Strategies

Unconstrained Tax Managed Bond Strategy

What is Unconstrained Tax Managed Bond Strategy?
The PIMCO Unconstrained Tax Managed Bond Strategy is an absolute return–oriented, fixed income strategy that embodies PIMCO’s secular thinking, global themes, and integrated investment process without the constraints of a benchmark or significant sector/instrument limitations. The strategy represents the full expression of PIMCO’s investment expertise in a tax-efficient portfolio.

The strategy is designed to offer the traditional benefits of a core bond approach – capital preservation, liquidity and diversification – but with higher alpha potential and the opportunity to mitigate downside risk to a greater degree than what is reasonably possible from traditional active fixed income management approaches.

The Unconstrained Tax Managed Bond Strategy Provides Investors with the Opportunity for:

  • Attractive after-tax risk-adjusted return
  • High current income and capital preservation
  • Material diversification benefits

PIMCO's Experience

Investment Philosophy and Process

Applications for the PIMCO Unconstrained Tax Managed Bond Strategy

How is PIMCO Unconstrained Tax Managed Bond Strategy Different From PIMCO Total Return?

Reasons for Investing in this Strategy

How To Invest

Related Strategies

Municipals

Fixed Income

Disclosures

Past performance is not a guarantee or a reliable indicator of future results. All investments contain risk and may lose value. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. PIMCO strategies utilize derivatives which 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. The credit quality of a particular security or group of securities does not ensure the stability or safety of the overall portfolio. There is no guarantee that this investment strategy will work under all market conditions and each investor should evaluate their ability to invest for a long-term especially during periods of downturn in the market. Diversification does not ensure against loss. Please consult your tax and/or legal counsel for specific tax questions and concerns.

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.