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An absolute return-oriented bond fund PIMCO Unconstrained Bond Fund (Canada) takes a flexible approach to capturing global opportunities and managing risk. It strives to actively mitigate downside risk, provide attractive risk-adjusted returns and preserve the diversification benefits of a traditional fixed income portfolio.
Why Invest In This Fund
Tactically allocated across a global opportunity set By removing benchmark constraints, the fund gains significant latitude to tap into credit, interest rate, volatility and currency opportunities across global sectors and regions.
Absolute return focus The fund’s defensive capabilities and wide duration range (-3 to +8 years) help it to achieve positive returns across a wide range of market environments.
A unique portfolio complement The fund seeks to provide many of the benefits associated with core bond funds – such as capital preservation, liquidity and diversification – while achieving positive absolute returns over full market cycles. Although this strategy may enhance performance, particularly during market declines, it may lag during strong up markets.
Our Expertise The fund’s expert portfolio management team - Marc Seidner is CIO of Non-traditional Strategies, Ed Devlin is a managing director and head of Canadian portfolio management, and Mohit Mittal is a managing director and member of PIMCO’s Americas Portfolio Committee - is supported by the full spectrum of PIMCO’s global resources and our four decades of active bond management experience.
Mr. Devlin is a managing director, a generalist portfolio manager and head of Canadian portfolio management. In this multi-faceted role, he is responsible for developing PIMCO’s Canadian economic outlook and portfolio strategies. He is quoted often as an authority on the Canadian fixed income market and liability-driven investing by leading publications, including the National Post, Globe & Mail, and The New York Times. Mr. Devlin is also a frequent participant on the Business News Network and speaks extensively at CFA conferences and other events. Prior to joining PIMCO in 2006, he worked in London, Tokyo, Toronto, Hong Kong and New York in progressively more senior fixed income positions at Lehman Brothers and Merrill Lynch. He holds a bachelor's degree in business administration from Wilfrid Laurier University, where he was the gold medal recipient. He also holds an MBA from the Tuck School at Dartmouth College.
Mr. Mittal is a managing director and portfolio manager in the Newport Beach office, and a senior member of the liability driven investment and credit portfolio management teams. He manages multi-sector portfolios with added specialization in long credit, investment grade credit and unconstrained bond portfolios. In addition, he is head of the U.S. investment grade and emerging market credit trading desks. Previously, he was a specialist on PIMCO’s interest rates and derivatives desk. Mr. Mittal also serves on the board of Orangewood Foundation. He joined the firm in 2007 and holds an MBA from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India.
Mr. Seidner is CIO Non-traditional Strategies, a managing director and head of portfolio management in the New York office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC, and previously he was a PIMCO managing director, generalist portfolio manager and member of the Investment Committee until January 2014. Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management and a senior portfolio manager at Fidelity Management and Research. He has 29 years of investment experience and holds an undergraduate degree in economics from Boston College.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. PIMCO Canada Corp., 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350. ©2017, PIMCO.
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