PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX)

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PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) is up 3.6% since the beginning of the year. PLMIX is currently trading at $8 per share. Investors who bought $1,000 worth of PLMIX shares 5 years ago would now be looking at an investment worth $1,256.

PIMCO Emerging Markets Currency and Short-Term Investments Fund (PLMIX) has returned 3.61% so far this year and 11.01% over the past 12 months. Over the last ten years, PLMIX has returned 3.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 1, 2005, PLMIX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +7.3%, while the worst month was Oct 2008 at -11.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PLMIX closed higher 47% of trading days. The best single day was Oct 13, 2008 with a return of +3.4%, while the worst single day was Oct 22, 2008 at -3.3%.

PIMCO Emerging Markets Currency and Short-Term Investments Fund has an annualized alpha of 1.35%, beta of 0.20, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since June 01, 2005.

• This fund participated in 38.99% of S&P 500 Index downside but only 30.65% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.20 may look defensive, but with R2 of 0.30 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 0.30 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.

PLMIX has an expense ratio of 0.85%, placing it in the medium range.

PLMIX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

PIMCO Emerging Markets Currency and Short-Term Investments Fund provided a 8.43% dividend yield over the last twelve months, with an annual payout of $0.65 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for PIMCO Emerging Markets Currency and Short-Term Investments Fund. 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 Currency and Short-Term Investments Fund. 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 Currency and Short-Term Investments Fund was 28.76%, occurring on Mar 5, 2009. Recovery took 389 trading sessions.

The current PIMCO Emerging Markets Currency and Short-Term Investments Fund drawdown is 1.16%.

The chart below shows the rolling one-month volatility.