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Morningstar

PIMCO Emerging Mkts Lcl Ccy and Bd I2 PELPX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 5.83  /  0.01 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.570%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Emerging-Markets Local-Currency Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.29%
  • Effective Duration 5.53 years

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 11:22 PM GMT+0

Morningstar’s Analysis PELPX

Will PELPX outperform in 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.

A Sensible Approach to Local Emerging-markets Currency and Debt.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Pimco Emerging Markets Bond benefits from prudent portfolio construction and a large dedicated emerging-markets team as well as Pimco’s topnotch supporting resources. Still, fees hold it back: The strategy earns a Morningstar Analyst Rating of Neutral on all share classes.

by Mike Mulach
Rated on Published on

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Portfolio Holdings PELPX

More PELPX Holdings
  • Current Portfolio Date
  • Equity Holdings 18
  • Bond Holdings 597
  • Other Holdings 647
  • % Assets in Top 10 Holdings 23.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

19.80
292,964,176
—

OIS THB THORON/2.50000 09/20/23-3Y LCH Receive

15.78
233,470,683
Government

OIS THB THORON/2.50000 09/20/23-1Y LCH Pay

15.21
224,962,278
Government

ZCS BRL 12.04 08/02/23-04/01/24 CME Receive

9.72
143,786,260
Government

ZCS BRL 12.26 07/14/23-04/01/24 CME Pay

8.52
125,992,432
Government

MEXICAN NUEVO PESO Purchased

6.84
101,245,331
Derivative

BRAZILIAN REAL-NDF Purchased

6.36
94,098,575
Derivative

ZCS BRL 13.08 02/09/23-07/01/24 CME Receive

5.76
85,166,702
Government

Secretaria Tesouro Nacional 0%

5.37
79,404,012
Government

RFR USD SOFR/3.50000 12/20/23-7Y LCH Pay

4.68
69,300,000
Government