PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I (PGBIX)

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PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I (PGBIX) is down 0.1% since the beginning of the year. PGBIX is currently trading at $10 per share. Investors who bought $1,000 worth of PGBIX shares 5 years ago would now be looking at an investment worth $1,140.

PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I (PGBIX) has returned -0.14% so far this year and 5.10% over the past 12 months. Over the last ten years, PGBIX has returned 3.26% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 2, 1995, PGBIX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 70% of months were positive and 30% were negative. The best month was Dec 2008 with a return of +4.3%, while the worst month was Dec 1997 at -13.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PGBIX closed higher 39% of trading days. The best single day was Nov 30, 1995 with a return of +3.1%, while the worst single day was Dec 31, 1997 at -13.0%.

PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I has an annualized alpha of 4.72%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 02, 1995.

• This fund captured 12.76% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.12%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

PGBIX has an expense ratio of 0.55%, placing it in the medium range.

PGBIX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I provided a 5.03% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I. 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 Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I. 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 Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I was 14.22%, occurring on Mar 5, 1998. Recovery took 717 trading sessions.

The current PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) Class I drawdown is 1.13%.

The chart below shows the rolling one-month volatility.