Fund Facts  

Inception Date: Feb 28, 2006
Ticker Symbol: PFUUX
Morningstar Category:World Bond
As of May 31, 2016
Fund Net Assets ($millions) $1,249

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 80% of its assets in Fixed Income Instruments that are economically tied to foreign (non-U.S.) countries, representing at least three foreign countries, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities. The fund may also invest up to 10% of its total assets in preferred stocks.

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, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
PIMCO Foreign Bond (Unhedged)a3.56%10.92%8.52%2.31%1.30%5.12%5.23%
Barclays Global Aggregate Ex USD Bond Indexa,b3.40%11.94%11.24%1.85%0.35%3.83%N/A
Morningstar World Bonda,c2.25%6.61%4.77%2.08%1.91%4.46%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 Expensesa0.79%

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., © 2016 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 Barclays Global Aggregate Ex US Bond Index consists of global investment-grade fixed income securities excluding US Dollar denominated debt.

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 Rating   As of Jun 30, 2016
Period Stars Category Size
Overall 3 Stars329
3-Year 3 Stars329
5-Year 3 Stars253
10-Year 3 Stars152

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Allocation of Assets As of Mar 31, 2016
Type of Asset Percent
Equity1%
Fixed Income130%
Cash/Other-31%

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

 
 

Characteristics

Allocation of Assets As of Mar 31, 2016
Asset ClassPercent
Domestic Stock0.6%
Foreign Stock0.0%
Domestic Bond55.7%
Foreign Bond74.6%
Preferred0.0%
Convertible0.0%
Cash-38.0%
Other7.1%

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

 
Fixed Income Sector As of Mar 31, 2016
SectorPercent
Government88.8%
Derivative44.6%
Securitized18.2%
Corporate13.4%
Municipal1.1%
Cash & Equivalents-74.9%

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
AAA38.0%
AA27.0%
A6.0%
BBB21.0%
BB3.0%
B1.0%
Below B4.0%
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, 2016
Holding NamePercent
Fin Fut Us 10yr Cbt 06/21/1617.7%
Irs Usd 2.25000 06/15/16-10y Cme16.3%
Fin Fut Euro-Bobl 5y Eux 06/08/1613.0%
Japanese Govt Bond (20y) #15010.6%
Irs Eur 0.00000 09/21/16-5y Cme10.3%
Irs Jpy 0.15000 03/22/16-2y Cme9.5%
Irs Usd 2.00000 06/15/16-7y Lch9.0%
Irs Gbp 1.25000 09/21/16-5y Cme8.3%
Cdx Ig25 5y Ice8.1%
Fin Fut Euro-Oat Eux 10yr 06/08/167.8%
 

Statistics

Duration and Maturity As of Jun 30, 2015
StatisticValue
Average Effective Duration7.59 years
Average Effective Maturity10.70 years
Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
Beta0.890.97
Alpha0.211.02
Standard Deviation6.726.93
 
 

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 © 2016 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.