The Diversified Income Duration Hedged Fund provides
efficient access to broad global credit market exposure by
investing primarily in a diversified pool of corporate and
emerging market fixed-income securities of varying
maturities in both the US dollar and non-US dollar space.
The Fund maintains limited duration with an attendant limit
in interest rate risk.
This Fund offers a higher yielding alternative to core fixed
income portfolios and low correlation to US, Japanese and
German government interest rates.
The Fund Advantage
The Fund benefits from a diversified approach to
macroeconomic views on credit trends, currencies, and curve
positioning, while the floating rate structure seeks to
mitigate interest rate risk.
Equally weighted blend of three indices, at constant 0.25 year duration, as calculated by PIMCO: Bloomberg Barclays Global Aggregate Credit ex Emerging Markets, USD Hedged; ICE BofAML BB‑B Rated Developed Markets High Yield Constrained Index, USD Hedged; and JPMorgan EMBI Global, USD Hedged
PRIMARY BENCHMARK DESCRIPTION
The benchmark is an equally weighted blend of the following three indices at constant 0.25 year duration: Bloomberg Barclays Global Aggregate Credit ex Emerging Markets, ICE BofAML BB-B Rated D