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font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> <div style="margin-top:0px;margin-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">PIMCO Equity Series </div></div></div></div><div style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;text-align:center"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Supplement dated August 30, 2021 to the PIMCO Equity Series Prospectus and REALPATH<div style="vertical-align:baseline; position:relative; bottom:.8ex;display:inline;font-size:9px">®</div> Blend Funds Prospectus, each dated October 30, 2020, each as supplemented from time to time (the “Prospectuses”) and the PIMCO Dividend and Income Fund Summary Prospectus, dated October 30, 2020, as supplemented from time to time (the “Summary Prospectus”) </div></div></div></div><div style="margin-top:12px;margin-bottom:0px; text-indent:4%;text-align:justify"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">The Bloomberg Barclays fixed income indices have been renamed in connection with the rebranding of the indices as the “Bloomberg Fixed Income Indices.” Accordingly, effective immediately, all references in the Prospectuses and the Summary Prospectus to the indexes listed in the “Previous Index Name” column below are hereby removed and replaced with the indexes listed in the “New Index Name” column below. </div></div></div></div><div style="font-size:12px;margin-top:0px;margin-bottom:0px"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE;width:100%;border:0;margin:0 auto"> <tr style="font-size: 0px;"> <td style="width:48%"/> <td style="vertical-align:bottom;width:2%"/> <td style="width:47%"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Previous Index Name</div></div></div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:bottom;text-align:center;"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">New Index Name</div></div></div></td></tr> <tr style="page-break-inside:avoid"> <td style="vertical-align:top"/> <td style="vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"/></tr> <tr style="page-break-inside:avoid"> <td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Global Aggregate USD Unhedged Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Global Aggregate USD Unhedged Index</div></td></tr> <tr style="page-break-inside:avoid"> <td style="BORDER:0.75pt solid #000000; padding-left:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Barclays Long-Term Government/Credit Index</div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:6pt;vertical-align:top"><div style="font-family: &quot;Times New Roman&quot;; font-size: small; letter-spacing: 0px; top: 0px;display:inline;">Bloomberg Long-Term Government/Credit Index</div></td></tr></table> PIMCO Equity Series 2021-08-30 2021-08-30 2020-10-30