Total Return Fund II

PMTPX

Updated August 23, 2019

Objective

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

Primary Portfolio

Intermediate-term fixed income securities with quality and foreign issuer restrictions

Overview

 

Fund Overview

Anchor your portfolio with a solid core

Since the launch of Total Return II in 1991, the fund has focused on maximizing total return potential while protecting principal. That emphasis has helped the fund deliver attractive returns through the ups and downs of bond market cycles.

Why Invest In This Fund

Quality, diversification, flexibility

The fund emphasizes higher quality, intermediate-term bonds of U.S. issuers and aims to avoid concentration risk exposure by being more diversified than many traditional core bond funds. Its flexibility to access multiple sectors of the U.S. fixed-income market helps it to manage overall risk and increase total return potential.

Strong long-term returns

Since inception, the fund has helped anchor investors' portfolios as a true core bond holding. Its flexibility and risk-focused approach have helped it deliver attractive returns across varying market and interest rate environments.

A risk-focused approach

Unlike funds that simply seek the highest yield, the fund aims to provide investors with a combination of income and capital appreciation potential. It is guided by a forward-looking, risk-focused philosophy that aims to identify risk early while also being positioned to capture attractive returns.

Our Expertise

The fund's expert portfolio management team – Scott Mather is CIO U.S. Core Strategies, Mark Kiesel is CIO Global Credit and Mihir Worah is CIO Real Return and Asset Allocation – is supported by the full spectrum of PIMCO's global resources and our four decades of active bond management experience.

PRIMARY BENCHMARK

Bloomberg Barclays U.S. Aggregate Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Monthly with Daily Accrual

SHARE CLASS INCEPTION

12/31/2009

CUSIP

72201P258

RELATED

Scott Mather, CIO U.S. Core Strategies, discusses why core bond indexes are riskier today and cautions passive investors that they may not be being compensated for new risks.

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Managers

 

Scott A. Mather

CIO U.S. Core Strategies

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Mark R. Kiesel

CIO Global Credit

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Mihir P. Worah

CIO Asset Allocation and Real Return

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Yields & Distributions