Morningstar® Investment Profile™   Morningstar®
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PIMCO VIT Low Duration 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™
What is this?
As of 2024-10-31
Out of 516
Short-Term Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-06-30
Total Fund Assets ($ Mil)
1,409.08
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 154.3
Cash -58.5
Other 4.2
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2024-06-30
Morningstar Fixed-Income Sectors
% Fund
Government 53.01
Corporate 7.28
Securitized 20.90
Municipal 0.00
Cash & Equivalents 15.55
Derivative 3.27
Data through 2024-06-30
Credit Analysis
% Bonds
AAA 80.03
AA 4.12
A 9.44
BBB 5.20
BB 0.87
B 0.02
Below B 0.32
Not Rated 0.00
Data through 2024-06-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 403
% of Net Assets in Top 10 Holdings 115.22
Turnover % (as of 2023-12-31) 295.00
30 Day SEC Yield % 4.47
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
2 Year Treasury Note Future Sept 24 2024-10-01 4 866,721 61.97
United States Treasury Notes 3.625% 2026-05-15 151,600 148,530 10.62
Ultra 10 Year US Treasury Note Future Sept 24 2024-09-20 1 -120,540 8.62
5 Year Treasury Note Future Sept 24 2024-10-01 --- 92,139 6.59
Federal National Mortgage Association 5% 2054-07-15 93,350 90,229 6.45
10 Year Treasury Note Future Sept 24 2024-09-20 --- -78,104 5.58
Pimco Fds 2024-07-22 6,019 58,713 4.20
Federal National Mortgage Association 3% 2054-08-13 63,100 -53,734 3.84
United States Treasury Notes 3.875% 2026-01-15 53,100 52,309 3.74
Pimco Fds 2024-08-23 5,183 50,424 3.61
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, Market/Market Volatility, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Leverage, Sovereign Debt, Management, Structured Products
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 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.
Daniel Herbert Hyman   (2022-10-03)
Managing Director, PIMCO. Mr. Hyman is a portfolio manager focusing on mortgage-backed securities and derivatives. Prior to joining PIMCO in 2008, he was a vice president at Credit Suisse where he traded Agency pass-throughs. He holds an undergraduate degree from Lehigh University.
Jelle Brons   (2022-10-03)
Jelle Brons, is a member of the team responsible for investment decisions for the EQ/PIMCO Total Return ESG Portfolio. Mr. Brons is an Executive Vice President, specializing in global investment grade credit. He is a member of the ESG portfolio management team, focusing on credit. Mr. Brons is a portfolio manager on the global corporate bond team. Prior to joining PIMCO, Mr. Brons worked at UBS Investment Bank in the credit fixed income department, initially in credit sales and then with the team responsible for CreditDelta, a credit market and portfolio analysis tool.
Marc P. Seidner   (2022-10-03)
Mr. Seidner is CIO Non-traditional Strategies, a managing director and head of portfolio management in the New York office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC. Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management. He holds an undergraduate degree in economics from Boston College.
Investment Advisor(s)
Pacific Investment Management Company, LLC
Issuer
PIMCO
Subadvisor(s)
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Show Data Definitions

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