Monthly Income Fund (Canada)

Fund Code: PMO005

Updated 13 December 2018

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  • DAILY NAV (CAD)
    13.82
  • DAILY YTD RETURN
    -0.46%
  • TOTAL NET ASSETS (CAD)
    17,151 MM
    (as of 30-11-2018)
  • TOTAL NET ASSETS (CAD)
    17,151 MM
    (as of 30-11-2018)
  • CLASS
    Fixed Income
  • Series Inception Date
    20-01-2011
  • CLASS
    Fixed Income
  • Series Inception Date
    20-01-2011

Objective

Seeks maximum current income consistent with preservation of capital and prudent investment management.

Primary Portfolio

Primarily non-Canadian dollar Fixed Income instruments of varying maturities

Overview

Fund Overview

The PIMCO Monthly Income Fund (Canada) may be an attractive option for income-oriented investors who seek a bond investment offering the potential for a relatively high and consistent stream of income with an emphasis on high-quality fixed income securities. The Fund is actively managed in an effort to maximize current income while maintaining a relatively low risk profile, with a secondary goal of capital appreciation.

Why Invest in This Fund?

Pursues income across global fixed-income sectors

The global economic landscape is constantly changing, causing different bond sectors to go in and out of favor. This Fund’s multi-sector approach allows it to seek out the best income-generating ideas in any given market climate, targeting multiple sources of income from a global opportunity set.

An explicit mandate to avoid concentrated risk

Rather than pursue only the highest income streams from potentially risky securities, the Fund seeks high and consistent dividend income from diversified sources. To maintain its higher average credit quality, the Fund limits below-investment-grade holdings to 50%. Of course, its investments in fixed-income securities will fluctuate in value in response to interest rate changes; rising rates will cause fixed-income securities held by the Fund to decrease in value.

Access to proven expertise

PIMCO has been actively managing income-producing securities for more than 30 years and is recognized as one of the world’s premier bond managers. Known for our innovative philosophy, proven expertise, extensive resources and experienced managers, we have dedicated specialists in virtually every sector of global fixed income.

PIMCO Investment Philosophy and Process

Founded on the principle of diversification, PIMCO believes no single strategy should dominate returns. The firm’s investment process utilizes both top-down and bottom-up approaches to selecting investments with the goal of combining perspectives from an economic, big-picture standpoint (top-down) and security level (bottom-up) to in an effort to consistently add value over time within acceptable levels of portfolio risk. The investment management team evaluates the following:

Top-down strategies –which focus on duration, yield curve positioning, volatility and sector rotation. These strategies are driven by our secular outlook of the forces likely to influence the economy and financial markets over the next three to five years as well as our cyclical views over a six to nine month time horizon.

Bottom-up strategies – these drive our security selection process and facilitate the identification and analysis of undervalued securities. Here, we employ advanced proprietary analytics and expertise in all major fixed income sectors.

PRIMARY BENCHMARK

Bloomberg Barclays U.S. Aggregate Index (CAD Hedged)

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays U.S. Aggregate Index (CAD Hedged) represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.

DISTRIBUTION FREQUENCY

Monthly with Daily Accrual

SERIES INCEPTION

20-01-2011

Managers

Alfred T. Murata

Portfolio Manager, Mortgage Credit

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Daniel J. Ivascyn

Group Chief Investment Officer

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Joshua Anderson

Head of Global ABS Portfolio Management

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Distributions

Historical Prices & Distributions

Latest Distributions ($/Share)1 as of 30-11-2018 (CAD) 0.0436
Distribution (YTD) 2 as of 30-11-2018 (CAD) 0.4565
Yields & Distributions Footnotes & Disclosures

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 1.25%
Management Expense Ratio (%)4 1.38%

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 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 13-12-2018

NAV $13.82 One Day Return 0.10%
Daily Change $0.01 Daily YTD Return -0.46%
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