PIMCO VIT Total Return Adv |
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Release date as of 2022-05-31. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2022-05-31 |
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Out of 568 Intermediate Core-Plus Bond Funds
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Total Fund Assets ($ Mil) |
5,304.48 |
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Investment Objective & Strategy |
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The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.
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The fund invests 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. It invests primarily in investment-grade debt securities, but may invest up to 20% of its total assets in high yield securities, as rated by Moody's, S&P or Fitch, or, if unrated, as determined by PIMCO. |
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Morningstar Category: Intermediate Core-Plus Bond |
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Intermediate-term core-plus bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, but generally have greater flexibility than core offerings to hold non-core sectors such as corporate high yield, bank loan, emerging-markets debt, and non-U.S. currency exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index.
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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. |
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% of Net Assets |
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U.S. Stocks |
0.0 |
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Non-U.S. Stocks |
0.0 |
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Bonds |
157.2 |
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Cash |
-65.5 |
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Other |
8.3 |
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Total |
100.0 |
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Data through
2022-03-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
28.74 |
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Corporate |
15.29 |
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Securitized |
25.17 |
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Municipal |
0.27 |
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Cash & Equivalents |
8.01 |
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Other |
22.52 |
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% Bonds |
AAA |
--- |
AA |
--- |
A |
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BBB |
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BB |
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B |
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Below B |
--- |
Not Rated |
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Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
1046 |
% of Net Assets in Top 10 Holdings |
49.43 |
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Turnover % |
(as of 2021-12-31) |
308.00 |
30 Day SEC Yield % |
2.85 |
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Maturity Date
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Shares
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Value $000
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% of Net Assets
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10 Year Treasury Note Future June 22 |
2022-06-22 |
4 |
542,030 |
9.51 |
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Federal National Mortgage Association 3% 3% |
2052-06-13 |
530,000 |
516,611 |
9.06 |
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Euro Bund Future June 22 |
2022-06-09 |
3 |
-499,236 |
8.76 |
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Federal National Mortgage Association 3% 3% |
2052-05-12 |
352,100 |
343,702 |
6.03 |
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Pimco Fds |
2022-04-22 |
25,110 |
247,539 |
4.34 |
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Federal National Mortgage Association 3.5% 3.5% |
2052-05-12 |
190,000 |
189,760 |
3.33 |
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United States Treasury Bonds 3% 3% |
2044-11-15 |
155,300 |
164,758 |
2.89 |
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5 Year Treasury Note Future June 22 |
2022-07-01 |
1 |
142,845 |
2.51 |
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United States Treasury Bonds 1.375% 1.375% |
2040-11-15 |
106,200 |
86,901 |
1.52 |
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South Africa (Republic of) 10.5% 10.5% |
2026-12-21 |
1,126,000 |
84,098 |
1.48 |
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Short Sale, Credit and Counterparty, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Issuer, Interest Rate, Market/Market Volatility, Convertible Securities, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Leverage, Sovereign Debt, Management |
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Show Risk Definitions |
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Inception Date: 2006-02-28 |
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Mohit Mittal (2019-12-11) |
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Mr. Mittal is a managing director and portfolio manager in the Newport Beach office, and a senior member of the liability driven investment and credit portfolio management teams. He manages multi-sector portfolios with added specialization in long credit, investment grade credit and unconstrained bond portfolios. He joined PIMCO in 2007 and holds an MBA from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India. |
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Mark R. Kiesel (2014-09-26) |
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Mr. Kiesel is CIO Global Credit and a managing director in the Newport Beach office. He is a member of the Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business as well as credit research. Morningstar named him Fixed-Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the fin |
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Scott A. Mather (2014-09-26) |
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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. |
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Pacific Investment Management Company, LLC |
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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.
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