A conservative core bond investment
Focused on shorter-term securities, the fund employs a core bond strategy incorporating PIMCO’s signature total return philosophy and provides broad market exposure while maintaining a lower sensitivity to interest rate movements.
Why Invest In This Fund
Enhanced return potential
Because of its 1- to 3-year duration range, the fund typically offers a yield advantage over short-term bond funds. It also uses multiple value-added strategies in an effort to enhance returns and manage risk – an approach that has helped it deliver solid short- and long-term results.
Lower volatility potential
Historically, the fund has been less volatile than intermediate- or long-term bond funds. Of course, the fund may not generate the return potential of longer-term bonds and will also be more volatile than money market funds.
Impressive long-term track record
By employing various value-added strategies – such as credit analysis and sector emphasis – to boost potential return and manage overall risk, the fund has produced strong long-term results and has delivered a consistent track record of positive returns for every two-year period since inception.
The fund's expert portfolio management team – Scott Mather is CIO U.S. Core Strategies and Jerome Schneider is head of the short-term and funding desk – is supported by the full spectrum of PIMCO's global resources and our four decades of active bond management experience.
ICE BofAML 1-3 Year U.S. Treasury Index
PRIMARY BENCHMARK DESCRIPTION
The ICE BofAML 1-3 Year U.S. Treasury Index is an unmanaged index comprised of U.S. Treasury securities, other than inflation-protection securities and STRIPS, with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than three years. It is not possible to invest directly in an unmanaged index.
Monthly with Daily Accrual
SHARE CLASS INCEPTION