Unconstrained Bond Fund (Canada)

Fund Code: PMO009

Updated 01 April 2020

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  • DAILY NAV (CAD)
    9.26
  • DAILY YTD RETURN
    -8.83%
  • TOTAL NET ASSETS (CAD)
    156 MM
    (as of 31-03-2020)
  • TOTAL NET ASSETS (CAD)
    156 MM
    (as of 31-03-2020)
  • CLASS
    Fixed Income
  • Series Inception Date
    30-09-2014
  • CLASS
    Fixed Income
  • Series Inception Date
    30-09-2014

Objective

Seeks maximum long-term return, consistent with preservation of capital and prudent investment management.

Primary Portfolio

The average portfolio duration of this Fund will normally vary from (negative) 3 years to positive 8 years.

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Overview

Fund Overview

An absolute return-oriented bond fund

PIMCO Unconstrained Bond Fund (Canada) takes a flexible approach to capturing global opportunities and managing risk. It strives to actively mitigate downside risk, provide attractive risk-adjusted returns and preserve the diversification benefits of a traditional fixed income portfolio.

Why Invest in This Fund?

Tactically allocated across a global opportunity set

By removing benchmark constraints, the fund gains significant latitude to tap into credit, interest rate, volatility and currency opportunities across global sectors and regions.

Absolute return focus

The fund’s defensive capabilities and wide duration range (-3 to +8 years) help it to achieve positive returns across a wide range of market environments.

A unique portfolio complement

The fund seeks to provide many of the benefits associated with core bond funds – such as capital preservation, liquidity and diversification – while achieving positive absolute returns over full market cycles. Although this strategy may enhance performance, particularly during market declines, it may lag during strong up markets.

Our Expertise

The fund’s expert portfolio management team - Marc Seidner is CIO of Non-traditional Strategies, Ed Devlin is a managing director and head of Canadian portfolio management, and Mohit Mittal is a managing director and member of PIMCO’s Americas Portfolio Committee - is supported by the full spectrum of PIMCO’s global resources and our four decades of active bond management experience.​​

PRIMARY BENCHMARK

3‑Month CDOR

PRIMARY BENCHMARK DESCRIPTION

The 3-month CDOR is the average bid-side rate for Canadian bankers acceptances determined daily from a survey of market makers and can be used as a proxy for the cost of 3-month bank funding. It does not reflect deductions for fees, expenses or taxes. It is not possible to invest directly in an unmanaged index.

DISTRIBUTION FREQUENCY

Quarterly

SERIES INCEPTION

30-09-2014

Managers

Ed Devlin

Head of Canadian Portfolio Management

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Mohit Mittal

Portfolio Manager, Liability Driven Investment and Credit

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Marc P. Seidner

CIO Non-traditional Strategies

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Distributions