PIMCO RealRetirement Income and Distribution Fund A (PTNAX)

All data as of 04/30/13, unless otherwise indicated.
PIMCO
Objective
Seeks maximum real return, consistent with preservation of real capital and current income during the retirement years
Primary Portfolio
Access to 50 PIMCO-managed mutual funds
At a Glance
SymbolPTNAX
CUSIP Number 72201F243
Total Fund Assets (in millions) $62.4
Share Class Inception Date 03/31/2008
Dividend Frequency Quarterly
Maximum Sales Charge 5.50%
Net Operating Expenses 1.25 %
Total Annual Operating Expenses 1.69 %

Daily Price
NAV Day Return
$8.88 -$0.02 -0.22%
YTD Return
1.72%
As of 05/23/13

Historical Prices

05/20/13

$8.94

05/21/13

$8.95

05/22/13

$8.90
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 $50,000 5.50%
$50,000 but under $100,000 4.50%
$100,000 but under $250,000 3.50%
$250,000 but under $500,000 2.50%
$500,000 but under $1 million 2.00%
$1 million but under $2,000,001 0.00%*
$2,000,001 but under $5,000,001 0.00%*
$5,000,001+ 0.00%*
Fund Overview
Fortify purchasing power for retirement

A suite of target-date funds created specifically with retirees’ future sustainable spending needs in mind, PIMCO RealRetirement Funds offer the potential to preserve and enhance purchasing power over time, by emphasizing real, or inflation-adjusted, returns and by aiming to generate more reliable results across different market cycles.


Why Invest In This Fund
Build purchasing power

Whether upward movements in consumer prices are slow and steady, or they spike suddenly, inflation is a major threat to long-term savings, eroding the purchasing power needed for one’s retirement. The fund seeks to defend investors against the impact of inflation during their retirement years.


Manage risk over time

Unlike target-date funds with high equity concentrations that may expose investors to unacceptable levels of risk, PIMCO’s glide path, or allocation strategy, is designed to target risk exposures that do not exceed an investor’s capacity for loss. Since this fund is designed for those who have reached their retirement or target date, its exposure to equities and other high risk/return assets have been significantly reduced.


Guard against market shocks

Major market shocks, or “tail risk events,” may cause asset class values to drop broadly. For a person close to, or in, retirement, this type of dramatic setback can devastate career-long savings. To help protect against market shocks, the fund employs investment tools or strategies designed to offset risks to the portfolio, should those events occur.

Related Materials

Fund Brochure
Fund Card
View All Fund Literature

Managers

Vineer Bhansali

Dr. Bhansali is a managing director and portfolio manager in the Newport Beach office. He currently oversees PIMCO's quantitative investment portfolios. From 2000, he also headed PIMCO's firmwide analytics department. Prior to joining PIMCO in 2000, he was a proprietary trader in the fixed-income trading group at Credit Suisse First Boston and in the fixed income arbitrage group at Salomon Brothers in New York. Previously, he was head of the exotic and hybrid options trading desk at Citibank in New York. He is the author of numerous scientific and financial papers and of the books "Bond Portfolio Investing and Risk Management," "Pricing and Managing Exotic and Hybrid Options," and "Fixed Income Finance: A Quantitative Approach." He currently serves as an associate editor for the International Journal of Theoretical and Applied Finance. He has 22 years of investment experience and holds a Ph.D. in theoretical particle physics from Harvard University. He has a master's degree in physics and an undergraduate degree from the California Institute of Technology.

*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 PIMCO RealRetirement Funds are a fund of funds investing in multiple sectors of the bond market including Treasury Inflation Protected Securities (TIPS), mortgage-backed securities, corporate bonds, high-yield bonds.  The funds will also invest in funds specializing in commodities, real estate, small-capitalization firms, international and emerging markets, and commodity and real estate-linked derivatives.  Inflation-linked bonds (ILBs) issued by a government are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise.  Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors.

Investing in non-U.S. securities entails additional risks, including political and economic risk and the risk of currency fluctuations; these risks may be enhanced in emerging markets. Smaller companies may be more volatile than larger companies and may entail more risk.  Concentrating investments in individual sectors, countries, or states may add additional risk and additional volatility compared to a diversified equity portfolio.  Funds may use derivative instruments for hedging purposes or as part of its investment strategy.  Use of derivatives 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.  Diversification does not assure a profit or protect against loss.

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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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