Exposure to high-quality longer duration bonds
Combining our top-down global macroeconomic analysis with our rigorous credit research, the fund seeks to outperform longer-duration benchmarks without excess volatility by investing primarily in long-duration, investment-grade corporate and sovereign bonds.
Why Invest In This Fund
Attractive yield potential
The fund focuses on corporate and credit securities with a longer duration, which is a measure, in years, of a security’s price sensitivity to interest rate changes. Because this strategy entails greater sensitivity to changing interest rates, it may be used as a core holding for investors with longer term liabilities or those investing based on expected interest rate trends.
Flexibility to enhance returns
The fund has access to a broad investment universe, including sovereign bonds, mortgages and foreign bonds and pursues maximum total return – both income and capital appreciation – using the same time-tested investment process and philosophy that PIMCO applies across all of its investment portfolios.
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.
Mark Kiesel was named Morningstar's 2012 Fixed Income Fund manager of the Year. He is a longtime investment manager, CIO Global Credit and the global head of PIMCO's corporate bond portfolio management group and a senior member of the investment strategy and portfolio management group.
Bloomberg Barclays U.S. Long Credit Index
PRIMARY BENCHMARK DESCRIPTION
Bloomberg Barclays U.S. Long Credit Index includes both corporate and non-corporate sectors with maturities equal to or greater than 10 years. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. It is not possible to invest directly in an unmanaged index.
Monthly with Daily Accrual
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