PIMCO Emerging Markets Corporate Bond Fund INSTL (PEMIX)

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) $327.2
Share Class Inception Date 7/1/2009
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge -
Net Operating Expenses 1.15 %

Daily Price

NAV Day Return
$10.53 $0.02 0.20%
YTD Return
0.50%
As of 03/25/15

Historical Prices

03/20/15

$10.42

03/23/15

$10.47

03/24/15

$10.51

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
Targeted access to EM credit

As emerging markets (EM) corporates continue growing as an asset class, tap into the greater return potential of companies helping to enhance the region’s economic growth.


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

Strong economic growth, pressing needs for infrastructure, rapid urbanization, and growing internal consumer markets in EM should benefit companies able to capitalize on these trends. Many of their bonds offer attractive risk/reward profiles relative to broader EM debt and to developed country credit, and may provide portfolio diversification benefits.


Emphasis on strong fundamentals

The fund invests across the full range of ratings but focuses on companies with strong or improving underlying credit fundamentals and good growth prospects. It also aims to limit concentration risk by diversifying across countries, industries and issuers.


Credit and EM expertise

PIMCO is a leading manager of credit and EM bond portfolios, with a dedicated team of EM portfolio managers collaborating closely with 50+ credit analysts. Our investment process combines bottom-up, fundamentals-driven credit analysis with in-depth country knowledge, helping us to respond quickly to changing conditions in emerging economies and to capitalize on attractive investment opportunities.


Our Expertise

The EM portfolio management team, strategically located around the world, draws on our time-tested investment process, combining macroeconomic forecasting with rigorous bottom-up credit research. PIMCO has been managing EM portfolios since 1997.

Managers

Said Saffari

Mr. Saffari is an executive vice president and portfolio manager in the Newport Beach office, where he leads the firm's emerging markets corporate investing strategies. Prior to joining PIMCO in 2014, he was a partner and portfolio manager at GoldenTree Asset Management, responsible for emerging markets. Previously, he was a senior portfolio manager at ICE Canyon, focused on emerging markets strategies investing in loans, bonds and structured products. Prior to this, he was head of pan-European credit research at Credit Suisse. He has 17 years of investment experience and holds a Ph.D. from Harvard University and an undergraduate degree from the University of California at Berkeley.

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:
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.

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.