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PIMCO Low Duration Income Fund
mutual fund
PFIAX
Payout Change
Pending
Price as of:
$8.06
-0.01
-0.12%
primary theme
U.S. Short-Term Bond Duration
share class
PFIAX (Mutual Fund)
PIMCO Low Duration Income Fund
Payout Change
Pending
Price as of:
$8.06
-0.01
-0.12%
primary theme
U.S. Short-Term Bond Duration
share class
PFIAX (Mutual Fund)
PIMCO Low Duration Income Fund
Payout Change
Pending
Price as of:
$8.06
-0.01
-0.12%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/23/2024Price
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
6.6%
1 yr return
6.7%
3 Yr Avg Return
2.9%
5 Yr Avg Return
3.0%
Net Assets
$9.95 B
Holdings in Top 10
49.7%
52 WEEK LOW AND HIGH
$8.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load 2.25%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
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
PFIAX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.23%
- Dividend Yield 5.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Low Duration Income Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateSep 03, 2004
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEve Tournier
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 65% of its total assets in a multi-sector portfolio of Fixed Income Securities 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 Fund will seek to maintain a high and consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. The capital appreciation sought by the Fund generally arises from decreases in interest rates or improving credit fundamentals for a particular sector or security.The Fund will generally allocate its assets among several investment sectors, without limitation, which may include: (i) high yield securities (“junk bonds”) and investment grade corporate bonds of issuers located in the United States and non-U.S. countries, including emerging market countries; (ii) fixed income securities issued by U.S. and non-U.S. governments (including emerging market governments), their agencies and instrumentalities; (iii) mortgage-related and other asset backed securities; and (iv) foreign currencies, including those of emerging market countries. However, the Fund is not required to gain exposure to any one investment sector, and the Fund’s exposure to any one investment sector will vary over time. The average portfolio duration of this Fund normally varies from zero to three years based on Pacific Investment Management Company LLC’s (“PIMCO”) 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 may invest up to 30% of its total assets in high yield securities rated below investment grade by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or FitchRatings, Inc. (“Fitch”), or if unrated, as determined by PIMCO (except such 30% limitation shall not apply to the Fund’s investments in mortgage- and asset-backed securities). 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. In addition, the Fund may invest, without limitation, in securities of foreign issuers and may invest up to 15% 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 15% of its total assets.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 Fund may also invest in contingent convertible securities and up to 10% of its total assets in preferred securities.
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PFIAX - Performance
Return Ranking - Trailing
| Period | PFIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -0.9% | 18.3% | 5.76% |
| 1 Yr | 6.7% | -0.5% | 19.2% | 5.95% |
| 3 Yr | 2.9%* | -5.7% | 5.4% | 6.65% |
| 5 Yr | 3.0%* | -4.2% | 5.0% | 6.17% |
| 10 Yr | 3.7%* | -18.7% | 170.5% | 2.29% |
* Annualized
Return Ranking - Calendar
| Period | PFIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.5% | -1.6% | 7.6% | 30.96% |
| 2022 | -10.1% | -17.7% | -2.6% | 92.17% |
| 2021 | -0.7% | -4.0% | 4.4% | 9.05% |
| 2020 | 1.2% | -7.1% | 7.6% | 77.98% |
| 2019 | 1.8% | -2.3% | 9.3% | 58.94% |
Total Return Ranking - Trailing
| Period | PFIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -0.9% | 18.3% | 5.76% |
| 1 Yr | 6.7% | -0.5% | 19.2% | 5.95% |
| 3 Yr | 2.9%* | -5.7% | 5.4% | 6.65% |
| 5 Yr | 3.0%* | -4.2% | 5.0% | 6.17% |
| 10 Yr | 3.7%* | -18.7% | 170.5% | 2.29% |
* Annualized
Total Return Ranking - Calendar
| Period | PFIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.7% | 1.8% | 15.2% | 6.35% |
| 2022 | -4.6% | -17.3% | -1.3% | 42.86% |
| 2021 | 2.2% | -2.7% | 7.7% | 5.63% |
| 2020 | 4.6% | -2.4% | 14.5% | 39.30% |
| 2019 | 6.2% | 0.6% | 12.6% | 13.83% |
NAV & Total Return History
PFIAX - Holdings
Concentration Analysis
| PFIAX | Category Low | Category High | PFIAX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.95 B | 14.5 K | 58.2 B | 12.07% |
| Number of Holdings | 2469 | 2 | 7413 | 3.26% |
| Net Assets in Top 10 | 5.39 B | 1.05 M | 6.81 B | 3.83% |
| Weighting of Top 10 | 49.65% | 2.0% | 108.1% | 11.11% |
Top 10 Holdings
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 12.48%
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 10.23%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 5.88%
- FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 5.67%
- FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 4.51%
- CITIGROUP MORTGAGE LOAN TRUST CMLTI 2022 RP1 PT 144A 2.51%
- FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 2.39%
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 2.20%
- FNMA POOL MA5217 FN 12/53 FIXED 6.5 1.93%
- GS MORTGAGE BACKED SECURITIES GSMBS 2022 RPL4 PT 144A 1.86%
Asset Allocation
| Weighting | Return Low | Return High | PFIAX % Rank | |
|---|---|---|---|---|
| Bonds | 131.65% | 0.00% | 131.65% | 0.19% |
| Other | 16.51% | -0.97% | 73.75% | 22.41% |
| Convertible Bonds | 3.91% | 0.00% | 27.71% | 29.56% |
| Cash | 2.20% | -20.59% | 68.64% | 52.68% |
| Stocks | 0.45% | 0.00% | 99.96% | 16.28% |
| Preferred Stocks | 0.00% | 0.00% | 24.12% | 19.73% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PFIAX % Rank | |
|---|---|---|---|---|
| Communication Services | 65.64% | 0.00% | 65.64% | 1.67% |
| Energy | 23.84% | 0.00% | 100.00% | 45.00% |
| Financial Services | 10.36% | 0.00% | 100.00% | 40.00% |
| Real Estate | 0.16% | 0.00% | 8.31% | 21.67% |
| Utilities | 0.00% | 0.00% | 81.48% | 58.33% |
| Technology | 0.00% | 0.00% | 24.45% | 58.33% |
| Industrials | 0.00% | 0.00% | 100.00% | 60.00% |
| Healthcare | 0.00% | 0.00% | 23.11% | 58.33% |
| Consumer Defense | 0.00% | 0.00% | 21.37% | 56.67% |
| Consumer Cyclical | 0.00% | 0.00% | 10.75% | 56.67% |
| Basic Materials | 0.00% | 0.00% | 22.71% | 58.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PFIAX % Rank | |
|---|---|---|---|---|
| US | 0.45% | 0.00% | 99.96% | 15.71% |
| Non US | 0.00% | 0.00% | 2.07% | 0.77% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PFIAX % Rank | |
|---|---|---|---|---|
| Securitized | 20.58% | 0.00% | 97.27% | 65.26% |
| Corporate | 13.85% | 0.00% | 99.82% | 89.83% |
| Government | 13.47% | 0.00% | 73.63% | 59.69% |
| Derivative | 3.65% | -0.72% | 21.34% | 1.92% |
| Cash & Equivalents | 2.20% | 0.00% | 68.64% | 49.23% |
| Municipal | 0.00% | 0.00% | 14.41% | 70.25% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PFIAX % Rank | |
|---|---|---|---|---|
| US | 121.71% | 0.00% | 126.86% | 0.38% |
| Non US | 9.94% | 0.00% | 87.70% | 2.49% |
PFIAX - Expenses
Operational Fees
| PFIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.01% | 3.29% | 17.31% |
| Management Fee | 0.65% | 0.00% | 1.19% | 95.59% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 39.70% |
| Administrative Fee | 0.35% | 0.01% | 0.41% | 97.63% |
Sales Fees
| PFIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.25% | 0.50% | 5.75% | 50.00% |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| PFIAX 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.
| PFIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 500.00% | 93.90% |
PFIAX - Distributions
Dividend Yield Analysis
| PFIAX | Category Low | Category High | PFIAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.25% | 0.00% | 11.11% | 17.62% |
Dividend Distribution Analysis
| PFIAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| PFIAX | Category Low | Category High | PFIAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.23% | -1.27% | 4.98% | 8.58% |
Capital Gain Distribution Analysis
| PFIAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.035 | OrdinaryDividend |
| Oct 31, 2024 | $0.035 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.035 | OrdinaryDividend |
| Jul 31, 2024 | $0.035 | OrdinaryDividend |
| Apr 30, 2024 | $0.030 | OrdinaryDividend |
| Mar 28, 2024 | $0.030 | OrdinaryDividend |
| Feb 29, 2024 | $0.030 | OrdinaryDividend |
| Jan 31, 2024 | $0.030 | OrdinaryDividend |
| Dec 29, 2023 | $0.030 | OrdinaryDividend |
| Nov 30, 2023 | $0.030 | OrdinaryDividend |
| Oct 31, 2023 | $0.030 | OrdinaryDividend |
| Sep 29, 2023 | $0.030 | OrdinaryDividend |
| Aug 31, 2023 | $0.030 | OrdinaryDividend |
| Jul 31, 2023 | $0.030 | OrdinaryDividend |
| Jun 30, 2023 | $0.030 | OrdinaryDividend |
| May 31, 2023 | $0.030 | OrdinaryDividend |
| Apr 28, 2023 | $0.030 | OrdinaryDividend |
| Mar 31, 2023 | $0.030 | OrdinaryDividend |
| Feb 28, 2023 | $0.030 | OrdinaryDividend |
| Jan 31, 2023 | $0.030 | OrdinaryDividend |
| Dec 30, 2022 | $0.030 | OrdinaryDividend |
| Dec 27, 2022 | $0.207 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.022 | OrdinaryDividend |
| Sep 30, 2022 | $0.022 | OrdinaryDividend |
| Aug 31, 2022 | $0.022 | OrdinaryDividend |
| Jul 29, 2022 | $0.022 | OrdinaryDividend |
| Jun 30, 2022 | $0.022 | OrdinaryDividend |
| May 31, 2022 | $0.017 | OrdinaryDividend |
| Apr 29, 2022 | $0.017 | OrdinaryDividend |
| Mar 31, 2022 | $0.017 | OrdinaryDividend |
| Feb 28, 2022 | $0.017 | OrdinaryDividend |
| Jan 31, 2022 | $0.017 | OrdinaryDividend |
| Dec 31, 2021 | $0.017 | OrdinaryDividend |
| Dec 28, 2021 | $0.024 | OrdinaryDividend |
| Nov 30, 2021 | $0.017 | OrdinaryDividend |
| Oct 29, 2021 | $0.017 | OrdinaryDividend |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.017 | OrdinaryDividend |
| Jul 30, 2021 | $0.017 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.017 | OrdinaryDividend |
| Mar 31, 2021 | $0.009 | ReturnOfCapital |
| Mar 31, 2021 | $0.008 | OrdinaryDividend |
| Feb 26, 2021 | $0.009 | ReturnOfCapital |
| Feb 26, 2021 | $0.008 | OrdinaryDividend |
| Jan 29, 2021 | $0.009 | ReturnOfCapital |
| Jan 29, 2021 | $0.008 | OrdinaryDividend |
| Dec 31, 2020 | $0.002 | ReturnOfCapital |
| Dec 31, 2020 | $0.018 | OrdinaryDividend |
| Nov 30, 2020 | $0.002 | ReturnOfCapital |
| Nov 30, 2020 | $0.019 | OrdinaryDividend |
| Oct 30, 2020 | $0.002 | ReturnOfCapital |
| Oct 30, 2020 | $0.019 | OrdinaryDividend |
| Sep 30, 2020 | $0.002 | ReturnOfCapital |
| Sep 30, 2020 | $0.019 | OrdinaryDividend |
| Aug 31, 2020 | $0.002 | ReturnOfCapital |
| Aug 31, 2020 | $0.019 | OrdinaryDividend |
| Jul 31, 2020 | $0.002 | ReturnOfCapital |
| Jul 31, 2020 | $0.019 | OrdinaryDividend |
| Jun 30, 2020 | $0.002 | ReturnOfCapital |
| Jun 30, 2020 | $0.019 | OrdinaryDividend |
| May 29, 2020 | $0.002 | ReturnOfCapital |
| May 29, 2020 | $0.020 | OrdinaryDividend |
| Apr 30, 2020 | $0.002 | ReturnOfCapital |
| Apr 30, 2020 | $0.020 | OrdinaryDividend |
| Mar 31, 2020 | $0.022 | OrdinaryDividend |
| Feb 28, 2020 | $0.022 | OrdinaryDividend |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.022 | OrdinaryDividend |
| Dec 26, 2019 | $0.075 | Extra |
| Nov 29, 2019 | $0.022 | OrdinaryDividend |
| Oct 31, 2019 | $0.022 | OrdinaryDividend |
| Sep 30, 2019 | $0.022 | OrdinaryDividend |
| Aug 30, 2019 | $0.029 | OrdinaryDividend |
| Jul 31, 2019 | $0.027 | OrdinaryDividend |
| Dec 12, 2007 | $0.114 | CapitalGainShortTerm |
| Dec 12, 2007 | $0.004 | CapitalGainLongTerm |
| Dec 13, 2006 | $0.044 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.008 | CapitalGainLongTerm |
| Dec 13, 2004 | $0.001 | CapitalGainShortTerm |
PFIAX - Fund Manager Analysis
Managers
Eve Tournier
Start Date
Tenure
Tenure Rank
Mar 11, 2016
6.22
6.2%
Ms. Tournier is a managing director in the London office and head of pan-European credit portfolio management. Prior to joining PIMCO in 2008, she was a managing director and European head of high yield credit trading with Deutsche Bank in London. Previously, she worked in credit derivatives trading at Deutsche Bank and at J.P. Morgan in New York. She holds a master’s degree in operations research and financial engineering from Cornell University and an undergraduate degree from Ecole Centrale de Lyon.
Alfred Murata
Start Date
Tenure
Tenure Rank
May 26, 2016
6.02
6.0%
Mr. Murata is a managing director and portfolio manager in the Newport Beach office, managing income-oriented, multi-sector credit, opportunistic and securitized strategies. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013. Prior to joining PIMCO in 2001, he researched and implemented exotic equity and interest rate derivatives at Nikko Financial Technologies. He holds a Ph.D. in engineering-economic systems and operations research from Stanford University. He also earned a J.D. from Stanford Law School and is a member of the State Bar of California.
Daniel Ivascyn
Start Date
Tenure
Tenure Rank
May 26, 2016
6.02
6.0%
Mr. Ivascyn is Group Chief Investment Officer and a managing director in the Newport Beach office. He is lead portfolio manager for the firm’s income strategies and credit hedge fund and mortgage opportunistic strategies. Prior to joining PIMCO in 1998, he worked at Bear Stearns in the asset-backed securities group, as well as T. Rowe Price and Fidelity Investments. He holds an MBA in analytic finance from the University of Chicago Graduate School of Business and a bachelor's degree in economics from Occidental College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
