PIMCO Long-Term U.S. Government Fund A (PFGAX)

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
Long-term U.S. government bonds (average portfolio duration of 8 or more years)
At a Glance
SymbolPFGAX
CUSIP Number 693391187
Total Fund Assets (in millions) $2,115.5
Share Class Inception Date 01/20/1997
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge 3.75%
Net Operating Expenses 0.825 %
Total Annual Operating Expenses 0.835 %

Daily Price
NAV Day Return
$10.61 -$0.14 -1.30%
YTD Return
-3.17%
As of 05/22/13

Historical Prices

05/17/13

$10.70

05/20/13

$10.68

05/21/13

$10.75
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 high quality bond holding for long-term investors

This fund concentrates on long-term U.S. government securities, giving it a high average credit quality and attractive performance potential compared to shorter-term bonds. Because this strategy entails greater sensitivity to changing interest rates, it may be used as a core holding for risk-tolerant investors or to help position a portfolio for expected interest rate trends.


Why Invest In This Fund
A high credit quality investment

U.S. government securities offer income and capital appreciation potential with low credit risk, since it is considered highly unlikely that the U.S. would default on its obligations. Note that while the fund invests at least 80% of its assets in U.S. government securities, its shares are not government-guaranteed and they will fluctuate in value.


Distinctive total return approach

Many U.S. government funds focus solely on providing current income. But focusing on income alone can mean sacrificing opportunities to protect and grow capital. This fund pursues maximum total return – both income and capital appreciation – using the same time-tested investment process and philosophy that PIMCO applies across all of its investment portfolios.


Expert portfolio management

The fund is managed by Stephen Rodosky, lead portfolio manager for long-duration strategies and a government securities expert. Consistent with PIMCO’s philosophy, it employs numerous strategies to increase total return potential and manage risk. These include duration and yield curve management, which are especially important to long-duration portfolios.

View All Fund Literature

Managers

Steve A. Rodosky

Mr. Rodosky is a managing director in the Newport Beach office and a portfolio manager covering Treasury bonds, agencies and futures. He is the lead portfolio manager for long duration strategies. Prior to joining PIMCO in 2001, Mr. Rodosky was vice president of institutional sales with Merrill Lynch. He has 18 years of investment experience and holds a master's degree in financial markets from Illinois Institute of Technology. He received an undergraduate degree from Villanova University.

*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: The Fund may invest its assets in securities that are issued or guaranteed by the U.S. Government or its agencies; this guarantee is to timely repayment of principal and interest if held to maturity. Guarantee does not eliminate market risk. The Fund's shares, yield and net asset value are not guaranteed by the U.S. Government. The Fund may also at times invest in mortgage-related securities. 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.
 
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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