NEWPORT BEACH, CA--(Marketwire -01/10/12)- PIMCO, a leading global investment management firm, has launched the PIMCO Dividend and Income Builder Fund and the PIMCO EqS Dividend Fund, two new actively managed funds that are part of the firm's global equities platform.
The funds combine active management led by two seasoned equity investors with PIMCO's global macroeconomic views to seek attractive and growing income as well as long-term capital appreciation. The PIMCO EqS Dividend Fund is intended for investors who want an equity-focused fund, while the PIMCO Dividend and Income Builder Fund supplements global equity investments with select fixed income positions. Both funds have a flexible mandate that provides the opportunity to invest in attractive opportunities for both income and capital appreciation, unconstrained by geography, sector or issuer size.
"These two funds continue PIMCO's measured and deliberate build out of our active equities platform and aim to provide investors with solutions for creating steady and attractive income and capital appreciation," said Neel Kashkari, a Managing Director and Head of Global Equities, based in PIMCO's Newport Beach office. "We believe a strategy focused on global dividend-paying stocks is compelling in any market environment."
The funds will be managed by Brad Kinkelaar and Cliff Remily, both Executive Vice Presidents and Portfolio Managers based in PIMCO's Newport Beach office, who between them have 25 years of investment experience with a demonstrated history of security selection and portfolio management with expertise in dividend paying stocks. Fixed income positions in the Dividend and Income Builder fund will be managed by Eve Tournier, an Executive Vice President also based in Newport Beach.
"We believe a global focus provides the best potential for dividend investors as many attractive dividend-paying companies are often found outside the U.S. and can provide investors with a broader range of income options than a U.S.-only portfolio," said Mr Kinkelaar. "A key aspect of these strategies is that they are core solutions for gaining global equity exposure and growing income with defensive performance characteristics -- participating in the upside while providing defense on the downside."
Added Mr Remily: "Generating income is a common objective of many of PIMCO's clients and other investors, and that will become more important as populations around the world age and spend more time in retirement. In addition, a strategy focused on dividend-paying stocks purchased at attractive valuations can offer capital appreciation and a compelling total return with less volatility for equity investors."
Institutional shares of the PIMCO Dividend and Income Builder Fund will trade under the ticker symbol PQIIX. Additional tickers include "D" shares (PQIDX), "A" shares (PQIZX), "C" shares (PQICX), "R" shares (PQIBX) and "P" shares (PQIPX).
Institutional shares of the PIMCO EqS Dividend Fund will trade under the ticker symbol PQDIX. Additional tickers include "D" shares (PQDDX), "A" shares (PQDAX), "C" shares (PQDCX), "R" shares (PQDRX) and "P" shares (PQDPX).
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 a subsidiary of the asset management arm of Allianz Group, a leading global financial services company.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund's prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor or PIMCO representative, by visiting www.pimco.com/investments or by calling (888)87-PIMCO. Please read them carefully before you invest or send money.
A word about risk: Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. The value of fixed income securities contained in the fund can be impacted by changes in interest rates. Bonds with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rates rise. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Investments in value securities involve the risk the market's value assessment may differ from the manager and the performance of the securities may decline. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Pacific Investment Management Company LLC. ©2012, PIMCO
PIMCO advised funds are distributed by PIMCO Investments LLC.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.
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