Managed Accounts at PIMCO

Managed Accounts

PIMCO’s Managed Account strategies provide access to our time-tested investment expertise while giving investors the transparency and flexibility that comes with direct ownership of securities.

Managed Accounts at PIMCO provide access to institutional investment expertise and are led by some of the top portfolio managers in the industry supported by more than 2,000 dedicated professionals around the world. We employ a rigorous top-down, bottom-up investment process that’s been tested in virtually every market environment over the past 45 years to select, build and optimize portfolios specific to clients’ financial goals.

  • All Asset

    • Aims to achieve high real returns
    • Focuses on diversifying “third pillar” assets
    • Offers exposure to inflation-hedging assets
  • Corporate Bond Ladder

    • Aims to preserve capital and deliver a source of predictable income
    • Invests in a portfolio of corporate bonds with an average credit quality of BBB or higher
  • Low Duration

    • Focuses on broad market exposure and lower interest rate sensitivity
    • Partially allocates to a PIMCO-managed commingled fund for greater diversification potential
    • Emphasizes total return through both income and capital appreciation
  • Municipal Bonds

    • Aims to deliver high quality, tax-efficient returns
    • Invests in a core portfolio of individual municipal bonds plus a municipal commingled fund
    • Partially allocates to a PIMCO-managed commingled fund to achieve greater flexibility and diversification potential
  • Municipal Ladder

    • Designed to generate an attractive, predictable stream of tax-efficient income
    • Emphasizes high quality municipal securities with capital preservation a primary goal
    • Bonds are generally held to maturity, but PIMCO looks out for clients on an ongoing basis by maintaining discretion to replace a bond due to credit or liquidity factors
  • Real Return

    • Targets a portfolio that offers liquidity, low credit risk, and a direct link to inflation
    • Invests primarily in high quality inflation-linked bonds, including Treasury Inflation Protected Securities (TIPS)
    • Partially allocates to a PIMCO-managed commingled fund to achieve greater diversification potential
  • Targeted Municipal Ladder

    • Designed to generate an attractive, predictable stream of tax-efficient income
    • Emphasizes high quality municipal securities with capital preservation a primary goal
    • Bonds are generally held to maturity, but PIMCO may be able to add additional value by maintaining discretion to sell and reinvest out the curve as bonds roll down the lowest rung of the ladder. PIMCO may also seek to help protect clients by replacing a bond due to credit or liquidity factors
  • Total Return

    • A true core bond strategy focusing on high quality intermediate-term bonds
    • Employs a variety a value-added strategies across the global bond markets to increase total return potential and reduce overall risk
    • Partially allocates to a PIMCO-managed commingled fund to achieve greater diversification potential and invest in specialized areas of the bond market

Disclosures

The managed account strategies described in this material are offered by Pacific Investment Management Company LLC and are available exclusively through financial professionals. Managed accounts have a minimum asset level and may not be suitable for all investors. Financial professionals seeking more information should contact their managed accounts department or call their PIMCO representative.

Select Managed Accounts strategies consist of individual securities and a select combination of proprietary, commingled vehicles. These vehicles are available only through managed accounts utilizing the Managed Accounts strategy and are available by prospectus only.

PIMCO All Asset Managed Account strategy consists of an asset allocation model licensed to investment professionals. The model invests in PIMCO mutual funds and ETFs and is updated monthly. These vehicles are available by prospectus only.

Individual account holdings will vary depending on the size of an account, cash flows and account restrictions. Portfolio holdings are subject to change daily without notice. At any time an individual account managed in this strategy may or may not include securities held by another portfolio. Consequently, any particular account may have portfolio characteristics and performance that differ from another individual account in this strategy.

A word about risk:
All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Inflation-linked bonds (ILBs) issued by a government are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. Government. Sovereign securities are generally backed by the issuing government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax.  Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626. ©2017, PIMCO

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