Morningstar

PIMCO Emerging Markets Local Currency and Bond Fund Institutional Class PELBX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $6.17  /  0.00
  • Fund Size $2.8B
  • Adjusted Expense Ratio 0.900%
  • Net Expense Ratio 1.320%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Emerging-Markets Local-Currency Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 7.23%
  • Average Effective Duration 5.63 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PELBX

Will PELBX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PELBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PELBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PELBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Look no further.

Principal Shannon Kirwin

Shannon Kirwin

Principal

Summary

Pimco Emerging Markets Local Currency and Bond (sold in Europe and Asia as Pimco GIS Emerging Local Bond) boasts a well-resourced team following a standout investment process. After a recent bout of elevated turnover, the team has settled into its new shape, meriting an upgrade of its People rating from Above Average to High.

by Shannon Kirwin
Rated on Published on

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Portfolio Holdings PELBX

More PELBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RFR USD SOFR/3.00000 06/17/26-2Y CME Receive

23.36 786M
Government

RFR JPY MUTK/1.00000 06/17/26-1Y LCH Receive

14.36 483M
Government

RFR JPY MUTK/1.00000 12/17/25-2Y LCH Receive

7.90 266M
Government

POLISH ZLOTY Purchased

7.60 256M
Derivative

OIS SGD SIBSORA/1.4031* 12/30/25-1Y LCH Receive

7.55 254M
Government

IRS KRW 3.75000 09/16/26-2Y LCH Receive

6.95 234M
Government

IRS PLN 5.43000 03/16/23-5Y CME Receive

6.69 225M
Government

RFR JPY MUTK/1.50000 09/16/26-2Y LCH Receive

6.53 219M
Government

RFR JPY MUTK/1.00000 03/18/26-2Y LCH Receive

6.47 218M
Government

RFR USD SOFR/3.75000 06/20/24-7Y LCH Receive

6.20 208M
Government

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