PIMCO Dynamic Income Fund is a closed-end management investment company. The Fund's investment objective is to seek current income. Capital appreciation is its secondary objective. The Fund seeks to achieve its investment objectives to produce total return for shareholders by utilizing a dynamic asset allocation strategy among multiple fixed-income sectors, including below investment grade, mortgage-related and any other asset-backed securities, government and sovereign debt, corporate debt (including fixed and floating-rate bonds, bank loans and convertible securities), taxable municipal bonds and other income producing securities of United States and foreign issuers, including emerging market issuers. The Fund invests at least 25% of its total assets in privately-issued mortgage-related securities. Allianz Global Investors Fund Management LLC is the investment manager of the Fund.