PCM Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to achieve high current income by investing in a portfolio comprised primarily of commercial mortgage-backed securities. These securities are fixed income instruments representing an interest in mortgage loans on commercial real estate properties, such as office buildings, shopping malls, hotels, apartment buildings, nursing homes and industrial properties. may invests in mortgage-related or other asset-backed securities include mortgage pass-through securities, collateralized mortgage obligations (CMOs), commercial mortgage-backed securities, mortgage dollar rolls, CMO residuals, stripped mortgage-backed securities and other securities. The Fund's sub-adviser is Pacific Investment Management Company LLC. The Fund's investment manager is Allianz Global Investors Fund Management LLC.