PIMCO Emerging Markets Currency Fund INSTL (PLMIX)

All data as of 04/30/13, unless otherwise indicated.
PIMCO
Objective
Seeks maximum total return, consistent with preservation of capital and prudent investment management
Primary Portfolio
Currencies or fixed income securities denominated in currencies of non-U.S. countries (0-2 yr. avg. duration)
At a Glance
SymbolPLMIX
CUSIP Number 72201F409
Total Fund Assets (in millions) $6,950.5
Share Class Inception Date 05/31/2005
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 0.85 %
Total Annual Operating Expenses 0.85 %

Daily Price
NAV Day Return
$10.50 -$0.02 -0.17%
YTD Return
0.26%
As of 05/24/13

Historical Prices

05/21/13

$10.57

05/22/13

$10.52

05/23/13

$10.52
Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did. Click Performance tab for performance current to the most recent month-end.
Fund Overview
An actively managed portfolio of emerging markets currencies

Emerging markets are poised to be the growth engine of the global economy over the coming years. By investing primarily in the currencies of a broad range of emerging markets exhibiting improving economic and financial fundamentals, the fund helps investors tap into their attractive growth potential.


Why Invest In This Fund
Attractive risk-adjusted return potential from emerging markets (EM) currencies

The fund invests primarily in EM currencies, enabling it to take advantage of these countries’ strengthening economies and fiscal reforms. Given the secular outlook for a weaker U.S. dollar, it may be beneficial to invest in select EM currencies which have been steadily appreciating.


Helps diversify your overall portfolio

EM currencies tend to have low correlations with other asset classes, such as U.S. bonds, and may help enhance overall portfolio diversification. Although this diversification can greatly benefit investors by reducing risk, it does not guarantee a profit or necessarily protect against a loss.


Extensive emerging markets experience

PIMCO’s emerging markets team averages 12 years of experience in investing and EM economic policy, spanning a diverse range of market environments. The team is strategically located around the world in order to identify opportunities in a wide range of local markets and respond quickly to changing conditions in emerging economies.

View All Fund Literature

Managers

Michael A. Gomez

Mr. Gomez is a managing director in the Newport Beach office, a portfolio manager and co-head of the emerging markets portfolio management team. Prior to joining PIMCO in 2003, he was responsible for market making and proprietary trading of emerging market bonds at Goldman Sachs. Prior to that, he spent a year in Colombia serving as a financial consultant to the Ministry of Finance and Public Credit. Mr. Gomez was named one of the rising stars of mutual funds by Institutional Investor News (2009). He is chairman of the oversight committee for the Markit GEMX emerging markets indices and also serves on other committees pertaining to emerging markets. He has 18 years of investment experience and holds an MBA from the Wharton School of the University of Pennsylvania, where he also received his undergraduate degree.
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 financial advisor or PIMCO representative.  Click here for a complete list of the PIMCO Funds prospectuses and summary prospectuses. Please read them carefully before you invest or send money.

A word about risk:
The PIMCO Emerging Markets Currency Fund will invest its assets in currencies of, or in Fixed Income Instruments denominated in the currencies of, developing and emerging market countries. The Fund will likely concentrate its investments in Asia, Africa, the Middle East, Latin America and the developing countries of Europe. Currency rates in foreign countries may fluctuate significantly over short periods of time. As a result, the Fund’s investments in foreign currency-denominated securities may reduce the returns of the Fund.  Investing in non-U.S. securities may entail risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. The Fund is subject to interest rate risk; when interest rates rise, bond prices generally fall. The Fund may use derivative instruments for hedging purposes, to gain exposure to foreign currencies or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in these instruments. The Fund may invest all of its assets in high yield securities which generally involve a greater risk to principal than higher rated bonds, including greater price volatility and default risk. The Fund is non-diversified, which means that it may concentrate its assets in a smaller number of issuers than a diversified Fund.

Annual Report of Proxy Voting Records, Form N-PX »
Quarterly Schedule of Portfolio Holdings, Form N-Q »

Past performance is not a guarantee or a reliable indicator of future results. For funds with at least a 3-yr history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees) with an emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating is a weighted average of the performance figures for its 3-, 5- and 10-yr (if applicable) Morningstar Rating metrics. Morningstar, Inc.® 2011. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Hollow stars represent a class of shares with inception dates that is different than the inception date of the fund. For the period prior to the inception date of these shares, performance information is based on the performance of the fund’s Institutional Class shares, adjusted to reflect the actual distribution and/or service (12b-1) fees and other expenses paid by the newer share class.


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