About PELCX
PIMCO Emerging Markets Local Currency and Bond Fund Class C is a mutual fund that primarily invests in fixed income securities issued by entities in emerging market countries. Its principal objective is to achieve maximum total return while emphasizing capital preservation and sound risk management. The fund devotes at least 80% of its assets to bonds and other fixed income instruments denominated in, or tied to, the local currencies of emerging markets, providing exposure to a broad array of geographies and sectors across Latin America, Eastern Europe, Africa, the Middle East, and Asia. By focusing on local currency bonds, the fund allows investors to participate in both the interest rate and currency dynamics of developing economies, which can be distinct from those found in more established markets. Managed by PIMCO, a firm known for its expertise in fixed income, the fund serves investors seeking diversification and potential income opportunities within global emerging markets, with a monthly dividend payout structure supporting regular income generation.
Fund Family PIMCO
Category Emerging-Markets Local-Currency Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PELCX
Share Class Class C
Index Index is not available on Lipper Database
PELCX had a total return of 8.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.25%.
