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What is Investment-Grade Credit?

PIMCO’s Investment-Grade Credit strategy invests primarily in creditworthy corporate issuers having a debt rating of BBB- or greater by at least one of the nationally recognized credit rating agencies. The strategy utilizes a disciplined approach in the credit selection process, as issuer and industry decisions will contribute meaningfully to the performance of the product. In addition to corporate bonds, the credit universe includes investment-grade sovereign bonds, as well as supranational issuers. While macroeconomic strategies that influence sector and industry decisions are important, bottom-up security selection will most likely be the primary driver of long-term performance.

Applications for PIMCO’s Investment‑Grade Credit Strategy

PIMCO’s Investment‑Grade Credit Experience

Credit Portfolio Management / Research Platform Drives Security Selection

PIMCO’s Top‑Down Investment Process Anchors Relative Value Assessment

PIMCO’s Credit Philosophy

Sources of Added Value

Macroeconomic Focus

Risk Management / Controls

How To Invest

Disclosures

​Past performance is not a guarantee or a reliable indicator of future results. All investments contain risk and may lose value. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. 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. Corporate debt securities are subject to the risk of the issuer’s inability to meet principal and interest payments on the obligation and may also be subject to price volatility due to factors such as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity. PIMCO strategies utilize derivatives which 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. The credit quality of a particular security or group of securities does not ensure the stability or safety of the overall portfolio. Diversification does not insure against loss.