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Trending ETFs

PIMCO Credit Opportunities Bond Fund

mutual fund
PPCRX
Payout Change
Pending
Price as of:
$9.67 +0.01 +0.1%
primary theme
Bond Sector Diversified
share class
A (PZCRX) I2 (PPCRX) Instl (PCARX) C (PCCRX)
PPCRX (Mutual Fund)

PIMCO Credit Opportunities Bond Fund

Payout Change
Pending
Price as of:
$9.67 +0.01 +0.1%
primary theme
Bond Sector Diversified
share class
A (PZCRX) I2 (PPCRX) Instl (PCARX) C (PCCRX)
PPCRX (Mutual Fund)

PIMCO Credit Opportunities Bond Fund

Payout Change
Pending
Price as of:
$9.67 +0.01 +0.1%
primary theme
Bond Sector Diversified
share class
A (PZCRX) I2 (PPCRX) Instl (PCARX) C (PCCRX)

Name

As of 11/22/2024

Price

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

PIMCO Credit Opportunities Bond Fund

PPCRX | Fund

$9.67

$349 M

5.08%

$0.49

0.77%

Vitals

YTD Return

6.7%

1 yr return

10.0%

3 Yr Avg Return

3.9%

5 Yr Avg Return

3.3%

Net Assets

$349 M

Holdings in Top 10

30.4%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 84.00%

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 11/22/2024

Price

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

PIMCO Credit Opportunities Bond Fund

PPCRX | Fund

$9.67

$349 M

5.08%

$0.49

0.77%

PPCRX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO Credit Opportunities Bond Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Aug 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark 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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PPCRX - Performance

Return Ranking - Trailing

Period PPCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -11.6% 17.5% 29.78%
1 Yr 10.0% -8.3% 20.4% 40.43%
3 Yr 3.9%* -16.9% 16.4% 11.87%
5 Yr 3.3%* -14.5% 14.0% 23.92%
10 Yr 3.4%* -7.3% 6.8% 20.27%

* Annualized

Return Ranking - Calendar

Period PPCRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -12.0% 8.9% 27.12%
2022 -6.9% -31.8% 18.4% 18.64%
2021 -2.0% -16.2% 25.7% 63.89%
2020 -0.4% -31.1% 18.7% 67.14%
2019 4.2% -6.1% 15.3% 55.66%

Total Return Ranking - Trailing

Period PPCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -11.6% 17.5% 29.78%
1 Yr 10.0% -8.3% 20.4% 40.43%
3 Yr 3.9%* -16.9% 16.4% 11.87%
5 Yr 3.3%* -14.5% 14.0% 23.92%
10 Yr 3.4%* -7.3% 6.8% 20.27%

* Annualized

Total Return Ranking - Calendar

Period PPCRX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -6.9% 22.2% 43.91%
2022 -3.4% -31.8% 21.1% 19.43%
2021 1.3% -13.5% 49.9% 63.73%
2020 3.4% -28.6% 24.1% 68.74%
2019 8.4% -4.8% 19.1% 53.36%

NAV & Total Return History

PPCRX - Holdings

Concentration Analysis

PPCRX Category Low Category High PPCRX % Rank
Net Assets 349 M 2.63 M 143 B 60.79%
Number of Holdings 667 4 9195 37.95%
Net Assets in Top 10 112 M -204 M 80.4 B 59.88%
Weighting of Top 10 30.39% 5.8% 265.8% 41.54%

Top 10 Holdings

  1. TSY INFL IX N/B 04/29 2.125 7.58%
  2. FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 7.08%
  3. FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 3.98%
  4. PIMCO SENIOR LOAN ACTIVE EXCHA PIMCO SENIOR LOAN ACTIVE ETF 2.29%
  5. FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 2.25%
  6. BOEING CO SR UNSECURED 144A 05/29 6.298 1.65%
  7. FED HM LN PC POOL SD8275 FR 12/52 FIXED 4.5 1.63%
  8. JPMORGAN CHASE + CO SR UNSECURED 05/28 VAR 1.56%
  9. WELLS FARGO + COMPANY SR UNSECURED 07/33 VAR 1.20%
  10. MORGAN STANLEY SR UNSECURED 07/33 VAR 1.17%

Asset Allocation

Weighting Return Low Return High PPCRX % Rank
Bonds 		120.35% 0.00% 199.60% 7.31%
Stocks 		2.33% -6.18% 99.66% 31.88%
Convertible Bonds 		0.47% 0.00% 33.50% 64.70%
Cash 		0.01% -94.66% 99.97% 90.36%
Preferred Stocks 		0.00% 0.00% 26.42% 54.59%
Other 		-9.73% -73.61% 147.15% 97.05%

Stock Sector Breakdown

Weighting Return Low Return High PPCRX % Rank
Utilities 		0.00% 0.00% 100.00% 90.14%
Technology 		0.00% 0.00% 28.30% 85.92%
Real Estate 		0.00% 0.00% 100.00% 91.55%
Industrials 		0.00% 0.00% 100.00% 92.96%
Healthcare 		0.00% 0.00% 18.60% 91.55%
Financial Services 		0.00% 0.00% 100.00% 85.92%
Energy 		0.00% 0.00% 100.00% 84.51%
Communication Services 		0.00% 0.00% 100.00% 94.37%
Consumer Defense 		0.00% 0.00% 99.97% 84.51%
Consumer Cyclical 		0.00% 0.00% 89.95% 2.82%
Basic Materials 		0.00% 0.00% 100.00% 90.14%

Stock Geographic Breakdown

Weighting Return Low Return High PPCRX % Rank
US 		2.33% -6.18% 99.66% 30.64%
Non US 		0.00% -0.26% 17.73% 39.04%

Bond Sector Breakdown

Weighting Return Low Return High PPCRX % Rank
Corporate 		35.36% 0.00% 96.66% 50.40%
Government 		12.73% 0.00% 99.43% 44.78%
Securitized 		5.87% 0.00% 99.65% 74.80%
Derivative 		0.82% -73.61% 147.15% 14.04%
Cash & Equivalents 		0.01% 0.00% 94.89% 88.92%
Municipal 		0.00% 0.00% 54.26% 52.33%

Bond Geographic Breakdown

Weighting Return Low Return High PPCRX % Rank
US 		114.17% 0.00% 199.60% 6.53%
Non US 		6.18% 0.00% 74.14% 35.93%

PPCRX - Expenses

Operational Fees

PPCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.03% 20.67% 76.43%
Management Fee 0.70% 0.00% 2.29% 68.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.40% 0.00% 0.70% 90.14%

Sales Fees

PPCRX 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

PPCRX 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.

PPCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 84.00% 0.00% 632.00% 54.70%

PPCRX - Distributions

Dividend Yield Analysis

PPCRX Category Low Category High PPCRX % Rank
Dividend Yield 5.08% 0.00% 23.30% 56.86%

Dividend Distribution Analysis

PPCRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

PPCRX Category Low Category High PPCRX % Rank
Net Income Ratio 2.97% -1.55% 11.51% 48.82%

Capital Gain Distribution Analysis

PPCRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PPCRX - 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

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