Strategic Bond Fund

ATMCX

Updated May 29, 2020

Objective

The Fund seeks maximum long-term return, consistent with preservation of capital and prudent investment management.

Primary Portfolio

Broad range of fixed income instruments

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Overview

Fund Overview

A flexible bond offering designed to diversify and limit volatility

PIMCO Strategic Bond Fund employs a globally oriented dynamic strategy, untethered by traditional, interest rate-dominated benchmarks. Expressing PIMCO’s time-tested investment process across the global fixed income opportunity set, the fund seeks to be a comprehensive fixed income solution while complementing core bond and equity allocations. The fund targets multiple sources of total return to capture diverse opportunities as economic and market conditions change.

Why Invest In This Fund

Broad opportunity set

Removing the focus on a traditional bond benchmark allows the fund to diversify exposures across global interest rate, credit and currency markets, while emphasizing those segments with the most attractive risk-adjusted return characteristics.

Flexible investment approach

The fund’s ability to go long and short across the full spectrum of global fixed income markets allows it to navigate a wide variety of market conditions in pursuing positive returns in this increasingly complex investment environment. The fund has the flexibility to manage duration exposure between -1 and +5 years.

A diversified complement to traditional bond and equity allocations

To express PIMCO’s higher conviction views, the fund seeks to retain key long-term benefits of core bonds - notably modest volatility and diversification versus equities - while retaining tactical flexibility over shorter time

Our Expertise

The fund is managed by an experienced team led by Marc Seidner, CIO of Non-traditional Strategies, and Mohit Mittal, a managing director and senior member of the credit portfolio management team. They are supported by the full spectrum of PIMCO’s global resources and our four decades of active bond management experience.

PRIMARY BENCHMARK

3 Month USD LIBOR

PRIMARY BENCHMARK DESCRIPTION

The 3 Month USD LIBOR (London Interbank Offered Rate) 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.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

01/30/2009

CUSIP

72201P720

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Managers

Mohit Mittal began managing the fund on 30 July 2018.

Marc P. Seidner

CIO Non-traditional Strategies

View Profile for Marc P. Seidner

Mohit Mittal

Portfolio Manager, Liability Driven Investment and Credit

View Profile for Mohit Mittal

Yields & Distributions