Strategies That Can Help Address Your Needs

With higher volatility and lower returns expected over the longer-term, investors will need to balance their current needs with their longer-term return objectives. PIMCO's outcome-oriented strategies are designed to help investors do both – and each is backed by PIMCO's 50 years of active experience.

CHOOSE YOUR DESIRED OUTCOME

Defend Against Volatility

Focus on quality diversifiers to help mitigate downside risk.

PTTRX PIMCO Total Return Bond Fund

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PFMIX PIMCO Municipal Bond Fund

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Aim For High Quality

Consider attractive opportunities that seek to enhance yield potential.

PDMIX GNMA and Government Securities Fund

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PIGIX Investment Grade Credit Bond Fund

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Focus On Flexibility

Look to a flexible, multi-sector strategy that takes a return-oriented and risk-focused approach.

PIMIX Income Fund

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Go On Offense

Aim to take advantage of liquidity premia as well as dislocated and stressed opportunities.

PHMIX PIMCO High Yield Municipal Bond Fund

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Interval Funds

Access new opportunities across public and private markets.

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What to Expect

Expect Lower Returns and Higher Volatility

The COVID-19 crisis has amplified four macroeconomic disruptors, which could shift economies, markets, and portfolios over the next 3-5 years.

With higher volatility likely ahead, we believe active management will continue to be essential for finding attractive opportunities, which typically stem from volatile markets, and navigating the risks of the disruptive trends.

Secular Disruptions

Risks and opportunities

Understanding Relative Risk Across Asset Classes

PIMCO's Investment Committee has long benefited from the concept of concentric rings, which places the most liquid, least risky assets at the center and populates the outer rings with increasingly less liquid and riskier segments.

Importantly, investors should earn increasing risk premia – and potentially higher returns over time – as they move out from the center.

PIMCO's Concentric Circles

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Equities and real estate investment trusts

High yield corporates, subprime mortgages and emerging market debt

High quality commercial mortgage-backed securities

High quality emerging market debt, investment grade corporates and municipals

Secured loans and AAA asset-backed securities

Agency mortgage-backed securities, Treasury Inflation-Protected Securities (TIPS), swaps and Treasury futures

Intermediate- and long-term Treasuries

Ultra short- and short-term bonds

Cash

Tooltip: Ring #1

Agency mortgage-backed securities

PIMCO’s Concentric Circles

RETURN TO CHART

Cash
Ultra short- and short-term bonds
Intermediate- and long-term Treasuries
Agency mortgage-backed securities, Treasury Inflation-Protected Securities (TIPS), swaps and Treasury futures
Secured loans and AAA asset-backed securities
High quality emrging market debt, investment grade corporates and municipals
High quality commercial mortgage-backed securities
High yeild corporates, subprime mortgages and emerging market debt
Equities and real estate investment trusts