Symetra

Morningstar® Investment Profile™

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 Rating™
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As of 2022-05-31

Out of 550 Short-Term Bond Funds

Morningstar®
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As of 2021-12-31

Total Fund Assets ($ Mil)
1,706.18

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

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

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

	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

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

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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

Issuer

PIMCO

Subadvisor(s)

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