Total Return Fund

PTTRX

Updated October 19, 2018

Objective

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

Primary Portfolio

Intermediate-term, investment grade bonds

Overview

 

Fund Overview

A solid core bond choice for millions of investors

Since 1987, the fund has focused on maximizing total return potential while protecting principal. That emphasis has helped it 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 and aims to avoid concentration risk by being more globally diversified than many core bond funds. It also has considerable flexibility to respond to changing economic conditions, helping to manage 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

05/11/1987

CUSIP

693390700

RELATED

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

View Profile

Yields & Distributions

Historical Prices & Distributions

Distribution Yield (At Nav) 1 as of 09/30/2018 2.80%
1 - Day Distribution Yield as of 10/19/2018 -
30 - Day SEC Yield2 as of 09/30/2018 2.53%
30 - Day SEC Yield2 as of 10/19/2018 -
Latest Dividend Distribution ($ Share)3 as of 09/28/2018 $0.020542200
Dividend Distribution (YTD) 4 as of 09/28/2018 $0.193357790
Yields & Distributions Footnotes & Disclosures

disclosures

1The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The distribution yield for annual paying Funds is calculated by taking the annual distribution divided by the Fund’s net asset value on ex-date. The yield is annualized if the Fund incepted less than a year ago. The yield does not include long- or short-term capital gains distributions.
2The 30-Day SEC yield is an annualized yield based on the most recent 30 day period.
3Data does not include special cash dividends.
4Data is based on distributions since the most recent calendar year end and does not include special cash dividends.
Unless stated, the Fund does not have an unsubsidized yield.

Fees & Expenses

Effective as of 07/30/2018
Total Expense Ratio 0.55%
The Net Expense Ratio excluding interest expense is 0.46%. Interest expense can result from portfolio investment transactions and is not paid to PIMCO.

Prices & Performance

Daily Statistics

All data as of 10/19/2018

NAV $9.85 One Day Return -0.18%
Daily Change $-0.02 Daily YTD Return -2.07%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End
  • Quarter End

All data as of

  • Daily
  • Month End
  • Quarter End
Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did.

Differences in the Fund’s performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index.

No assurance is being made that any fund that may have experienced high or unusual performance for one or more periods will continue to experience such performance. High performance is defined as an unusual growth in alpha between reporting periods or total return when measured to historical returns. Unusual performance is defined as an unusual change in performance (+/-) between reporting periods and the portfolio experienced unusual performance for one or more periods.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar and Lipper

  • Morningstar Ratings
  • Lipper Rankings
Prices & Performance Footnotes & Disclosures

disclosures

Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.
Total return performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The minimum initial investment for Institutional class shares is $1 million; however, it may be modified for certain financial intermediaries who submit trades on behalf of eligible investors.


The Fund returns are since the Fund's inception and the index returns are since 04/30/1987.
Daily YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.
A rating is not a recommendation to buy, sell or hold a fund. © 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.Past performance is not a guarantee or a reliable indicator of future results.
Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar, Inc.® 2017. All rights reserved. The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

Portfolio Composition

All data as of unless otherwise stated

Maturity %

0-1 yrs 0.02
1-3 yrs 0.00
3-5 yrs 76.41
5-10 yrs 19.80
10-20 yrs 2.42
20+ yrs 1.35
Effective Maturity (yrs) 5.69

Duration in Years

Effective Duration (yrs) 4.70

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 2.69
Sharpe Ratio5 0.50
Information Ratio6 0.65
Tracking Error7 1.28

Sector Allocation
Market Value %

US Government Related8 49.70
Mortgage 76.11