Morningstar® Investment Profile™   Morningstar®
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PIMCO VIT Low Duration Instl
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2022-05-31
Out of 550
Short-Term Bond Funds
Style Box™
What is this?
As of 2021-12-31
Total Fund Assets ($ Mil)
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 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. 
  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 0.0
Non-U.S. Stocks 0.0
Bonds 134.7
Cash -40.6
Other 5.8
Total 100.0
Asset Allocation Long/Short/Net Graph
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
Data through 2021-12-31
Credit Analysis
% 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
Data through 2021-12-31
Credit Analysis Graph
Holding Status
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
Top Holdings
% of Net
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
Data through 2021-12-31
  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, Sovereign Debt, Management
Show Risk Definitions
  Other Information
Inception Date: 2000-04-10
Portfolio Manager(s)
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.
Investment Advisor(s)
Pacific Investment Management Company, LLC
Show Data Definitions

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