PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX)

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PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX) is up 1.4% since the beginning of the year. PELAX is currently trading at $6 per share. Investors who bought $1,000 worth of PELAX shares 5 years ago would now be looking at an investment worth $1,228.

PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX) has returned 1.43% so far this year and 12.67% over the past 12 months. Over the last ten years, PELAX has returned 4.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jul 31, 2007, PELAX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 2008 with a return of +11.3%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PELAX closed higher 47% of trading days. The best single day was Oct 14, 2008 with a return of +4.7%, while the worst single day was Dec 12, 2007 at -6.4%.

PIMCO Emerging Markets Local Currency and Bond Fund Class A has an annualized alpha of 0.27%, beta of 0.25, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since August 01, 2007.

• This fund participated in 59.38% of S&P 500 Index downside but only 39.92% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.25 may look defensive, but with R2 of 0.25 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PELAX has a high expense ratio of 2.00%, indicating above-average management fees.

PELAX ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for PIMCO Emerging Markets Local Currency and Bond Fund Class A (PELAX) and compare them to S&P 500 Index.

PIMCO Emerging Markets Local Currency and Bond Fund Class A provided a 6.66% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for PIMCO Emerging Markets Local Currency and Bond Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PIMCO Emerging Markets Local Currency and Bond Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PIMCO Emerging Markets Local Currency and Bond Fund Class A was 36.92%, occurring on Jan 20, 2016. Recovery took 2374 trading sessions.

The current PIMCO Emerging Markets Local Currency and Bond Fund Class A drawdown is 2.14%.

The chart below shows the rolling one-month volatility.