Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
PIMCO Climate Bond Fund
mutual fund
PCEIX
Payout Change
Pending
Price as of:
$8.83
+0.0
+0.0%
primary theme
Corporate Bond
share class
PCEIX (Mutual Fund)
PIMCO Climate Bond Fund
Payout Change
Pending
Price as of:
$8.83
+0.0
+0.0%
primary theme
Corporate Bond
share class
PCEIX (Mutual Fund)
PIMCO Climate Bond Fund
Payout Change
Pending
Price as of:
$8.83
+0.0
+0.0%
primary theme
Corporate Bond
share class
Name
As of 12/24/2024Price
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
3.7%
1 yr return
3.8%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
1.0%
Net Assets
$23.9 M
Holdings in Top 10
24.7%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 26.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
PCEIX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.65%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Climate Bond Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateDec 10, 2019
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Mather
Fund Description
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 Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. “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. The average portfolio duration of this Fund will normally vary from 2 years to 8 years based on PIMCO’s market forecasts. 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 invests opportunistically in a broad spectrum of climate focused instruments and debt from issuers demonstrating leadership with respect to addressing climate related factors. Given the long term nature of the risks and opportunities presented by climate change and resource depletion, PIMCO may emphasize investment strategies that are more strategic, or long-term in nature, with less emphasis on short-term, tactical trading strategies.The Fund’s investments ordinarily include labeled and unlabeled “green” bonds, as well as the debt of issuers demonstrating leadership in addressing risk and opportunities around climate related change. Labeled green bonds are those issues with proceeds specifically earmarked to be used for climate and environmental projects. Labeled green bonds are often verified by a third party, which certifies that the bond will fund projects that include environmental benefits. Unlabeled green bonds or climate-aligned bonds are securities of climate-aligned issuers with use of proceeds for climate-related projects and initiatives, and may be issued without formal third party verifications or frameworks. When considering whether an issuer has demonstrated leadership in addressing risk and opportunities around climate related change, PIMCO may consider a variety of factors, such as whether an issuer provides low carbon solutions, has implemented or prepared a transition plan to a low carbon economy or such other factors that PIMCO may determine are relevant.When considering an investment, PIMCO may utilize the following resources, among others, to evaluate climate related factors: PIMCO’s internal research and scoring process relating to climate factors, third party research and data providers, an issuer’s alignment with international commitments deemed relevant by PIMCO (such as the 2016 Paris Agreement on climate change), and/or information made available by the issuer, such as carbon emissions and intensity. In determining the efficacy of an issuer’s environmental practices, PIMCO will use its own proprietary assessments of material environmental and climate-oriented issues and may also reference standards as set forth by recognized global organizations, such as entities sponsored by the United Nations, and augment its assessments based on engagements with issuers regarding their environmental practices that have the potential to enhance risk-adjusted returns. The Fund may avoid investment in the securities of issuers whose business practices with respect to climate specific factors do not meet criteria determined by PIMCO. PIMCO’s activities in this respect may include, but are not limited to, direct dialogue with company management, such as through in-person meetings, phone calls, electronic communications and letters. The Fund has flexibility to invest in securities of issuers whose climate-related practices are weaker relative to certain peers or industry benchmarks, with the expectation that these practices may improve over time. The Fund may exclude those issuers that are not receptive to PIMCO’s engagement efforts, as determined in PIMCO’s sole discretion.The Fund will not invest in the securities of any issuer determined by PIMCO to be engaged principally in the fossil fuel-related sectors, including distribution/retail, equipment and services, extraction and production, petrochemicals, pipelines and transportation and refining, and the production or distribution of coal and coal fired generation. The Fund may invest in the securities of issuers determined by PIMCO to be engaged principally in biofuel productionor natural gas generation orsales and trading activities. Moreover, the Fund will not invest in the securities of any issuer determined by PIMCO to be engaged principally in the manufacture of alcoholic beverages, tobacco products or military equipment, the operation of gambling casinos, or in the production or distribution of adult entertainment materials. To the extent possible on the basis of information available to PIMCO, an issuer will be deemed to be principally engaged in an activity if it derives more than 10% of its gross revenues from such activities. The Fund may invest in labeled green, sustainability, social and sustainability-linked bonds from issuers involved in fossil fuel-related sectors. Labeled bonds are those issues with proceeds specifically earmarked to be used for climate, environmental sustainability and/or social projects and, in the case of sustainability-linked bonds, bonds that include sustainability-linked covenants, as explained by the issuer through use of a framework and/or legal documentation. Labeled bonds are often verified by a third party, which certifies that the bond will or has been used to fund projects that include eligible benefits or, in the case of a sustainability-linked bond, that the bond includes sustainability-linked covenants.The Fund may invest in up to 25% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or FitchRatings, Inc. (“Fitch”), or, if unrated, determined by PIMCO (except such limitation shall not apply to the Fund’s investments in mortgage- and asset-backed securities). In the event that ratings and services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may also invest without limitation in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. In addition, the Fund may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest in such instruments without limitation subject to any applicable legal or regulatory limitation). 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 also invest up to 10% of its total assets in preferred securities.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 invest in derivatives, such as credit default swaps, on indexes of securities which may include exposure to issuers that the Fund is not permitted to invest in directly. 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 also invest directly in real estate investment trusts (“REITs”). 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).
Read More
PCEIX - Performance
Return Ranking - Trailing
| Period | PCEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -2.9% | 7.6% | 7.14% |
| 1 Yr | 3.8% | -2.4% | 7.8% | 14.29% |
| 3 Yr | -0.5%* | -8.0% | 40.3% | 10.18% |
| 5 Yr | 1.0%* | -7.0% | 25.0% | 18.01% |
| 10 Yr | N/A* | -0.3% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PCEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.4% | -5.6% | 6.3% | 4.17% |
| 2022 | -17.7% | -28.7% | 142.1% | 22.16% |
| 2021 | -2.4% | -12.3% | 4.9% | 7.32% |
| 2020 | 4.3% | -8.0% | 9.0% | 78.26% |
| 2019 | N/A | 4.3% | 13.4% | N/A |
Total Return Ranking - Trailing
| Period | PCEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -2.9% | 7.6% | 7.14% |
| 1 Yr | 3.8% | -2.4% | 7.8% | 14.29% |
| 3 Yr | -0.5%* | -8.0% | 40.3% | 10.18% |
| 5 Yr | 1.0%* | -7.0% | 25.0% | 18.01% |
| 10 Yr | N/A* | -0.3% | 14.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PCEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.1% | -5.6% | 12.9% | 22.02% |
| 2022 | -12.4% | -25.6% | 151.8% | 10.18% |
| 2021 | 0.0% | -5.1% | 7.5% | 24.39% |
| 2020 | 6.9% | -8.0% | 116.0% | 92.55% |
| 2019 | N/A | 6.7% | 17.4% | N/A |
NAV & Total Return History
PCEIX - Holdings
Concentration Analysis
| PCEIX | Category Low | Category High | PCEIX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.9 M | 23.9 M | 47.3 B | 100.00% |
| Number of Holdings | 206 | 4 | 10364 | 94.64% |
| Net Assets in Top 10 | 5.72 M | -29.6 M | 3.03 B | 94.05% |
| Weighting of Top 10 | 24.66% | 1.7% | 143.7% | 6.55% |
Top 10 Holdings
- TREASURY BILL 12/24 0.00000 4.69%
- TREASURY BILL 11/24 0.00000 3.43%
- FNMA POOL CB7588 FN 11/53 FIXED 5 3.34%
- KFW GOVT GUARANT REGS 09/31 0.0000 2.65%
- TREASURY BILL 10/24 0.00000 2.15%
- TREASURY BILL 10/24 0.00000 2.15%
- TREASURY BILL 10/24 0.00000 1.72%
- FNMA POOL CB7218 FN 10/53 FIXED 5 1.66%
- US TREASURY N/B 02/42 2.375 1.46%
- KFW GOVT GUARANT REGS 11/29 2 1.42%
Asset Allocation
| Weighting | Return Low | Return High | PCEIX % Rank | |
|---|---|---|---|---|
| Bonds | 94.76% | 0.00% | 136.47% | 63.69% |
| Convertible Bonds | 5.75% | 0.00% | 78.47% | 35.71% |
| Other | 4.02% | -5.08% | 12.23% | 7.14% |
| Cash | 1.22% | -43.80% | 45.89% | 77.38% |
| Stocks | 0.00% | 0.00% | 99.98% | 91.07% |
| Preferred Stocks | 0.00% | 0.00% | 9.18% | 91.67% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PCEIX % Rank | |
|---|---|---|---|---|
| Corporate | 54.87% | 41.80% | 99.52% | 96.43% |
| Government | 17.49% | 0.00% | 25.63% | 16.67% |
| Securitized | 3.94% | 0.00% | 23.18% | 23.21% |
| Municipal | 0.85% | 0.00% | 3.37% | 11.90% |
| Derivative | 0.46% | -2.44% | 2.14% | 14.29% |
| Cash & Equivalents | 0.00% | 0.00% | 45.89% | 98.21% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PCEIX % Rank | |
|---|---|---|---|---|
| US | 58.09% | 0.00% | 112.17% | 98.81% |
| Non US | 36.67% | 0.00% | 47.05% | 4.76% |
PCEIX - Expenses
Operational Fees
| PCEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.03% | 3.33% | 59.39% |
| Management Fee | 0.50% | 0.00% | 1.35% | 88.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.25% | 0.02% | 0.45% | 87.14% |
Sales Fees
| PCEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| PCEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PCEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 26.00% | 0.00% | 259.00% | 17.47% |
PCEIX - Distributions
Dividend Yield Analysis
| PCEIX | Category Low | Category High | PCEIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.76% | 0.00% | 6.00% | 87.50% |
Dividend Distribution Analysis
| PCEIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PCEIX | Category Low | Category High | PCEIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.65% | 0.38% | 5.93% | 85.54% |
Capital Gain Distribution Analysis
| PCEIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.028 | OrdinaryDividend |
| Oct 31, 2024 | $0.028 | OrdinaryDividend |
| Sep 30, 2024 | $0.026 | OrdinaryDividend |
| Aug 30, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.028 | OrdinaryDividend |
| Apr 30, 2024 | $0.026 | OrdinaryDividend |
| Mar 28, 2024 | $0.028 | OrdinaryDividend |
| Feb 29, 2024 | $0.026 | OrdinaryDividend |
| Jan 31, 2024 | $0.024 | OrdinaryDividend |
| Dec 29, 2023 | $0.027 | OrdinaryDividend |
| Nov 30, 2023 | $0.024 | OrdinaryDividend |
| Oct 31, 2023 | $0.024 | OrdinaryDividend |
| Sep 29, 2023 | $0.025 | OrdinaryDividend |
| Aug 31, 2023 | $0.025 | OrdinaryDividend |
| Jul 31, 2023 | $0.022 | OrdinaryDividend |
| Jun 30, 2023 | $0.025 | OrdinaryDividend |
| May 31, 2023 | $0.023 | OrdinaryDividend |
| Apr 28, 2023 | $0.019 | OrdinaryDividend |
| Mar 31, 2023 | $0.024 | OrdinaryDividend |
| Feb 28, 2023 | $0.020 | OrdinaryDividend |
| Jan 31, 2023 | $0.020 | OrdinaryDividend |
| Dec 30, 2022 | $0.022 | OrdinaryDividend |
| Dec 27, 2022 | $0.315 | OrdinaryDividend |
| Nov 30, 2022 | $0.020 | OrdinaryDividend |
| Oct 31, 2022 | $0.019 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Aug 31, 2022 | $0.018 | OrdinaryDividend |
| Jul 29, 2022 | $0.017 | OrdinaryDividend |
| Jun 30, 2022 | $0.017 | OrdinaryDividend |
| May 31, 2022 | $0.016 | OrdinaryDividend |
| Apr 29, 2022 | $0.018 | OrdinaryDividend |
| Mar 31, 2022 | $0.016 | OrdinaryDividend |
| Feb 28, 2022 | $0.016 | OrdinaryDividend |
| Jan 31, 2022 | $0.014 | OrdinaryDividend |
| Dec 31, 2021 | $0.016 | OrdinaryDividend |
| Dec 28, 2021 | $0.040 | OrdinaryDividend |
| Dec 08, 2021 | $0.021 | CapitalGainShortTerm |
| Dec 08, 2021 | $0.014 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.014 | OrdinaryDividend |
| Oct 29, 2021 | $0.014 | OrdinaryDividend |
| Sep 30, 2021 | $0.015 | OrdinaryDividend |
| Aug 31, 2021 | $0.015 | OrdinaryDividend |
| Jul 30, 2021 | $0.015 | OrdinaryDividend |
| Jun 30, 2021 | $0.013 | OrdinaryDividend |
| May 28, 2021 | $0.011 | OrdinaryDividend |
| Apr 30, 2021 | $0.011 | OrdinaryDividend |
| Mar 31, 2021 | $0.013 | OrdinaryDividend |
| Feb 26, 2021 | $0.012 | OrdinaryDividend |
| Jan 29, 2021 | $0.011 | OrdinaryDividend |
| Dec 31, 2020 | $0.012 | OrdinaryDividend |
| Dec 28, 2020 | $0.065 | OrdinaryDividend |
| Dec 09, 2020 | $0.018 | CapitalGainShortTerm |
| Nov 30, 2020 | $0.012 | OrdinaryDividend |
| Oct 30, 2020 | $0.011 | OrdinaryDividend |
| Sep 30, 2020 | $0.010 | OrdinaryDividend |
| Aug 31, 2020 | $0.009 | OrdinaryDividend |
| Jul 31, 2020 | $0.011 | OrdinaryDividend |
| Jun 30, 2020 | $0.015 | OrdinaryDividend |
| May 29, 2020 | $0.016 | OrdinaryDividend |
| Apr 30, 2020 | $0.016 | OrdinaryDividend |
| Mar 31, 2020 | $0.014 | OrdinaryDividend |
| Feb 28, 2020 | $0.015 | OrdinaryDividend |
| Jan 31, 2020 | $0.015 | OrdinaryDividend |
| Dec 31, 2019 | $0.010 | OrdinaryDividend |
PCEIX - Fund Manager Analysis
Managers
Scott Mather
Start Date
Tenure
Tenure Rank
Dec 10, 2019
2.47
2.5%
Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. He is a member of the Investment Committee and a generalist portfolio manager. Mr. Mather also oversees ESG portfolio integration in the U.S. Previously he was head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.
Ketish Pothalingam
Start Date
Tenure
Tenure Rank
Dec 10, 2019
2.47
2.5%
Executive Vice President, PIMCO. Mr. Pothalingam is a portfolio manager focusing on U.K. credit investing in the European portfolio management group. He is a member of PIMCO's ESG (environmental, social, and governance) team, focusing on corporate credit and global bond ESG portfolios, and is PIMCO's elected representative on the ICMA's Green Bond Principles and Social Bond Principles Executive Committee. Prior to joining PIMCO in 2009, he was a credit fund manager with Threadneedle Investments in London. Before that, he was with Lehman Brothers in London as executive director, responsible for sterling credit trading. He previously spent 11 years with HSBC Holdings in London and Tokyo. He has investment and financial services experience since 1987 and holds an undergraduate degree from University College London and a diploma (niveau moyen) from L'Institut D'Etudes Francaises de Tours. He holds the Investment Management Certificate and is a member of the UK Society of Investment Professionals.
Jelle Brons
Start Date
Tenure
Tenure Rank
Dec 10, 2019
2.47
2.5%
Mr. Brons is a portfolio manager on the global corporate bond team. Prior to joining PIMCO in 2005, Mr. Brons worked at UBS Investment Bank in the credit fixed income department, initially in credit sales and then with the team responsible for CreditDelta, a credit market and portfolio analysis tool. He has investment experience since 2002 and holds a master's degree in actuarial science and econometrics from the University of Amsterdam and a master's degree in financial engineering and quantitative analysis from the ICMA Business School at the University of Reading. He is a Certified Financial Risk Manager (FRM).
Samuel Mary
Start Date
Tenure
Tenure Rank
Dec 10, 2019
2.47
2.5%
Samuel Mary, vice President, PIMCO. Mr. Mary is an ESG research analyst, focused on the integration of ESG (environmental, social, and governance) factors into PIMCO's portfolio management and credit research. He also leads PIMCO's research on climate change. Prior to joining PIMCO in 2018, he worked as a senior ESG and sustainability research analyst at Kepler Cheuvreux, where he was responsible for the group's thematic and impact investing research product, ESG corporate access and in-house ESG integration framework, based on methodologies that integrate ESG issues within fundamental equity analysis for specific sectors. He has investment experience since 2011 and holds a master's degree in management with a specialization in finance from ESCP Europe. He was Extel's top-ranked individual for SRI Research in 2017, based on surveys of UK asset managers.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.76 | 6.74 | 4.41 |
