Fund Facts  

Inception Date: May 11, 1987
CUSIP: 693390700
Ticker Symbol: PTTRX
Morningstar Category:Intermediate-Term Bond
As of May 31, 2017
Fund Net Assets ($millions) $73,784

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.

Principal Investment Strategies  

The fund invests 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. It may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
PIMCO Total Return Instla1.80%3.46%2.17%2.58%2.76%5.94%7.39%
Bloomberg Barclays U.S. Agg Bond Indexa,b1.45%2.27%-0.31%2.48%2.21%4.48%N/A
Morningstar Intermediate-Term Bonda,c1.49%2.57%0.94%2.21%2.45%4.30%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa0.47%

An expense waiver or reimbursement is not included due to receipt of incomplete or inconsistent data. For additional information regarding the fund's fees including possible waivers please read the fund's prospectus.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Bloomberg Barclays U.S. Aggregate Bond Index consists of investment-grade U.S. fixed income securities.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2017
Period Stars Category Size
Overall 5 Stars856
3-Year 4 Stars856
5-Year 4 Stars767
10-Year 5 Stars540

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Allocation of Assets As of Mar 31, 2017
Type of Asset Percent
Equity0%
Fixed Income136%
Cash/Other-36%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Mar 31, 2017
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond94.4%
Foreign Bond41.7%
Preferred0.3%
Convertible0.1%
Cash-36.6%
Other0.2%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Mar 31, 2017
SectorPercent
Securitized62.8%
Government45.0%
Corporate25.0%
Municipal1.4%
Derivative-5.4%
Cash & Equivalents-28.9%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Jun 30, 2015
Quality LevelPercent
AAA59.0%
AA10.0%
A11.0%
BBB14.0%
BB2.0%
B1.0%
Below B3.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Mar 31, 2017
Holding NamePercent
US 5 Year Note (CBT) June1736.4%
US 10 Year Note (CBT) June1724.1%
Euro OAT June179.6%
Fin Fut Euribor Ice (Wht) 09/18/178.5%
Euro BUND Future June178.4%
FNMA7.3%
Fin Fut Euro$ Cme (Wht) 12/18/177.1%
FNMA5.7%
IRS USD 2.25000 12/16/15-7Y LCH_Pay5.2%
IRS USD 1.25000 06/21/17-2Y CME_Pay5.2%
 

Statistics

Duration and Maturity As of Jun 30, 2015
StatisticValue
Average Effective Duration5.73 years
Average Effective Maturity7.56 years
Portfolio Statistics As of Jun 30, 2017
Statistic3-Year5-Year
Beta0.991.08
Alpha0.140.38
Standard Deviation3.283.46
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.