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PIMCO FUNDS PROFILE 
All data as of 09.30.09, unless otherwise indicated. 
PIMCO Money Market Fund A (PYAXX)
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About this Fund Literature
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Fund Overview
Portfolio Construction

Quality Portfolio

The Fund may invest at least 95% of its total assets in a diversified portfolio of money market securities that are in the highest rating category for short-term obligations.

 
Why Invest in this Fund

Experienced Management

PIMCO Money Market Fund is managed by Paul McCulley, a PIMCO Managing Director who began his investment career in 1983.

 

For Short-Term Investment

Stock and bond funds should, in general, be viewed as long-term investments. So where can you invest the money you might need in three to six months, if not sooner? Most financial advisors recommend putting aside a minimum of three months of living expenses in a short-term, liquid investment, such as a money market fund.

 

Alternative to Savings Account and CDs

Money market funds strive to provide many of the same benefits as savings accounts and CDs. But with the assumption of slightly more risk, they attempt to provide a higher yield. Money market funds generally seek to offer:

  • Current income
  • Liquidity
  • Price stability

 

Of course, unlike CDs and bank savings accounts, money market fund shares are not guaranteed as to repayment of principal and interest, and they do not offer a fixed rate of return.

 

An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
A Shares
PYAXX
693391153
Objective
Seeks maximum current income, consistent with preservation of capital and daily liquidity

Primary Portfolio
Money market instruments

Total Fund Assets (in millions)
$476.6

Inception Date
Mar 1, 1991

Dividend Frequency
Monthly

Maximum Sales Charge
-

Net Expense Ratio
0.590%

Gross Expense Ratio
-

> Share Class Pricing

Manager
Paul McCulley


 Paul McCulley is Managing Director and is responsible for supervising all short-term investment strategies at PIMCO.

Management Firm
Pacific Investment Management Company LLC (PIMCO)

Newport Beach, California

Led by Founder and Co-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 and summary prospectus, if available, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus or summary prospectus. Please read them carefully before you invest or send money.

Past performance is no guarantee of future results. Please refer to the Price and Performance link for complete standardized returns. This commentary 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.

 

The credit quality of the investment in the portfolio does not apply to the stability or safety of the fund. Duration is a measure of the fund’s price sensitivity expressed in years.  In an environment where interest rates may trend upward, rising rates will negatively impact most bond funds, and fixed income securities held by a fund are likely to decrease in value.  Bond funds and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.

 

The Fund may invest in securities that are issued or guaranteed by the U.S. Government or agencies; the Fund's shares, yield or net asset value, however, are not guaranteed by the U.S. Government. The guarantee is to timely repayment of principal and interest if held to maturity. Guarantee does not eliminate market risk. Corporate Paper is short-term unsecured debt, issued primarily by corporations, with a maximum maturity of 270 days and is subject to the risk of the issuer’s inability to meet principal and interest payments.

 

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

 
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