About PELAX
PIMCO Emerging Markets Local Currency and Bond Fund Class A is a mutual fund specializing in emerging market fixed income securities. This fund primarily seeks to achieve maximum total return while emphasizing the preservation of capital and prudent investment management. It invests at least 80% of its assets in currencies of, or in fixed income instruments denominated in the currencies of, emerging market countries; these holdings can include sovereign, quasi-sovereign, and corporate debt, and may be represented through forwards or derivatives such as options, futures, or swaps. The fund is non-diversified, allowing for focused positions in select issuers or markets, and it is managed by PIMCO, a firm globally recognized for its expertise in bond markets. Within the broader financial sector, this fund plays a significant role by offering investors exposure to emerging market local debt, which tends to provide diversification benefits and the potential for higher yields compared to developed market bonds. The fund distributes income monthly and is geared toward investors seeking emerging market currency and interest rate exposure as part of a broader fixed income allocation.
Fund Family PIMCO
Category Emerging-Markets Local-Currency Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PELAX
Share Class Class A
Index Index is not available on Lipper Database
PELAX had a total return of 2.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.25%.
