%PDF-1.6 % 189 0 obj <> endobj Shares of an ETF, traded on the secondary market, are bought and sold at market price (not NAV). Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A discount or premium could be significant. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. For more detailed information about Morningstars Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx. The Corporate & Income Opportunity Fund was rated against the following numbers of Multisector Bond funds over the following time periods: Overall 5 Stars (20 funds rated); 3 Yrs. PIMCO and all other ETF brands are ranked based on their estimated revenue from their ETF business. AUM $2 Trillion Leading Investment Management Firm Jan 2017 - Present6 years 1 month New York, United States -- Manage PIMCO's global counterparty risk analytics, regulatory, financing, margin. The Preferred and Capital Securities Fund was rated against the following numbers of Preferred Stock funds over the following time periods: Overall 4 Stars (62 funds rated); 3 Yrs. The value of most bonds and bond strategies are impacted by changes in interest rates. Choose your news we will deliver. Source: PIMCO, Bloomberg. In a bright spot, Pimco's smaller sister unit Allianz Global Investors saw outside clients add 4.6 billion euros, a sign that high-profile hedge fund losses at the business haven't hurt investor. Investors should consider shares of the fund to be an illiquid investment. There can be no assurance that a change in market conditions or other factors will not result in a change in the fund distribution rate at a future time. Pimco also holds more than $1.5bn of government. Total Return Fund has delivered a positive absolute return over all rolling 3-year periods net of fees since inception. Alternative paths to performance using PIMCOs time-tested process. The Credit Opportunities Bond Fund was rated against the following numbers of Nontraditional Bond funds over the following time periods: Overall 4 Stars (310 funds rated); 3 Yrs. **** PIMCO is an autonomous subsidiary of Allianz Group ^ Franklin Resources Inc, known as Franklin Templeton, acquired Baltimore-based Legg Mason in July 2020. Please make sure you understand what fees and costs you are paying. Benchmark outperformance indicates the performance of a portfolio as compared to its benchmark. Current performance may be lower or higher than performance shown. 0 Performance is shown for the institutional class, net of fees. Exchange Traded Funds (ETF) are afforded certain exemptions from the Investment Company Act. The performance figures presented reflect the total return performance and reflect changes in share price and reinvestment of dividend and capital gain distributions. 2 Stars (562 funds rated); 5 Yrs. Assets include $81.8 billion (as of 30 September 2022) in assets of clients contracted with Allianz Real Estate, an affiliate and wholly-owned subsidiary of PIMCO and PIMCO Europe GmbH. Group revenue grew 20% for the quarter and 5.7% for the year, to 42.6 billion. Pimco's assets under management climbed 6.6 per cent to $1.61tn in the second quarter, as the giant bond fund manager continues its recovery from the acrimonious departure of co-founder Bill. The funds distribution rate may be affected by numerous factors, including changes in realized and projected market returns, fund performance, and other factors. PIMCO manages assets entrusted to us by central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world. Judge Thierry Patrick Colaw of Orange County Superior Court, in a decision dated Tuesday, rejected AIG's argument that Pimco, a unit of German insurer Allianz SE (ALVG.DE), waited too long to sue over the alleged deception. Performance quoted represents past performance. $1.74 Trillion4 Assets Under Management as of 31 December 2022. The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. The firm's third-party money management business is made up of Pacific Investment Management Co. and Allianz Global Investors both of which recorded net inflows in 2020. As such, it does not indicate that a portfolio's performance was positive during any given period. $18 billion. PIMCO was established by Bill Gross, Jim Muzzy and Bill Podlich in 1971. As of 31 December 2022. . Interval funds can provide access to less liquid, potentially high-yielding securities as an alternative source of return. Is your core bond allocation doing what it should? 3 Stars (156 funds rated). For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. Santa Fe, NM 87505. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund annual and semi-annual report. Want to learn more about the hedge funds PIMCO manages? Assets include $84.4 billion (as of 31 December 2022) in assets managed by PIMCO Prime Real Estate (formerly Allianz Real Estate), an affiliate and wholly-owned subsidiary of PIMCO and PIMCO Europe GmbH that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC and their subsidiaries and affiliates. Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view. 2022, PIMCO. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. Total net inflows were 25.7 billion in 2020, vs. 83.3 billion of net inflows in 2019. It is possible that the fund may not issue a Section 19 Notice in situations where the funds financial statements prepared later and in accordance with U.S. GAAP or the final tax character of those distributions might later report that the sources of those distributions included capital gains and/or a return of capital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Please read them carefully before you invest or send money. View the latest funds and 13F holdings. Data in chart format displaying the frequency distribution of discounts and premiums of the Market Price against the NAV can be found for each Fund at pimcoetfs.com. From Lipper Fund Awards from Refinitiv, 2021 Refinitiv. This material has been distributed for informational purposes only. The Morningstar Analyst Rating is not a credit or risk rating. Aggregate Index. 3 Stars (579 funds rated); 10 Yrs. Please refer to the Funds prospectus for a complete overview of the primary risks associated with the Fund. 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. For additional information, please contact your investment professional. Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Exchange Traded Funds (ETF) are afforded certain exemptions from the Investment Company Act. SOURCE: PIMCO Based on PIMCO managed portfolios with at least a 5-years history. Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. There is no assurance that any fund, including any fund that has experienced high or unusual performance for one or more periods, will experience similar levels of performance in the future. Past performance is not a guarantee or a reliable indicator of future results. 4 Stars (20 funds rated); 5 Yrs. As of 31 December 2022. 4 Stars (19 funds rated). The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. markets, No growth to a mild recession scenario for 2023,' Breckinridge CIO says, Income Research & Management adds chief strategy officer, Sponsored Content: EDHEC Climate and Finance Special, The Institutional Investors Guide to ESG Investing, The Plan Sponsor's Guide to Retirement Income, 2023 Defined Contribution East Conference, Manulife, Allianz Global Investors form Hong Kong alliance, Allianz third-party AUM up on net inflows, market impacts, Pension plans investing with Allianz funds see big losses. 3 Stars (563 funds rated); 5 Yrs. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Holdings are subject to change at any time. ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. With assets under management of over $170 billion, QQQ is one of the most popular stocks in the market today. $2,571,910,740,224. PIMCO, or the Pacific Investment Management Company, is an American investment management firm founded in 1971 in California. An investment in an ETF involves risk, including the loss of principal. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. Investment return and the principal value of an investment will fluctuate. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. For the three months ended Dec. 31, third-party assets grew 2.5%. Did You Know? Compare against similar firms. The value of most bonds and bond strategies are impacted by changes in interest rates. "The new all-time high in assets under management and strong productivity bode very well for a good start in 2021," he said. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. PIMCO is a global leader in active fixed income. There is no guarantee that an investor will be able to tender all of their requested Fund shares in a periodic repurchase offer. Holdings are subject to change at any time. Current holdings are subject to risk. 3 Stars (220 funds rated); 10 Yrs. Founded in 1971 . 1 The Net Expense Ratio reflects a contractual fee waiver related to the Fund's subsidiary that will not terminate so long as PIMCO's advisory contract with the Fund's subsidiary is in place. The Investment Grade Credit Bond Fund was rated against the following numbers of Corporate Bond funds over the following time periods: Overall 3 Stars (192 funds rated); 3 Yrs. Total net inflows were 25.7 billion in 2020, vs. 83.3 billion of net inflows in 2019. Morningstar Rating as of 28 February 2023 for the institutional share class; other classes may have different performance characteristics. Boston Hedge Funds: Cornell Alumni Firms: CalPERS Portfolio: NYSCRF Portfolio: Latest Filings: User Guide: Regulatory AUM vs AUM: LP Portfolios: Related Firms: Build a . Investment consultant NEPC LLC, Boston, declined to comment about PIMCO in response to P&I 's request but said in a due. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. Investment in Fund shares may not be advisable for investors who expect to engage in frequent trading. SSGA also notes that total CEO compensation at Honeywell has been reduced over time, in part due to SSGA's engagement. 216 0 obj <>/Filter/FlateDecode/ID[<1AC97F816343E341B59113AEB779B2E6>]/Index[189 74]/Info 188 0 R/Length 132/Prev 341854/Root 190 0 R/Size 263/Type/XRef/W[1 3 1]>>stream Based on risk-adjusted returns as of. The exemptions allow, among other things, for individual shares to trade on the secondary market. PIMCO's dedicated alternatives team benefits from the investment process and platform that has delivered alpha for investors for more than 50 years through many different market environments. Investments may be worth more or less than the original cost when redeemed. PIMCO EM Fleur de LYS Fund LP - Enhanced Beta Local Emerging Markets Sub-Class: 2022-05-27 163.7: HF: Time in Business. 3 Stars (19 funds rated). Assets were flat vs. figures as of Sept. 30. Source: PIMCO AUM includes $542bn dedicated public credit assets and $37.9bn dedicated alternative credit assets. Differences in the Funds performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index. Each Fund follows a target asset allocation schedule that changes over time to help reduce portfolio risk, increasing its exposure to conservative investments as the target date approaches. Pimco's public fixed income funds have typically outperformed the market, even after deducting the higher fees they charge on average, over the past five years, they beat their category . : 2022-05-27 163.7: HF: Time in business repurchase offer funds carefully before you or. $ 1.5bn of government $ 37.9bn dedicated alternative credit assets financial professional to determine the most popular in... Managed portfolios with at least a 5-years history https: //shareholders.morningstar.com/investor-relations/governance/Compliance -- Disclosure/default.aspx without express written permission relates to level. Portfolio as compared to its benchmark with at least a 5-years history risk, including methodology. 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