Dynamic Bond Fund

PUBRX

Updated August 16, 2019

Objective

Seeks maximum long-term return, consistent with preservation of capital and prudent investment management

Primary Portfolio

The average portfolio duration of this Fund will normally vary from (negative) 3 years to positive 8 years.

Overview

Fund Overview

A flexible bond strategy that taps the global fixed income universe

PIMCO Dynamic Bond Fund offers investors flexibility and potential for enhanced portfolio resiliency in the face of challenging market environments. With the ability to go where the opportunities are across the global bond universe, untethered by traditional, interest rate-dominated benchmarks, the fund seeks to take advantage of market dislocations – while remaining focused on prudent risk management.

Why Invest In This Fund

A complement to core bonds – and a comprehensive fixed income solution

The fund has the potential to be more defensive than core bonds when rates rise while also maintaining the long-term benefits of the asset class like modest volatility, liquidity and reduced sensitivity to equities.

Lower correlation to traditional equities and bonds

By combining rigorous top-down and bottom-up research, the fund is able to focus on finding what PIMCO believes are the best ideas across global rates, spreads, and currencies, and rely less on single risk factors, such as credit, in seeking to generate attractive returns – offering diversified, global exposure across all fixed income opportunities.

Access to one of the world’s premier fixed income managers

Working closely together, the fund’s veteran portfolio management team and PIMCO’s risk managers draw on our industry-leading expertise, time-tested investment process and global resources to drive attractive return potential and diversify risk.

Our Expertise

The fund’s expert portfolio management team – Marc Seidner is CIO of Non-traditional Strategies, Mohsen Fahmi is a managing director with 30+ years of investment experience, and Dan Ivascyn is PIMCO’s Group CIO - is supported by the full spectrum of PIMCO’s global resources and our four decades of active bond management experience.

PRIMARY BENCHMARK

3 Month USD LIBOR Index

PRIMARY BENCHMARK DESCRIPTION

The 3 Month USD LIBOR (London Interbank Offered Rate) Index is an average interest rate, determined by the ICE Benchmark Administration, that banks charge one another for the use of short-term money (3 months) in England's Eurodollar market. It is not possible to invest in an unmanaged index.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

07/31/2008

CUSIP

72201M289

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Managers

Marc P. Seidner

CIO Non-traditional Strategies

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Mohsen Fahmi

Portfolio Manager, Global Fixed Income

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Daniel J. Ivascyn

Group Chief Investment Officer

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Yields & Distributions