Low Duration Fund

PLDRX

Updated October 17, 2019

Objective

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

Primary Portfolio

Shorter-term, investment grade bonds (1-3 yr. avg. duration)

Overview

Fund Overview

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.

Our Expertise

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.

PRIMARY BENCHMARK

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.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

12/31/2002

CUSIP

72200Q869

RELATED

Managers

Scott A. Mather

CIO U.S. Core Strategies

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Jerome M. Schneider

Head of Short-Term Portfolio Management

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Yields & Distributions