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Address And Details

840 Newport Center Dr., Ste. 100 , Newport Beach, CA 92660
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund s primary investment objective is to maximize current income. Long-term capital appreciation is a secondary objective. The Fund seeks to achieve its investment objectives by investing under normal circumstances at least 65% of its total assets in a multi-sector portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Fixed Income Instruments include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The Fund will seek to maintain a high and consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. The capital appreciation sought by the Fund generally arises from decreases in interest rates or improving credit fundamentals for a particular sector or security. The Fund will generally allocate its assets among several investment sectors, without limitation, which may include: (i) high yield securities ( junk bonds ) and investment grade corporate bonds of issuers located in the United States and non-U.S. countries, including emerging market countries; (ii) fixed income securities issued by U.S. and non-U.S. governments (including emerging market governments), their agencies and instrumentalities; (iii) mortgage-related and other asset backed securities; and (iv) foreign currencies, including those of emerging market countries. However, the Fund is not required to gain exposure to any one investment sector, and the Fund s exposure to any one investment sector will vary over time. The average portfolio duration of this Fund normally varies from zero to eight years based on Pacific Investment Management Company LLC s ( PIMCO ) market forecasts. Duration is a measure used to determine the sensitivity of a security s price to changes in interest rates. The longer a security s duration, the more sensitive it will be to changes in interest rates. The Fund may invest up to 50% of its total assets in high yield securities rated below investment grade by Moody s Investors Service, Inc. ( Moody s ), Standard & Poor s Ratings Services ( S&P ) or Fitch, Inc. ( Fitch ), or if unrated, as determined by PIMCO (except such 50% limitation shall not apply to the Fund s investments in mortgage- and asset-backed securities). In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. In addition, the Fund may invest, without limitation, in securities denominated in foreign currencies. The Fund may invest up to 20% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest in such instruments without limitation subject to any applicable legal or regulatory limitation). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 10% of its total assets. The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund s prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The Fund may also invest in contingent convertible securities and up to 10% of its total assets in preferred securities.

Net Asset Value

as of 6:25 PM ET 01/25/2022


  • 1 Week
  • -0.17%
  • 1 Month
  • -1.17%
  • 3 Months
  • -1.92%
  • 1 Yr Return
  • -2.73%
  • 5 Yr Return
  • -2.40%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 105.41%
Preferred 1.58%
Cash 1.16%
Stocks 0.84%
Convertible 0.07%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -9.07%
Total Net Assets 424.58 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.86 2.64 4.89
Beta 0.37 0.39 0.44
R Squared 0.04 0.07 0.09
Std Deviation 5.74 4.56 4.23
Sharpe Ratio 0.76 0.80 n/a

Purchase Information

as of 5:59 PM ET 01/24/2022
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +2.35%
  • +2.35%
+2.35% +2.35%
3 Year
  • +5.20%
  • +5.20%
+5.20% +5.20%
10 Year
  • +6.72%
  • +6.72%
+6.72% +6.72%
Life Of Fund
  • +7.44%
  • +7.44%
+7.44% +7.44%

Top 10 Holdings

Symbol Company Name % Of Assets

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