PIMCO Unconstrained Bond Fund (PUBAX)

PIMCO Unconstrained Bond Fund (Ticker: PUBAX) is part of taxable bond fund. It invests in nontraditional bonds and provides regular income for investors.

PIMCO Unconstrained Bond A (Ticker: PUBAX)

The PIMCO Unconstrained Bond fund aim is to achieve maximum long-term return, consistent with capital preservation and prudent investment management. The mutual fund invests majority of its assets (>80%) in a diversified portfolio of both investment-grade securities and high yield securities (“Junk bonds”). The fund’s NAV is $11.68 (as of 12/2/2012).

Fund Details
    PIMCO Unconstrained Bond Fund
  • Fund Inception Date: 06/29/2008
  • Ticker Symbol: PUBAX
  • CUSIP: 72201M479
  • Beta (3yr): 0.31
  • Rank in category (YTD): 29%
  • Category: Nontraditional Bond
  • Yield: 1.94%
  • Capital Gains: 0%
  • Expense Ratio: 1.30%
  • Net Assets: $ 15.08 billion
  • Number of Years Up: 3 years
  • Number of Years Down: 0 years
  • Effective duration: 0.24 years
  • Effective maturity: -0.37 years
  • Annual Turnover Rate: 1,001%
Updated on 12/28/2012

The portfolio manager of this PIMCO fund is Chris P. Dialynas. He started managing it since its inception in June 2008. The fund’s expense ratio is 1.30% per year. This PUBAX fund also has 0.25% management fee and 3.75% front-end sales load fee. The total net assets are $ 15.08 billion. This best rated bond fund also has a dividend yield of 1.94%. The annual holdings turnover as of September 2012 is quite high 1,001.00% compared to the category average, 168.97%. The fund’s average duration is 0.24 years.

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This Nontraditional Bond fund has been rated with 3-stars rating by Morningstar. It also has Bronze rating. Since its inception, this fund has always recorded in positive return. The best 1-year total return was recorded in 2009 with 12.64%. It has returned 3.44% over the past 3-years and 2.85% over the past year. The fund’s benchmark is Lipper Absolute Return Funds Average. The other classes of this fund are Class C (PUBCX) and Institutional Class (PUBRX).

You will need $1,000 minimum initial investment to invest in this fund in regular brokerage account. There is currently no retirement (IRA) account available. There are around 68 brokerages which offer this PIMCO fund, such as Firstrade, Vanguard, JP Morgan, Ameriprise Brokerage, Fidelity Retail Funds Network, Raymond James, JP Morgan, Merrill Edge, etc.

Investing in mutual fund involves risks. The principal investment risks include interest rate risk, credit risk, high yield risk, market risk, issuer risk, liquidity risk, derivatives risk, equity risk, mortgage-related and other asset-backed risk, foreign (non.U.S) investment risk, Emerging markets risk, currency risk, Leveraging risk, management risk, short sale risk, etc.

Disclosure: No Position

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