolio. An investment in the Portfolio is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Risk Lose Money [Text] rr_RiskLoseMoney It is possible to lose money on an investment in the Portfolio.

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Portfolio is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Performance Information

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
The Portfolio does not have a full calendar year of performance. Thus, no bar chart or Average Annual Total Returns table is included for the Portfolio. Performance is updated monthly and may be obtained at http://pvit.pimco-funds.com.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 24 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market,with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress Performance is updated monthly and may be obtained at http://pvit.pimco-funds.com.

(PIMCO Global Diversified Allocation Portfolio) | Advisor Class

Risk/Return: rr_RiskReturnAbstract

Management Fee rr_ManagementFeesOverAssets 0.85%

Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%

Other Expenses rr_OtherExpensesOverAssets 0.01% ^[1]

Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% ^[2]

Total Annual Portfolio Operating Expenses rr_ExpensesOverAssets 1.59%

Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.49%) ^[3]

Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.10%

Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 112

Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 350

[1] Estimated organizational expenses for the Portfolio's first fiscal year.

[2] Acquired Fund Fees and Expenses are based on the estimated amounts for the Portfolio's first fiscal year.

[3] PIMCO has contractually agreed, through May 1, 2014, to waive, first, the advisory fee and, second, the supervisory and administrative fee it receives from the Portfolio in an amount equal to the expenses attributable to the Management Fees of Underlying PIMCO Funds indirectly incurred by the Portfolio in connection with its investments in Underlying PIMCO Funds, to the extent the Portfolio's Management Fees are greater than or equal to the Management Fees of the Underlying PIMCO Funds. This waiver renews annually for a full year unless terminated by PIMCO upon at least 30 days' notice prior to the end of the contract term.

X

- Definition

If the value is true, then the document as an amendment to previously-filed/accepted document.

+ References

No definition available.

+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition

The date the document was made available and submitted, in CCYY-MM-DD format. The date of submission, date of acceptance by the recipient, and the document effective date are all potentially different.

+ References

No definition available.

+ Details

Name: dei_DocumentCreationDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition

The date when a document, upon receipt and acceptance, becomes officially effective, in CCYY-MM-DD format. Usually it is a system-assigned date time value, but it may be declared by the submitter in some cases.

+ References

No definition available.

+ Details

Name: dei_DocumentEffectiveDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition

The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD.

+ References

No definition available.

+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other.

+ References

No definition available.

+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: us-types:SECReportItemType

Balance Type: na

Period Type: duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: us-types:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_AcquiredFundFeesAndExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Risk/Return Bar Chart and Table.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 2

-Subsection b

+ Details

Name: rr_BarChartAndPerformanceTableHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Distribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 9

-Subsection table

+ Details

Name: rr_DistributionAndService12b1FeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 1

-Subsection example

+ Details

Name: rr_ExpenseExampleNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 4

-Subsection instructions

+ Details

Name: rr_ExpenseExampleYear01

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 2

-Subsection example

+ Details

Name: rr_ExpenseExampleYear03

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition

Risk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph d

-Subsection instructions

+ Details

Name: rr_ExpenseHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown.The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph b

-Subsection instructions

+ Details

Name: rr_ExpenseNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph d

-Subsection instructions

+ Details

Name: rr_ExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_FeeWaiverOrReimbursementOverAssets

Namespace Prefix: rr_

Data Type: rr:NonPositivePure4Type

Balance Type: na

Period Type: duration

X

- Definition

This element represents the date of expected termination of any expense reimbursement or fee waiver arrangements that reduce any Fund operating expenses (SEC Form N-1A 2006-09-14 A.3.table.1.11 Total Annual Fund Operating Expenses A.3.instructions.3.e).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph e

-Subsection instructions

+ Details

Name: rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

Namespace Prefix: rr_

Data Type: us-types:dateStringItemType

Balance Type: na

Period Type: duration

X

- Definition

Management Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph a

-Subsection instructions

+ Details

Name: rr_ManagementFeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_NetExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 2

-Subsection a

+ Details

Name: rr_ObjectiveHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 2

-Subsection a

+ Details

Name: rr_ObjectivePrimaryTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 7

-Subsection table

+ Details

Name: rr_OperatingExpensesCaption

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph c

-Clause i

-Subsection instructions

+ Details

Name: rr_OtherExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

If applicable, include a statement explaining that updated performance information is available and providing a Website address and/or toll-free (or collect) telephone number where the updated information may be obtained.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 2

-Subparagraph i

-Subsection b

+ Details

Name: rr_PerformanceAvailabilityWebSiteAddress

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Risk/Return Bar Chart and Table.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 2

-Subsection b

+ Details

Name: rr_PerformanceNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 5

-Subsection instructions

+ Details

Name: rr_PortfolioTurnoverHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

This element represents the rate of portfolio turnover presented as a percentage (SEC Form N-1A 2006-09-14 A.3.example.3 Portfolio Turnover A.3.instructions.5 Portfolio Turnover).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subsection example

+ Details

Name: rr_PortfolioTurnoverRate

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition

Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subsection example

+ Details

Name: rr_PortfolioTurnoverTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

The date of the prospectus.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 1

-Paragraph 3

-Subsection a

+ Details

Name: rr_ProspectusDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition

Narrative Risk Disclosure.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 1

-Subsection b

+ Details

Name: rr_RiskHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Summarize the principal risks of investing in the Fund, including the risks to which the Fund's portfolio as a whole is subject and the circumstances reasonably likely to affect adversely the Fund's net asset value, yield, and total return. Unless the Fund is a Money Market Fund, disclose that loss of money is a risk of investing in the Fund. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 1

-Subparagraph i

-Subsection b

+ Details

Name: rr_RiskLoseMoney

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Narrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 1

-Subparagraph i

-Clause instruction

-Subsection b

+ Details

Name: rr_RiskNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

If the Fund is advised by or sold through an insured depository institution, state that An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. A Money Market Fund that is advised by or sold through an insured depository institution should combine the disclosure required by Items 2(c)(1)(ii) and (iii) in a single statement.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 1

-Subparagraph iii

-Subsection b

+ Details

Name: rr_RiskNotInsuredDepositoryInstitution

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: rr_RiskReturnAbstract

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Contains a command for the SEC Viewer for the role corresponding to RiskReturnDetailData

+ References

No definition available.

+ Details

Name: rr_RiskReturnDetailTableTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Shareholder Fees (fees paid directly from your investment).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subsection table

+ Details

Name: rr_ShareholderFeesCaption

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Subsection a

+ Details

Name: rr_StrategyHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Subsection a

+ Details

Name: rr_StrategyNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 13 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6

Annual Fund Operating Expenses (dei_DocumentInformationDocumentAxis, (PIMCO Global Diversified Allocation Portfolio), Advisor Class)
0 Months Ended

Feb. 04, 2013

(PIMCO Global Diversified Allocation Portfolio) | Advisor Class

Operating Expenses:

Management Fee 0.85%

Distribution and/or Service (12b-1) Fees 0.25%

Other Expenses 0.01% ^[1]

Acquired Fund Fees and Expenses 0.48% ^[2]

Total Annual Portfolio Operating Expenses 1.59%

Fee Waiver and/or Expense Reimbursement (0.49%) ^[3]

Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.10%

[1] Estimated organizational expenses for the Portfolio's first fiscal year.

[2] Acquired Fund Fees and Expenses are based on the estimated amounts for the Portfolio's first fiscal year.

[3] PIMCO has contractually agreed, through May 1, 2014, to waive, first, the advisory fee and, second, the supervisory and administrative fee it receives from the Portfolio in an amount equal to the expenses attributable to the Management Fees of Underlying PIMCO Funds indirectly incurred by the Portfolio in connection with its investments in Underlying PIMCO Funds, to the extent the Portfolio's Management Fees are greater than or equal to the Management Fees of the Underlying PIMCO Funds. This waiver renews annually for a full year unless terminated by PIMCO upon at least 30 days' notice prior to the end of the contract term.

X

- Definition

Total Annual Fund Operating Expenses.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_AcquiredFundFeesAndExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Distribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 9

-Subsection table

+ Details

Name: rr_DistributionAndService12b1FeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph d

-Subsection instructions

+ Details

Name: rr_ExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_FeeWaiverOrReimbursementOverAssets

Namespace Prefix: rr_

Data Type: rr:NonPositivePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Management Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph a

-Subsection instructions

+ Details

Name: rr_ManagementFeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_NetExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Details

Name: rr_OperatingExpensesAbstract

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph c

-Clause i

-Subsection instructions

+ Details

Name: rr_OtherExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

XML 14 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6

(PIMCO Global Diversified Allocation Portfolio)

Investment Objective

The Portfolio seeks to maximize risk-adjusted total return relative to a blend of 60% MSCI World Index/40% Barclays U.S. Aggregate Index.

Fees and Expenses of the Portfolio

This table describes the fees and expenses that you may pay if you buy and hold Advisor Class shares of the Portfolio. Overall fees and expenses of investing in the Portfolio are higher than shown because the table does not reflect variable contract fees and expenses.

Shareholder Fees (fees paid directly from your investment): None

Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):

Annual Fund Operating Expenses (PIMCO Global Diversified Allocation Portfolio)

Advisor Class

Management Fee 0.85%

Distribution and/or Service (12b-1) Fees 0.25%

Other Expenses ^[1] 0.01%

Acquired Fund Fees and Expenses ^[2] 0.48%

Total Annual Portfolio Operating Expenses 1.59%

Fee Waiver and/or Expense Reimbursement ^[3] (0.49%)

Total Annual Portfolio Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.10%

[1] Estimated organizational expenses for the Portfolio's first fiscal year.

[2] Acquired Fund Fees and Expenses are based on the estimated amounts for the Portfolio's first fiscal year.

[3] PIMCO has contractually agreed, through May 1, 2014, to waive, first, the advisory fee and, second, the supervisory and administrative fee it receives from the Portfolio in an amount equal to the expenses attributable to the Management Fees of Underlying PIMCO Funds indirectly incurred by the Portfolio in connection with its investments in Underlying PIMCO Funds, to the extent the Portfolio's Management Fees are greater than or equal to the Management Fees of the Underlying PIMCO Funds. This waiver renews annually for a full year unless terminated by PIMCO upon at least 30 days' notice prior to the end of the contract term.

Example. The Example is intended to help you compare the cost of investing in Advisor Class shares of the Portfolio with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated, and then redeem all your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions. The Example does not reflect fees and expenses of any variable annuity contract or variable life insurance policy, and would be higher if it did.

Expense Example (PIMCO Global Diversified Allocation Portfolio) (USD $)

1 Year

3 Years

Advisor Class
112 350

Portfolio Turnover

The Portfolio pays transaction costs when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in the Annual Portfolio Operating Expenses or in the Example tables, affect the Portfolio's performance. During the two month fiscal period ended June 30, 2012, the Portfolio's portfolio turnover rate was 0% of the average value of its portfolio.

Principal Investment Strategies

The Portfolio seeks to achieve its investment objective by investing in a combination of Acquired Funds and/or direct investments and utilizing hedging techniques to manage downside risks and total portfolio volatility. The Portfolio will invest under normal circumstances in a combination of affiliated funds registered under the Investment Company Act of 1940, as amended (the "1940 Act"), equity securities, Fixed Income Instruments, forwards and derivatives. "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. The Portfolio may invest in Institutional Class or Class M shares of any funds of the PIMCO Funds and PIMCO Equity Series, affiliated open-end investment companies, except funds of funds ("Underlying PIMCO Funds"), and may also invest in other affiliated, including funds of PIMCO ETF Trust, and unaffiliated funds, which may or may not be registered under the 1940 Act (collectively, "Acquired Funds"). The Portfolio will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. The Portfolio may invest, without limitation, in any of the Underlying PIMCO Funds (except commodity-related Underlying PIMCO Funds). The Portfolio will invest either directly or indirectly (through a fund) in instruments that are economically tied to at least three countries (one of which may be the United States).

The Portfolio's investments will be utilized, in part, in seeking to limit the Portfolio's overall volatility. Volatility is a measure of the magnitude of up and down fluctuations in the value of a financial instrument over time and typically results from rapid price swings. For example, in a more volatile market environment, PIMCO may decrease long derivative positions in volatile assets or assume a short position through derivatives in such assets in an attempt to potentially reduce the Portfolio's volatility. PIMCO's use of Acquired Funds and direct investments in seeking to manage volatility will be consistent with the Portfolio's target asset allocation guidelines described below. Under normal conditions, the Portfolio will seek to target an annualized volatility level of approximately 10%. A higher volatility level indicates more frequent or rapid up and down fluctuations in the value of the Portfolio relative to a lower volatility level. There can be no assurance that investment decisions made in seeking to manage Portfolio volatility will achieve the desired results.

On average, the Portfolio will target approximately 60% equity-related exposure and 40% Fixed Income Instruments-related exposure; however, the Portfolio may adjust its overall equity exposure in seeking to manage the Portfolio's overall volatility. The Portfolio will normally limit its equity-related exposure to 15% to 80% of its total assets. The Portfolio will typically seek to gain equity-related exposure by investing in derivatives, including, but not limited to, options, futures contracts or swap agreements, common stock, preferred stock, equity securities of real estate investment trusts and/or equity-related Acquired Funds. With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Portfolio may invest. The Portfolio may invest up to 10% of its total assets in commodity-related investments (including investment in commodity-related Underlying PIMCO Funds). The Portfolio may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Portfolio may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries. In addition, the Portfolio may invest in both investment-grade securities and high yield securities ("junk bonds"), subject to a maximum of 10% of its total assets in securities rated below B by Moody's Investors Service, Inc. ("Moody's"), or equivalently rated by Standard & Poor's Rating Services ("S&P") or Fitch, Inc. ("Fitch"), or, if unrated, determined by PIMCO to be of comparable quality. The Portfolio may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.

As part of its investment process, PIMCO will seek to reduce exposure to certain downside risks by implementing various hedging transactions. These hedging transactions seek to reduce the Portfolio's exposure to certain severe, unanticipated market events that could significantly detract from returns.

Additional information for the Underlying PIMCO Funds can be found in the Statement of Additional Information and/or the Underlying PIMCO Funds' prospectuses and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without shareholder notification.

Principal Risks

It is possible to lose money on an investment in the Portfolio. The principal risks of investing in the Portfolio include risks from direct investments and/or indirect exposure through investment in Acquired Funds. The principal risks of investing in the Portfolio, which could adversely affect its net asset value, yield and total return are:

Allocation Risk: the risk that a Portfolio could lose money as a result of less than optimal or poor asset allocation decisions as to how its assets are allocated or reallocated

Acquired Fund Risk: the risk that a Portfolio's performance is closely related to the risks associated with the securities and other investments held by the Acquired Funds and that the ability of a Portfolio to achieve its investment objective will depend upon the ability of the Acquired Funds to achieve their investment objectives

Equity Risk: the risk that the value of equity or equity-related securities may decline due to general market conditions which are not specifically related to a particular company or to factors affecting a particular industry or industries. Equity or equity-related securities generally have greater price volatility than fixed income securities

Interest Rate Risk: the risk that fixed income securities will decline in value because of an increase in interest rates; a portfolio with a longer average portfolio duration will be more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration

Credit Risk: the risk that the Portfolio could lose money if the issuer or guarantor of a fixed income security, or the counterparty to a derivative contract, is unable or unwilling to meet its financial obligations

High Yield Risk: the risk that high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") are subject to greater levels of credit and liquidity risks. High yield securities are considered primarily speculative with respect to the issuer's continuing ability to make principal and interest payments

Distressed Company Risk: the risk that securities of distressed companies may be subject to greater levels of credit, issuer and liquidity risk than a portfolio that does not invest in such securities. Securities of distressed companies include both debt and equity securities. Debt securities of distressed companies are considered predominantly speculative with respect to the issuers' continuing ability to make principal and interest payments

Market Risk: the risk that the value of securities owned by the Portfolio may go up or down, sometimes rapidly or unpredictably, due to factors affecting securities markets generally or particular industries

Issuer Risk: the risk that the value of a security may decline for a reason directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods or services

Liquidity Risk: the risk that a particular investment may be difficult to purchase or sell and that the Portfolio may be unable to sell illiquid securities at an advantageous time or price or achieve its desired level of exposure to a certain sector

Derivatives Risk: the risk of investing in derivative instruments, including liquidity, interest rate, market, credit and management risks, mispricing or improper valuation. Changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index, and the Portfolio could lose more than the principal amount invested

Commodity Risk: the risk that investing in commodity-linked derivative instruments may subject the Portfolio to greater volatility than investments in traditional securities. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments

Mortgage-Related and Other Asset-Backed Securities Risk: the risks of investing in mortgage-related and other asset-backed securities, including interest rate risk, extension risk and prepayment risk

Foreign (Non-U.S.) Investment Risk: the risk that investing in foreign (non-U.S.) securities may result in the Portfolio experiencing more rapid and extreme changes in value than a portfolio that invests exclusively in securities of U.S. companies, due to smaller markets, differing reporting, accounting and auditing standards, and nationalization, expropriation or confiscatory taxation, currency blockage, or political changes or diplomatic developments. Foreign securities may also be less liquid and more difficult to value than securities of U.S. issuers

Real Estate Risk: the risk that a Portfolio's investments in Real Estate Investment Trusts ("REITs") or real estate-linked derivative instruments will subject the Portfolio to risks similar to those associated with direct ownership of real estate, including losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. A Portfolio's investments in REITs or real estate-linked derivative instruments subject it to management and tax risks

Emerging Markets Risk: the risk of investing in emerging market securities, primarily increased foreign (non-U.S.) investment risk

Currency Risk: the risk that foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar and affect the Portfolio's investments in foreign (non-U.S.) currencies or in securities that trade in, and receive revenues in, or in derivatives that provide exposure to, foreign (non-U.S.) currencies

Leveraging Risk: the risk that certain transactions of the Portfolio, such as reverse repurchase agreements, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivative instruments, may give rise to leverage, causing the Portfolio to be more volatile than if it had not been leveraged

Smaller Company Risk: the risk that the value of securities issued by a smaller company may go up or down, sometimes rapidly and unpredictably as compared to more widely held securities, due to narrow markets and limited resources of smaller companies. A Portfolio's investments in smaller companies subject it to greater levels of credit, market and issuer risk

Management Risk: the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results and that legislative, regulatory, or tax developments may affect the investment techniques available to PIMCO and the individual portfolio manager in connection with managing the Portfolio. There is no guarantee that the investment objective of the Portfolio will be achieved

Tax Risk: the risk that the tax treatment of swap agreements and other derivative instruments, such as commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity options, futures, and options on futures, may be affected by future regulatory or legislative changes that could affect whether income from such investments is "qualifying income" under Subchapter M of the Code

Subsidiary Risk: the risk that, by investing in certain Underlying PIMCO Funds that invest in a subsidiary (each a "Subsidiary"), the Portfolio is indirectly exposed to the risks associated with a Subsidiary's investments. The Subsidiaries are not registered under the 1940 Act and may not be subject to all the investor protections of the 1940 Act. There is no guarantee that the investment objective of a Subsidiary will be achieved

Short Sale Risk: the risk of entering into short sales, including the potential loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the Portfolio

Value Investing Risk: a value stock may decrease in price or may not increase in price as anticipated by PIMCO if it continues to be undervalued by the market or the factors that the portfolio manager believes will cause the stock price to increase do not occur

Arbitrage Risk: the risk that securities purchased pursuant to an arbitrage strategy intended to take advantage of a perceived relationship between the value of two securities may not perform as expected

Convertible Securities Risk: as convertible securities share both fixed income and equity characteristics, they are subject to risks to which fixed income and equity investments are subject. These risks include equity risk, interest rate risk and credit risk

Please see "Description of Principal Risks" in the Portfolio's prospectus for a more detailed description of the risks of investing in the Portfolio. An investment in the Portfolio is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Performance Information

The Portfolio does not have a full calendar year of performance. Thus, no bar chart or Average Annual Total Returns table is included for the Portfolio. Performance is updated monthly and may be obtained at http://pvit.pimco-funds.com.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 24 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market,with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

X

- Definition

Total Annual Fund Operating Expenses.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_AcquiredFundFeesAndExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Contains a command for the SEC Viewer for the role corresponding to OperatingExpensesData.

+ References

No definition available.

+ Details

Name: rr_AnnualFundOperatingExpensesTableTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Risk/Return Bar Chart and Table.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 2

-Subsection b

+ Details

Name: rr_BarChartAndPerformanceTableHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Distribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 9

-Subsection table

+ Details

Name: rr_DistributionAndService12b1FeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 1

-Subsection example

+ Details

Name: rr_ExpenseExampleNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Contains a command for the SEC Viewer for the role corresponding to ExpenseExample.

+ References

No definition available.

+ Details

Name: rr_ExpenseExampleWithRedemptionTableTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Risk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph d

-Subsection instructions

+ Details

Name: rr_ExpenseHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown.The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph b

-Subsection instructions

+ Details

Name: rr_ExpenseNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph d

-Subsection instructions

+ Details

Name: rr_ExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_FeeWaiverOrReimbursementOverAssets

Namespace Prefix: rr_

Data Type: rr:NonPositivePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Management Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph a

-Subsection instructions

+ Details

Name: rr_ManagementFeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Total Annual Fund Operating Expenses.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 11

-Subsection table

+ Details

Name: rr_NetExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 2

-Subsection a

+ Details

Name: rr_ObjectiveHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 2

-Subsection a

+ Details

Name: rr_ObjectivePrimaryTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 7

-Subsection table

+ Details

Name: rr_OperatingExpensesCaption

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subparagraph c

-Clause i

-Subsection instructions

+ Details

Name: rr_OtherExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition

Risk/Return Bar Chart and Table.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 2

-Subsection b

+ Details

Name: rr_PerformanceNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 5

-Subsection instructions

+ Details

Name: rr_PortfolioTurnoverHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 3

-Subsection example

+ Details

Name: rr_PortfolioTurnoverTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Narrative Risk Disclosure.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 1

-Subsection b

+ Details

Name: rr_RiskHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Narrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Paragraph 1

-Subparagraph i

-Clause instruction

-Subsection b

+ Details

Name: rr_RiskNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

Shareholder Fees (fees paid directly from your investment).

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subsection table

+ Details

Name: rr_ShareholderFeesCaption

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Subsection a

+ Details

Name: rr_StrategyHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 4

-Subsection a

+ Details

Name: rr_StrategyNarrativeTextBlock

Namespace Prefix: rr_

Data Type: us-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 15 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6

Expense Example (dei_DocumentInformationDocumentAxis, (PIMCO Global Diversified Allocation Portfolio), Advisor Class, USD $)
0 Months Ended

Feb. 04, 2013

(PIMCO Global Diversified Allocation Portfolio) | Advisor Class

Expense Example:

Expense Example, with Redemption, 1 Year $ 112

Expense Example, with Redemption, 3 Years $ 350

X

- Details

Name: rr_ExpenseExampleAbstract

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 4

-Subsection instructions

+ Details

Name: rr_ExpenseExampleYear01

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.

+ References

Reference 1: 1

-Publisher SEC

-Name Form

-Number N-1A

-Chapter A

-Section 3

-Paragraph 1

-Subparagraph 2

-Subsection example

+ Details

Name: rr_ExpenseExampleYear03

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

XML 16 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 3 40 1 true 3 0 false 4 false true R1.htm 010000 - Document - Risk/Return Summary {Unlabeled} Sheet http://xbrl.sec.gov/rr/role/RiskReturn Risk/Return Summary false true R2.htm 010002 - Document - PIMCO Global Diversified Allocation Portfolio - Advisor Class {Unlabeled} Sheet http://pimco/role/AAAA PIMCO Global Diversified Allocation Portfolio - Advisor Class false false R3.htm 020020 - Schedule - Annual Fund Operating Expenses Sheet http://xbrl.sec.gov/rr/role/OperatingExpensesData Annual Fund Operating Expenses false false R5.htm 020030 - Schedule - Expense Example {Transposed} Sheet http://xbrl.sec.gov/rr/role/ExpenseExample Expense Example false true R7.htm 030000 - Document - Risk/Return Detail {Unlabeled} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetail Risk/Return Detail true false All Reports Book All Reports pvit-20130204.xml pvit-20130204.xsd pvit-20130204_def.xml pvit-20130204_lab.xml pvit-20130204_pre.xml true true

Expense Example (dei_DocumentInformationDocumentAxis, (PIMCO Global Diversified Allocation Portfolio), Advisor Class, USD $)	0 Months Ended
	Feb. 04, 2013
(PIMCO Global Diversified Allocation Portfolio) \| Advisor Class
Expense Example:
Expense Example, with Redemption, 1 Year	$ 112
Expense Example, with Redemption, 3 Years	$ 350