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PIMCO FUNDS PROFILE 
All data as of 10.31.08, unless otherwise indicated. 
PIMCO Foreign Bond Fund (Unhedged) A (PFUAX)
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About this Fund Performance Portfolio Review & Outlook Literature
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Fund Overview
Highlights
  • The Fund invests primarily in high-quality, non-U.S. intermediate-term bonds. As over half of the world's fixed-income securities are issued outside of the U.S., the Fund adds diversification to any bond portfolio.
  • Emphasizes bonds issued by the government of developed foreign countries, which can help temper the risks associated with investing in foreign securities.
  • As economic and business cycles around the world may not move in the same pattern, the best bond opportunities lie outside the United States.
  • Separates country and currency decisions to actively manage currency exposure.
Why Invest in this Fund

Reward Potential
Over half of the world's fixed income securities are issued outside the United States. And as economic and business cycles around the world do not move in the same pattern, the best bond opportunities can sometimes lie outside the United States.

Expert Management

As measured by assets under management, PIMCO is one of the largest investment advisors in the country. In recent years, the Firm has expanded its global operations and today has offices in cities such as London, Munich, Singapore, Sydney and Tokyo.
Investment Process

The top-down investment process begins with PIMCO's annual secular forum at which the firm develops a 3- to 5-year outlook for the global economy and interest rates. This helps set the basic portfolio parameters, including duration, yield-curve positioning, sector weightings, credit quality breakdown and finally, individual issue selection. The Fund's top-down strategy begins with a country bond allocation model that helps determine which countries have the best risk-adjusted yield. Currency allocations are determined according to short-term yields, market trends, technical factors and fundamental analysis focused on measures of relative purchasing power. The bottom-up strategy of the Fund includes sector selection and credit research, which stresses fundamental and in-depth analysis of all holdings. The Fund may at times use futures to replicate bond positions.** This strategy can offer the opportunity to outperform physical bond securities due to the relative pricing of the futures contracts and PIMCO's active management of the collateral backing the futures.

 

 

** Futures may also be used to manage the Fund portfolio's overall duration and sector exposure.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
A Shares
PFUAX
722005196
Objective
Seeks maximum total return, consistent with preservation of capital and prudent investment management

Primary Portfolio
Intermediate maturity non-U.S. fixed income securities instruments.

Total Fund Assets (in millions)
$2,333.0

Inception Date
Apr 30, 2004

Dividend Frequency
Monthly

Maximum Sales Charge
3.75%

Expense Ratio
1.230%

> Share Class Pricing

Manager
Scott Mather

Mr. Mather is a PIMCO managing director and member of the investment committee with many years of investment experience in the U.S., U.K. and European markets. Prior to his recent return to Newport Beach, Scott oversaw more than $350 billion in assets in both the U.K. and Germany. Prior to joining PIMCO in 1998, Scott was a fixed income trader with Goldman Sachs specializing in mortgage backed securities. He holds a B.A. and M.A. in engineering from the University of Pennsylvania, as well as a degree in finance from The Wharton School.

Management Firm
Pacific Investment Management Company LLC (PIMCO)

Newport Beach, California

Led by Founder and Chief Investment Officer Bill Gross, PIMCO is widely recognized as one of the premier bond managers in the world. PIMCO applies this expertise to a range of core and specialized investment portfolios.



> Management Commentary

Investors should consider the investment objectives, risks, charges and expenses of this Fund carefully before investing. This and other information is contained in the Fund´s prospectus, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus. Please read this prospectus carefully before you invest or send money.

Past performance is no guarantee of future results. This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the author, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.


For PIMCO's current AUM, please visit the Our Managers section.

 

The Fund will normally invest at least 80% of its assets in Fixed Income Instruments of issuers located outside the United States, representing at least three foreign countries, which may be represented by futures contracts (including related options). The Fund may invest up to 10% in high yield securities and in mortgage- or asset-backed securities. Investing in foreign securities may entail risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. Mortgage-backed securities are subject to prepayment risk and may be sensitive to changes in prevailing interest rates. When interest rates rise, the value of fixed income securities generally declines. The Fund is nondiversified, which means that it may concentrate its assets in a smaller number of issuers than a diversified Fund. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in these instruments.

 

PIMCO Funds and Allianz Funds are distributed by Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, www.allianzinvestors.com, 1-888-877-4626.

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

 

Click here to view the Fund's current sector weightings.

All holdings are subject to change.

 

Click here to view the Fund's current standardized performance.
CLICK TO VIEW OUR BUSINESS CONTINUITY PLAN, PROXY POLICIES & VOTING RECORDS, OR OUR PRIVACY POLICY.
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