Government Money Market Fund

PGYXX

Updated April 18, 2019

Objective

Seeks maximum current income, consistent with preservation of capital and daily liquidity

Primary Portfolio

Money market instruments

Overview

Fund Overview

Highlights

Employs a diverse cash strategy consisting of a portfolio of high quality Treasury and money market instruments in U.S. dollar denominated securities.

Actively managed to maintain daily liquidity and to preserve capital.

Managed to minimize any increase in risk relative to market benchmark.

Invests only in U.S. Treasury Bills, Notes, and other obligations issued or guaranteed as to principal and interest and by the U.S. government, its agencies or instrumentalities, and Repurchase Agreements secured by such obligations.

Why Invest In This Fund

For Short-Term Investment

Stock and bond funds should, in general, be viewed as long-term investments. So where can you invest the money you might need in three to six months, if not sooner? Traditionally most financial advisors recommend putting aside a minimum of three months of living expenses in a short-term, liquid investment, such as a money market fund.

Alternative to Savings Account and CDs

Money market funds strive to provide many of the same benefits as savings accounts and CDs. But with the assumption of slightly more risk, they attempt to provide a higher yield. Money market funds generally seek to offer:

  • Current income
  • Liquidity
  • Price stability
  • Of course, unlike CDs and bank savings accounts, money market fund shares are not guaranteed as to repayment of principal and interest, and they do not offer a fixed rate of return.

    An investment in the PIMCO Government Money Market Fund is not insured nor guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

    PRIMARY BENCHMARK

    FTSE 3-Month Treasury Bill Index

    PRIMARY BENCHMARK DESCRIPTION

    FTSE 3-Month Treasury Bill Index is an unmanaged index representing monthly return equivalents of yield averages of the last 3 month Treasury Bill issues. It is not possible to invest directly in an unmanaged index.

    DIVIDEND FREQUENCY

    Monthly with Daily Accrual

    SHARE CLASS INCEPTION

    05/13/2016

    CUSIP

    72202E534

    RELATED

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    Managers

    Jerome M. Schneider

    Head of Short-Term Portfolio Management

    View Profile

    Yields & Distributions

    Historical Prices & Distributions

    Distribution Yield (At Nav) 1 as of 03/31/2019 2.37%
    1 - Day Distribution Yield as of 04/18/2019 2.40%
    30 - Day SEC Yield2 as of 03/31/2019 2.39%
    30 - Day SEC Yield2 as of 04/18/2019 2.39%
    7 - Day SEC Yield2 as of 04/18/2019 2.39%
    Latest Dividend Distribution ($ Share)3 as of 03/29/2019 $0.002011960
    Dividend Distribution (YTD) 4 as of 03/29/2019 $0.005735340
    Yields & Distributions Footnotes & Disclosures

    disclosures

    1The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The distribution yield for annual paying Funds is calculated by taking the annual distribution divided by the Fund’s net asset value on ex-date. The yield is annualized if the Fund incepted less than a year ago. The yield does not include long- or short-term capital gains distributions.
    2The 30-Day SEC yield is an annualized yield based on the most recent 30 day period. The 7-Day SEC yield is an annualized yield based on the most recent 7 day period. The yield quotation more closely reflects the current earnings of the fund than the total return quotation.
    3Data does not include special cash dividends.
    4Data is based on distributions since the most recent calendar year end and does not include special cash dividends.
    Unless stated, the Fund does not have an unsubsidized yield.

    Fees & Expenses

    Effective as of 07/30/2018
    Total Expense Ratio 0.18%

    Prices & Performance

    Daily Statistics

    All data as of 04/18/2019

    NAV $1.00 One Day Return 0.03%
    Daily Change $0.00 Daily YTD Return 0.71%
    Click here to view Historical Prices

    View Market Based NAV

    • Average Annual Returns
    • Cumulative Returns

    All data as of

    • Daily
    • Month End
    • Quarter End

    All data as of

    • Daily
    • Month End
    • Quarter End
    Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did.

    Differences in the Fund’s performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index.

    There is no assurance that any fund, including any fund that has experienced high or unusual performance for one or more periods, will experience similar levels of performance in the future. High performance is defined as a significant increase in either 1) a fund’s total return in excess of that of the fund’s benchmark between reporting periods or 2) a fund’s total return in excess of the fund’s historical returns between reporting periods. Unusual performance is defined as a significant change in a fund’s performance as compared to one or more previous reporting periods.

    Calendar Year Returns %

    All data as of

    Growth of $10,000 (hypothetical)

    Morningstar and Lipper

    • Morningstar Ratings
    • Lipper Rankings
    Prices & Performance Footnotes & Disclosures

    disclosures

    Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.
    Daily YTD return is from the most recent calendar year end.
    Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.
    A rating is not a recommendation to buy, sell or hold a fund. © 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.Past performance is not a guarantee or a reliable indicator of future results.
    Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar, Inc.® 2017. All rights reserved. The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
    The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

    Liquidity

    Net Shareholder Activity

    Daily Liquid Assets5