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| PIMCO Investment Grade Corporate Bond Strategy |
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| Investment Style |
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PIMCO’s Investment Grade Corporates are actively managed bond portfolios that invest primarily in creditworthy corporate issuers having a debt rating of BBB- or greater by at least one of the nationally recognized credit agencies. We utilize a disciplined approach in the credit selection process, as issuers and industry decisions will contribute meaningfully to the performance of the product. Investment Grade Credit seeks maximum total return, consistent with preservation of capital and prudent investment management.
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| Benchmark |
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While the majority of our investment grade corporate portfolios are benchmarked against Lehman Indices our expertise is suitable to managing against the full spectrum of investment grade indices, including global, UK, US, Australian, and European-based indices.
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| Portfolio Duration |
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Duration is managed within two years of the benchmark. |
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| Market Sectors
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In addition to our primary focus on corporate bonds, the credit universe includes investment-grade sovereign bonds, as well as supranational issuers.
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| Value Added |
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Investment Grade Corporate seeks to add value through multiple sources including:
- Credit Research
- Bottom Up Techniques to Identify Undervalued Securities
- Duration Management
- Utilization of "Nontraditional" Sectors
- 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. 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. 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.
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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