Your Global Investment Authority. PIMCO Total Return: Your Portfolio Anchor.
Through All Market Environments. Investors can access PIMCO's time-tested ...
PIMCO Total Return: Your Portfolio Anchor Through All Market Environments Your Global Investment Authority Investors can access PIMCO’s time-tested investment process and the active management expertise of Bill Gross and the Total Return team through a number of portfolios. The chart below highlights the characteristics and parameters of each.
Macro Duration vs. benchmark Max sector guidelines High yield Developed non-U.S. Emerging markets Currency exposure Derivatives
Total Return
Total Return II
Total Return III1
Total Return IV
Total Return ETF (BOND)
+/– 2 years
+/– 2 years
+/– 2 years
+/– 1.5 years
+/– 2 years
10% 30% 15% 20%
0% 0% 0% 0%
10% 30% 15% 20%
0% 15% 10% 5%
10% 30% 15% 20%
Forwards allowed
Allowed
No limit on derivatives
No limit on derivatives
No limit on derivatives
F utures (no limit, money market futures allowed) Forwards (no limit) Interest rate swaps (max 10%) Credit default swaps (max 5%)
Prohibited
–
–
–
Options and swaptions
Futures, options and swaps
At least 65% invested in fixed income securities No common / up to 10% preferred, convertible and other equityrelated securities No
At least 65% invested in fixed income securities No common / up to 10% preferred, convertible and other equityrelated securities No
At least 65% invested in fixed income securities No common / up to 10% preferred, convertible and other equityrelated securities Yes
At least 80% invested in fixed income securities No common / up to 10% preferred, convertible and other equityrelated securities No
At least 65% invested in fixed income securities No common / up to 10% preferred, convertible and other equityrelated securities No
A, C, D, P, R, Inst., Admin. 0.85% 1.60% 0.75% 0.56% 1.10% 0.71% 0.46%
Inst., Admin. and P – – – 0.60% – 0.75% 0.50%
Inst., Admin. and P – – – 0.60% – 0.75% 0.50%
A, P, Inst. 0.85% – – 0.60% – – 0.50%
Single share class
Other Minimum in fixed income Equity-related Socially responsible investing screen Fees Share classes available A share2 C share D share P share R share Administrative Institutional 1 2
0.59/0.55%
This fund invests in the securities of issuers determined by the fund’s advisor (PIMCO LLC) to be socially conscious companies. Please refer to the prospectus or summary prospectus for details on the fund’s investment guidelines. 3.75% maximum sales charge
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information is contained in each fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor or PIMCO representative or by visiting pimco.com/investments or pimcoetfs.com. Please read them carefully before you invest or send money. Effective April 4, 2012, PIMCO changed the ticker for the Total Return ETF from TRXT to BOND. No action is required for current investors in the Fund. While BOND is managed utilizing PIMCO’s Total Return strategy, it does not use options, futures or swaps. A word about risk: Investing in the bond market is subject to certain risks including market, interest rate, issuer, credit and inflation risk; investments may be worth more or less than the original cost when redeemed. 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. Mortgage- and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. 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. There is no assurance when investing in short sales that the security necessary to cover a short position will be available. Derivatives 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. Diversification does not ensure against loss. Exchange Traded Funds (ETFs) are afforded certain exemptions from the Investment Company Act. The exemptions allow, among other things, for individual shares to trade on the secondary market. Individual shares cannot be directly purchased from or redeemed by the ETFs. Purchases and redemptions directly with ETFs are only accomplished through creation unit aggregations or “baskets” of shares. Shares of an ETF are bought and sold at market price (not NAV). Brokerage commissions will reduce returns. Investment policies, management fees and other information can be found in the individual ETF’s prospectus. Different fund types (e.g. ETFs, open-ended investment companies) and fund share classes are subject to different fees and expenses (which may affect performance). They may also have different minimum investment requirements and be entitled to different services. The minimum initial investment for Institutional, P, and Administrative class shares is $1 million; however, it may be modified for certain financial intermediaries who submit trades on behalf of eligible investors. 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. ©2013, PIMCO PIMCO advised funds are distributed by PIMCO Investments LLC.
PPC-BOND/TR_33338
