Balanced Income Fund (Canada)

Fund Code: PMO2410

Updated 17 July 2018


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    96 MM
    (as of 30-06-2018)
    96 MM
    (as of 30-06-2018)
    Multi Asset
  • Series Inception Date
    Multi Asset
  • Series Inception Date


The Fund seeks to maximize current income while providing long term capital appreciation.

Primary Portfolio

It invests primarily in a combination of fixed income and equity securities.​


Fund Overview

A balanced approach to income investing

PIMCO Balanced Income Fund (Canada) aims to provide attractive current income as well as capital appreciation over the long term by combining the higher capital appreciation and dividend-paying potential of equities with the lower volatility and attractive income potential of fixed income.

Why Invest in This Fund?

Benefits of a balanced approach

PIMCO’s balanced equity and fixed income strategy strives to provide the attractive return potential of equities with the income and capital preservation potential of fixed income, making it beneficial for investors as a part of a diversified portfolio.

Global and flexible

In an effort to capitalize on changing market conditions, the fund’s investment strategy is global which provides the portfolio management team with considerable flexibility to invest in the best income-generating opportunities across the capital structure, diversified by geography and sector.

Driven by research

For fixed income, PIMCO portfolio managers take a broad-based approach, targeting multiple sources of potential income from an expansive opportunity set across both higher yielding and higher quality bonds. For equities, portfolio managers from Research Affiliates employ a fundamentally-weighted, active global developed equity strategy built on smart beta that seeks higher-yielding companies generating sustainable dividends at attractive valuation.

Industry-leading portfolio management

The fixed income component is managed by PIMCO's Alfred Murata and Dan Ivascyn, both current managers of the Monthly Income Fund (Canada). The equity component is managed by Research Affiliates' Rob Arnott and Chris Brightman, experienced equity investors of the Research Affiliates Equity (“RAE”) strategies. ​


50% MSCI World/50% Global Bloomberg Barclays Aggregate USD Hedged


The benchmark is a blend of 50% MSCI World Index/50% Global Bloomberg Barclays Aggregate USD Hedged. The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of 23 developed market country indices. Bloomberg Barclays Global Aggregate (USD Unhedged) Index provides a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian Government securities, and USD investment grade 144A securities.


Quarterly with Daily Accrual




Alfred T. Murata

Portfolio Manager, Mortgage Credit

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Daniel J. Ivascyn

Group Chief Investment Officer

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Robert Arnott

Founder and Chairman, Research Affiliates

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Christopher J. Brightman

Chief Investment Officer, Research Affiliates

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Historical Prices & Distributions

Latest Distributions ($/Share)1 as of 29-06-2018 (USD) 0.0646
Distribution (YTD) 2 as of 29-06-2018 (USD) 0.1441
Yields & Distributions Footnotes & Disclosures


1Data does not include special cash dividends.
2Data is based on distributions since the most recent calendar year end and does not include special cash dividends.

Fees & Expenses

Management Fee (%)3 1.80%
Management Expense Ratio (%)4 2.03%


3The above noted rates incorporate a reduction to the annual rates of the management fee for the PIMCO Balanced Income Fund (Canada) of 0.15%. When the reduction is no longer in effect, the management fee for the PIMCO Balanced Income Fund (Canada) will be: Series A (2.05%), Series O (1.95%), Series F (1.05%), and Series M (0.95%). At minimum, the reduction will be in effect until July 1, 2018, and may be renewed in our sole discretion.
4As of 31/12/2017. Management expense ratio is based on total expenses which includes the Management Fee (excluding commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset value during the period.

Prices & Performance

Daily Statistics

All data as of 17-07-2018

NAV $10.69 One Day Return 0.01%
Daily Change $0.00 Daily YTD Return -1.28%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End

All data as of

  • Daily
  • Month End

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. ​​​​​​​

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar Ratings

Prices & Performance Footnotes & Disclosures


A sales communication that includes a rate of return or a mathematical table illustrating the potential effect of a compound rate of return must contain a statement in substantially the following words: “[The rate of return or mathematical table shown] is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of [the investment fund or asset allocation service] or returns on investment [in the investment fund or from the use of the asset allocation service].”

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies.

A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.​

A rating is not a recommendation to buy, sell or hold a fund. © 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Portfolio Composition

All data as of unless otherwise stated

Sector Allocation %

Government Related 47.70 52.68
Mortgage 27.16 21.09
Invest. Grade Credit 7.41 9.65
High Yield Credit 19.23 10.77
Emerging Markets 14.05 5.14
Municipal/Other 0.90 0.34
Net Other Short Duration Instruments5 -16.46 0.33

Maturity %

0-3 mos 0.18
3-6 mos 0.00
6-9 mos 0.00
9-12 mos 0.00
1-3 yrs 16.77
3-5 yrs 21.26
5-10 yrs 71.58
10-20 yrs 0.88
20+ yrs -10.67
Effective Maturity (yrs) 4.52

Duration in Years

Effective Duration (yrs) 3.45

Top Holdings Market Value %

(as of 6/30/2018)

Pfizer Inc 1.19
Exxon Mobil Corporation 1.13
HSBC Holdings PLC 1.09
International Business Machines Corporation 1.06
American International Group Inc 0.79
Walmart Inc (Aka Wal-Mart Stores Inc) 0.79
Royal Dutch Shell Plc 0.76
Verizon Communications Inc 0.76