Click here for performance updated to the most recent calendar quarter
Performance data above is after fees for the Institutional Class Shares.
PIMCO Total Return Fund Institutional share performance after fees versus the Barclays U.S. Aggregate Index and Morningstar Intermediate-Term Bond Average as of 12/31/14: 3-month performance of 1.32% vs. 1.79% and 1.10%, 1-year performance of 4.69% vs. 5.97% and 5.10%, 5-year performance of 5.14% vs. 4.45% and 4.76%, 10-year performance of 5.99% vs. 4.71% and 4.19%. Inception Date: 05/11/1987.Total Expense ratio 0.46%
Performance quoted represents past performance. Past performance 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 performance shown. For performance current to the most recent month-end, visit www.PIMCO.com/investments or call (888) 87-PIMCO.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative or by visiting www.pimco.com/investments. Please read them carefully before you invest or send money.
Net Assets information is based on net asset value accounting. As such, shareholder purchases and redemptions placed on a particular business day are not reflected in the net assets reported as of such business day and will instead generally be included in the net assets on the following business day. Estimated Monthly Net Cash Flows include shareholder purchase and redemption orders but exclude most cash dividends and dividend reinvestment. Unlike Net Assets information, which is based on net asset value accounting, Estimated Monthly Net Cash Flows are based on the business day when shareholder purchase and redemption orders are received. This information is unaudited and may be revised at a later date.
A word about risk : All investments contain risk and may lose value. Investors should refer to the Fund's prospectus for a complete detail of the applicable risks.
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. Morningstar Intermediate-term Bond Fund Average has average durations that are greater than 3.5 years and less than six years. Most of the funds rotate among a variety of sectors in the bond market, based upon which appear to offer better values. Whatever types of bonds they hold, these funds are less sensitive to interest rates, and therefore less volatile, than funds that have longer durations. Data estimated by Morningstar as of 12/31/2014 for the intermediate-term bond category. It is not possible to invest directly in an index.
The performance figures presented reflect the total return performance and reflect changes in share price and reinvestment of dividend and capital gain distributions. All periods longer than one year are annualized. The minimum initial investment for the Institutional class shares is $1 million; however, it may be modified for certain financial intermediaries who submit trades on behalf of eligible investors.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
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. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2014 PIMCO.
PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a company of PIMCO.