PIMCO Emerging Markets Bond benefits from an enhanced process, but recent turnover on the investment team warrants caution. The fund’s institutional and I2 share classes earn a Morningstar Analyst Rating of Bronze and its more expensive share classes earn a Neutral.
Will PAEMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAEMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PAEMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PAEMX’s parent organization’s priorities and whether they’re in line with investors’ interests.