PIMCO VIT Low Duration Instl |
|
 |
|
Release date as of 2022-05-31. Data on page is subject to change. |
|
|
Overall Morningstar Rating™
|
What is this?
|
|
 |
As of 2022-05-31 |
|
Out of 550 Short-Term Bond Funds
|
|
|
|
|
|
Total Fund Assets ($ Mil) |
1,706.18 |
|
|
|
Investment Objective & Strategy |
|
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.
|
|
The portfolio seeks to achieve its investment objective by investing under normal circumstances at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, 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: Short-Term Bond |
|
Short-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and typically have durations of 1.0 to 3.5 years. These portfolios are attractive to fairly conservative investors, because they are less sensitive to interest rates than portfolios with longer durations. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Short-term is defined as 25% to 75% of the three-year average effective duration of the MCBI.
|
|
|
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. |
|
|
|
% of Net Assets |
|
U.S. Stocks |
0.0 |
|
Non-U.S. Stocks |
0.0 |
|
Bonds |
134.7 |
|
Cash |
-40.6 |
|
Other |
5.8 |
|
|
Total |
100.0 |
|
|
|
|
Data through
2021-12-31 |
|
|
|
|
Morningstar Fixed-Income Sectors |
|
% Fund |
 |
Government |
52.34 |
 |
Corporate |
9.44 |
 |
Securitized |
9.57 |
 |
Municipal |
0.00 |
 |
Cash & Equivalents |
15.59 |
 |
Other |
13.06 |
|
|
|
% Bonds |
AAA |
75.07 |
AA |
4.56 |
A |
8.03 |
BBB |
6.73 |
BB |
5.26 |
B |
0.07 |
Below B |
0.29 |
Not Rated |
0.00 |
|
|
|
|
|
Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
359 |
% of Net Assets in Top 10 Holdings |
100.67 |
|
|
Turnover % |
(as of 2021-12-31) |
446.00 |
30 Day SEC Yield % |
1.63 |
|
|
Maturity Date
|
Shares
|
Value $000
|
% of Net Assets
|
 |
 |
 |
 |
 |
 |
 |
2 Year Treasury Note Future Mar 22 |
2022-04-01 |
5 |
1,192,335 |
62.15 |
 |
5 Year Treasury Note Future Mar 22 |
2022-04-01 |
2 |
265,346 |
13.83 |
 |
10 Year Treasury Note Future Mar 22 |
2022-03-23 |
1 |
-133,464 |
6.96 |
 |
Pimco Fds |
2022-04-18 |
10,354 |
103,276 |
5.38 |
 |
Federal National Mortgage Association 2% |
2037-02-17 |
67,000 |
68,493 |
3.57 |
 |
|
Secretaria Tesouro Nacional 0% |
2022-07-01 |
375 |
63,919 |
3.33 |
 |
Long Gilt Future Mar22 |
2022-03-30 |
--- |
-34,680 |
1.81 |
|
Federal Home Loan Mortgage Corporation 0.65% |
2025-10-22 |
29,100 |
28,364 |
1.48 |
 |
US Treasury Bond Future Mar 22 |
2022-03-23 |
--- |
-22,233 |
1.16 |
|
Federal Home Loan Mortgage Corporation 0.65% |
2025-10-27 |
19,600 |
19,180 |
1.00 |
 |
|
 |
|
|
|
|
|
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, Sovereign Debt, Management |
|
Show Risk Definitions |
|
|
Inception Date: 2000-04-10 |
|
Jerome M. Schneider (2014-09-26) |
|
Managing Director, PIMCO. Mr. Schneider joined PIMCO in 2008. Prior to joining PIMCO, he served as Senior Managing Director with Bear Stearns, specializing in credit and mortgage-related funding transactions. Mr. Schneider joined Bear Stearns in 1995. He has 24 years of investment experience and holds an undergraduate degree in economics and international relations from the University of Pennsylvania and an MBA from the Stern School of Business at New York University. |
|
Scott A. Mather (2014-09-26) |
|
Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. He is a member of the Investment Committee and a generalist portfolio manager. Mr. Mather also oversees ESG portfolio integration in the U.S. Previously he was head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania. |
|
|
|
Pacific Investment Management Company, LLC |
|
|
|
|
|
|
 © Copyright 2022 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
|
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
|
|