PIMCO Investment Grade Corporate Bond Fund A (PBDAX)

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
Corporate fixed income securities (3-7 years avg. duration)
At a Glance
SymbolPBDAX
CUSIP Number 722008307
Total Fund Assets (in millions) $11,295.9
Share Class Inception Date 07/30/2004
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
$11.24 -$0.04 -0.33%
YTD Return
2.48%
As of 05/17/13

Historical Prices

05/14/13

$11.23

05/15/13

$11.24

05/16/13

$11.28
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
Seeking attractive returns from high quality corporate bonds

Combining PIMCO’s forward-looking macroeconomic outlook with our extensive bottom-up credit research, PIMCO Investment Grade Corporate Bond Fund is a way to take advantage of opportunities in higher-quality corporate bonds.


Why Invest In This Fund
Attractive total return potential

The fund is positioned to provide investors with greater income potential relative to Treasuries and broader equity indexes and also has the potential for equity-like returns with less volatility. In addition, the underlying fundamentals – solid balance sheets, especially for multinational companies – and technical outlook for corporate bonds is strong and supportive for returns.


Flexibility to enhance returns

The fund has the ability to broadly diversify across industries, issuers and regions of the corporate bond sector and can also add value through investments in high quality U.S. government bonds, mortgages and foreign bonds. Of course, fund shares will fluctuate in value in response to changes in interest rates.


Intensive credit research

Employing a disciplined approach to credit research, the fund accesses PIMCO’s team of 73 bottom-up credit investment professionals and utilizes top-down, bottom-up and valuation screens to identify the most attractive opportunities in global credit markets. Mark Kiesel, the fund manager, is a longtime investment manager who heads the investment grade corporate desk.

View All Fund Literature

Managers

Mark R. Kiesel

Mr. Kiesel is a managing director in the Newport Beach office, a generalist portfolio manager, global head of the corporate bond portfolio management group and a senior member of the investment strategy and portfolio management group. Morningstar named him Fixed Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the financial media. He joined PIMCO in 1996 and previously served as PIMCO's head of equity derivatives and as a senior credit analyst. He has 20 years of investment experience and holds an MBA from the University of Chicago's Graduate School of Business. He received his undergraduate degree from the University of Michigan.

*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 will normally invest its assets in a diversified portfolio of investment grade corporate fixed income securities of varying maturities. The Fund may invest its assets in non-U.S. securities, which may entail greater risk due to foreign economic and political developments, and a portion of its total assets in high yield securities. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. The Fund will normally hedge a majority of its exposure to foreign currency to reduce the risk of loss due to fluctuations in currency exchange rates. The Fund may invest all of its assets in 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 these instruments.
 
The Morningstar Fixed-Income Fund Manager of the Year award is based on the strength of the manager, performance, strategy, and firm’s stewardship.

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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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