Press Release

PIMCO Statement Regarding September Total Return Net Flows

 

​October 1, 2014 (Newport Beach, CA):  September monthly net flows for the Total Return Fund were estimated to be -$23.5bn. Of note, the largest daily outflow occurred on the day of Bill Gross’s resignation from the firm, while outflows on the two following days were considerably smaller.

The core fixed income market in which the Total Return Fund invests is one of the largest and most liquid markets in the world, trading on average $700bn of securities a day. Moreover, the fund is well positioned to meet potential redemptions. Short-term cash management is an area of expertise and strength at PIMCO.

Investors have shown confidence in PIMCO as evidenced by significant inflows into strategies such as the PIMCO Income Fund, which has seen over $6.5bn of net inflows year to date in 2014. Diversified and alternative fixed income strategies now account for more than two-thirds of PIMCO’s assets under management. As we engage our clients around the world, we are confident that the vast majority of them will continue to stand with PIMCO as we demonstrate why we have earned the reputation as one of the world’s premier investment managers.

*Consistent with industry standards and as a matter of policy PIMCO does not disclose daily flow data.

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.

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.

The Estimated Monthly Net Cash Flows include net purchases and redemptions received (but not necessarily settled) as well as certain cash dividends paid to shareholders during September 2014. The Estimated Monthly Net Cash Flows may differ from actual flows through September 30, 2014, which will not be definitive until all trades have settled, and this information may be revised at a later date. 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.

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. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. 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.