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.
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 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.