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PIMCO VIT Emerging Markets Bond Instl
Release date as of 2024-03-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-03-31
Out of 224
Emerging Markets Bond Funds
Morningstar®
Style Box™
What is this?
As of 2023-12-31
Total Fund Assets ($ Mil)
198.16
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 80% of its assets in Fixed Income Instruments that are economically tied to emerging market countries, 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: Emerging Markets Bond
Emerging-markets bond portfolios invest more than 65% of their assets in foreign bonds from developing countries. The largest portion of the emerging-markets bond market comes from Latin America, followed by Eastern Europe. Africa, the Middle East, and Asia make up the rest. 
  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 138.0
Cash -38.0
Other 0.0
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2023-12-31
Morningstar Fixed-Income Sectors
% Fund
Government 55.27
Corporate 13.69
Securitized 3.00
Municipal 0.00
Cash & Equivalents 6.67
Derivative 21.37
Data through 2023-12-31
Credit Analysis
% Bonds
AAA 18.99
AA 4.44
A 14.38
BBB 26.12
BB 19.43
B 10.07
Below B 6.56
Not Rated 0.00
Data through 2023-12-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 6
Total Number of Bond Holdings 536
% of Net Assets in Top 10 Holdings 35.72
Turnover % (as of 2023-12-31) 72.00
30 Day SEC Yield % 6.51
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
10 Year Treasury Note Future Mar 24 2024-03-20 --- 30,480 15.35
Secretaria Tesouro Nacional 0% 2024-07-01 65 12,734 6.41
2 Year Treasury Note Future Mar 24 2024-03-29 --- 5,766 2.90
Euro Bund Future Mar 24 2024-03-08 --- -5,154 2.60
Saudi Arabia (Kingdom of) 4.5% 2046-10-26 4,200 3,728 1.88
Petroleos Mexicanos 7.69% 2050-01-23 4,600 3,277 1.65
United States Treasury Bonds 4.75% 2043-11-15 2,700 2,907 1.46
Mexico (United Mexican States) 3% 2026-12-03 447 2,450 1.23
Saudi Arabia (Kingdom of) 4.75% 2028-01-18 2,300 2,327 1.17
Brazil Minas SPE 5.333% 2028-02-15 2,150 2,118 1.07
Data through 2023-12-31
  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, Restricted/Illiquid Securities, Derivatives, Leverage, Sovereign Debt, Management, Real Estate/REIT Sector
Show Risk Definitions
  Other Information
Inception Date: 2012-04-30
Portfolio Manager(s)
Javier Romo   (2019-05-02)
Mr. Romo is an executive vice president and emerging markets portfolio manager in the Newport Beach office Mr. Romo is a founding member of PIMCO Juntos and serves on the steering committee. He is also a standing member of the emerging markets portfolio committee (EMPC). Prior to joining PIMCO in 2011, Mr. Romo was a Vice President in the emerging markets trading group at Citigroup, focusing on trading hard currency bonds and credit default swaps in Latin America. He was previously an analyst at Sandell Asset Management in New York. He also served as Vice President for Morgan Stanley, where he was a trader and a strategist for local currency, local rate and credit derivatives in emerging markets. He began his career as a civil engineer in Mexico. He has 19 years of investment and financial services experience and holds master’s degrees in financial engineering from Columbia University and civil engineering from Stanford University. He received a bachelor’s degree in civil engineering from Universidad Iberoamericana in Mexico City.
Yacov Arnopolin   (2017-05-01)
Yacov Arnopolin is responsible for the portfolio advisory services provided to the Desjardins SocieTerra Emerging Markets Bond Fund. Mr. Arnopolin is an executive vice president and portfolio manager in the New York office. He is co-chair of the Emerging Markets Portfolio Committee (EMPC). Prior to joining PIMCO in 2016, Mr. Arnopolin served as a managing director overseeing emerging market fixed income portfolios at Goldman Sachs Asset Management. He holds a bachelor's degree in economics from Carnegie Mellon University.
Pramol Dhawan   (2019-06-12)
Pramol Dhawan is Managing Director, PIMCO. Mr. Dhawan is a portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2013, he was a managing director and head of emerging markets trading for Americas at Société Générale in New York. He was previously based in London where he headed the Central and Eastern Europe emerging markets team for the firm. Additionally, he was a management consultant at Accenture. He has investment experience since 2004 and holds an undergraduate degree in computer science and management studies from the University of Nottingham.
Investment Advisor(s)
Pacific Investment Management Company, LLC
Issuer
PIMCO
Subadvisor(s)
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Show Data Definitions

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