PIMCO Dividend and Income Builder Fund INSTL (PQIIX)


Objective
Seeks to provide current income exceeding average yield on global stocks, a growing stream of income per share over time, as well as long-term capital appreciation.
Primary Portfolio
Dividend-paying equities; select fixed income securities
At a Glance
SymbolPQIIX
CUSIP Number 72201T672
Total Fund Assets (in millions) $847.2
Share Class Inception Date 12/14/2011
Dividend Frequency Accrues Daily; Distributes Quarterly
Maximum Sales Charge -
Net Operating Expenses 1.06 %

Daily Price

NAV Day Return
$12.85 $0.07 0.56%
YTD Return
5.41%
As of 04/20/15

Historical Prices

04/15/15

$12.92

04/16/15

$12.93

04/17/15

$12.78

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
Global total return and growing income potential

By investing in dividend-paying stocks around the world and select fixed income securities, this fund aims to offer attractive income today, a growing dividend over time and long-term capital appreciation.


Why Invest In This Fund
Global and flexible

Because attractively priced dividend-paying companies are often found outside the U.S., the fund’s investment strategy is both global and unconstrained. The fund has considerable flexibility to invest in what its investment team believes are the best opportunities across geographies and sectors.


Driven by research

Fundamental research is used to uncover attractively priced companies that are able and willing to increase dividend payments over time. Prospective investments are evaluated to determine their potential to contribute to the fund’s total return objective.


Enhanced by PIMCO’s expertise

The fund benefits from PIMCO’s pioneering total return approach and extensive global resources. The investment team actively uses our credit, commodity, foreign exchange, and macroeconomic expertise to enhance individual company analysis and overall portfolio construction.


Our Expertise

The fund is managed by seasoned dividend investors Brad Kinkelaar and Matt Burdett and backed by PIMCO’s extensive global resources. The fixed income component is managed by Dan Ivascyn and Alfred Murata.

Managers

Brad Kinkelaar

Mr. Kinkelaar is an executive vice president and global equity portfolio manager in the Newport Beach office. He is also head of the PIMCO Dividend Team and a rotating member of PIMCO’s Investment Committee. Prior to joining PIMCO in 2011, he was managing director and global equity portfolio manager at Thornburg Investment Management. As one of the first three investment professionals on Thornburg’s equity team, Mr. Kinkelaar helped build the business from its infancy during more than nine years with the company. He was a co-portfolio manager of the Thornburg Investment Income Builder Fund from its inception in December 2002 until January 2009, as well as associate portfolio manager of the Thornburg International Value Fund and Thornburg Value Fund from 1999 until December 2002. Mr. Kinkelaar began his investment career in the equity investment management department for State Farm Insurance Companies. He has 17 years of investment experience and holds an MBA from the Kellogg School of Management at Northwestern University and a bachelor's degree from Eastern Illinois University.

Matthew Burdett

Mr. Burdett is a senior vice president and equity analyst in the Newport Beach office. Prior to joining PIMCO in 2011, he was with Thornburg Investment Management as a global equity analyst dedicated to dividend income strategies. Previously, Mr. Burdett was director of healthcare investment banking at Oppenheimer. Earlier in his career, he conducted pharmaceutical research at Sunesis Pharmaceuticals. He has nine years of investment and financial services experience and holds an MBA from the Marshall School of Business at the University of Southern California and a bachelor's degree in chemistry from the University of California, Berkeley.

Dan J. Ivascyn

Mr. Ivascyn is Group Chief Investment Officer, and a managing director in the Newport Beach office. He is the head of the mortgage credit portfolio management team and a lead portfolio manager for PIMCO's credit hedge fund and mortgage opportunistic strategies. Mr. Ivascyn is a member of PIMCO's Executive Committee and a member of the Investment Committee. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013. Prior to joining PIMCO in 1998, he worked at Bear Stearns in the asset-backed securities group, as well as T. Rowe Price and Fidelity Investments. He has 23 years of investment experience and holds an MBA in analytic finance from the University of Chicago Graduate School of Business and a bachelor's degree in economics from Occidental College.

Alfred T. Murata

Mr. Murata is a managing director and portfolio manager in the Newport Beach office on the mortgage credit team. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013. Prior to joining PIMCO in 2001, he researched and implemented exotic equity and interest rate derivatives at Nikko Financial Technologies. He has 14 years of investment experience and holds a Ph.D. in engineering-economic systems and operations research from Stanford University. He also earned a J.D. from Stanford Law School and is a member of the State Bar of California.

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.

Matthew Burdett began managing the fund on 31 October 2014.

A word about risk:
Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investments in value securities involve the risk the market’s value assessment may differ from the manager and the performance of the securities may decline. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. 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. 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. Morningstar Rating as 31 March 2015 for the institutional share class; other classes may have different performance characteristics. For the PIMCO Dividend and Income Builder Fund: Overall 5 Star (459 funds rated); 3 Yrs. 5 Stars (459 funds rated). 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.

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