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PIMCO Credit Opportunities Bond Fund
mutual fund
PCCRX
Payout Change
Pending
Price as of:
$9.53
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
PCCRX (Mutual Fund)
PIMCO Credit Opportunities Bond Fund
Payout Change
Pending
Price as of:
$9.53
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
PCCRX (Mutual Fund)
PIMCO Credit Opportunities Bond Fund
Payout Change
Pending
Price as of:
$9.53
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.7%
1 yr return
8.9%
3 Yr Avg Return
2.8%
5 Yr Avg Return
2.3%
Net Assets
$349 M
Holdings in Top 10
30.4%
52 WEEK LOW AND HIGH
$9.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.82%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 84.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PCCRX - Profile
Distributions
- YTD Total Return 5.7%
- 3 Yr Annualized Total Return 2.8%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.91%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePIMCO Credit Opportunities Bond Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateAug 31, 2011
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Kiesel
Fund Description
The Fund invests under normal circumstances at least 80% of its assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Security selection, industry and sector allocation, and management of market risk within and across credit and corporate markets are expected to be the main drivers of returns over time. “Fixed Income Instruments” include bonds, debt securities, bank loans and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this Fund normally varies within zero to six 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.The Fund may invest in both investment grade and high yield securities (“junk bonds”) subject to a maximum of 50% of its total assets in securities rated below B- by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest, without limitation, in securities of foreign issuers and may also invest in securities and instruments that are economically tied to emerging market countries. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar denominated securities or currencies) to 20% of its total assets. The Fund may invest up to 15% of its total assets in preferred securities, convertible securities and other equity-related instruments, including up to 10% of its total assets in common stock.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, foreign currency appreciation, or improving credit fundamentals for a particular sector or security.
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PCCRX - Performance
Return Ranking - Trailing
| Period | PCCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.7% | -11.6% | 17.5% | 52.16% |
| 1 Yr | 8.9% | -8.3% | 20.4% | 60.03% |
| 3 Yr | 2.8%* | -16.9% | 16.4% | 22.63% |
| 5 Yr | 2.3%* | -14.5% | 14.0% | 53.96% |
| 10 Yr | 2.3%* | -7.3% | 6.8% | 61.81% |
* Annualized
Return Ranking - Calendar
| Period | PCCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.8% | -12.0% | 8.9% | 29.58% |
| 2022 | -6.8% | -31.8% | 18.4% | 18.33% |
| 2021 | -1.9% | -16.2% | 25.7% | 62.25% |
| 2020 | -0.5% | -31.1% | 18.7% | 68.03% |
| 2019 | 4.1% | -6.1% | 15.3% | 56.43% |
Total Return Ranking - Trailing
| Period | PCCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.7% | -11.6% | 17.5% | 52.16% |
| 1 Yr | 8.9% | -8.3% | 20.4% | 60.03% |
| 3 Yr | 2.8%* | -16.9% | 16.4% | 22.63% |
| 5 Yr | 2.3%* | -14.5% | 14.0% | 53.96% |
| 10 Yr | 2.3%* | -7.3% | 6.8% | 61.81% |
* Annualized
Total Return Ranking - Calendar
| Period | PCCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | -6.9% | 22.2% | 64.10% |
| 2022 | -4.4% | -31.8% | 21.1% | 23.70% |
| 2021 | 0.3% | -13.5% | 49.9% | 75.65% |
| 2020 | 2.2% | -28.6% | 24.1% | 76.02% |
| 2019 | 7.3% | -4.8% | 19.1% | 66.79% |
NAV & Total Return History
PCCRX - Holdings
Concentration Analysis
| PCCRX | Category Low | Category High | PCCRX % Rank | |
|---|---|---|---|---|
| Net Assets | 349 M | 2.63 M | 143 B | 61.27% |
| Number of Holdings | 667 | 4 | 9195 | 38.41% |
| Net Assets in Top 10 | 112 M | -204 M | 80.4 B | 60.34% |
| Weighting of Top 10 | 30.39% | 5.8% | 265.8% | 42.01% |
Top 10 Holdings
- TSY INFL IX N/B 04/29 2.125 7.58%
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 7.08%
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 3.98%
- PIMCO SENIOR LOAN ACTIVE EXCHA PIMCO SENIOR LOAN ACTIVE ETF 2.29%
- FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 2.25%
- BOEING CO SR UNSECURED 144A 05/29 6.298 1.65%
- FED HM LN PC POOL SD8275 FR 12/52 FIXED 4.5 1.63%
- JPMORGAN CHASE + CO SR UNSECURED 05/28 VAR 1.56%
- WELLS FARGO + COMPANY SR UNSECURED 07/33 VAR 1.20%
- MORGAN STANLEY SR UNSECURED 07/33 VAR 1.17%
Asset Allocation
| Weighting | Return Low | Return High | PCCRX % Rank | |
|---|---|---|---|---|
| Bonds | 120.35% | 0.00% | 199.60% | 7.78% |
| Stocks | 2.33% | -6.18% | 99.66% | 32.35% |
| Convertible Bonds | 0.47% | 0.00% | 33.50% | 65.18% |
| Cash | 0.01% | -94.66% | 99.97% | 90.82% |
| Preferred Stocks | 0.00% | 0.00% | 26.42% | 91.60% |
| Other | -9.73% | -73.61% | 147.15% | 97.51% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PCCRX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 95.77% |
| Technology | 0.00% | 0.00% | 28.30% | 95.77% |
| Real Estate | 0.00% | 0.00% | 100.00% | 97.18% |
| Industrials | 0.00% | 0.00% | 100.00% | 98.59% |
| Healthcare | 0.00% | 0.00% | 18.60% | 97.18% |
| Financial Services | 0.00% | 0.00% | 100.00% | 94.37% |
| Energy | 0.00% | 0.00% | 100.00% | 94.37% |
| Communication Services | 0.00% | 0.00% | 100.00% | 97.18% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 94.37% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 4.23% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 95.77% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PCCRX % Rank | |
|---|---|---|---|---|
| US | 2.33% | -6.18% | 99.66% | 31.10% |
| Non US | 0.00% | -0.26% | 17.73% | 88.65% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PCCRX % Rank | |
|---|---|---|---|---|
| Corporate | 35.36% | 0.00% | 96.66% | 50.88% |
| Government | 12.73% | 0.00% | 99.43% | 45.26% |
| Securitized | 5.87% | 0.00% | 99.65% | 75.28% |
| Derivative | 0.82% | -73.61% | 147.15% | 14.51% |
| Cash & Equivalents | 0.01% | 0.00% | 94.89% | 89.39% |
| Municipal | 0.00% | 0.00% | 54.26% | 91.33% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PCCRX % Rank | |
|---|---|---|---|---|
| US | 114.17% | 0.00% | 199.60% | 7.00% |
| Non US | 6.18% | 0.00% | 74.14% | 36.39% |
PCCRX - Expenses
Operational Fees
| PCCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.82% | 0.03% | 20.67% | 23.41% |
| Management Fee | 0.75% | 0.00% | 2.29% | 72.53% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.98% |
| Administrative Fee | 0.45% | 0.00% | 0.70% | 98.12% |
Sales Fees
| PCCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.50% | 90.24% |
Trading Fees
| PCCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PCCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 84.00% | 0.00% | 632.00% | 56.20% |
PCCRX - Distributions
Dividend Yield Analysis
| PCCRX | Category Low | Category High | PCCRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.21% | 0.00% | 23.30% | 77.97% |
Dividend Distribution Analysis
| PCCRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| PCCRX | Category Low | Category High | PCCRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.91% | -1.55% | 11.51% | 81.04% |
Capital Gain Distribution Analysis
| PCCRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 12, 2024 | $0.100 | OrdinaryDividend |
| Mar 14, 2024 | $0.141 | OrdinaryDividend |
| Dec 26, 2023 | $0.096 | OrdinaryDividend |
| Sep 07, 2023 | $0.049 | OrdinaryDividend |
| Jun 08, 2023 | $0.074 | OrdinaryDividend |
| Mar 09, 2023 | $0.074 | OrdinaryDividend |
| Dec 27, 2022 | $0.082 | OrdinaryDividend |
| Sep 08, 2022 | $0.058 | OrdinaryDividend |
| Jun 09, 2022 | $0.038 | OrdinaryDividend |
| Mar 10, 2022 | $0.052 | OrdinaryDividend |
| Dec 28, 2021 | $0.066 | OrdinaryDividend |
| Sep 09, 2021 | $0.090 | OrdinaryDividend |
| Jun 10, 2021 | $0.036 | OrdinaryDividend |
| Mar 11, 2021 | $0.033 | OrdinaryDividend |
| Dec 28, 2020 | $0.097 | OrdinaryDividend |
| Sep 10, 2020 | $0.047 | OrdinaryDividend |
| Jun 11, 2020 | $0.058 | OrdinaryDividend |
| Mar 12, 2020 | $0.062 | OrdinaryDividend |
| Dec 26, 2019 | $0.067 | OrdinaryDividend |
| Sep 12, 2019 | $0.103 | OrdinaryDividend |
| Jun 13, 2019 | $0.056 | OrdinaryDividend |
| Mar 14, 2019 | $0.071 | OrdinaryDividend |
| Dec 26, 2018 | $0.141 | OrdinaryDividend |
| Sep 13, 2018 | $0.033 | OrdinaryDividend |
| Jun 14, 2018 | $0.090 | OrdinaryDividend |
| Mar 15, 2018 | $0.045 | OrdinaryDividend |
| Dec 27, 2017 | $0.112 | OrdinaryDividend |
| Sep 14, 2017 | $0.041 | OrdinaryDividend |
| Jun 15, 2017 | $0.093 | OrdinaryDividend |
| Dec 28, 2016 | $0.178 | OrdinaryDividend |
| Sep 15, 2016 | $0.019 | OrdinaryDividend |
| Jun 16, 2016 | $0.034 | OrdinaryDividend |
| Dec 29, 2015 | $0.092 | OrdinaryDividend |
| Dec 16, 2015 | $0.025 | CapitalGainShortTerm |
| Dec 16, 2015 | $0.042 | CapitalGainLongTerm |
| Sep 17, 2015 | $0.040 | OrdinaryDividend |
| Jun 18, 2015 | $0.043 | OrdinaryDividend |
| Mar 19, 2015 | $0.006 | OrdinaryDividend |
| Dec 29, 2014 | $0.258 | OrdinaryDividend |
| Dec 10, 2014 | $0.314 | CapitalGainShortTerm |
| Dec 10, 2014 | $0.066 | CapitalGainLongTerm |
| Sep 18, 2014 | $0.029 | OrdinaryDividend |
| Jun 19, 2014 | $0.000 | OrdinaryDividend |
| Mar 20, 2014 | $0.014 | OrdinaryDividend |
| Dec 27, 2013 | $0.000 | OrdinaryDividend |
| Dec 11, 2013 | $0.024 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.003 | CapitalGainLongTerm |
| Sep 19, 2013 | $0.018 | OrdinaryDividend |
| Jun 20, 2013 | $0.023 | OrdinaryDividend |
| Mar 21, 2013 | $0.000 | OrdinaryDividend |
| Dec 27, 2012 | $0.021 | OrdinaryDividend |
| Dec 12, 2012 | $0.025 | CapitalGainShortTerm |
| Sep 20, 2012 | $0.027 | OrdinaryDividend |
| Jun 21, 2012 | $0.040 | OrdinaryDividend |
| Mar 22, 2012 | $0.008 | OrdinaryDividend |
| Dec 28, 2011 | $0.059 | OrdinaryDividend |
PCCRX - Fund Manager Analysis
Managers
Mark Kiesel
Start Date
Tenure
Tenure Rank
Aug 31, 2011
10.76
10.8%
Mr. Kiesel is CIO Global Credit and a managing director in the Newport Beach office. He is a member of the Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business as well as credit research. Morningstar named him Fixed-Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the fin
Christian Stracke
Start Date
Tenure
Tenure Rank
Oct 03, 2016
5.66
5.7%
Managing Director, PIMCO, Mr. Stracke is a member of the Investment Committee and global head of the credit research group. The group covers all levels of the debt capital structure for targeted industries, including investment grade and high yield bonds, bank debt and convertibles. He also contributes to the analysis, portfolio construction and management of the firm's opportunistic corporate credit and mortgage and real estate-related strategies. Prior to joining PIMCO in 2008, he was a senior credit strategist at CreditSights and also held positions as head of Latin America fixed income strategy with Commerzbank Securities and head of Latin America local markets strategy with Deutsche Bank. He has investment experience since 1997 and holds an undergraduate degree from the University of Chicago. He is also a returned Peace Corps volunteer, having served as an agroforestry extension agent in Mauritania, West Africa.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
