About PFUIX
PIMCO International Bond Fund (Unhedged) Institutional Class is an actively managed mutual fund specializing in global fixed income securities. Its primary aim is to maximize total return while preserving capital and maintaining prudent investment management standards. The fund allocates at least 80% of its assets to fixed income instruments that are economically tied to at least three non-U.S. countries, offering broad exposure to international bond markets without hedging currency risk. This unhedged strategy allows investors to benefit—or lose—from foreign currency movements relative to the U.S. dollar.
Focusing predominantly on investment-grade securities, the fund may also diversify across different credit qualities and regions, including developed and some emerging markets. With over 1,100 holdings as of the latest reporting, the portfolio features a blend of government, securitized, and derivative positions, as well as exposure to a range of interest rates and yield curves globally.
Designed for institutional investors, it requires a minimum investment of $1,000,000 and maintains an expense ratio of approximately 0.77%. The fund is notable for its robust management team, disciplined process, and competitive cost structure within the global bond category, making it a significant vehicle for institutional investors seeking international bond diversification without currency hedging.
Fund Family PIMCO
Category World Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PFUIX
Share Class Institutional
Index Bloomberg Global Aggregate ex U.S. TR
PFUIX had a total return of -3.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.73%.
