Today's Move for
Tomorrow's Market

PIMCO Dynamic Multi-Asset Fund (DMAF) helps investors stay ahead of uncertain markets by moving dynamically across asset classes and geographies, capturing opportunities when the time is right and reducing risk exposure when conditions demand it.

Why Dynamic Multi-Asset Fund?

Dynamic Multi-Asset Fund (DMAF) is a global asset allocation strategy that offers investors access to PIMCO’s macro and relative value ideas across the full spectrum of liquid asset classes. It follows a flexible approach with an emphasis on downside protection, which can help smooth the path of returns. The fund’s broad opportunity set and toolkit mean it can serve a number of roles in a portfolio.

 

One-Stop Solution

By combining equities, fixed income, real assets and currencies, the fund could be used as a comprehensive multi-asset solution.

 

Cautious Growth

The fund’s equity orientation and emphasis on downside protection mean it could be used as a cautious growth allocation within a portfolio.

 

Liquid Alternative

The fund’s aim of generating attractive risk-adjusted returns over a market cycle means it could be used as a liquid alternative to complement more static allocations.

Meet the Team

DMAF’s management team combines expertise in alternative strategies with traditional liquid asset classes. The team leverages the full depth and breadth of PIMCO’s global investment resources, with the firm’s economic outlook serving as a starting point for asset allocation.

Geraldine Sundstrom

Geraldine Sundstrom

PORTFOLIO MANAGER, ASSET ALLOCATION

Expertise: Multi-asset, equities, credit and emerging markets

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Mihir Worah

Mihir Worah

CIO ASSET ALLOCATION AND REAL RETURN

Expertise: Multi-asset, fixed income and real assets

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Innovative Top-Down,
Bottom-Up Process

DMAF’s investment process combines PIMCO’s economic outlook with rigorous analysis of fundamentals, technicals and valuations across asset classes. The fund has the flexibility to shift exposures as market conditions evolve, lowering risk when economic conditions are weak, valuations rich and technicals negative.

Learn More about DMAF

Visit the DMAF fund page for detailed information on performance and positioning.

VIEW PERFORMANCE 

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Disclosures

GIS FUNDS

PIMCO Funds: Global Investors Series plc is an umbrella type open-ended investment company with variable capital and is incorporated with limited liability under the laws of Ireland with registered number 276928. The information is not for use within any country or with respect to any person(s) where such use could constitute a violation of the applicable law. The information contained in this communication is intended to supplement information contained in the prospectus for this Fund and must be read in conjunction therewith. Investors should consider the investment objectives, risks, charges and expenses of these Funds carefully before investing. This and other information is contained in the Fund's prospectus. Please read the prospectus carefully before you invest or send money. Past performance is not a guarantee or a reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future. Returns are net of fees and other expenses and include reinvestment of dividends. The performance data represents past performance and investment return and principal value will fluctuate so that the PIMCO GIS Funds shares, when redeemed, may be worth more or less than the original cost. Potential differences in performance figures are due to rounding. The Fund may invest in non-U.S. or non-Eurozone securities which involves potentially higher risks including non-U.S. or non-Euro currency fluctuations and political or economic uncertainty. For informational purposes only. Please note that not all Funds are registered for sale in every jurisdiction. Please contact PIMCO for more information. For additional information and/or a copy of the Fund's prospectus, please contact the Administrator: State Street Fund Services (Ireland) Limited, Telephone +353-1-776-0142, Fax +353-1-562-5517. © 2019.

Benchmark - Unless otherwise stated in the prospectus or in the relevant key investor information document, the Fund referenced in this material is not managed against a particular benchmark or index, and any reference to a particular benchmark or index in this material is made solely for risk or performance comparison purposes.

Additional information - This material may contain additional information, not explicit in the prospectus, on how the Fund or strategy is currently managed. Such information is current as at the date of the presentation and may be subject to change without notice.

RISK

Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Commodities contain heightened risk, including market, political, regulatory and natural conditions, and may not be suitable for all investors. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. Derivatives 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. Equities may decline in value due to both real and perceived general market, economic and industry conditions. 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. Sovereign securities are generally backed by the issuing government. Obligations of U.S. government agencies and authorities are supported by varying degrees, but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value. High yield, lower-rated securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Mortgage- and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and while generally supported by a government, government-agency or private guarantor, there is no assurance that the guarantor will meet its obligations. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. Swaps are a type of derivative; swaps are increasingly subject to central clearing and exchange-trading. Swaps that are not centrally cleared and exchange-traded may be less liquid than exchange-traded instruments. Inflation-linked bonds (ILBs) issued by a government are fixed income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. government. Certain U.S. government securities are backed by the full faith of the government. Obligations of U.S. government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value.

This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. 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 or registered trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2019, PIMCO