Investment Grade Credit Bond Fund

PBDPX

Updated December 04, 2019

Objective

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

Primary Portfolio

Corporate fixed income securities (3-7 years avg. duration)

Overview

Fund Overview

Seeks attractive returns from high quality corporate bonds

Combining PIMCO’s forward-looking macroeconomic outlook and extensive bottom-up credit research, the fund helps investors take advantage of opportunities in higher-quality corporate bonds.

Why Invest In This Fund

Attractive total return potential

The fund aims to provide investors with greater income potential relative to Treasuries and cash, as well as more income and less volatility in returns when compared to equity indexes.

Flexibility to enhance returns

The fund has the ability to broadly diversify across industries, issuers and regions of the corporate bond sector and can seek to add value through investments in high quality U.S. government bonds, mortgages and foreign bonds.

Extensive credit resources and research

Employing a disciplined approach to credit research, the fund accesses PIMCO’s team of more than 50 bottom-up credit investment professionals and utilizes top-down, bottom-up and valuation screens to identify what we believe are the most attractive opportunities in global credit markets.

Our Expertise

Mark Kiesel was named Morningstar's 2012 Fixed Income Fund manager of the Year. A longtime investment manager, he is CIO Global Credit, the global head of PIMCO's corporate bond portfolio management group and a senior member of the investment strategy and portfolio management group.

PRIMARY BENCHMARK

Bloomberg Barclays U.S. Credit Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays U.S. Credit Index is an unmanaged index comprised of publicly issued U.S. corporate and specified non-U.S. debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. This index was formerly known as the Bloomberg Barclays Credit Investment Grade Index. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

04/30/2008

CUSIP

72201M685

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The pitfalls and opportunities we see in high yield markets highlight the importance of active portfolio management, rigorous credit analysis, and taking a cautious and selective approach.

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Managers

Mark R. Kiesel

CIO Global Credit

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Mohit Mittal

Portfolio Manager, Liability Driven Investment and Credit

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Amit Arora

Portfolio Manager, Credit

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Yields & Distributions