About PTLNX
PIMCO Low Duration Fund Class I-3 is a mutual fund that seeks maximum total return, consistent with preservation of capital and prudent investment management. It achieves this objective by investing under normal circumstances at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. These instruments primarily include bonds, debt securities, and other similar obligations, focusing on high-quality, shorter-term bonds to provide broad market exposure with lower sensitivity to interest rate fluctuations, reduced credit risk, and overall lower volatility compared to longer-duration strategies. The fund invests across global bond sectors, including U.S. government securities, agency mortgage-backed securities, investment grade corporate credit, and asset-backed securities, with flexibility to rotate sectors based on market opportunities. It emphasizes a tactical approach to credit exposures and aims to capitalize on themes like bank de-leveraging by moving up in credit quality while picking up spread. Primarily targeting investment grade securities, it may allocate up to 10% to high yield bonds. Managed by PIMCO, a leading fixed income investment firm founded in 1971 and headquartered in Newport Beach, California, this fund appeals to conservative investors seeking income generation alongside downside protection in volatile interest rate environments.
Fund Family PIMCO
Category Short-Term Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PTLNX
Share Class I-3
Index ICE BofA Treasury 1-3 Year TR
PTLNX had a total return of 2.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.99%.
