July 12, 2011

PIMCO Emerging Local Bond D Fund (PLBDX)

With higher growth prospect, investor has been focusing on emerging markets bond fund. This bond has higher yield than any typical US government bond fund. One of the best taxable emerging markets bond funds is PIMCO Emerging Local Bond D.

PIMCO Emerging Local Bond D (Ticker: PLBDX)

The PIMCO Emerging Local Bond fund seeks maximum total return, consistent with capital preservation and prudent investment management. This PIMCO fund invests most of assets (>80%) in Fixed-Income Instruments denominated in currencies of emerging securities markets countries. This investment may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest without limit in Fixed-Income Instruments that are economically tied to emerging market countries. This fund is classified as a non-diversified bond fund.

PLBDX Fund Details
    PIMCO Emerging Local Bond D Fund (PLBDX)
  • Fund Inception Date: July 31, 2007
  • Ticker Symbol: PLBDX (Class D)
  • CUSIP: 72201F383
  • Beta (3yr): 2.39
  • Rank in category (YTD): 14
  • Category: Emerging Markets Bond
  • Dividend Yield: 6.76%
  • Dividend Frequency: Monthly
  • Morningstar Rating: 4
  • Net Assets: $8.5 billion
  • Capital Gains: N/A
  • Number of Years Up: 2 years
  • Number of Years Down: 1 year
  • Average Duration: 4.18 years
  • Average Maturity: 5.86 years
updated on July 12th, 2011

Michael Gomez is the lead manager of this PIMCO fund since December 2006. Investor may invest in this fund using brokerage account or retirement account (IRA, 401k). To invest, you will need $1,000 initial investment balance. For subsequent investment, you only need $50 or more to add any new funding to your account.

Best Emerging Markets Bond Mutual Funds 2012

The fund has an annual expense ratio of 1.35%. This expense fee is comparable to the average expense fee in the Emerging Markets Bond category which is 1.30%. The 12b1 fee is 0.25% which is included in the expense ratio. This PIMCO fund doesn’t have any sales load.

This emerging markets bond fund has returned 18.91% over the past 1 year and 10.34% over the past three year. It has recorded the best one year return in 2009 with 28.71% return. PLBDX has a 4-star rating from Morningstar. This fund also has a dividend yield of 6.76% over the past 12 months.

Investor can buy this PIMCO fund from 45 brokerages, such as Pershing FundCenter, JPMorgan, Vanguard, Ameriprise Brokerage, Firstrade, TD Ameritrade, etc. Investors can also choose from the other classes of this PIMCO fund, such as Admin Class (Ticker: PGCAX), Class A (Ticker: PELAX), Class C (Ticker: PEBLX), Class D (Ticker: PLBDX), Institutional Class (Ticker: PELBX) and Class P (Ticker: PELPX). The PELBX fund also doesn’t have load, it only has 0.90% expense ratio fee.

As of June 2011, the top currency exposures are Mexico, Poland, Malaysia, Brazil, Indonesia, South Africa, and Turkey.  The top sectors of this fund include US Corporate (46.72%), Foreign Government (46.31%), Foreign Corporate (6.64%), Asset-Backed (0.21%), and Mortgage CMO (0.12%).

Disclosure: No Position

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