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PIMIX PIMCO Income Instl

  • Fund
  • PIMIX
  • Price as of: Jul 21, 2017
  • $12.39
  • + $0.01
  • + 0.08%
  • Category
  • Total Bond Market

PIMIX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 8.2%
  • Net Assets $85.8 B
  • Holdings in Top 10 49.4%

52 WEEK LOW AND HIGH

$12.39
$11.95
$12.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 190.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.73%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name PIMCO Income Fund
  • Fund Family Name PIMCO
  • Inception Date Mar 30, 2007
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Alfred T. Murata

Fund Description

The PIMCO Income Fund Institutional Class (PIMIX) is an actively managed fund that seeks to provide a high level of current income. PIMIX is considered a multisector bond fund and as such, it can bet on a wide range of bonds, debt and other IOUs. These include government debt, mortgage bonds, investment grade-bonds, junk debt, floating-rate bank loans and munis. The focus is on current yield, and managers at PIMCO use credit analysis to build PIMIX’s portfolio.

The fund features low costs and can be used as a core or satellite holding for any investor seeking income. PIMIX is internally managed by Pacific Investment Management Co.

PIMIX - Performance

Return Ranking - Trailing

Period PIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -9.5% 19.3% 14.30% 1
1 Yr 9.7% -15.5% 23.4% 2.15% 1
3 Yr 5.7% * -6.6% 8.7% 1.18% 1
5 Yr 8.2% * -2.4% 13.9% 0.57% 1
10 Yr 9.4% * -2.0% 10.4% 0.17% 1

* Annualized


Return Ranking - Calendar

Period PIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.8% -10.9% 192.8% 9.35% 1
2015 -4.9% -33.0% 4.2% 54.02% 5
2014 0.6% -9.3% 14.9% 33.59% 3
2013 -0.8% -24.1% 40.4% 14.43% 2
2012 13.9% -100.0% 18.7% 0.29% 1

Total Return Ranking - Trailing

Period PIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -7.3% 19.3% 14.24% 1
1 Yr 9.7% -15.5% 23.4% 1.74% 1
3 Yr 5.7% * -7.9% 8.7% 1.01% 1
5 Yr 8.2% * -2.8% 13.9% 0.57% 1
10 Yr 9.4% * -2.0% 10.4% 0.25% 1

* Annualized


Total Return Ranking - Calendar

Period PIMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.8% -9.5% 195.3% 17.71% 1
2015 -2.8% -32.5% 7.4% 55.48% 4
2014 1.7% -8.3% 16.8% 41.85% 3
2013 -0.7% -12.9% 58.5% 26.94% 2
2012 15.3% -100.0% 35.2% 3.09% 1

NAV & Total Return History

PIMIX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

PIMIX Category Low Category High PIMIX % Rank Quintile
Net Assets 85.8 B 319 K 183 B 0.31% 1
Number of Holdings 5683 1 17374 0.41% 1
Net Assets in Top 10 2.52 B -36 B 46.7 B 1.88% 1
Weighting of Top 10 49.4% 0.0% 1214.1% 7.32% 2

Top 10 Holdings

  1. IRS USD 1.25000 06/21/17-5Y CME_Pay 8.98%
  2. CIRS USD 5.25Y MAT 2.60% 6/2017 GLM_Receive 6.31%
  3. CIRS USD 5.25Y MAT 2.50% 6/2017 DUB_Receive 5.68%
  4. IRS JPY 0.45000 03/20/19-10Y LCH_Pay 4.89%
  5. IRS USD 1.25000 06/21/17-3Y CME_Pay 4.62%
  6. IRS USD 1.50000 06/21/17-10Y LCH_Pay 4.61%
  7. CIRS USD 5.25Y MAT 2.50% 5/2017 GLM_Receive 3.76%
  8. US Treasury Note 2.25% 3.63%
  9. IRS USD 1.50000 06/21/17-7Y CME_Receive 3.48%
  10. Cdx Hy25 5y Ice 3.43%

Asset Allocation

Weighting Category Low Category High PIMIX % Rank Quintile
Bonds
151.46% -175.98% 562.01% 0.36% 1
Convertible Bonds
1.02% 0.00% 13.33% 2.90% 1
Preferred Stocks
0.15% 0.00% 16.58% 6.92% 2
Stocks
0.01% -2.63% 98.28% 5.85% 2
Other
0.00% -26.31% 99.99% 14.70% 4
Cash
-52.64% -461.99% 275.92% 29.81% 5

Stock Sector Breakdown

Weighting Category Low Category High PIMIX % Rank Quintile
Utilities
0.00% -0.08% 7.07% 6.03% 3
Technology
0.00% -1.56% 20.28% 4.80% 3
Real Estate
0.00% -0.15% 15.48% 4.90% 3
Industrials
0.00% -0.31% 10.90% 5.21% 3
Healthcare
0.00% -0.71% 12.08% 4.39% 3
Financial Services
0.00% -0.15% 23.23% 6.95% 3
Energy
0.00% -0.88% 10.68% 5.92% 3
Communication Services
0.00% -0.11% 7.56% 4.29% 3
Consumer Defense
0.00% -0.27% 11.30% 4.70% 3
Consumer Cyclical
0.00% -0.36% 12.10% 5.11% 3
Basic Materials
0.00% -0.66% 11.33% 4.19% 3

Stock Geographic Breakdown

Weighting Category Low Category High PIMIX % Rank Quintile
US
0.01% -11.86% 90.82% 5.39% 2
Non US
0.00% -0.82% 96.70% 3.05% 3

Bond Sector Breakdown

Weighting Category Low Category High PIMIX % Rank Quintile
Government
64.09% -389.49% 503.27% 1.32% 1
Securitized
52.76% 0.00% 124.67% 3.46% 1
Corporate
20.39% 0.00% 221.70% 27.82% 5
Derivative
15.78% -359.26% 85.77% 0.36% 1
Municipal
0.32% 0.00% 99.56% 12.46% 3
Cash & Equivalents
-54.40% -462.00% 275.92% 29.15% 5

Bond Geographic Breakdown

Weighting Category Low Category High PIMIX % Rank Quintile
US
101.51% -489.11% 500.82% 0.76% 1
Non US
49.95% -5.42% 481.08% 1.93% 1

PIMIX - Expenses

Operational Fees

PIMIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.48% 0.00% 32.76% 11.86% 1
Management Fee 0.45% 0.00% 2.15% 2.59% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.20% 0.00% 0.63% 1.39% 5

Sales Fees

PIMIX Fees (% of AUM) Category Low Category High PIMIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PIMIX Fees (% of AUM) Category Low Category High PIMIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

PIMIX Fees (% of AUM) Category Low Category High PIMIX Rank Quintile
Turnover 190.00% 0.00% 1711.00% 6.77% 4

PIMIX - Distributions

Dividend Yield Analysis

PIMIX Category Low Category High PIMIX % Rank Quintile
Dividend Yield 0.7% 0.00% 1.30% 1.89% 1

Dividend Distribution Analysis

PIMIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PIMIX Category Low Category High PIMIX % Rank Quintile
Net Income Ratio 4.73% -1.56% 13.35% 2.19% 1

Capital Gain Distribution Analysis

PIMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PIMIX - Managers

Alfred T. Murata

Manager

Start Date

Mar 15, 2013

Tenure

4.3

Tenure Rank

6.2%

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 J. Ivascyn

Manager

Start Date

Mar 30, 2007

Tenure

10.26

Tenure Rank

2.8%

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

0.0

Category High

28.5

Category Average

6.31

Category Mode

2.5