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| PIMCO All Asset Strategy |
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| Investment Style |
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All asset is an actively managed, multi-market strategy that allocates assets tactically among multiple PIMCO strategies, including both conventional and alternative market sectors. The objective of All Asset is to achieve maximum real return (total return less inflation), seeks returns in excess of inflation consistent with real-capital preservation and prudent investment management. In making decisions for the strategy, we consider various quantitative and qualitative data relating to the U.S. and Non-U.S. economies and securities markets. This data includes current yields, projected growth trends, forecasts for interest rates and the relationship between valuation levels in the equity and fixed income markets and various segments within those markets, the outlook and projected growth of various industrial sectors, information relating to the business cycles, and borrowing needs and the cost of capital. |
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| Benchmark |
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Lehman Global Real: 1-10 Year U.S. TIPS Index. |
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| Portfolio Duration |
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Average of strategies held (All Asset does not invest in securities directly, but in other PIMCO strategies). |
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| Market Sectors
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All sectors in which PIMCO operates, including Government, Corporate, Mortgage, Money Market, Emerging Market, Inflation-Indexed, Equity and Commodity. |
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| Value Added |
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Real Return seeks to add value through multiple sources including:
- Tactical Asset Allocation
- Active Yield Curve Management
- Quantitative Research
- Sector Rotation
- Bottom Up Techniques to Identify Undervalued Securities
- Credit Research
- Volatility Analysis
- Cost Efficient Trading
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| For more information, please go to the
Contact Us page. |
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Past performance is not a guarantee or a reliable indicator of future results. The strategy invests in other PIMCO products and performance is subject to underlying investment weightings which will vary. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Investing in non-U.S. securities involves heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. TIPS issued by the U.S. Government are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation. U.S. government securities are backed by the full faith of the government; portfolios that invest in them are not guaranteed and will fluctuate in value. Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and while generally backed by a government, government-agency or private guarantor there is no assurance that the guarantor will meet its obligations. Derivatives and commodity-linked derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The cost of investing in the strategy may be higher than the cost of investing in a strategy that invests directly in individual stocks and bonds.
Lehman Brothers Global Real Index is an unmanaged market index made up of U.S. Treasury Inflation Linked indexed securities. It is not possible to invest directly in an unmanaged index.
This material has been distributed for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Pacific Investment Management Company LLC, 840 Newport Center Drive, Newport Beach, CA 92660. ©2008, PIMCO.
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