What Should I Do 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 Aim For High Quality Focus On Flexibility Go On Offense Defend Against Volatility Focus on quality diversifiers to help mitigate downside risk. PTTRX PIMCO Total Return Bond Fund Overall Morningstar Rating™ 3-star Rating ★★★ VIEW FUND PFMIX PIMCO Municipal Bond Fund Overall Morningstar Rating™ 4-star Rating ★★★★ VIEW FUND Aim For High Quality Consider attractive opportunities that seek to enhance yield potential. PDMIX GNMA and Government Securities Fund Overall Morningstar Rating™ 5-star Rating ★★★★★ VIEW FUND PIGIX Investment Grade Credit Bond Fund Overall Morningstar Rating™ 4-star Rating ★★★★ VIEW FUND Focus On Flexibility Look to a flexible, multi-sector strategy that takes a return-oriented and risk-focused approach. PIMIX Income Fund Overall Morningstar Rating™ 4-star Rating ★★★★ VIEW FUND Go On Offense Aim to take advantage of liquidity premia as well as dislocated and stressed opportunities. PHMIX PIMCO High Yield Municipal Bond Fund Overall Morningstar Rating™ 5-star Rating ★★★★★ VIEW FUND Interval Funds Access new opportunities across public and private markets. VIEW FUNDS Jump to next section 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. more on our outlook Secular Disruptions Jump to next section 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 See Assets List Tap circles for more information Equities and real estate investment trusts Close High yield corporates, subprime mortgages and emerging market debt Close High quality commercial mortgage-backed securities Close High quality emerging market debt, investment grade corporates and municipals Close Secured loans and AAA asset-backed securities Close Agency mortgage-backed securities, Treasury Inflation-Protected Securities (TIPS), swaps and Treasury futures Close Intermediate- and long-term Treasuries Close Ultra short- and short-term bonds Close Cash Close Tooltip: Ring #1 Agency mortgage-backed securities Close 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 Jump to next section Advisor Resources Share Strategies Designed for Today's Markets With Your Clients DOWNLOAD NOW Educate Your Clients About All Things Bonds With Our Popular Booklet EXPLORE BONDS Access Resources to Help Guide Your Clients Through Challenging Times EDUCATIONAL RESOURCES Filters: Filters: Reset All Filters XClose Filters Dropdown Topic/Tag Tags Reset Close Download ({{cCtrl.itemsToDownload.length}}) Empty Remove {{selOpt}} Filter () filters applied Related Thought Leadership Section : Date : Experts : Remove Filter Reset All January 2021January '21 Save Chart Download https://www.pimco.com/en-us/88bp84mv1209 Copy Link Share In Depth Capital-Efficient Strategies: Tackling the Challenges of Low Prospective Returns Capital-Efficient Strategies: Tackling the Challenges of Low Prospective Returns November 2020November '20 Save Chart Download https://www.pimco.com/en-us/7xd4thn9p3jb Copy Link Share Featured Solutions Implementation Matters: A Review of the Performance of Alternative Risk Premia Strategies in 2020 Implementation Matters: A Review of the Performance of Alternative Risk Premia Strategies in 2020 November 2020November '20 Save Chart
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In Depth Capital-Efficient Strategies: Tackling the Challenges of Low Prospective Returns Capital-Efficient Strategies: Tackling the Challenges of Low Prospective Returns
Featured Solutions Implementation Matters: A Review of the Performance of Alternative Risk Premia Strategies in 2020 Implementation Matters: A Review of the Performance of Alternative Risk Premia Strategies in 2020