PIMCO Emerging Mkts Lcl Ccy and Bd A
PELAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10019 New York NY United States of America 10019
- IPO Date
- Jul 31, 2007
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Emerging Mkts Lcl Ccy and Bd A (PELAX) is a mutual fund managed by Pacific Investment Management Company LLC (PIMCO), a leading global investment management firm that provides fixed income, equity, real return, and alternative investment strategies; multi-asset portfolios; and liability-driven investment solutions. The fund primarily invests in emerging markets local currency debt securities, including government bonds, quasi-sovereign bonds, corporate bonds, and related derivatives, with a focus on countries such as Brazil, Mexico, South Africa, India, Indonesia, and others in Latin America, Asia, Europe, Africa, and the Middle East. PIMCO, founded in 1971 and headquartered in Newport Beach, California, operates worldwide with offices in key financial centers including New York, London, Tokyo, Singapore, and Sydney, serving institutional and individual investors through a range of share classes and vehicles. PELAX seeks total return, consistent with preservation of capital and prudent investment management, by allocating assets across local currency-denominated fixed income instruments rated Baa or higher or unrated of comparable quality, employing active currency management and PIMCO's proprietary risk analysis. The fund offers daily liquidity, professional portfolio management by experienced emerging markets specialists, and exposure to high-yield opportunities in developing economies while mitigating volatility through diversification and hedging strategies. Recent developments include PIMCO's strategic enhancements to its emerging markets capabilities, such as the launch of new local currency bond strategies in 2024 amid shifting global interest rates, and ongoing portfolio adjustments in response to geopolitical events in key markets like Turkey and Argentina. In late 2025, PIMCO announced expanded allocations to sustainable emerging markets debt within funds like PELAX to align with ESG investor demands, alongside a partnership with local sovereign wealth funds in Asia for improved liquidity access. No major acquisitions or name changes have occurred for PELAX or PIMCO in the past two years, though PIMCO continues to integrate advanced quantitative tools for bond selection and duration management.