PIMCO’s Prime Money Market strategy is designed to maximize current income while preserving capital and providing daily liquidity. To meet these goals, money market strategies traditionally invest in short-term, high-quality, fixed-income securities with minimal volatility and credit risk. These include, but are not limited to, U.S. Treasury securities, federal agency securities, commercial paper, banker’s acceptances, certificates of deposit, short-term corporate debt, and variable and floating rate debt securities.
The objective is to consistently outperform both a passive and active benchmark without taking on excess risk. The passive benchmark is represented by the Citigroup 3 Month Treasury Bill Index and the active benchmark is represented by the Lipper Money Market Index of the 30 largest money market mutual funds.