PIMCO Emerging Markets Corporate Bond Fund INSTL (PEMIX)

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
Corporate fixed income instruments tied to emerging markets
At a Glance
SymbolPEMIX
CUSIP Number 72201P522
Total Fund Assets (in millions) $1,326.0
Share Class Inception Date 7/1/2009
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 1.15 %
Total Annual Operating Expenses 1.15 %

Daily Price
NAV Day Return
$11.69 $0.02 0.18%
YTD Return
-2.56%
As of 06/17/13

Historical Prices

06/12/13

$11.57

06/13/13

$11.59

06/14/13

$11.67
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
Access to a distinct asset class focused on the rapid growth of emerging markets

With emerging markets poised to be the growth engine of the global economy over the coming years, corporate bonds issued in emerging market countries- especially from companies helping to enhance economic growth in the region- tend to offer the potential for higher risk-adjusted returns relative to other global fixed income sectors.


Why Invest In This Fund
Exposure to a distinct, dynamic asset class

Strong economic growth and rapid urbanization have created opportunities for companies able to capitalize on these trends. Many of the bonds issued by these companies offer attractive risk/reward profiles relative to broader emerging market debt and may provide diversification benefits to an overall portfolio.


Emphasis on bonds with strong credit fundamentals

Although EM corporate issuers cover a wide range in credit quality the asset class, in aggregate, is investment grade. The fund seeks to maintain a similar orientation, focusing on higher quality companies with strong underlying credit fundamentals. The portfolio looks to avoid overconcentration by diversifying across countries, industries and issuers.


Extensive emerging markets experience

PIMCO’s emerging markets team averages 12 years of experience in investing and EM economic policy, spanning a diverse range of market environments. The team is strategically located around the world in order to identify opportunities in a wide range of local markets and respond quickly to changing conditions in emerging economies.



View All Fund Literature

Managers

Brigitte Posch

Ms. Posch is an executive vice president in the Munich office and a member of the emerging markets portfolio management team. Prior to joining PIMCO in 2008, she was a managing director and head of Latin American securitization and trading at Deutsche Bank. Ms. Posch was previously a director with Ambac, responsible for developing asset- and mortgage-backed securities in emerging markets. Before joining Ambac, she was a vice president and senior credit officer with Moody’s Investors Service in New York, responsible for rating asset- and mortgage-backed securities in Latin America. She also worked in Sao Paulo, Brazil at Banco Inter-Atlantico/Credit Agricole, Citibank and ABN AMRO. She has 22 years of investment experience and holds an undergraduate degree from Mackenzie University of São Paulo.

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:
Infrastructure entities are involved in the construction, operation, ownership or maintenance of physical structures, networks and other infrastructure assets that provide public services; infrastructure entities, projects and assets may be sensitive to adverse economic, regulatory, political or other developments and may be subject to a variety of events that adversely affect their business or operations. 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. 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. Diversification does not ensure against loss.

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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