PLGBX — PIMCO Long-Term U.S. Government Fund

PLGBX Fund Overview

PLGBX — PIMCO Long-Term U.S. Government Fund is a US mutual fund managed by PIMCO Funds, categorised as Long Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: PIMCO Funds
• Category: Long Treasury / Sovereign Bond
• Assets under management: $787.16M
• 1-year return: -1.7%
• Ticker: PLGBX
• SEC CIK: 0000810893
• SEC series ID: S000009690
• Share class ID: C000026571

PLGBX Investment Objective and Strategy

PIMCO Long-Term U.S. Government Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO Funds.

Investment objective

The Fund seeks maximum total return, consistent with preservation of capital and prudent investment management.

Principal investment strategy

"The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of fixed income securities that are issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises (""U.S. Government Securities""), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Assets not invested in U.S. Government Securities may be invested in other types of Fixed Income Instruments. ""Fixed Income Instruments"" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. While PIMCO may invest in derivatives at any time it deems appropriate, it will generally do so when it believes that U.S.

Government Securities are overvalued relative to derivative instruments. This Fund will normally have a minimum average portfolio duration of eight years. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates. In addition, the dollar-weighted average portfolio maturity of the Fund, under normal circumstances, is expected to be more than ten years. The Fund's investments in Fixed Income Instruments are limited to those of investment grade U.S. dollar-denominated securities of U.S. issuers that are rated at least A by Moody's Investors Service, Inc. (""Moody's""), or equivalently rated by Standard & Poor's Ratings Services (""S&P"") or Fitch, Inc.

(""Fitch""), or, if unrated, determined by PIMCO to be of comparable quality. In addition, the Fund may only invest up to 10% of its total assets in securities rated A by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality and may only invest up to 25% of its total assets in securities rated Aa by Moody's, or equivalently rated by S&P or Fitch or, if unrated, determined by PIMCO to be of comparable quality. The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund's prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.

The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The ""total return"" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates or improving credit fundamentals for a particular sector or security. The Fund may also invest up to 10% of its total assets in preferred securities."

PLGBX Holdings

Top 10 holdings of PIMCO Long-Term U.S. Government Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all PLGBX holdings

PLGBX Portfolio Allocation

Asset-class allocation of PIMCO Long-Term U.S. Government Fund by percentage of net assets, from the latest SEC N-PORT filing.

PLGBX Performance

Total returns for PLGBX (as of 2026-10-01), from SEC filings.

PLGBX Risk Information

Risk metrics for PLGBX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.3%

PLGBX Costs and Fees

PLGBX costs about $84 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.84%
• Gross expense ratio: 0.84%
• Portfolio turnover: 144%
• Brokerage commissions: 0.55 bps of average net assets (SEC N-CEN)

PLGBX Cashflows

Over the 12 months to 2026-06, PIMCO Long-Term U.S. Government Fund had net inflows of $49.15M, from monthly SEC N-PORT filings.

PLGBX Debt Constituents

Largest debt holdings of PIMCO Long-Term U.S. Government Fund by percentage of net assets, from the latest SEC N-PORT filing.

PLGBX Prospectus and SEC Filings

Official PIMCO Long-Term U.S. Government Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-07-25
• Prospectus supplement (497) — filed 2024-08-01
• Prospectus supplement (497) — filed 2024-01-08
• Portfolio holdings (N-PORT) — filed 2026-08-31
• Portfolio holdings (N-PORT) — filed 2026-05-29
• Portfolio holdings (N-PORT) — filed 2026-03-02
• Annual census (N-CEN) — filed 2026-06-11
• Annual census (N-CEN) — filed 2025-06-13

Related Funds

Other Long Treasury / Sovereign Bond funds tracked on ABC INVEST:

• iShares 7-10 Year Treasury Bond ETF (IEF)
• iShares 20+ Year Treasury Bond ETF (TLT)
• U.S. Government Securities Fund (AMUSX)
• Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX)
• Vanguard Long-Term Treasury Index Fund (VLGSX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.