Global Bond Opportunities Fund (Unhedged)

PADMX

Updated October 11, 2019

Objective

Seeks maximum total return, consistent with preservation of capital and prudent investment management

Primary Portfolio

Intermediate maturity U.S. and unhedged foreign fixed income securities

Overview

Fund Overview

Access high-quality fixed income worldwide

PIMCO Global Bond Opportunities Fund (U.S. Hedged) utilizes benchmark agonistic approach that provides greater flexibility to invest across global markets than a traditional, benchmark oriented bond strategy with limited currency risk. By navigating exposures across different rate environments, growth dynamics, credit profiles, and policy objectives, the fund has demonstrated an ability to deliver attractive returns while reducing overall portfolio volatility.

Why Invest In This Fund

Enhanced flexibility to invest across global markets

Guided by PIMCO’s global outlook, the fund’s flexible structure allows it to focus on what we believe are the best ideas in global fixed income while also retaining core bond characteristics.

Increased return diversification relative to domestic bonds

Diversifying instruments internationally can help mitigate volatility, and may also grant rich opportunities for solid diversification and the potential for strong risk-adjusted returns over time.

Time-tested process

Supported by a deep international presence with over 50 global portfolio managers located around the world, the fund capitalizes on PIMCO’s industry leadership and time-tested investment process, which guide portfolio construction via our top-down macroeconomic outlook and rigorous bottom-up credit analysis.

PRIMARY BENCHMARK

Bloomberg Barclays Global Aggregate (USD Unhedged) Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays Global Aggregate (USD Unhedged) Index provides a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian Government securities, and USD investment grade 144A securities. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

07/31/1996

CUSIP

693390684

Managers

Andrew Balls

CIO Global Fixed Income

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Sachin Gupta

Head of Global Portfolio Management Desk

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Lorenzo Pagani

Head of European Government Bond Portfolio Management

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Yields & Distributions