Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. A negative value for Undistributed Net Investment Income represents the potential for a ROC on an estimated tax basis. Because the distribution rate may include a ROC, it should not be confused with yield or income. Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. PIMCO has been actively managing income-producing securities since the firm’s founding in 1971.The firm’s innovative investment process is designed to add value for clients by marrying a top-down, global macroeconomic outlook with bottom-up analysis from one of the industry’s most experienced research teams.ĭistribution rates are not performance and are calculated by annualizing the most recent distribution per share and dividing by the NAV or Market Price as of the reported date. The fund will normally maintain an average portfolio duration of between zero and eight years. The Fund may normally invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. The fund will normally invest at least 25% of its total assets in privately issued (commonly known as “non-agency”) mortgage-related securities. The fund’s investment universe includes mortgage-backed securities, investment grade and high yield corporates, developed and emerging markets corporate and sovereign bonds, other income-producing securities and related derivative instruments. The fund normally invests worldwide in a portfolio of debt obligations and other income-producing securities of any type and credit quality, with varying maturities and related derivative instruments. Offering access to PIMCO’s best income-generating ideas across multiple global fixed income sectors, the multi-sector fund seeks current income as a primary objective and capital appreciation as a secondary objective.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |