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Managed Conservative Bond Pool

Fund Code: PMO014

Updated 23 April 2024

Monthly Fact Card Monthly Commentaries

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  • DAILY NAV (CAD)
    8.96
  • DAILY YTD RETURN
    0.49%
  • TOTAL NET ASSETS (CAD)
    102 MM
    (as of 31-03-2024)
  • TOTAL NET ASSETS (CAD)
    102 MM
    (as of 31-03-2024)
  • CLASS
    Fixed Income
  • Series Inception Date
    14-02-2020
  • CLASS
    Fixed Income
  • Series Inception Date
    14-02-2020

Objective

To achieve maximum total return, consistent with preservation of capital and prudent investment management.

Primary Portfolio

Primarily mutual funds managed by PIMCO Canada, emphasizing mutual funds that invest in fixed-income securities.

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Overview

Fund Overview

The PIMCO Managed Conservative Bond Pool follows PIMCO’s forward-looking investment process to balance the trade-offs offered by today’s market with an emphasis on shorter term strategies to help preserve capital and reduce volatility. The Pool offers access to PIMCO in one-ticket and can serve as a core fixed income holding, delivering globally diversified bond strategies managed by one of the largest active fixed income managers in the world. The Fund allocates and rebalances across the underlying funds based on PIMCO’s assessment of the fixed income markets and the underlying funds’ ability to help the Fund meet its stated investment objectives.

Why Invest In This Fund

Ease of use

The PIMCO Managed Conservative Bond Pool can serve as a core holding for an investors fixed income needs, serving as an attractive option for those looking to invest in a diversified portfolio of fixed-income securities seeking a combination of income and growth. Available as both a mutual fund and ETF, the Pool is a cost efficient option for bulk trading.

Sophisticated approach

Backed by PIMCO’s fixed income expertise and time-tested approach, the Pool draws on PIMCO’s sourcing relationships and deep global resources. Allocations reflect PIMCO’s forward-looking views driven by our time-tested investment process that has driven our investment decisions for decades. By combining our top-down global outlook with extensive bottom-up security analysis and risk management, PIMCO’s investment process has provided valuable insights into economic and market developments and has helped enable us to anticipate major inflection points.

Global opportunity set

The global economic landscape is constantly changing, causing different bond sectors to go in and out of favor. By allocating across a broad, diversified mix of geographies and fixed income sectors, the PIMCO Managed Conservative Bond Pool seeks to improve portfolio outcomes across market environments.

PRIMARY BENCHMARK

Bloomberg Global Aggregate 1‑3 Year Bond Index (CAD Hedged)

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Global Aggregate 1-3 Year Bond Index (CAD Hedged) is a measure of investment grade debt with maturity of 1-3 years. This benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. It is not possible to invest directly in an unmanaged index.

DISTRIBUTION FREQUENCY

Quarterly

SERIES INCEPTION

14-02-2020

Managers

Emmanuel S. Sharef

Portfolio Manager, Asset Allocation and Multi Real Asset

View Profile for Emmanuel S. Sharef

Erin Browne

Portfolio Manager, Asset Allocation

View Profile for Erin Browne

Distributions

Historical Prices & Distributions

Latest Distributions ($/Unit)1 as of 28-03-2024 (CAD) 0.1011
Distribution (YTD) 2 as of 28-03-2024 (CAD) 0.1011

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 1.09%
Management Expense Ratio (%)4 1.20%

disclosures

3The Annual Management Fee is used to pay for investment management services and general administration of the fund, this fee does not include taxes.
4As of 12/31/2023. 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 23-04-2024

NAV $8.96 One Day Return 0.08%
Daily Change $0.01 Daily YTD Return 0.49%

All data as of

All data as of

​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

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.​
© 2023 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.

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Disclosures

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available on pimco.ca or from your Financial Advisor.
The funds invest in other PIMCO funds and performance is subject to underlying investment weightings which will vary. 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 low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Commodities contain heightened risk, including market, political, regulatory and natural conditions, and may not be suitable for all investors. 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. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in distressed companies (both debt and equity) is speculative and may be subject to greater levels of credit, issuer and liquidity risks, and the repayment of default obligations contains significant uncertainties; such companies may be engaged in restructurings or bankruptcy proceedings. Entering into short sales includes the potential for loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the portfolio. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. 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. Investing in derivatives could lose more than the amount invested. Management risk is the risk that the investment techniques and risk analyses applied by PIMCO will not produce the desired results, and that certain policies or developments may affect the investment techniques available to PIMCO in connection with managing the strategy. The cost of investing in the Fund will generally be higher than the cost of investing in a fund that invests directly in individual stocks and bonds. The Fund is non-diversified, which means that it may concentrate its assets in a smaller number of issuers than a diversified fund.

This material contains the current opinions of the manager and such opinions are subject to change without notice. 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.


The Funds offer different series, which are subject to different fees and expenses (which may affect performance), having different minimum investment requirements and are entitled to different services


The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.


PIMCO Canada Corp, 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350