Long-Term U.S. Government Fund


Updated July 02, 2020


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

Primary Portfolio

Long-term U.S. government bonds (average portfolio duration of 8 or more years)



Fund Overview

A high quality bond fund for long-term investors

With a focus on long-term U.S. government securities, the fund may be used as a core holding for risk-tolerant investors or to help position a portfolio for expected interest rate trends.

Why Invest In This Fund

A high credit quality investment

U.S. government securities offer income and capital appreciation potential with low credit risk. Note that while the fund invests at least 80% of its assets in U.S. government securities, its shares are not government-guaranteed and they will fluctuate in value.

Total return approach

By focusing on current income alone many U.S. government funds may be sacrificing opportunities to protect and grow capital. This fund pursues maximum total return - both income and capital appreciation - using the PIMCO’s time-tested investment process.

Time-tested process

The fund benefits from PIMCO’s time-tested investment process: our rigorouslydeveloped macro outlook, our bottom-up credit analysis and our research teams’ deep reservoir ofspecialized investment expertise.

Our Expertise

Drawing on PIMCO’s rigorously developed global macro outlook and extensive bottom-up credit research capabilities, the fund’s expert portfolio management team employs numerous strategies to increase total return potential and manage risk. These include duration and yield curve management -especially important to long-duration portfolios.


Bloomberg Barclays Long-Term Treasury Index


Bloomberg Barclays Long-Term Treasury Index consists of U.S. Treasury issues with maturities of 10 or more years. It is not possible to invest directly in an unmanaged index.


Monthly with Daily Accrual






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Rene Martel, head of retirement at PIMCO, and Chantal Manseau, head of U.S. corporate client practice, address top-of-mind-questions for DB plan sponsors about market volatility, the rate environment and their LDI portfolios.

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Mike Cudzil

Portfolio Manager, Liability-Driven Investment

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Steve A. Rodosky

Portfolio Manager, Real Return and Long Duration

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Yields & Distributions