About PLDTX
PIMCO Low Duration Fund II Institutional Class is an actively managed open-end mutual fund focused on short‑maturity, high‑quality fixed income. It seeks maximum total return consistent with capital preservation by maintaining a low interest‑rate sensitivity profile and emphasizing diversified exposure across government securities, agency mortgages, and investment‑grade corporates, with selective use of futures and modest allocations to spread sectors to enhance carry and liquidity management. The strategy typically keeps effective duration in the short‑term range relative to a broad bond benchmark, aiming to dampen volatility while providing income and defensive characteristics during rate cycles. Portfolio positioning often includes U.S. Treasuries, agency mortgage‑backed securities, and tactical derivative overlays to fine‑tune duration and curve exposure, reflecting PIMCO’s macro‑driven, risk‑managed approach. Within the market, the fund serves institutions and sophisticated investors seeking a core short‑duration anchor for cash segmentation, collateral pools, or liability‑aware allocations, balancing liquidity, quality, and measured credit risk under a disciplined process supported by PIMCO’s global fixed‑income platform.
Fund Family PIMCO
Category Short-Term Bond
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PLDTX
Share Class Institutional
Index ICE BofA Treasury 1-3 Year TR
PLDTX had a total return of 5.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.86%.
