Diversified Approach to Absolute Return
The Target Return Fund is an absolute return strategy that aims to provide incremental returns with a focus on capital preservation. Anchored by high quality Australian bonds, the fund maintains a dynamic and targeted allocation between PIMCO’s best macroeconomic, credit, volatility and interest rate strategies.
Why Invest In This Fund
A dynamic allocation to PIMCO’s best multi-strategy ideas
The fund taps into four alpha return engines: macroeconomic, global and local credit, multi-asset volatility and interest rate strategies, all driven by PIMCO’s global and local expertise in each area. The allocation to these return engines is actively managed using PIMCO’s top-down and bottom-up insights.
Anchored by a bedrock of Australian bonds
High-quality domestic fixed interest securities form the ‘bedrock’ of the absolute return generation in the fund. It also aims to take advantage of PIMCO’s directional views in domestic rates.
Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates.
Dedicated expertise to each return engine
Each return engine of the fund is managed by PIMCO sector specialists in each area from across the globe. The overall allocation and risk positioning is overseen by an Australian-based portfolio management team.
Bloomberg AusBond Bank Bills Index
PRIMARY BENCHMARK DESCRIPTION
The Bloomberg AusBond Bank Bills Index is an unmanaged index representative of the total return performance of Australian money market securities. It is not possible to invest in an unmanaged index.
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