|By Marketwired .||
|July 11, 2014 04:31 PM EDT||
NEWPORT BEACH, CA -- (Marketwired) -- 07/11/14 -- PIMCO, a leading global investment management firm, announces that its assets under management increased to $1.97 trillion at the end of the second quarter, up from $1.94 trillion at March 31. Assets under management are up $53.2 billion year-to-date through June 30, 2014, up from $1.916 trillion as of December 31, 2013.
PIMCO's second quarter AUM increase was the result of market performance and PIMCO's alpha generation. Of the $1.97 trillion AUM at June 30, third-party client assets accounted for $1.55 trillion, up from $1.54 trillion at March 31.
"PIMCO continues to deliver what our clients have come to expect from us over the last 43 years -- alpha generation and robust risk management, backed by insightful investment commentary," said PIMCO Managing Director and Chief Executive Officer Douglas Hodge.
In core bond strategies, PIMCO's Total Return Fund, Institutional Share Class, has outperformed its benchmark and the majority of its competitors over the last 3, 5 and 10 years and continues its long-term track record of outperforming 96% of its peers over the last 15 years, according to Morningstar. For the second quarter of 2014, the Fund delivered 2.37% in returns (net of fees).
Overall, 81% of PIMCO's assets under management have outperformed their benchmark on a trailing 12-month basis; 86% have outperformed their benchmark on a trailing 3-year basis; and 94% have outperformed their benchmark on a trailing 5-year basis (before fees).
"While performance matters, repeating it matters more. We remain intensely focused on our mission of managing risk and delivering returns for our clients," added Mr. Hodge.
Total Return Fund Performance (net of fees as of 30 June 2014)
----------------------------------------------------------- Fund/Benchmark 1 Year 3 Year 5 Year 10 Year ----------------------------------------------------------- PIMCO Total Return Fund 4.88% 4.32% 6.39% 6.37% ----------------------------------------------------------- Barclays U.S. Aggregate Index 4.37% 3.66% 4.85% 4.93% ----------------------------------------------------------- Alpha 0.51% 0.66% 1.54% 1.44% -----------------------------------------------------------
Institutional Share Class, inception date 11 May 1987. Total expense ratio 0.46.
Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown. For performance current to the most recent month-end, visit www.PIMCO.com/investments or call 888.87.PIMCO.
PIMCO is a leading global investment management firm, with offices in 13 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Data is as of 30 June 2014, unless otherwise stated.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund's prospectus and summary prospectus, if available, which may be obtained by contacting your PIMCO representative. Please read them carefully before you invest or send money.
Past rankings are no guarantee of future rankings. Morningstar Ranking as of 30 June 2014 for the Institutional Class Shares; other classes may have different performance characteristics. Morningstar Category: Intermediate-Term Bond. Morningstar ranking data: 1 Yr. 532 out of 1053 funds rated; 3 Yrs. 381 out of 931 funds rates; 5 Yrs. 312 out of 797 funds rated; 10 Yrs. 31 out of 576 funds rated, and; 15 Yrs. 12 out of 329 funds rated. The Morningstar Rankings are calculated by Morningstar and are based on the total return performance, with distributions reinvested and operating expenses deducted. Morningstar does not take into account sales charges.
After fees, 72% of PIMCO's assets under management have outperformed their benchmark on a trailing 12-month basis; 75% have outperformed their benchmark on a trailing 3-year basis; and 92% have outperformed their benchmark on a trailing 5-year basis.
The performance figures presented reflect the total return performance for the Institutional Class shares (after fees) and reflect changes in share price and reinvestment of dividend and capital gain distributions. All periods longer than one year are annualized.
Funds typically offer different share classes, which are subject to different fees and expenses (which may affect performance), having different minimum investment requirements and are entitled to different services.
Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market's perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.
Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar- denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.
This material contains the current opinions of the author and not necessarily PIMCO and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2014, PIMCO
PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a company of PIMCO.
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