PIMCO Diversified Income Fund INSTL (PDIIX)

PIMCO
Objective
Seeks maximum total return, consistent with prudent investment management
Primary Portfolio
Investment grade corporate, high yield and emerging market fixed income securities (3-8 yr. avg. duration)
At a Glance
SymbolPDIIX
CUSIP Number 693391880
Total Fund Assets (in millions) $2,648.5
Share Class Inception Date 07/31/2003
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 0.75 %

Daily Price

NAV Day Return
$10.84 -$0.04 -0.35%
YTD Return
2.48%
As of 03/02/15

Historical Prices

02/25/15

$10.84

02/26/15

$10.86

02/27/15

$10.88

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
Higher income and growth potential from multiple global bond sectors

Investing across credit and emerging market bond sectors, PIMCO Diversified Income Fund can serve as a risk-managed, income-oriented complement to traditional core bond holdings.


Why Invest In This Fund
Enhanced income potential

The fund can take advantage of a global opportunity set, focusing on bond sectors that may provide an incremental yield advantage over developed market government bonds. These sectors include primarily investment grade corporate, high yield and emerging market bonds, as well as other credit sectors appearing to offer relative value.


A dynamic, flexible approach

The fund’s management team has the flexibility to adjust the fund’s sector weightings in response to changing market and economic conditions. This dynamic approach can allow the fund to both be defensive and take advantage of compelling income opportunities across regions and credit qualities.


Strong risk-adjusted returns

Sector allocations are guided by PIMCO’s forward-looking global outlook, favoring what we believe are the most attractive return opportunities while limiting exposure to sectors offering less compelling relative value or more downside risk. Over time, our diversified approach has resulted in attractive risk-adjusted returns.


Our Expertise

PIMCO has managed credit portfolios for more than 40 years, supported by 50-plus credit analysts based in nine different global offices. This broad investment platform enables us to uncover the best relative value opportunities globally.

Managers

Curtis Mewbourne

Mr. Mewbourne is a managing director and head of portfolio management in the New York office. He manages institutional accounts and mutual funds across a wide range of strategies. Prior to joining PIMCO in 1999, he was a bond trader at Salomon Brothers and at Lehman Brothers. He has 21 years of trading and portfolio management experience and holds an engineering degree in computer science from the University of Pennsylvania.

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 investment professional 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:
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. The strategy may invest all of its assets in high-yield, lower-rated, securities which 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. 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. 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. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. 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.

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.® 2015. 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.




PIMCO