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PIMCO Mortgage Opportunities and Bond Fund
mutual fund
PMZPX
Payout Change
Pending
Price as of:
$9.24
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
PMZPX (Mutual Fund)
PIMCO Mortgage Opportunities and Bond Fund
Payout Change
Pending
Price as of:
$9.24
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
PMZPX (Mutual Fund)
PIMCO Mortgage Opportunities and Bond Fund
Payout Change
Pending
Price as of:
$9.24
+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
5.2%
1 yr return
8.0%
3 Yr Avg Return
1.6%
5 Yr Avg Return
2.4%
Net Assets
$9.07 B
Holdings in Top 10
80.9%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
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 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
PMZPX - Profile
Distributions
- YTD Total Return 5.2%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.12%
- Dividend Yield 7.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Mortgage Opportunities and Bond Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateOct 22, 2012
-
Shares OutstandingN/A
-
Share ClassI2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlfred Murata
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a portfolio of mortgage-related assets, including, but not limited to Agency residential and commercial mortgage-backed securities (“MBS”) and private label residential and commercial MBS, and of Fixed Income Instruments, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Agency MBS refers to MBS issued by government-sponsored enterprises, such as the Government National Mortgage Association (“GNMA” or “Ginnie Mae”), the Federal National Mortgage Association (“FNMA” or “Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”). “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 invest in a broad array of mortgage-related securities in seeking to generate consistent, absolute returns across full market cycles. The average portfolio duration of this Fund normally varies from (negative) 1 year to positive 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 may invest up to 50% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Rating Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, as determined by PIMCO (except such limitation shall not apply to the Fund’s investments in mortgage-related 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.The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts, options on futures, fixed income swap agreements, credit default swap agreements and other synthetic mortgage-related swap indices, 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 up to 10% of its total assets in any combination of mortgage-related or other asset-backed interest-only (“IO”), principal-only (“PO”), or inverse floating rate debt (“inverse floater”) securities. The Fund may invest up to 10% of its total assets in mortgage- or real estate-related equity instruments, including preferred securities, common stock, convertible securities and other equity-related instruments. 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.
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PMZPX - Performance
Return Ranking - Trailing
| Period | PMZPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.2% | -10.1% | 17.5% | 59.88% |
| 1 Yr | 8.0% | -6.8% | 20.9% | 70.83% |
| 3 Yr | 1.6%* | -16.6% | 16.3% | 43.67% |
| 5 Yr | 2.4%* | -14.2% | 14.0% | 52.16% |
| 10 Yr | 2.9%* | -7.1% | 6.8% | 42.03% |
* Annualized
Return Ranking - Calendar
| Period | PMZPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | -12.0% | 8.9% | 84.75% |
| 2022 | -13.0% | -31.8% | 18.4% | 48.34% |
| 2021 | -1.5% | -16.2% | 25.7% | 51.31% |
| 2020 | 1.3% | -31.1% | 18.7% | 55.24% |
| 2019 | 0.6% | -6.1% | 15.3% | 89.25% |
Total Return Ranking - Trailing
| Period | PMZPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.2% | -10.1% | 17.5% | 59.88% |
| 1 Yr | 8.0% | -6.8% | 20.9% | 70.83% |
| 3 Yr | 1.6%* | -16.6% | 16.3% | 43.67% |
| 5 Yr | 2.4%* | -14.2% | 14.0% | 52.16% |
| 10 Yr | 2.9%* | -7.1% | 6.8% | 42.03% |
* Annualized
Total Return Ranking - Calendar
| Period | PMZPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.5% | -6.9% | 22.2% | 57.63% |
| 2022 | -6.7% | -31.8% | 21.1% | 33.33% |
| 2021 | 2.2% | -13.5% | 49.9% | 50.49% |
| 2020 | 5.6% | -28.6% | 24.1% | 50.09% |
| 2019 | 5.0% | -4.8% | 19.1% | 84.64% |
NAV & Total Return History
PMZPX - Holdings
Concentration Analysis
| PMZPX | Category Low | Category High | PMZPX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.07 B | 2.63 M | 143 B | 9.21% |
| Number of Holdings | 2665 | 4 | 9195 | 3.42% |
| Net Assets in Top 10 | 7.79 B | -204 M | 80.4 B | 2.02% |
| Weighting of Top 10 | 80.93% | 5.8% | 265.8% | 10.66% |
Top 10 Holdings
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 22.04%
- FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 10.56%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 9.94%
- GNMA II TBA 30 YR 3 JUMBOS 7.02%
- FNMA TBA 30 YR 3.5 SINGLE FAMILY MORTGAGE 6.63%
- FNMA TBA 30 YR 7 SINGLE FAMILY MORTGAGE 6.54%
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 5.76%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 4.79%
- FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 3.92%
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 3.73%
Asset Allocation
| Weighting | Return Low | Return High | PMZPX % Rank | |
|---|---|---|---|---|
| Bonds | 160.53% | 0.00% | 199.60% | 2.18% |
| Cash | 0.34% | -94.66% | 99.97% | 86.16% |
| Stocks | 0.00% | -6.18% | 99.66% | 93.16% |
| Preferred Stocks | 0.00% | 0.00% | 26.42% | 86.94% |
| Convertible Bonds | 0.00% | 0.00% | 33.50% | 96.49% |
| Other | -2.14% | -73.61% | 147.15% | 94.40% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PMZPX % Rank | |
|---|---|---|---|---|
| Securitized | 28.23% | 0.00% | 99.65% | 32.91% |
| Government | 17.79% | 0.00% | 99.43% | 34.51% |
| Derivative | 6.38% | -73.61% | 147.15% | 4.37% |
| Cash & Equivalents | 0.34% | 0.00% | 94.89% | 83.46% |
| Corporate | 0.20% | 0.00% | 96.66% | 93.10% |
| Municipal | 0.00% | 0.00% | 54.26% | 87.80% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PMZPX % Rank | |
|---|---|---|---|---|
| US | 158.98% | 0.00% | 199.60% | 2.02% |
| Non US | 1.56% | 0.00% | 74.14% | 52.57% |
PMZPX - Expenses
Operational Fees
| PMZPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.24% | 0.03% | 20.67% | 14.42% |
| Management Fee | 0.70% | 0.00% | 2.29% | 69.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.35% | 0.00% | 0.70% | 88.26% |
Sales Fees
| PMZPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| PMZPX 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.
| PMZPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 632.00% | 98.34% |
PMZPX - Distributions
Dividend Yield Analysis
| PMZPX | Category Low | Category High | PMZPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.45% | 0.00% | 23.30% | 11.40% |
Dividend Distribution Analysis
| PMZPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PMZPX | Category Low | Category High | PMZPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.12% | -1.55% | 11.51% | 44.08% |
Capital Gain Distribution Analysis
| PMZPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.057 | OrdinaryDividend |
| Sep 30, 2024 | $0.055 | OrdinaryDividend |
| Aug 30, 2024 | $0.065 | OrdinaryDividend |
| Jul 31, 2024 | $0.060 | OrdinaryDividend |
| Apr 30, 2024 | $0.053 | OrdinaryDividend |
| Mar 28, 2024 | $0.058 | OrdinaryDividend |
| Feb 29, 2024 | $0.055 | OrdinaryDividend |
| Jan 31, 2024 | $0.057 | OrdinaryDividend |
| Dec 29, 2023 | $0.060 | OrdinaryDividend |
| Dec 26, 2023 | $0.026 | OrdinaryDividend |
| Nov 30, 2023 | $0.055 | OrdinaryDividend |
| Oct 31, 2023 | $0.056 | OrdinaryDividend |
| Sep 29, 2023 | $0.049 | OrdinaryDividend |
| Aug 31, 2023 | $0.044 | OrdinaryDividend |
| Jul 31, 2023 | $0.041 | OrdinaryDividend |
| Jun 30, 2023 | $0.045 | OrdinaryDividend |
| May 31, 2023 | $0.044 | OrdinaryDividend |
| Apr 28, 2023 | $0.044 | OrdinaryDividend |
| Mar 31, 2023 | $0.057 | OrdinaryDividend |
| Feb 28, 2023 | $0.049 | OrdinaryDividend |
| Jan 31, 2023 | $0.050 | OrdinaryDividend |
| Dec 30, 2022 | $0.058 | OrdinaryDividend |
| Dec 27, 2022 | $0.212 | OrdinaryDividend |
| Nov 30, 2022 | $0.042 | OrdinaryDividend |
| Oct 31, 2022 | $0.042 | OrdinaryDividend |
| Sep 30, 2022 | $0.047 | OrdinaryDividend |
| Aug 31, 2022 | $0.038 | OrdinaryDividend |
| Jul 29, 2022 | $0.037 | OrdinaryDividend |
| Jun 30, 2022 | $0.037 | OrdinaryDividend |
| May 31, 2022 | $0.031 | OrdinaryDividend |
| Apr 29, 2022 | $0.033 | OrdinaryDividend |
| Mar 31, 2022 | $0.033 | OrdinaryDividend |
| Feb 28, 2022 | $0.030 | OrdinaryDividend |
| Jan 31, 2022 | $0.027 | OrdinaryDividend |
| Dec 31, 2021 | $0.031 | OrdinaryDividend |
| Dec 28, 2021 | $0.039 | OrdinaryDividend |
| Nov 30, 2021 | $0.028 | OrdinaryDividend |
| Oct 29, 2021 | $0.029 | OrdinaryDividend |
| Sep 30, 2021 | $0.028 | OrdinaryDividend |
| Aug 31, 2021 | $0.028 | OrdinaryDividend |
| Jul 30, 2021 | $0.030 | OrdinaryDividend |
| Jun 30, 2021 | $0.028 | OrdinaryDividend |
| May 28, 2021 | $0.027 | OrdinaryDividend |
| Apr 30, 2021 | $0.030 | OrdinaryDividend |
| Mar 31, 2021 | $0.029 | OrdinaryDividend |
| Feb 26, 2021 | $0.027 | OrdinaryDividend |
| Jan 29, 2021 | $0.027 | OrdinaryDividend |
| Dec 31, 2020 | $0.030 | OrdinaryDividend |
| Dec 28, 2020 | $0.078 | OrdinaryDividend |
| Nov 30, 2020 | $0.027 | OrdinaryDividend |
| Oct 30, 2020 | $0.030 | OrdinaryDividend |
| Sep 30, 2020 | $0.028 | OrdinaryDividend |
| Aug 31, 2020 | $0.027 | OrdinaryDividend |
| Jul 31, 2020 | $0.031 | OrdinaryDividend |
| Jun 30, 2020 | $0.028 | OrdinaryDividend |
| May 29, 2020 | $0.029 | OrdinaryDividend |
| Apr 30, 2020 | $0.028 | OrdinaryDividend |
| Mar 31, 2020 | $0.028 | OrdinaryDividend |
| Feb 28, 2020 | $0.027 | OrdinaryDividend |
| Jan 31, 2020 | $0.030 | OrdinaryDividend |
| Dec 31, 2019 | $0.029 | OrdinaryDividend |
| Dec 26, 2019 | $0.119 | Extra |
| Nov 29, 2019 | $0.029 | OrdinaryDividend |
| Oct 31, 2019 | $0.029 | OrdinaryDividend |
| Sep 30, 2019 | $0.027 | OrdinaryDividend |
| Aug 30, 2019 | $0.031 | OrdinaryDividend |
| Jul 31, 2019 | $0.029 | OrdinaryDividend |
| Dec 26, 2018 | $0.112 | ExtraDividend |
| Dec 28, 2016 | $0.068 | ExtraDividend |
| Dec 29, 2015 | $0.094 | ExtraDividend |
| Dec 29, 2014 | $0.045 | ExtraDividend |
| Dec 11, 2013 | $0.016 | CapitalGainShortTerm |
PMZPX - Fund Manager Analysis
Managers
Alfred Murata
Start Date
Tenure
Tenure Rank
Oct 22, 2012
9.61
9.6%
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 Hyman
Start Date
Tenure
Tenure Rank
Oct 22, 2012
9.61
9.6%
Mr. Hyman is a managing director and co-head of the agency mortgage portfolio management team in the Newport Beach office. He is the lead portfolio manager on PIMCO's Ginnie Mae and Mortgage Opportunities Strategies and serves as a member of PIMCO's Executive Committee. Prior to joining PIMCO in 2008, Mr. Hyman was a vice president at Credit Suisse where he traded agency pass-throughs. He holds an undergraduate degree from Lehigh University.
Joshua Anderson
Start Date
Tenure
Tenure Rank
Oct 22, 2012
9.61
9.6%
Mr. Anderson is a managing director and portfolio manager in the London office. He is one of the lead portfolio managers for PIMCO’s mortgage and real estate-related opportunistic strategies and oversees PIMCO's European opportunistic investments across public and private mortgage, real estate and specialty finance markets. Previously, he was a structured product portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2003, he was an analyst at Merrill Lynch covering both the residential ABS and collateralized debt obligation sectors and was ranked as one of the top analysts b
Jing Yang
Start Date
Tenure
Tenure Rank
Jul 30, 2018
3.84
3.8%
Ms. Yang is an executive vice president and a mortgage specialist in the structured credit group in the Newport Beach office. Prior to joining Pacific Investment Management Company LLC in 2006, she worked in home equity loan structuring at Morgan Stanley in New York. She has eight years of investment experience and holds a Ph.D. in Bioinformatics and a master's degree in statistics from the University of Chicago.Ms. Yang is an Executive Vice President of Pacific Investment Management Company LLC.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
