Morningstar

PIMCO Emerging Markets Local Currency and Bond Fund Class I-2 PELPX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 6.29  /  +0.16 %
  • Total Assets 3.3B
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Emerging-Markets Local-Currency Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 7.01%
  • Effective Duration 6.20 years

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 12:15 AM GMT+0

Morningstar’s Analysis PELPX

Will PELPX 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 PELPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PELPX 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 PELPX’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 PELPX

More PELPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

9.82 272M
Government

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

9.21 255M
Government

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

8.05 223M
Government

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

7.44 206M
Government

Pimco Fds

6.01 166M
Cash and Equivalents

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

5.17 143M
Government

COLOMBIAN PESO-NDF Purchased

4.84 134M
Derivative

RFR USD SOFR/3.75000 12/17/25-5Y CME Receive

4.73 131M
Government

INDONESIAN RUPIAH-NDF Purchased

4.65 129M
Derivative

EUROPEAN MONETARY UNION EURO Purchased

4.20 116M
Derivative

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