Access to the full EM bond toolkit
The fund is designed to offer investors a comprehensive strategy to emerging markets (EM) fixed income exposure, with dynamic asset allocation decisions based on PIMCO’s evolving assessments of the global economy and markets.
Why Invest In This Fund
Dynamic exposure to EM bonds
The fund allows investors to gain strategic exposure to the growing EM fixed income universe. Ongoing tactical asset allocation adjustments are based on PIMCO’s assessments of the global economy and markets, and relative values among EM fixed income classes. Exposures are gained primarily through PIMCO’s EM funds, although the fund may also hold other funds and individual securities.
Attractive return potential
The fund’s ability to invest across diverse EM fixed income classes – including local government bonds and U.S. dollar-denominated sovereign and corporate securities – allows it to capture compelling spread, yield and exchange rate opportunities through shifting market conditions, while also managing the risks associated with EM.
Extensive EM experience
PIMCO’s emerging markets team averages 12 years of experience analyzing sovereign creditworthiness, assessing policy developments, and trading across a wide range of market environments. The fund’s actively managed approach combines PIMCO’s top-down insights with intensive bottom-up country and corporate credit analysis.
The fund is managed by Pramol Dhawan, a managing director and co-chair of the emerging markets portfolio committee with 15 years of experience, Yacov Arnopolin, an executive vice president in our London office with 19 years of experience, and Francesc Balcells, an executive vice president in our London office with 23 years of experience. The expert team draws on our time-tested investment process, which combines macroeconomic forecasting with rigorous bottom-up credit research. PIMCO has been managing EM portfolios since 1997.
50% JPMorgan Global Bond Index Emerging Markets-Global Diversified, 25% JPMorgan Emerging Markets Bond Index Global and 25% JPMorgan Corporate Emerging Market Bond Index Diversified
PRIMARY BENCHMARK DESCRIPTION
The benchmark is a blend of 50% JPMorgan Global Bond Index Emerging Markets- Global Diversified, 25% JPMorgan Emerging Markets Bond Index Global and 25% JPMorgan Corporate Emerging Market Bond Index Diversified. The JPMorgan Global Bond Index Emerging Markets - Global Diversified is a uniquely-weighted version of the Emerging Markets Bond Index Global. It limits the weights of those index countries with larger debt stocks by only including specified portions of these countries eligible current face amounts of debt outstanding. The JPMorgan Emerging Markets Bond Index (EMBI) Global tracks total returns for United States Dollar denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, and Eurobonds. JPMorgan Corporate Emerging Market Bond Index Diversified tracks total returns of US dollar-denominated debt instruments issued by corporate entities in Emerging Markets countries. It is not possible to invest directly in an unmanaged index.
Monthly with Daily Accrual
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