Morningstar® Investment Profile™   Morningstar®
Disclosure
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for Print
PIMCO Global Bond Opps (Unhedged) 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™
What is this?
As of 2022-05-31
Out of 193
Global Bond Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
122.37
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 fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in Fixed Income Instruments that are economically tied to at least three countries (one of which may be the United States), 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: Global Bond
Global bond portfolios typically invest 40% or more of their assets in fixed-income instruments issued outside of the U.S. These portfolios invest primarily in investment-grade rated issues, but their strategies can vary. Some follow a conservative approach, sticking with high-quality bonds from developed markets. Others are more adventurous, owning some lower-quality bonds from developed or emerging markets. Some portfolios invest exclusively outside the U.S., while others invest in both U.S. and non-U.S. bonds. Many consistently maintain significant allocations to non-U.S. dollar currencies, while others have the flexibility to make sizeable adjustments between their U.S. dollar and non-U.S. currency exposures. 
  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 -0.2
Bonds 91.5
Cash 0.8
Other 7.8
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2022-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 37.84
Corporate 3.96
Securitized 10.13
Municipal 0.00
Cash & Equivalents 30.71
Other 17.36
Data through 2022-03-31
Credit Analysis
% Bonds
AAA 44.56
AA 15.01
A 9.91
BBB 21.29
BB 3.24
B 1.92
Below B 4.05
Not Rated 0.00
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 1
Total Number of Bond Holdings 523
% of Net Assets in Top 10 Holdings 83.26
Turnover % (as of 2021-12-31) 408.00
30 Day SEC Yield % 2.54
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
Euro OAT Future June 22 2022-06-09 --- -22,758 17.54
Federal National Mortgage Association 3.5% 3.5% 2052-05-12 15,200 15,181 11.70
Fin Fut Uk Gilt Ice 06/28/22 2022-06-29 --- -12,291 9.47
Euro Bund Future June 22 2022-06-09 --- -11,298 8.71
Federal National Mortgage Association 2% 2% 2052-04-13 11,400 -10,584 8.16
Long-Term Euro BTP Future June 22 2022-06-09 --- 9,541 7.35
Pimco Fds 2022-05-11 950 9,225 7.11
Federal National Mortgage Association 2.5% 2.5% 2052-05-12 7,300 -6,951 5.36
Fin Fut 10yr Jgb Ose 06/13/22 2022-06-14 --- -6,167 4.75
Japan (Government Of) 0% 0% 2022-07-04 490,000 4,038 3.11
Data through 2022-03-31
  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: 2006-01-31
Portfolio Manager(s)
Andrew Thomas Balls   (2014-09-26)
Mr. Balls is PIMCO's CIO Global Fixed Income. Based in London, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times and a lecturer in economics at Keble College, Oxford. He holds a bachelor's degree from Oxford and a master's degree from Harvard University.
Lorenzo Pagani   (2014-09-26)
Dr. Pagani is a managing director and portfolio manager in the London office and head of the European rates desk. He is a member of the global bond and global real return portfolio management teams. Additionally, he is a member of the European Portfolio Committee, the Counterparty Risk Committee, and the Best Execution Committee. He also serves as head of talent management for portfolio management outside of the U.S. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France.
Sachin Gupta   (2014-09-26)
Mr. Gupta is a managing director in the Newport Beach office, global portfolio manager and head of the global desk. He is a member of the European Portfolio Committee and a rotating member of the Asia-Pacific Portfolio Committee, and has also served as a rotating member of the Investment Committee. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.
Investment Advisor(s)
Pacific Investment Management Company, LLC
Issuer
PIMCO
Subadvisor(s)
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Show Data Definitions

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