Press Release

PIMCO Launches PIMCO Balanced Income Fund

New fund broadens PIMCO’s suite of income solutions for clients

 

NEWPORT BEACH, CALIFORNIA (April 1, 2014) - PIMCO, a leading global investment management firm, has launched the PIMCO Balanced Income Fund, designed to provide a high and consistent level of income by investing across a wide range of equity and fixed income securities. Deputy Chief Investment Officer Dan Ivascyn will co-manage the fund along with Managing Director and portfolio manager Alfred Murata, and Executive Vice-President and equity portfolio manager Brad Kinkelaar.

The fund’s balanced strategy combines higher capital appreciation and dividend-paying potential of equities with the attractive income potential of fixed income. The PIMCO Balanced Income Fund joins a suite of income-focused offerings managed by members of the team intended for investors who want a steady income stream and competitive returns in a volatile investing environment: PIMCO’s Income Fund, Dividend and Income Builder Fund, and EqS Dividend Fund. Ivascyn and Murata, who manage the PIMCO Income Fund, recently won Morningstar’s Fixed Income Managers of the Year.

The managers will use a time-tested process of bottom-up security selection combined with a global macroeconomic view to allocate assets equally across equity and fixed income securities.

"The fund’s mixed-asset and sector approach gives it the flexibility to adapt to changing economic conditions, making it a viable choice for a long-term income allocation," says Ivascyn. "We believe the Balanced Income Fund will be attractive to individuals and institutions that are looking for strategies that have the potential to deliver high and consistent income streams and attractive total returns."

Institutional shares of the PIMCO Balanced Income Fund trade under the ticker symbol PBITX. Additional shares include "P" shares (PBIEX), "A" shares (PBIAX), "D" shares (PBIDX) and "C" shares (PBICX).


About PIMCO

PIMCO is a leading global investment management firm, with offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Media Contacts

Michael Reid
Global Head of Corporate Communications – New York
212.739.3253
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications – New York
212.739.4212
agnes.crane@pimco.com

Jennifer Spivey
U.S. Corporate Communications – Newport Beach
949.720.6374
jennifer.spivey@pimco.com

Jochen Haegele
EMEA Corporate Communications – Munich
+49.89.26209.6237
jochen.haegele@pimco.com

Laura Batty
U.K. and EMEA Corporate Communications – London
+44.20.3640.1414
laura.batty@pimco.com

Millie Dravers
Australia Corporate Communications – Sydney
+612.9290.9577
millie.dravers@pimco.com

Donna Chan
Asia ex-Japan Corporate Communications – Hong Kong
+852 3650 7752
donna.chan@pimco.com

Disclosures

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.

The Morningstar Fixed-Income Fund Manager of the Year award is based on the strength of the manager, performance, strategy, and firm’s stewardship.

Morningstar Awards 2013©. Morningstar, Inc. All Rights Reserved. Awarded to Dan Ivascyn and Alfred Murata (PIMCO Income) for U.S. Fixed-Income Fund Manager of the Year

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.