Higher income and growth potential from multiple global bond sectors
Investing across credit and emerging market bond sectors, PIMCO Diversified Income Fund can serve as a risk-managed, income-oriented complement to traditional core bond holdings.
Why Invest In This Fund
Enhanced income potential
The fund can take advantage of a global opportunity set, focusing on bond sectors that may provide an incremental yield advantage over developed market government bonds. These sectors include primarily investment grade corporate, high yield and emerging market bonds, as well as other credit sectors appearing to offer relative value.
A dynamic, flexible approach
The fund’s management team has the flexibility to adjust the fund’s sector weightings in response to changing market and economic conditions. This dynamic approach can allow the fund to both be defensive and take advantage of compelling income opportunities across regions and credit qualities.
Strong risk-adjusted returns
Sector allocations are guided by PIMCO’s forward-looking global outlook, favoring what we believe are the most attractive return opportunities while limiting exposure to sectors offering less compelling relative value or more downside risk. Over time, our diversified approach has resulted in attractive risk-adjusted returns.
PIMCO has managed credit portfolios for more than 40 years, supported by 50-plus credit analysts based in nine different global offices. This broad investment platform enables us to uncover the best relative value opportunities globally.
Bloomberg Barclays Global Credit Hedged USD Index
PRIMARY BENCHMARK DESCRIPTION
Bloomberg Barclays Global Credit Hedged USD contains investment grade and high yield credit securities from the Multiverse represented in US Dollars on a hedged basis, (Multiverse is the merger of two groups: the Global Aggregate and the Global High Yield). It is not possible to invest directly in an unmanaged index.
1/3 each - Bloomberg Barclays Global Aggregate Credit ex Emerging Markets, USD Hedged; ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index, USD Hedged; and JPMorgan EMBI Global, USD Hedged
SECONDARY BENCHMARK DESCRIPTION
The Bloomberg Barclays Global Aggregate Credit ex Emerging Markets (USD Hedged) provides a broad-based measure of the global developed markets investment-grade fixed income markets. The ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index (USD Hedged) tracks the performance of below investment grade bonds of corporate issuers domiciled in developed market countries rated BB1 through B3, based on an average of Moody's, S&P and Fitch. Qualifying bonds are capitalization-weighted provided the total allocation to an individual issuer (defined by Bloomberg tickers) does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. The index is rebalanced on the last calendar day of the month. The JPMorgan EMBI Global (USD Hedged) tracks total returns for U.S. dollar-denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities, Brady bonds, loans, Eurobonds and local market instruments. It is not possible to invest in an unmanaged index.
Monthly with Daily Accrual
SHARE CLASS INCEPTION