PIMCO Foreign Bond Fund (U.S. Dollar-Hedged) A (PFOAX)

All data as of 04/30/13, unless otherwise indicated.
Objective
Seeks maximum total return, consistent with preservation of capital and prudent investment management
Primary Portfolio
Intermediate maturity hedged non-U.S. fixed-income instruments
At a Glance
SymbolPFOAX
CUSIP Number 693391245
Total Fund Assets (in millions) $5,989.1
Share Class Inception Date 01/20/1997
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge 3.75%
Net Operating Expenses 0.9 %
Total Annual Operating Expenses 0.9 %

Daily Price
NAV Day Return
$10.82 -$0.03 -0.27%
YTD Return
0.95%
As of 05/20/13

Historical Prices

05/15/13

$10.82

05/16/13

$10.84

05/17/13

$10.85
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 focus on high quality bonds outside the U.S.

Actively managed to maximize total return potential and minimize volatility relative to its market benchmark, PIMCO Foreign Bond Fund (U.S. Dollar-Hedged) offers investors access to intermediate-term fixed income securities primarily from investment grade issuers in developed countries.


Why Invest In This Fund
A global opportunity set

Over half of the world’s fixed income securities are issued outside of the U.S. The fund strives to capture returns in this global bond market universe. Diversifying investments internationally not only helps to mitigate volatility, but may also effectively hedge against risks in other asset classes, such as equities. Of course, diversification does not guarantee a profit or protect against loss.


A high quality focus

Guided by PIMCO’s global perspective and on-the-ground insights into country fundamentals, PIMCO Foreign Bond Fund (U.S. Dollar-Hedged) invests in a range of primarily investment grade bonds, hedging at least 80% of all foreign currency exposure to protect against unfavorable currency movements.


A time-tested investment process

PIMCO’s team of investment professionals has estimable global experience navigating complex foreign sovereign debt markets. Supported by a deep global presence, the fund capitalizes on PIMCO’s thought-leadership and time-tested investment process, which guide portfolio construction via our top-down macroeconomic outlook and a rigorous bottom-up credit analysis.

View All Fund Literature

Managers

Scott A. Mather

Mr. Mather is a managing director in the Newport Beach office and head of global portfolio management. Previously, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He has 18 years of investment experience and holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.

*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 non-U.S. securities, a portion of assets in high-yield securities, and may at times invest in mortgage related securities. 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. 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. Mortgage-backed securities are subject to prepayment risk and may be sensitive to changes in prevailing interest rates. When interest rates rise, the value of fixed income securities generally declines. 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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