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PIMCO Emerging Markets Corporate Bond Fund
mutual fund
PEMIX
Payout Change
Pending
Price as of:
$9.05
-0.01
-0.11%
primary theme
Emerging Markets Bond
share class
PEMIX (Mutual Fund)
PIMCO Emerging Markets Corporate Bond Fund
Payout Change
Pending
Price as of:
$9.05
-0.01
-0.11%
primary theme
Emerging Markets Bond
share class
PEMIX (Mutual Fund)
PIMCO Emerging Markets Corporate Bond Fund
Payout Change
Pending
Price as of:
$9.05
-0.01
-0.11%
primary theme
Emerging Markets 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
6.2%
1 yr return
6.4%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
0.7%
Net Assets
$70.7 M
Holdings in Top 10
16.2%
52 WEEK LOW AND HIGH
$9.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.00%
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
PEMIX - Profile
Distributions
- YTD Total Return 6.2%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.39%
- Dividend Yield 5.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Emerging Markets Corporate Bond Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateJul 02, 2009
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKofi Bentsi
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 corporate Fixed Income Instruments that are economically tied to emerging market countries, 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. Such instruments may be denominated in non-U.S. currencies and the U.S. dollar. The average portfolio duration of this Fund normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the JPMorgan Corporate Emerging Markets Bond Index Diversified (CEMBI), as calculated by PIMCO, which as of May 31, 2024 was 4.01 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.PIMCO has broad discretion to identify countries that it considers to qualify as emerging markets. The Fund emphasizes countries with relatively low gross national product per capita and with the potential for rapid economic growth. PIMCO will select the Fund’s country and currency composition based on its evaluation of relative interest rates, inflation rates, exchange rates, monetary and fiscal policies, trade and current account balances, legal and political developments, and any other specific factors PIMCO believes to be relevant. The Fund likely will focus its investments in Asia, Africa, the Middle East, Latin America and the developing countries of Europe. The Fund may invest in instruments whose return is based on the return of an emerging market security or a currency of an emerging market country, such as a derivative instrument, rather than investing directly in emerging market securities or currencies.The Fund may invest in both investment-grade securities and high yield securities (“junk bonds”) subject to a maximum of 15% 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 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 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). 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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PEMIX - Performance
Return Ranking - Trailing
| Period | PEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.2% | -9.6% | 449.0% | 43.34% |
| 1 Yr | 6.4% | -9.1% | 449.0% | 48.12% |
| 3 Yr | -0.6%* | -8.5% | 57.9% | 68.10% |
| 5 Yr | 0.7%* | -8.1% | 28.5% | 36.67% |
| 10 Yr | 2.9%* | -4.9% | 14.5% | 29.35% |
* Annualized
Return Ranking - Calendar
| Period | PEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.7% | -10.6% | 17.8% | 92.83% |
| 2022 | -16.6% | -29.1% | -2.4% | 37.10% |
| 2021 | -4.0% | -24.0% | 2.7% | 7.17% |
| 2020 | 1.7% | -14.0% | 9.7% | 34.81% |
| 2019 | 6.8% | -6.4% | 13.0% | 69.17% |
Total Return Ranking - Trailing
| Period | PEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.2% | -9.6% | 449.0% | 43.34% |
| 1 Yr | 6.4% | -9.1% | 449.0% | 48.12% |
| 3 Yr | -0.6%* | -8.5% | 57.9% | 68.10% |
| 5 Yr | 0.7%* | -8.1% | 28.5% | 36.67% |
| 10 Yr | 2.9%* | -4.9% | 14.5% | 29.35% |
* Annualized
Total Return Ranking - Calendar
| Period | PEMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.3% | -0.6% | 20.0% | 90.78% |
| 2022 | -13.0% | -27.6% | -1.7% | 48.06% |
| 2021 | -0.4% | -18.5% | 7.4% | 12.54% |
| 2020 | 6.1% | -7.8% | 18.0% | 35.93% |
| 2019 | 11.9% | -3.0% | 23.0% | 72.56% |
NAV & Total Return History
PEMIX - Holdings
Concentration Analysis
| PEMIX | Category Low | Category High | PEMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 70.7 M | 565 K | 14.9 B | 69.28% |
| Number of Holdings | 475 | 4 | 1860 | 26.28% |
| Net Assets in Top 10 | 13.5 M | -134 M | 1.25 B | 73.72% |
| Weighting of Top 10 | 16.25% | 5.8% | 102.5% | 65.52% |
Top 10 Holdings
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 4.56%
- QNB FINANCE LTD COMPANY GUAR REGS 05/25 2.625 1.90%
- NBK SPC LTD COMPANY GUAR REGS 09/27 VAR 1.48%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 1.45%
- DEVELOPMENT BANK OF SOUTHERN 10/24 8.6 1.27%
- ISRAEL ELECTRIC CORP LTD SR SECURED 144A REGS 08/28 4.2 1.16%
- TEVA PHARM FNC NL II COMPANY GUAR 05/27 3.75 1.14%
- ANGLO AMERICAN CAPITAL COMPANY GUAR 144A 05/33 5.5 1.12%
- BANK LEUMI LE ISRAEL SUBORDINATED 144A REGS 07/33 V 1.09%
- KAZMUNAYGAS NATIONAL CO SR UNSECURED REGS 10/48 6.375 1.08%
Asset Allocation
| Weighting | Return Low | Return High | PEMIX % Rank | |
|---|---|---|---|---|
| Bonds | 100.50% | 0.00% | 100.50% | 0.34% |
| Cash | 4.56% | 0.00% | 29.76% | 45.39% |
| Convertible Bonds | 3.94% | 0.00% | 8.47% | 2.41% |
| Stocks | 0.00% | -0.01% | 96.78% | 91.47% |
| Preferred Stocks | 0.00% | 0.00% | 2.24% | 88.40% |
| Other | -3.16% | -10.15% | 91.74% | 96.59% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PEMIX % Rank | |
|---|---|---|---|---|
| Corporate | 61.20% | 0.00% | 91.26% | 14.14% |
| Government | 17.81% | 0.00% | 99.79% | 87.24% |
| Cash & Equivalents | 4.56% | 0.00% | 23.23% | 31.40% |
| Securitized | 1.31% | 0.00% | 2.41% | 0.69% |
| Derivative | 0.25% | -1.67% | 7.50% | 21.84% |
| Municipal | 0.00% | 0.00% | 0.00% | 87.93% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PEMIX % Rank | |
|---|---|---|---|---|
| US | 90.91% | -42.31% | 99.43% | 31.74% |
| Non US | 9.59% | 0.00% | 132.49% | 61.77% |
PEMIX - Expenses
Operational Fees
| PEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.02% | 32.92% | 69.86% |
| Management Fee | 0.90% | 0.00% | 1.10% | 92.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.40% | 0.02% | 0.65% | 85.71% |
Sales Fees
| PEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| PEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 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.
| PEMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 39.00% | 0.00% | 218.00% | 28.13% |
PEMIX - Distributions
Dividend Yield Analysis
| PEMIX | Category Low | Category High | PEMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.72% | 0.00% | 22.22% | 64.85% |
Dividend Distribution Analysis
| PEMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| PEMIX | Category Low | Category High | PEMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.39% | -2.28% | 8.00% | 81.82% |
Capital Gain Distribution Analysis
| PEMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.043 | OrdinaryDividend |
| Oct 31, 2024 | $0.045 | OrdinaryDividend |
| Sep 30, 2024 | $0.044 | OrdinaryDividend |
| Aug 30, 2024 | $0.045 | OrdinaryDividend |
| Jul 31, 2024 | $0.039 | OrdinaryDividend |
| Apr 30, 2024 | $0.039 | OrdinaryDividend |
| Mar 28, 2024 | $0.039 | OrdinaryDividend |
| Feb 29, 2024 | $0.038 | OrdinaryDividend |
| Jan 31, 2024 | $0.040 | OrdinaryDividend |
| Dec 29, 2023 | $0.038 | OrdinaryDividend |
| Nov 30, 2023 | $0.036 | OrdinaryDividend |
| Oct 31, 2023 | $0.036 | OrdinaryDividend |
| Sep 29, 2023 | $0.039 | OrdinaryDividend |
| Aug 31, 2023 | $0.037 | OrdinaryDividend |
| Jul 31, 2023 | $0.036 | OrdinaryDividend |
| Jun 30, 2023 | $0.040 | OrdinaryDividend |
| May 31, 2023 | $0.036 | OrdinaryDividend |
| Apr 28, 2023 | $0.033 | OrdinaryDividend |
| Mar 31, 2023 | $0.037 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.033 | OrdinaryDividend |
| Dec 30, 2022 | $0.035 | OrdinaryDividend |
| Nov 30, 2022 | $0.032 | OrdinaryDividend |
| Oct 31, 2022 | $0.028 | OrdinaryDividend |
| Sep 30, 2022 | $0.031 | OrdinaryDividend |
| Aug 31, 2022 | $0.028 | OrdinaryDividend |
| Jul 29, 2022 | $0.027 | OrdinaryDividend |
| Jun 30, 2022 | $0.027 | OrdinaryDividend |
| May 31, 2022 | $0.026 | OrdinaryDividend |
| Apr 29, 2022 | $0.030 | OrdinaryDividend |
| Mar 31, 2022 | $0.029 | OrdinaryDividend |
| Feb 28, 2022 | $0.030 | OrdinaryDividend |
| Jan 31, 2022 | $0.028 | OrdinaryDividend |
| Dec 31, 2021 | $0.032 | OrdinaryDividend |
| Nov 30, 2021 | $0.027 | OrdinaryDividend |
| Oct 29, 2021 | $0.032 | OrdinaryDividend |
| Sep 30, 2021 | $0.033 | OrdinaryDividend |
| Aug 31, 2021 | $0.029 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.032 | OrdinaryDividend |
| May 28, 2021 | $0.026 | OrdinaryDividend |
| Apr 30, 2021 | $0.029 | OrdinaryDividend |
| Mar 31, 2021 | $0.030 | OrdinaryDividend |
| Feb 26, 2021 | $0.032 | OrdinaryDividend |
| Jan 29, 2021 | $0.028 | OrdinaryDividend |
| Dec 31, 2020 | $0.032 | OrdinaryDividend |
| Nov 30, 2020 | $0.035 | OrdinaryDividend |
| Oct 30, 2020 | $0.039 | OrdinaryDividend |
| Sep 30, 2020 | $0.036 | OrdinaryDividend |
| Aug 31, 2020 | $0.030 | OrdinaryDividend |
| Jul 31, 2020 | $0.035 | OrdinaryDividend |
| Jun 30, 2020 | $0.030 | OrdinaryDividend |
| May 29, 2020 | $0.035 | OrdinaryDividend |
| Apr 30, 2020 | $0.035 | OrdinaryDividend |
| Mar 31, 2020 | $0.034 | OrdinaryDividend |
| Feb 28, 2020 | $0.035 | OrdinaryDividend |
| Jan 31, 2020 | $0.040 | OrdinaryDividend |
| Dec 31, 2019 | $0.038 | OrdinaryDividend |
| Nov 29, 2019 | $0.042 | OrdinaryDividend |
| Oct 31, 2019 | $0.038 | OrdinaryDividend |
| Sep 30, 2019 | $0.038 | OrdinaryDividend |
| Aug 30, 2019 | $0.043 | OrdinaryDividend |
| Jul 31, 2019 | $0.043 | OrdinaryDividend |
| Dec 11, 2013 | $0.118 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.078 | CapitalGainLongTerm |
| Dec 12, 2012 | $0.031 | CapitalGainShortTerm |
| Dec 12, 2012 | $0.035 | CapitalGainLongTerm |
| Dec 07, 2011 | $0.019 | CapitalGainShortTerm |
| Dec 07, 2011 | $0.010 | CapitalGainLongTerm |
| Dec 08, 2010 | $0.214 | CapitalGainShortTerm |
| Dec 08, 2010 | $0.038 | CapitalGainLongTerm |
| Dec 09, 2009 | $0.053 | CapitalGainShortTerm |
PEMIX - Fund Manager Analysis
Managers
Kofi Bentsi
Start Date
Tenure
Tenure Rank
Dec 08, 2016
5.48
5.5%
Mr. Bentsi is a senior vice president and portfolio manager in the London office, focusing on emerging market corporate bond portfolios. Prior to joining PIMCO in 2012, he was a director and senior trader at Credit Suisse, focusing on Latin American corporate credit. Previously, he was a vice president and senior trader with J.P. Morgan, and an executive director and senior trader with Morgan Stanley. He holds an undergraduate degree in economics from Bowdoin College.
Mohit Mittal
Start Date
Tenure
Tenure Rank
Dec 08, 2016
5.48
5.5%
Mr. Mittal is a managing director and portfolio manager in the Newport Beach office, and a senior member of the liability driven investment and credit portfolio management teams. He manages multi-sector portfolios with added specialization in long credit, investment grade credit and unconstrained bond portfolios. He joined PIMCO in 2007 and holds an MBA from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India.
Yacov Arnopolin
Start Date
Tenure
Tenure Rank
Dec 08, 2016
5.48
5.5%
Mr. Arnopolinis a managing director and portfolio manager in the New York office. He is co-chair of the emerging markets portfolio committee (EMPC). Prior to joining PIMCO in 2016, Mr. Arnopolin served as a managing director overseeing emerging market fixed income portfolios at Goldman Sachs Asset Management. Previously, he worked as a portfolio manager at Fortress Investment Group. Mr. Arnopolin started his career in the fixed income departments at Citigroup and Deutsche Bank, trading mortgages and emerging markets products. He has 22 years of investment experience and holds a bachelor's degree in economics from Carnegie Mellon University. He also serves on the Board of Trustees of the Cancer Research Institute.
Michal Bar
Start Date
Tenure
Tenure Rank
Oct 30, 2020
1.58
1.6%
Ms. Bar is a senior vice president and portfolio manager in the London office, focusing on emerging markets (EM) corporate credit. Prior to joining PIMCO in 2019, she was a portfolio manager in the Brevan Howard Macro Fund and a senior member in the Brevan Howard Emerging Markets Strategies Fund, contributing to the analysis, trading, portfolio construction and management of the EM corporate credit portfolio, as well as leading a team of corporate analysts. Earlier in her career, Ms. Bar held research roles within the main fund of Brevan Howard, with a focus on EM corporate credit and equity. She has 14 years of investment experience and holds an undergraduate degree from Syracuse University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.15 | 23.87 | 6.5 | 6.11 |
