PIMCO Credit Absolute Return Fund Institutional (PCARX)

10.77
Net Asset Value
+0.09%
1 Day
+2.57%
Year-to-Date
Overall Morningstar Rating
Nontraditional bond
Style or Category
No Load
Sales Expenses
0.90%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund invests at least 80% of its 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 may invest in both investment grade and high yield securities ("junk bonds") subject to a maximum of 50% of its total assets in securities rated below B- Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.

Performance

1 month0.00% 3 years--
3 months+1.49% 5 years--
1 year+4.51% Since inception+4.68%
Data through --

Peer Comparisonvs. Nontraditional bond

 PCARXCategory
Performance 5-yr return--+6.00%
Expense ratio0.90%1.37%
Risk 5 year sharpe ratio--1.48
Net assets$2.7B$1.8B
Average market cap$28.8B$37.6B
Average P/E19.811.8
Portfolio turnover318%318%

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Fund Management and Purchase Info

Fund familyPIMCO
Fund manager & tenureMark Kiesel / 2 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income57.07%
Cash39.26%
U.S. stock3.15%
Other0.52%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Irs Usd 2.000 06/18/14-5y Cme13.62%
-- 5 Year US Treasury Note Future June146.85%
-- NYSE/Liffe 10 Year US Treasury Note Future June146.32%
-- Irs Usd 3.000 06/18/14-10y Cme5.11%
-- Irs Eur 2.000 09/17/14-10y Cme2.53%
-- Cdx Itraxx Xov20 5y Bp Ice2.21%
-- Irs Usd 3.750 06/18/14-30y Cme1.69%
-- US Treasury Note 2.75%1.61%
-- Irs Mxn R 5.750 06/17/13-5y* Jpm1.24%
-- Upc Holding Bv Snr Se Sp Brc1.19%

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