PIMCO Long-Term US Government Fund (PFGAX)

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PIMCO Long-Term US Government Fund focuses its investment in U.S. government bonds. It currently has a yield of 2.25%. You can find the fund review in this post.

PIMCO Long-Term US Government Fund (PFGAX)

The investment aim of PIMCO Long-Term US Government Fund is to seek maximum total return, consistent with capital preservation and prudent investment management. The mutual fund utilizes its assets to invest in a diversified portfolio of bonds or debts issued by U.S. government, its agencies or government-sponsored enterprises. It may use options, futures contracts or swap agreements or mortgage- or asset-backed securities.

Fund Details
    PIMCO Long-Term US Government Fund (PFGAX)
  • Fund Inception Date: January 19, 1997
  • Ticker Symbol: PFGAX
  • CUSIP: 693391187
  • Beta (3yr): 3.81
  • Rank in category (YTD): 39%
  • Category: Long Government
  • Distribution Rate: 2.25%
  • Capital Gains: 0%
  • Expense Ratio: 0.82%
  • Net Assets: $ 1.8 billion
  • Number of Years Up: 13 years
  • Number of Years Down: 2 years
  • Effective Duration: 16.46 years
  • Effective Maturity: 22.78 years
  • Annual Turnover Rate: 426%
updated on 3/23/2013

Stephen Rodosky is the current fund manager. He started managing this PIMCO fund since July 2007. Morningstar analysts rank this Long Government mutual fund with 4-stars rating. It is among the top 39% in its category. If you invest in it, you are getting a dividend yield of 2.25%. It also has $1.8 billion of total net assets. The annual expense ratio rate is 0.82%.

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Since 1997, this PFGAX fund has recorded 13 years of positive return and 2 years of negative return. The best 1-year total return was in 2011 with 27.82%. Based on the load adjusted returns, the fund has returned 076% over the past 1-year and 9.64% over the past 5-year.

The minimum initial investment for brokerage account is $1,000 with $50 for minimum subsequent investment. To invest in a retirement account, please check with your brokerage. There are 105 brokerages that provide this fund for investors. They are JP Morgan, Vanguard, Merrill Lynch, Scottrade Load, E Trade Financial, Morgan Stanley Advisors, etc. The other classes of this fund are Class B (PFGBX), Class C (PFGCX), Class Institutional (PGOVX) and Class P (PLTPX).

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As of December 2012, the top sector diversification based on market value weighted is Government-Treasury (88%). It has 22.78 years of effective maturity.

Principal risks are interest rate risk, credit risk, market risk, issuer risk, derivatives risk, equity risk, mortgage-related and other asset-backed risk, leveraging risk, management risk and short sale risk.

Disclosure: No Position

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