PCEWX

About PCEWX

PIMCO Climate Bond Fund I-3 is a diversified open-end bond fund that integrates climate considerations into a global fixed income strategy. Its primary objective is to deliver optimal risk‑adjusted returns while explicitly accounting for long‑term climate risks and opportunities in security selection and portfolio construction. The fund typically invests at least 80% of assets in fixed income instruments of varying maturities, spanning government, corporate, securitized, and supranational issuers, with active use of derivatives for duration and currency management. It applies exclusions to issuers associated with controversial weapons, tobacco, and thermal coal by prospectus, aligning the portfolio with stated sustainability criteria. The strategy is managed within PIMCO’s institutional platform, targeting medium credit quality and moderate interest‑rate sensitivity, and it distributes income on a monthly basis. As an institutional share class, it features a high minimum initial investment and an expense ratio in line with comparable peers. The fund’s role in the market is to provide bond exposure that reflects climate‑aware stewardship, channeling capital toward issuers and projects addressing environmental transition while maintaining core fixed income characteristics.