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Total Return Bond Fund Inst - Acc

Article Introduction

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  • About this Fund
  • Performance

Objective
The Total Return Bond Fund is a diverse portfolio of intermediate-term, investment grade securities, actively managed to maximise total return while minimising risk relative to the benchmark. The Fund invests primarily in US government, mortgage and corporate bonds, but may have tactical allocations to municipal, high yield and non-US markets.

At a Glance
ISIN IE0002460867
Bloomberg Ticker PIMTRAI
Fund Total Net Assets 6,022,445,619.55 USD
Management Fees (%) 0.50
Benchmark Bloomberg Barclays U.S. Aggregate Index
Fund Inception Date 01/31/1998
Class Inception Date 01/31/1998
Base Currency Code USD
Effective Duration (Years) 4.62
Current Yield (%) 2.80
% YTD Performance 3.15
Effective Maturity 7.22
Average Coupon 2.94
Bull Duration Delta -0.58
Bear Duration Delta 0.29
Curve Duration 0.17
Mortgage Spread Duration 2.45

Data as of 05/31/2017

Daily Prices (USD)

NAV Day Change
28.96 0.07
+0.24%
YTD Return (Net of Fees)
3.65%
as of 06/20/2017

Historical Prices (USD)

06/16/2017 06/19/2017 06/20/2017
28.92 28.89 28.96
All Historical Data
Total Return Bond Fund Filter Results
Pricing Distributions
The Inception Date (earliest data available) for this fund is 01/31/1998
Start Date:
End Date:
Summary
The fund invests in a wide range of fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies or governments from around the world. Securities will mainly be priced in US Dollars but the fund may also hold other currencies as well as securities that are priced in other currencies. The investment advisor will choose securities with varying repayment dates based on its expectations for interest rate and exchange rate changes. The fund may invest in emerging markets, which in investment terms are those economies that are still developing. The Fund's benchmark is the Barclays Capital U.S. Aggregate Index. It is used to measure duration. Duration is the sensitivity of a fixed income security to a change in interest rates. The longer the duration of a fixed income security, the higher its sensitivity to interest rates. The securities will mostly be "investment grade", as determined by international ratings agencies. Whilst potentially producing a lower level of income than "non-investment grade" securities, they are also considered to be of lower risk.
Fund Specific Documents
Quarterly Investment Reports
Holdings
Fund Net Cash Flow
Click here to view "KIIDs"
Managers
Scott A. Mather

Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. He is a member of the Investment Committee and a generalist portfolio manager. Mr. Mather also oversees ESG portfolio integration in the U.S. Previously he was head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He has 22 years of investment experience and holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.

Mark R. Kiesel

Mr. Kiesel is CIO Global Credit and a managing director in the Newport Beach office. He is a member of the Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business as well as credit research. Morningstar named him Fixed-Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the financial media. He joined PIMCO in 1996 and previously served as PIMCO's global head of investment grade corporate bonds and as a senior credit analyst. He has 24 years of investment experience and holds an MBA from the University of Chicago's Graduate School of Business. He received his undergraduate degree from the University of Michigan.

Mihir P. Worah

Mr. Worah is CIO Asset Allocation and Real Return and a managing director in the Newport Beach office. He is a member of the Investment Committee and the Executive Committee, and oversees portfolio management for the U.S. He is a generalist portfolio manager who manages a variety of fixed income, commodity and multi-asset portfolios. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford Linear Accelerator Center, where he built models to explain the difference between matter and anti-matter. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. He has 16 years of investment experience and holds a Ph.D. in theoretical physics from the University of Chicago.

Benchmark:
All Data as of
Time Period 1 mth 3 mth 6 mth 1 year 3 years 5 years 10 years Since Inception
Fund %
Benchmark %
Alpha %
All Data as of
Fund Performance
Chart shows performance from first month-end for the oldest share class.

Fund Pages

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    • StocksPLUS™ Fund
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    • UK Corporate Bond Fund
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Fund Documents
Fact Sheets
Holdings
Quarterly Investment Reports

General Documents

Prospectus
Annual Report
Semi Annual Report
KIIDs
PIMCO Lux UK Tax Reporting
Holiday Season Dealing Dates
Renumeration Policy

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Performance data current to the most recent month-end is available by calling +44 207 872 1369.

Effective Duration: Measure of a bond portfolio's (or a bond's) price sensitivity to changes in interest rates. It is a weighted maturity at present value of all principal and interest payments.

Average Credit Quality: The credit quality of the holdings in a portfolio does not apply to the safety or stability of the fund.

Benchmark: Barclays Capital 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. It is not possible to invest directly in an unmanaged index.

Investors should consider the investment objectives, risks, charges and expenses of these Funds carefully before investing. This and other information is contained in the Fund's prospectus. Please read the prospectus carefully before you invest or send money. For a copy of the Fund’s Prospectus, contact: Brown Brothers Harriman Fund Administration Services (Ireland) Limited, Telephone +353 1 241 7100, Fax +353 1 241 7101. email: PIMCOTeam@bbh.com

In an environment where interest rates may trend upward, rising rates will negatively impact most bond funds, and fixed income securities held by a fund are likely to decrease in value. Bond funds and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.

The Fund may invest in high-yield, lower-rated securities, which generally involve greater risk to principal than investment in higher-rated securities. The Fund may use derivative instruments for efficient portfolio management purposes. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested. The Fund may invest in non-U.S. securities, which include potentially higher risks due to non-U.S. currency fluctuations and political or economic uncertainty and may be enhanced when investing in emerging markets. The credit quality of the investment in the portfolio does not apply to the stability or safety of the Fund. The Fund offers different share classes, which are subject to different fees and expenses (which may affect performance), have different minimum investment requirements and are entitled to different services. Distributed by PIMCO Europe Ltd, 11 Baker Street, W1U 3AH, England.
 
No part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission.
Copyright 2012, PIMCO ​
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