About PFORX
PIMCO International Bond Fund (U.S. Dollar-Hedged) Institutional Class is a mutual fund that seeks maximum total return, consistent with preservation of capital and prudent investment management. It primarily invests at least 80% of its assets in investment grade fixed income instruments issued by governments, government-related entities, and corporations located in at least three countries outside the United States. The fund maintains an average portfolio duration typically between 3 and 7 years and employs a U.S. dollar-hedging strategy to mitigate currency risk associated with foreign bond exposures. This approach allows flexibility in sector, country, and yield-curve positioning, guided by top-down macroeconomic views from PIMCO's investment committee. Notable features include moderate allocations to below-investment-grade debt up to 10%, potential emerging markets exposure without formal limits, and holdings in developed-market sovereign bonds, mortgage-backed securities, and derivatives for interest rate and currency management. Managed by an experienced team including lead manager Andrew Balls, comanagers Sachin Gupta and Lorenzo Pagani, the fund is benchmarked against the Bloomberg Global Aggregate ex-USD Index, playing a key role in providing diversified international fixed income opportunities with controlled volatility for institutional investors.
Fund Family PIMCO
Category World Bond-USD Hedged
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PFORX
Share Class Institutional
Index Bloomberg Global Aggr ex-USD Hedged TR
PFORX had a total return of -0.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.44%.
