Description

The fund aims to achieve its investment goals by normally committing at least 65% of its total capital to a varied portfolio of fixed-income instruments, which will possess a range of maturation dates. These fixed-income holdings can either be direct investments or represented by financial derivatives like options, futures agreements, or swap contracts. Furthermore, up to 30% of its total assets may be allocated to high-yield securities that are rated below investment grade by agencies such as Moody's, S&P, or Fitch, or are determined to be of comparable quality by PIMCO if unrated.