PIMCO Long-Term U.S. Government Fund INSTL (PGOVX)

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
SymbolPGOVX
CUSIP Number 693390205
Total Fund Assets (in millions) $2,342.6
Share Class Inception Date 07/01/1991
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 0.475 %

Daily Price

NAV Day Return
$11.45 $0.05 0.44%
YTD Return
3.07%
As of 02/25/15

Historical Prices

02/20/15

$11.15

02/23/15

$11.25

02/24/15

$11.40

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
A high quality bond fund for long-term investors

With a focus on long-term U.S. government securities, the fund 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. 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.


Total return approach

By focusing on current income alone many U.S. government funds may be sacrificing opportunities to protect and grow capital. This fund pursues maximum total return - both income and capital appreciation - using the PIMCO’s time-tested investment process.


Active management

PIMCO has been managing municipal bonds since 1997. Today we are among the largest investors in the market, with a dedicated team of muni credit analysts and 15-member muni team constantly analyzing interest rate movements and technical factors such as issuance trends and state taxes.


Our Expertise

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 –especially important to long-duration portfolios.

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 19 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.

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. 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. 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