PIMCO Emerging Markets Bond Fund A (PAEMX)

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
Fixed income instruments issued in emerging market countries (0-8 yr. avg. duration)
At a Glance
SymbolPAEMX
CUSIP Number 693391575
Total Fund Assets (in millions) $7,783.6
Share Class Inception Date 07/31/1997
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge 3.75%
Net Operating Expenses 1.25 %
Total Annual Operating Expenses 1.25 %

Daily Price
NAV Day Return
$12.28 -$0.02 -0.15%
YTD Return
-0.06%
As of 05/21/13

Historical Prices

05/16/13

$12.34

05/17/13

$12.34

05/20/13

$12.30
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.
Breakpoints
Sales Range (USD)Fee %
Under $100,000 3.75%
$100,000 but under $250,000 3.25%
$250,000 but under $500,000 2.25%
$500,000 but under $1 million 1.75%
$1 million but under $2,000,001 0.00%*
$2,000,001+ 0.00%*
Fund Overview
A conservative approach to emerging markets

PIMCO Emerging Markets Bond Fund offers exposure to fast-growing emerging markets economies through a portfolio invested in U.S. dollar-denominated debt securities issued by emerging markets countries. Compared to more developed countries, bonds issued in emerging markets countries may offer attractive return potential – higher yields and strong capital appreciation.


Why Invest In This Fund
Tempering risk with diversification

Historically, bond markets in different countries have tended to move in varying patterns. A globally diversified portfolio of bonds can help to mitigate the volatility that could occur if you invested only in the U.S. or any other single country. Of course, diversification does not guarantee a profit or protect against loss.


Conservative approach to emerging markets

Investing in emerging markets bonds can entail different risks, including adverse foreign economic and political developments. To help temper these risks, the countries considered for the fund’s portfolio undergo extensive analysis. In addition, the fund focuses primarily on intermediate-term U.S. dollar-dominated emerging markets securities of countries with strong economic fundamentals.


Extensive emerging markets experience

PIMCO’s emerging markets team averages 12 years of experience in investing and with 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.

Ramin Toloui

Mr. Toloui is an executive vice president in the Singapore office and global co-head of emerging markets portfolio management. Prior to joining PIMCO in 2006, Mr. Toloui spent seven years in the international division of the U.S. Department of Treasury, including as the director of the Office of the Western Hemisphere, managing a team of economists and advising senior U.S. government officials on financial policies in Latin America. He previously served as senior advisor to the Under Secretary for International Affairs during the crises in Brazil, Uruguay and Turkey in 2001-2003. He has 14 years of international finance experience and holds an undergraduate degree from Harvard University and a master's degree in international relations from Oxford University, where he was a Rhodes Scholar.

*A CDSC may apply for shares redeemed within 18 months of purchase.
 
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: This Fund may invest its assets in issuers that are economically tied to emerging market countries. Investing in non-U.S. securities may entail greater risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. The Fund may also invest its assets in high-yield securities. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. This Fund may use derivative instruments for hedging purposes 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 those instruments. This 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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