An unconstrained approach to the mortgage market
This fund seeks to generate consistent, absolute returns across full market cycles by investing in a broad array of mortgage-related securities, though it may not fully participate in strong (positive) market rallies.
Why Invest In This Fund
Flexibility to pursue the most attractive opportunities
Untethered to a traditional benchmark, the fund has the ability to tactically allocate across various subsectors of the global mortgage-backed securities (MBS) market, including U.S. and European, residential and commercial and Agency and private label MBS.
Targeting long-term absolute returns
Seeking attractive absolute returns across full market cycles, the fund’s flexibility and wide duration band (-1 to 8 years) allows for active management of its exposure to a variety of risk factors, including interest-rate risk and credit risk.
PIMCO’s deep resources
PIMCO has been investing in the mortgage-backed securities market for over thirty years and is one of the largest, most sophisticated investors in this space. With one of the deepest mortgage investment teams in the industry, PIMCO’s sector-specific specialists cover the entire spectrum of mortgage-related assets.
The fund’s veteran portfolio management team brings unique skills and expertise in the global mortgage-backed securities market to the portfolio. The fund also benefits from PIMCO’s broader mortgage investment team - one of the deepest in the industry - and sector-specific specialists who cover the entire spectrum of mortgage-related assets.
3 Month USD LIBOR Index
PRIMARY BENCHMARK DESCRIPTION
The 3 Month USD LIBOR (London Interbank Offered Rate) Index is an average interest rate, determined by the ICE Benchmark Administration, that banks charge one another for the use of short-term money (3 months) in England's Eurodollar market. It is not possible to invest in an unmanaged index.
Monthly with Daily Accrual
SHARE CLASS INCEPTION