Symetra

Morningstar® Investment Profile™

PIMCO VIT Global Bond Opps UnH Instl

Release date as of 2024-10-31. Data on page is subject to change.


	Snapshot		Ratings & Risk		Portfolio		Nuts & Bolts

Morningstar Report

Overall Morningstar Rating™
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As of 2024-10-31

Out of 174 Global Bond Funds

Morningstar®
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As of 2024-06-30

Total Fund Assets ($ Mil)
127.21

View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy

The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.

The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in Fixed Income Instruments that are economically tied to at least three countries (one of which may be the United States), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.

Morningstar Category: Global Bond

Global bond portfolios typically invest 40% or more of their assets in fixed-income instruments issued outside of the U.S. These portfolios invest primarily in investment-grade rated issues, but their strategies can vary. Some follow a conservative approach, sticking with high-quality bonds from developed markets. Others are more adventurous, owning some lower-quality bonds from developed or emerging markets. Some portfolios invest exclusively outside the U.S., while others invest in both U.S. and non-U.S. bonds. Many consistently maintain significant allocations to non-U.S. dollar currencies, while others have the flexibility to make sizeable adjustments between their U.S. dollar and non-U.S. currency exposures.

Investment Risks

There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.

Portfolio Profile

Asset Allocation

	% of Net Assets
U.S. Stocks	1.2
Non-U.S. Stocks	-0.2
Bonds	133.1
Cash	-28.7
Other	-5.4

Total	100.0

Data through 2024-06-30

Morningstar Fixed-Income Sectors

% Fund
	Government	37.99
	Corporate	1.28
	Securitized	10.63
	Municipal	0.02
	Cash & Equivalents	31.23
	Derivative	18.84


Data through 2024-06-30

Credit Analysis

	% Bonds
AAA	40.14
AA	7.26
A	3.58
BBB	45.05
BB	1.11
B	0.97
Below B	1.89
Not Rated	0.00

Data through 2024-06-30

Holding Status

Total Number of Stock Holdings	9
Total Number of Bond Holdings	490
% of Net Assets in Top 10 Holdings	84.15

Turnover %	(as of 2023-12-31)	653.00
30 Day SEC Yield %		4.19

Top Holdings

	Maturity Date	Shares	Value $000	% of Net Assets

10 Year Japanese Government Bond Future Sept 24	2024-09-13	---	-20,426	16.00
5 Year Treasury Note Future Sept 24	2024-10-01	---	-15,445	12.10
Federal National Mortgage Association 5%	2054-08-13	14,200	13,723	10.75
Federal National Mortgage Association 6%	2054-08-13	11,300	11,328	8.88
Federal National Mortgage Association 2%	2054-08-13	12,500	-9,788	7.67

Pimco Fds	2024-08-23	914	8,890	6.97
Federal National Mortgage Association 4.5%	2054-08-13	8,700	8,205	6.43
Low Sulphur Gas Oil Futures Sept24	2024-09-27	---	-6,907	5.41
Federal National Mortgage Association 6.5%	2053-12-01	6,245	6,362	4.98
Euro OAT Future Sept 24	2024-09-07	---	-6,334	4.96

Data through 2024-06-30

Principal Risks

Short Sale, Credit and Counterparty, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Leverage, Management, Structured Products

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Other Information

Inception Date: 2006-01-31

Portfolio Manager(s)

Andrew Thomas Balls (2014-09-26)

Mr. Balls is PIMCO's CIO Global Fixed Income. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global portfolios and is a member of the Investment Committee. Previously, he oversaw European portfolio management, and was a global portfolio manager in the Newport Beach office and the firm’s global strategist.

Lorenzo Pagani (2014-09-26)

Dr. Pagani is a managing director and portfolio manager in the London office. He leads the European rates desk and is a member of the global bond and real return portfolio management teams, and is responsible for European and UK liability-driven investing (LDI) portfolio management. Additionally, he is a member of the European portfolio committee, the counterparty risk committee, and the best execution committee. He also serves as lead of talent management for portfolio management outside of the U.S. Dr. Pagani is also a director of PIMCO Europe Ltd. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He has 21 years of investment experience and holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France.

Sachin Gupta (2014-09-26)

Mr. Gupta is a managing director in the Newport Beach office, global portfolio manager, and leader of the global desk. He is an advisory member of the Asia-Pacific portfolio committee and has previously served on the Investment Committee, the emerging markets portfolio committee, and European portfolio committee. Previously at PIMCO, he was in the London office managing European liability-driven investment (LDI) portfolios, and in the Singapore office on the global portfolio management team.

Investment Advisor(s)

Pacific Investment Management Company, LLC

Issuer

PIMCO

Subadvisor(s)

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