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Seeks maximum total return, consistent with preservation of capital and prudent investment management
Intermediate-term, investment grade bonds
Fund that is focused on maximizing total return potential while seeking capital preservation through prudent investment management. PIMCO’s time-tested approach seeks attractive returns through various economic cycles. Total Return V, built on PIMCO’s Total Return investment process and philosophy, can exclude issuers generally misaligned with faith-based investing values*, while also using environmental-, social-, and governance-related (ESG) criteria to choose securities that comprise the fund. PIMCO may also proactively engage with issuers to encourage improved ESG practices.
As a core bond holding, the fund aims to provide investors with maximum total return, consistent with preservation of capital by emphasizing higher quality, intermediate-term bonds and aims to avoid concentrated risk exposure by investing in a diversified portfolio of fixed income securities.
The fund focuses on the securities of issuers whose business practices align with faith-based values and PIMCO’s ESG investment process. We use a proprietary assessment of material sustainability factors and may also reference standards established by the UN or MSCI Catholic Values Screening Methodology. PIMCO may also actively engage with issuers on material sustainability factors and related risks.
Bloomberg U.S. Aggregate Index
Bloomberg 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.
Monthly with Daily Accrual
Portfolio Manager, Multi-Sector
CIO Portfolio Implementation
Portfolio Manager, Global and U.S. Investment Grade Credit
CIO Global Credit
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*PIMCO intends to predominately rely upon, among other things, information provided by an independent third party to determine whether an issuer is known to be engaged in an activity, including research and screens employed for certain values-based or Catholic institutions such as the MSCI Catholic Values Screening Methodology and related research. PIMCO may also apply additional screens and exclusions. For example, where an issuer is not covered by a third-party, PIMCO may conduct additional reviews to determine whether an investment is consistent with the philosophy of those screens and/or exclusions. There can be no guarantee that the activities of the companies identified for investment (or exclusion) will align with the principles of a faith-based investor.
PIMCO Total Return Fund V is a diversified portfolio of high-quality bonds that is actively managed to maximize return in a risk-controlled framework while incorporating healthcare-related values-based exclusions and focusing on environmental-, social-, and governance oriented (ESG) principles. Please see the Fund's prospectus for more detailed information related to its investment objectives, investment strategies, values-based exclusions, and approach to ESG.
The fund incorporates healthcare-related exclusions, which include abortion providers, stem cell research, contraception manufacturers, adult entertainment providers, and recreational cannabis. The Fund considers ESG factors to choose securities that comprise the fund and to proactively engage with issuers to realize ESG-objectives. Environmental (“E”) factors can include matters such as climate change, pollution, waste, and how an issuer protects and/or conserves natural resources. Social (“S”) factors can include how an issuer manages its relationships with individuals, such as its employees, shareholders, customers and its community. Governance (“G”) factors can include how an issuer operates, such as its leadership, pay and incentive structures, internal controls, and the rights of equity and debt holders.
A word about risk: