Past performance is not a guarantee or a reliable indicator of future
results.
All investments
contain risk and may lose value. Investing in the bond
market is subject to risks, including market, interest rate, issuer,
credit, inflation risk, and liquidity risk. The value of most bonds and
bond strategies are impacted by changes in interest rates. Bonds and bond
strategies with longer durations tend to be more sensitive and volatile
than those with shorter durations; bond prices generally fall as interest
rates rise, and the current low interest rate environment increases this
risk. Commodities contain heightened risk including
market, political, regulatory, and natural conditions, and may not be
suitable for all investors. Derivatives and
commodity-linked derivatives may involve certain costs and risks such as
liquidity, interest rate, market, credit, management and the risk that a
position could not be closed when most advantageous. Commodity-linked derivative instruments may involve
additional costs and risks such as changes in commodity index volatility or
factors affecting a particular industry or commodity, such as drought,
floods, weather, livestock disease, embargoes, tariffs and international
economic, political and regulatory developments. Investing in derivatives
could lose more than the amount invested. Currency rates
may fluctuate significantly over short periods of time and may reduce the
returns of a portfolio. Equities may decline in value due
to both real and perceived general market, economic and industry
conditions. Investing in foreign denominated and/or domiciled securities may
involve heightened risk due to currency fluctuations, and economic and
political risks, which may be enhanced in emerging markets. The use of
models to evaluate securities or securities markets based on certain
assumptions concerning the interplay of market factors, may not adequately
take into account certain factors, may not perform as intended, and may
result in a decline in the value of an investment, which could be
substantial.
There is no guarantee that these investment strategies will work under all
market conditions or are suitable for all investors and each investor
should evaluate their ability to invest long-term, especially during
periods of downturn in the market. No representation is being made that any
account, product, or strategy will or is likely to achieve profits, losses,
or results similar to those shown.
This material has been distributed for informational purposes only and
should not be considered as investment advice or a recommendation of any
particular security, strategy or investment product. Information contained
herein has been obtained from sources believed to be reliable, but not
guaranteed. No part of this material may be reproduced in any form, or
referred to in any other publication, without express written permission.
PIMCO is a trademark of Allianz Asset Management of America L.P. in the
United States and throughout the world. ©2017, PIMCO.