PIMCO Money Market Fund A (PYAXX)

All data as of 04/30/13, unless otherwise indicated.
Money Market funds are not insured or guaranteed by FDIC or any other government agency and although such funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in Money Market funds.  If there is a material difference between the quoted total return and the quoted current yield, the yield quotation more closely reflects the current earnings of the portfolio than the total return quotation. Yields computed by SEC-prescribed calculations and are subject to change.

PIMCO
Objective
Seeks maximum current income, consistent with preservation of capital and daily liquidity
Primary Portfolio
Money market instruments
At a Glance
SymbolPYAXX
CUSIP Number 693391153
Total Fund Assets (in millions) $607.5
Share Class Inception Date 01/13/1997
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 0.57 %
Total Annual Operating Expenses 0.57 %

Daily Price
NAV Day Return
$1.00 $0.000.00%
YTD Return
0.01%
As of 05/23/13

Historical Prices

05/20/13

$1.00

05/21/13

$1.00

05/22/13

$1.00
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
Portfolio Construction

Quality Portfolio

The Fund may invest at least 95% of its total assets in a diversified portfolio of money market securities that are in the highest rating category for short-term obligations.


Why Invest In This Fund
Experienced Management

The fund’s portfolio manager, Jerome Schneider, began his investment career in 1996. He is responsible for supervising all of PIMCO’s short-term investment strategies.


For Short-Term Investment

Stock and bond funds should, in general, be viewed as long-term investments. So where can you invest the money you might need in three to six months, if not sooner? Most financial advisors recommend putting aside a minimum of three months of living expenses in a short-term, liquid investment, such as a money market fund.


Alternative to Savings Account and CDs

Money market funds strive to provide many of the same benefits as savings accounts and CDs. But with the assumption of slightly more risk, they attempt to provide a higher yield. Money market funds generally seek to offer:

  • Current income
  • Liquidity
  • Price stability

Of course, unlike CDs and bank savings accounts, money market fund shares are not guaranteed as to repayment of principal and interest, and they do not offer a fixed rate of return.


An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

View All Fund Literature

Managers

Jerome M. Schneider

Mr. Schneider is a managing director in the Newport Beach office and head of the short-term and funding desk. Prior to joining PIMCO in 2008, Mr. Schneider was a senior managing director with Bear Stearns. There he most recently specialized in credit and mortgage-related funding transactions and helped develop one of the first "repo" conduit financing companies. Additionally, during his tenure at Bear Stearns he held various positions on the municipal and fixed income derivatives trading desks. He has 17 years of investment experience and holds an undergraduate degree in economics and international relations from the University of Pennsylvania and an MBA from the Stern School of Business at New York University.

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.

Annual Report of Proxy Voting Records, Form N-PX »
Quarterly Schedule of Portfolio Holdings, Form N-Q »

A word about risk:
Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Certain U.S. Government securities are backed by the full faith of the government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks.

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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PIMCO