Press Release

PIMCO wins Morningstar Australia Fixed Interest Fund Manager of Year Award for third consecutive year


Sydney, Australia (March 14, 2017) – PIMCO is the winner of the Australian Morningstar Fixed Interest Fund Manager of the Year Award for the third consecutive year as it continues to achieve "excellent results across several different capabilities" in volatile market conditions and “showed it can deliver when it really matters.”

Morningstar Australia said: “PIMCO’s wide-ranging expertise in fixed income investing was on full display again during 2016. The firm achieved excellent results across several different capabilities, and as volatility returned to bond markets, showed that it can deliver when it really matters. All of this stems from the highly-capable team’s sophisticated and insightful research and application of a robust process. These traits have underpinned sound decisions for many years, solidifying PIMCO’s case as this year’s outstanding fixed interest manager.”

Adrian Stewart, Executive Vice President and Head of PIMCO Australia and New Zealand, said: “It’s an honour to have PIMCO selected by Morningstar as best in class for fixed interest for the third consecutive year. We are incredibly proud of our investment teams and the results they consistently deliver for our clients in Australia and globally.”

Robert Mead, Managing Director and Head of Portfolio Management at PIMCO Australia, said: “With ongoing bouts of volatility and a convergence to New Neutral growth rates globally, it is important for investors to remember that the bond market remains an important part of a portfolio's asset allocation. Overall, we believe the income, capital preservation, steadier returns and portfolio diversification of bonds will continue to offer value to both Australian and global investors in The New Neutral.”

He added, “With substantial uncertainty surrounding the global outlook, patience and nimbleness will be required to add value and we believe bond investors need to more than simply rely on passive market exposures to improve upon low passive returns. We believe investors should favour active managers who employ bottom-up research to identify opportunities in countries, sectors and companies that are growing faster than the economy.

In determining the winners of the Morningstar Awards 2017, Morningstar takes into consideration a combination of qualitative research by its manager research analysts; risk-adjusted returns over the one-, three- and five-year periods; and performance in the 2016 calendar year. Morningstar said: “The objective is to screen for fund managers that have provided consistently strong returns and not just reward those with the most impressive one-year return that have otherwise struggled to impress.”

PIMCO’s Australian Bond Fund still remains the only Gold rated fund (Morningstar Analyst Rating™ assigned at 24 Jan 2017) within the fixed income universe by Morningstar Australia. Morningstar said in its Global Fund Report published 10 Jan 2016: “PIMCO Australian Bond continues to be our top-rated Australian bond strategy owing to the experienced team and its consistent, time-tested process.”

Media Contacts

Michael Reid
Global Head of Corporate Communications
New York

Donna Chan
APAC Corporate Communications
Hong Kong

Millie Dravers
Australia Corporate Communications

Agnes Crane
U.S. Corporate Communications
New York

Jennifer Spivey
U.S. Corporate Communications
Newport Beach

Laura Batty
U.K. and EMEA Corporate Communications

Jochen Haegele
EMEA Corporate Communications



PIMCO is a leading global investment management firm, with offices in 11 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Issued by PIMCO Australia Management Limited ABN 37 611 709 507, AFSL 487 505. This communication is provided for general information only and does not constitute financial product advice, and has not taken into account the objectives, financial situation or needs of any particular investors. PIMCO is a trademark or of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. © 2017 PIMCO

Morningstar Awards 2017 (c). Morningstar, Inc. All Rights Reserved. Awarded to PIMCO Australia Pty Ltd for Fund Manager of the Year, Fixed Interest Category, Australia. Please refer to relevant research house disclaimer below to obtain further information about the meaning of the rating and the rating scale. Rating is only one factor to be taken into account when deciding whether to invest.

© 2017 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").

Morningstar Methodology: In determining category winners and finalists, Morningstar only considers retail and wholesale unit trusts, superannuation funds, and pension funds that hold a Morningstar Analyst Rating.TM Winners are selected using a combination of Morningstar’s qualitative analyst research; risk-adjusted returns over medium- to long-term periods; and performance in the 2016 calendar year. Refer to Morningstar News Release for full methodology at