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 StocksPLUS Absolute Return Fund
mutual fund
PTOAX
Payout Change
Pending
Price as of:
$12.5
+0.13
+1.05%
primary theme
U.S. Large-Cap Blend Equity
share class
PTOAX (Mutual Fund)
PIMCO StocksPLUS Absolute Return Fund
Payout Change
Pending
Price as of:
$12.5
+0.13
+1.05%
primary theme
U.S. Large-Cap Blend Equity
share class
PTOAX (Mutual Fund)
PIMCO StocksPLUS Absolute Return Fund
Payout Change
Pending
Price as of:
$12.5
+0.13
+1.05%
primary theme
U.S. Large-Cap Blend Equity
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
28.4%
1 yr return
29.0%
3 Yr Avg Return
8.3%
5 Yr Avg Return
13.8%
Net Assets
$1.93 B
Holdings in Top 10
72.8%
52 WEEK LOW AND HIGH
$12.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.35%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 106.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
PTOAX - Profile
Distributions
- YTD Total Return 28.4%
- 3 Yr Annualized Total Return 8.3%
- 5 Yr Annualized Total Return 13.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.73%
- Dividend Yield 6.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePIMCO StocksPLUS Absolute Return Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateAug 11, 2003
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJing Yang
Fund Description
The Fund seeks to exceed the total return of the S&P 500 Index by investing under normal circumstances in S&P 500 Index derivatives, backed by a portfolio of Fixed Income Instruments. In managing the Fund’s investments in Fixed Income Instruments, PIMCO utilizes an absolute return approach, which is designed to have flexibility with respect to duration, overall sector exposures, non-U.S. exposures and credit quality, both as a function of the strategy’s investment guidelines and lack of a fixed income index benchmark. The absolute return approach seeks positive investment returns regardless of market environment and does not apply to the equity index replicating component of the Fund. “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 may invest in common stocks, options, futures, options on futures and swaps. The Fund normally uses S&P 500 Index derivatives instead of S&P 500 Index stocks to attempt to equal or exceed the daily performance of the S&P 500 Index. The Fund typically will seek to gain long exposure to its benchmark index in an amount, under normal circumstances, approximately equal to the Fund’s net assets. The value of S&P 500 Index derivatives should closely track changes in the value of the S&P 500 Index. However, S&P 500 Index derivatives may be purchased with a small fraction of the assets that would be needed to purchase the equity securities directly, so that the remainder of the assets may be invested in Fixed Income Instruments. PIMCO actively manages the Fixed Income Instruments held by the Fund with a view toward enhancing the Fund’s total return, subject to an overall portfolio duration which normally varies from (negative) 3 years 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 S&P 500 Index is composed of 500 selected common stocks that represent approximately two-thirds of the total market value of all U.S. common stocks. The Fund seeks to remain invested in S&P 500 Index derivatives or S&P 500 Index stocks even when the S&P 500 Index is declining.Though the Fund does not normally invest directly in S&P 500 Index securities, when S&P 500 Index derivatives appear to be overvalued relative to the S&P 500 Index, the Fund may invest all of its assets in a “basket” of S&P 500 Index stocks.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. Assets not invested in equity securities or derivatives may be invested in Fixed Income Instruments. The Fund may invest up to 20% of its total assets in high yield securities (“junk bonds”) rated B or higher 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 (except that within such 20% limitation, the Fund may invest in mortgage-related securities rated below B). 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 denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. 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 35% of its total assets. The Fund will normally limit its exposure (from non-U.S. dollar-denominated securities or currencies) to each non-U.S. currency to 10% of its total assets. The Fund will normally limit its aggregate U.S. dollar exposure from transactions or instruments that reference the relative return of a non-U.S. currency or currencies as compared to the U.S. dollar to 20% of its total assets. The Fund may also invest up to 10% of its total assets in preferred securities.
Read More
PTOAX - Performance
Return Ranking - Trailing
| Period | PTOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.4% | -53.3% | 47.6% | 23.19% |
| 1 Yr | 29.0% | -53.0% | 47.8% | 21.70% |
| 3 Yr | 8.3%* | -24.7% | 16.4% | 57.60% |
| 5 Yr | 13.8%* | -10.4% | 108.3% | 47.56% |
| 10 Yr | 12.4%* | -0.6% | 52.3% | 32.73% |
* Annualized
Return Ranking - Calendar
| Period | PTOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.3% | -42.6% | 47.4% | 25.29% |
| 2022 | -25.5% | -56.3% | -4.2% | 79.23% |
| 2021 | -5.1% | -27.2% | 537.8% | 96.43% |
| 2020 | 12.7% | -22.5% | 2181.7% | 41.43% |
| 2019 | 21.7% | -13.5% | 40.4% | 60.48% |
Total Return Ranking - Trailing
| Period | PTOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.4% | -53.3% | 47.6% | 23.19% |
| 1 Yr | 29.0% | -53.0% | 47.8% | 21.70% |
| 3 Yr | 8.3%* | -24.7% | 16.4% | 57.60% |
| 5 Yr | 13.8%* | -10.4% | 108.3% | 47.56% |
| 10 Yr | 12.4%* | -0.6% | 52.3% | 32.73% |
* Annualized
Total Return Ranking - Calendar
| Period | PTOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 26.4% | -5.0% | 47.4% | 21.63% |
| 2022 | -22.4% | -36.8% | -2.2% | 93.63% |
| 2021 | 27.3% | 3.0% | 537.8% | 42.89% |
| 2020 | 18.3% | -15.8% | 2266.0% | 37.81% |
| 2019 | 32.6% | -0.4% | 241.3% | 12.34% |
NAV & Total Return History
PTOAX - Holdings
Concentration Analysis
| PTOAX | Category Low | Category High | PTOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.93 B | 2.34 M | 1.84 T | 44.69% |
| Number of Holdings | 994 | 2 | 3963 | 5.22% |
| Net Assets in Top 10 | 1.42 B | 880 K | 525 B | 35.16% |
| Weighting of Top 10 | 72.81% | 0.3% | 111.6% | 2.91% |
Top 10 Holdings
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 13.82%
- REPO BANK AMERICA REPO 12.32%
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 12.21%
- TORONTO DOMINION BANK REPO DUMMY ASSET 7.95%
- FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 5.62%
- MERRILL LYNCH REPO CAD REPO 4.92%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 4.44%
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 4.35%
- FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 3.94%
- SPTR TRS EQUITY FEDL01+49 *BULLET* MBC 3.22%
Asset Allocation
| Weighting | Return Low | Return High | PTOAX % Rank | |
|---|---|---|---|---|
| Bonds | 93.85% | 0.00% | 93.85% | 0.25% |
| Other | 46.35% | -13.91% | 100.00% | 0.83% |
| Cash | 7.40% | 0.00% | 99.07% | 2.74% |
| Stocks | 4.16% | 0.00% | 105.79% | 99.09% |
| Convertible Bonds | 3.20% | 0.00% | 5.54% | 0.50% |
| Preferred Stocks | 0.00% | 0.00% | 2.15% | 77.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PTOAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 20.91% | 79.10% |
| Technology | 0.00% | 0.00% | 48.94% | 98.24% |
| Real Estate | 0.00% | 0.00% | 31.91% | 84.95% |
| Industrials | 0.00% | 0.00% | 29.90% | 98.66% |
| Healthcare | 0.00% | 0.00% | 52.29% | 98.75% |
| Financial Services | 0.00% | 0.00% | 55.59% | 99.08% |
| Energy | 0.00% | 0.00% | 41.64% | 89.05% |
| Communication Services | 0.00% | 0.00% | 27.94% | 93.14% |
| Consumer Defense | 0.00% | 0.00% | 47.71% | 97.32% |
| Consumer Cyclical | 0.00% | 0.00% | 30.33% | 98.66% |
| Basic Materials | 0.00% | 0.00% | 25.70% | 90.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PTOAX % Rank | |
|---|---|---|---|---|
| US | 4.16% | 0.00% | 105.79% | 99.09% |
| Non US | 0.00% | 0.00% | 63.83% | 81.34% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PTOAX % Rank | |
|---|---|---|---|---|
| Government | 33.56% | 0.00% | 100.00% | 1.48% |
| Securitized | 11.75% | 0.00% | 52.16% | 1.39% |
| Derivative | 9.66% | -1.48% | 25.41% | 0.91% |
| Cash & Equivalents | 7.40% | 0.00% | 100.00% | 5.65% |
| Corporate | 4.20% | 0.00% | 100.00% | 10.54% |
| Municipal | 0.04% | 0.00% | 2.10% | 0.70% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PTOAX % Rank | |
|---|---|---|---|---|
| US | 83.69% | 0.00% | 91.39% | 0.41% |
| Non US | 10.17% | 0.00% | 13.58% | 0.33% |
PTOAX - Expenses
Operational Fees
| PTOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.35% | 0.01% | 19.75% | 19.45% |
| Management Fee | 0.79% | 0.00% | 1.90% | 93.00% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 55.82% |
| Administrative Fee | 0.40% | 0.00% | 0.85% | 96.43% |
Sales Fees
| PTOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.75% | 1.00% | 5.75% | 90.65% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PTOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| PTOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 106.00% | 0.00% | 268.00% | 92.22% |
PTOAX - Distributions
Dividend Yield Analysis
| PTOAX | Category Low | Category High | PTOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.11% | 0.00% | 25.47% | 28.01% |
Dividend Distribution Analysis
| PTOAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PTOAX | Category Low | Category High | PTOAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.73% | -54.00% | 2.44% | 48.81% |
Capital Gain Distribution Analysis
| PTOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 04, 2024 | $0.661 | CapitalGainLongTerm |
| Sep 12, 2024 | $0.187 | OrdinaryDividend |
| Mar 14, 2024 | $0.145 | OrdinaryDividend |
| Dec 26, 2023 | $0.154 | OrdinaryDividend |
| Sep 07, 2023 | $0.098 | OrdinaryDividend |
| Jun 08, 2023 | $0.007 | OrdinaryDividend |
| Dec 27, 2022 | $0.013 | OrdinaryDividend |
| Dec 07, 2022 | $0.081 | CapitalGainShortTerm |
| Dec 07, 2022 | $0.153 | CapitalGainLongTerm |
| Sep 08, 2022 | $0.014 | OrdinaryDividend |
| Jun 09, 2022 | $0.015 | OrdinaryDividend |
| Mar 10, 2022 | $0.110 | OrdinaryDividend |
| Dec 28, 2021 | $0.077 | OrdinaryDividend |
| Dec 08, 2021 | $2.586 | CapitalGainLongTerm |
| Sep 09, 2021 | $0.554 | OrdinaryDividend |
| Jun 10, 2021 | $0.311 | OrdinaryDividend |
| Mar 11, 2021 | $0.285 | OrdinaryDividend |
| Dec 28, 2020 | $0.021 | OrdinaryDividend |
| Dec 09, 2020 | $0.123 | CapitalGainLongTerm |
| Sep 10, 2020 | $0.169 | OrdinaryDividend |
| Jun 11, 2020 | $0.094 | OrdinaryDividend |
| Mar 12, 2020 | $0.093 | ReturnOfCapital |
| Dec 26, 2019 | $0.118 | OrdinaryDividend |
| Dec 11, 2019 | $0.114 | CapitalGainShortTerm |
| Dec 11, 2019 | $0.163 | CapitalGainLongTerm |
| Sep 12, 2019 | $0.251 | OrdinaryDividend |
| Jun 13, 2019 | $0.180 | OrdinaryDividend |
| Mar 14, 2019 | $0.080 | OrdinaryDividend |
| Dec 26, 2018 | $0.052 | OrdinaryDividend |
| Dec 12, 2018 | $0.121 | CapitalGainShortTerm |
| Dec 12, 2018 | $0.774 | CapitalGainLongTerm |
| Sep 13, 2018 | $0.020 | OrdinaryDividend |
| Jun 14, 2018 | $0.029 | OrdinaryDividend |
| Mar 15, 2018 | $0.009 | OrdinaryDividend |
| Dec 27, 2017 | $0.188 | OrdinaryDividend |
| Dec 13, 2017 | $0.166 | CapitalGainShortTerm |
| Dec 13, 2017 | $1.423 | CapitalGainLongTerm |
| Sep 14, 2017 | $0.019 | OrdinaryDividend |
| Jun 15, 2017 | $0.044 | OrdinaryDividend |
| Mar 16, 2017 | $0.042 | OrdinaryDividend |
| Dec 28, 2016 | $0.001 | OrdinaryDividend |
| Dec 29, 2015 | $0.079 | OrdinaryDividend |
| Dec 16, 2015 | $0.038 | CapitalGainShortTerm |
| Dec 16, 2015 | $0.326 | CapitalGainLongTerm |
| Sep 17, 2015 | $0.023 | OrdinaryDividend |
| Jun 18, 2015 | $0.015 | OrdinaryDividend |
| Dec 29, 2014 | $0.327 | OrdinaryDividend |
| Dec 10, 2014 | $0.120 | CapitalGainShortTerm |
| Dec 10, 2014 | $1.521 | CapitalGainLongTerm |
| Sep 18, 2014 | $0.004 | OrdinaryDividend |
| Jun 19, 2014 | $0.002 | OrdinaryDividend |
| Dec 27, 2013 | $0.191 | OrdinaryDividend |
| Dec 11, 2013 | $0.273 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.940 | CapitalGainLongTerm |
| Sep 19, 2013 | $0.019 | OrdinaryDividend |
| Jun 20, 2013 | $0.007 | OrdinaryDividend |
| Dec 27, 2012 | $0.412 | OrdinaryDividend |
| Dec 12, 2012 | $0.011 | CapitalGainLongTerm |
| Sep 20, 2012 | $0.073 | OrdinaryDividend |
| Jun 21, 2012 | $0.077 | OrdinaryDividend |
| Mar 22, 2012 | $0.126 | OrdinaryDividend |
| Dec 28, 2011 | $0.141 | OrdinaryDividend |
| Sep 15, 2011 | $0.030 | OrdinaryDividend |
| Jun 16, 2011 | $0.061 | OrdinaryDividend |
| Dec 31, 2010 | $0.358 | OrdinaryDividend |
| Sep 16, 2010 | $0.060 | OrdinaryDividend |
| Jun 17, 2010 | $0.062 | OrdinaryDividend |
| Mar 18, 2010 | $0.027 | OrdinaryDividend |
| Dec 30, 2009 | $1.490 | OrdinaryDividend |
| Dec 30, 2008 | $0.444 | OrdinaryDividend |
| Sep 18, 2008 | $0.081 | OrdinaryDividend |
| Jun 19, 2008 | $0.043 | OrdinaryDividend |
| Mar 20, 2008 | $0.002 | OrdinaryDividend |
| Dec 27, 2007 | $0.446 | OrdinaryDividend |
| Dec 12, 2007 | $0.406 | CapitalGainShortTerm |
| Dec 12, 2007 | $0.670 | CapitalGainLongTerm |
| Sep 20, 2007 | $0.139 | OrdinaryDividend |
| Jun 21, 2007 | $0.022 | OrdinaryDividend |
| Mar 22, 2007 | $0.022 | OrdinaryDividend |
| Dec 27, 2006 | $0.291 | OrdinaryDividend |
| Dec 13, 2006 | $0.237 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.511 | CapitalGainLongTerm |
| Sep 21, 2006 | $0.091 | OrdinaryDividend |
| Jun 22, 2006 | $0.056 | OrdinaryDividend |
| Mar 23, 2006 | $0.061 | OrdinaryDividend |
| Dec 29, 2005 | $0.416 | OrdinaryDividend |
| Sep 22, 2005 | $0.096 | OrdinaryDividend |
| Jun 23, 2005 | $0.061 | OrdinaryDividend |
| Mar 24, 2005 | $0.025 | OrdinaryDividend |
| Dec 29, 2004 | $0.080 | OrdinaryDividend |
| Dec 13, 2004 | $0.181 | CapitalGainShortTerm |
| Dec 13, 2004 | $0.236 | CapitalGainLongTerm |
| Sep 16, 2004 | $0.000 | OrdinaryDividend |
| Jun 17, 2004 | $0.007 | OrdinaryDividend |
| Mar 18, 2004 | $0.000 | OrdinaryDividend |
| Dec 30, 2003 | $0.008 | OrdinaryDividend |
| Dec 10, 2003 | $0.152 | CapitalGainShortTerm |
| Dec 10, 2003 | $0.236 | CapitalGainLongTerm |
| Sep 18, 2003 | $0.017 | OrdinaryDividend |
PTOAX - Fund Manager Analysis
Managers
Jing Yang
Start Date
Tenure
Tenure Rank
Jul 20, 2018
3.87
3.9%
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.
Bryan Tsu
Start Date
Tenure
Tenure Rank
Jul 20, 2018
3.87
3.9%
Mr. Tsu is a senior vice president and portfolio manager in the Newport Beach office, focusing on commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs). Prior to joining Pacific Investment Management Company LLC in 2008, he worked at Bear Stearns in New York, syndicating collateralized loan and collateralized debt obligations and other asset-backed transactions. He has eight years of investment experience and holds a bachelor's degree in economics and operations research from Columbia University.Mr. Tsu is one of Executive Vice Presidents of Pacific Investment Management Company LLC.
Marc Seidner
Start Date
Tenure
Tenure Rank
Feb 04, 2021
1.32
1.3%
Mr. Seidner is CIO Non-traditional Strategies, a managing director and head of portfolio management in the New York office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC. Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management. He holds an undergraduate degree in economics from Boston College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.29 | 2.42 |
