PIMCO Global Bond Fund (Unhedged) INSTL (PIGLX)

All data as of 05/31/13, unless otherwise indicated.
PIMCO
Objective
Seeks maximum total return, consistent with preservation of capital and prudent investment management
Primary Portfolio
Intermediate maturity U.S. and unhedged foreign fixed income securities
At a Glance
SymbolPIGLX
CUSIP Number 693390874
Total Fund Assets (in millions) $1,020.9
Share Class Inception Date 11/23/1993
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 0.55 %
Total Annual Operating Expenses 0.55 %

Daily Price
NAV Day Return
$9.57 -$0.05 -0.51%
YTD Return
-3.52%
As of 06/18/13

Historical Prices

06/13/13

$9.58

06/14/13

$9.62

06/17/13

$9.62
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
A focus on return diversification and preservation of capital

Actively managed to maximize total return potential, while minimizing volatility, PIMCO Global Bond Fund (Unhedged) offers investors access to foreign currency-denominated, intermediate-duration fixed income securities, primarily from investment-grade issuers in developed countries.


Why Invest In This Fund
A global opportunity set

Broadly diversified, the fund strives to capture attractive risk-adjusted returns in the global currency and bond markets. Diversifying investments internationally not only helps to preserve purchasing power, but may also help to mitigate volatility and provide an effective 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, the fund invests in a range of primarily investment grade issues, offering individual investors efficient exposure to global bond markets.


A time-tested investment process

PIMCO’s team of investment professionals has estimable global experience navigating complex foreign sovereign debt and local currency markets. Supported by a deep international 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.

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:
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. 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. 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. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. 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. The Fund is non-diversified, which means that it may invest 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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