PIMCO Thought Leadership
Series of videos on our full range of ETF vehicles
Dividends and Distributions, Tax Information, Holdings, Prospectuses, Reports and Other Information
As of 10/1/2014
As of 9/30/2014
Call us at 888.400.4ETF (4383) if you have questions or would like additional information about PIMCO ETFs.
The PIMCO Diversified Income Exchange-Traded Fund (Ticker: DI) is an actively managed portfolio that provides comprehensive exposure to the global credit markets within a single investment. The fund employs PIMCO’s time-tested investment process, which combines top-down and bottom-up strategies, allowing investors to make a strategic decision to invest in global credit while placing the tactical sector, country, industry and issuer decisions with PIMCO. DI’s investment universe spans a range of credit sectors, including global investment grade and high yield corporates, emerging market debt and other global credit instruments. The fund aims to control downside risk by investing in a highly diversified portfolio of credits which have been carefully screened by PIMCO’s global team of more than 55 credit analysts. The fund may not use options, futures or swaps.
Curtis A. Mewbourne
Mr. Mewbourne is a managing director and head of portfolio management in the New York office. He manages institutional accounts and mutual funds across a wide range of strategies. Prior to joining PIMCO in 1999, he was a bond trader at Salomon Brothers and at Lehman Brothers. He has 22 years of trading and portfolio management experience and holds an engineering degree in computer science from the University of Pennsylvania.
As of 9/30/2014 4:00PM EST
As of 9/30/2014
As of 8/31/2014
As of 9/29/2014
The SEC yield is an annualized yield based on the most recent 30 day period.
In order to provide additional information regarding the intra-day value of shares of the Fund, the NYSE Arca, Inc. or a market data vendor disseminates every 15 seconds through the facilities of the Consolidated Tape Association or other widely disseminated means an updated Indicative NAV (“iNAV”) for the Fund as calculated by an information provider or market data vendor. The Fund is not involved in or responsible for any aspect of the calculation or dissemination of the iNAV and makes no representation or warranty as to the accuracy of the iNAV.
Net Asset Value (NAV) represents an ETFs per-share value. The per-share value of an ETF is calculated by dividing the total value of the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.
The Net Asset Value (NAV), Shares Outstanding and Total Net Assets are calculated as of the close of regular trading on each day that the NYSE Arca is open, and do not reflect security transactions or fund shares created or redeemed on the date stated. Such transactions are recorded on the next business day and reported on the website the following business day.
Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 pm Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times.
A word about risk: Investing in the bond market is subject to certain risks, including market, interest rate, issuer, credit and inflation risk; investments may be worth more or less than the original cost when redeemed. 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. Mortgage- and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and while generally supported by a government, government-agency or private guarantor, there is no assurance that the guarantor will meet its obligations. 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. The value of most bond strategies and fixed income securities are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rates rise.
Barclays Global Credit Hedged USD contains investment grade and high yield credit securities from the Multiverse represented in US Dollars on a hedged basis, (Multiverse is the merger of two groups: the Global Aggregate and the Global High Yield). It is not possible to invest directly in an unmanaged index.
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