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PONAX PIMCO Income A

  • Fund
  • PONAX
  • Price as of: Dec 05, 2016
  • $11.99
  • + $0.01
  • + 0.08%
  • Category
  • Total Bond Market

PONAX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $67.6 B
  • Holdings in Top 10 52.6%

52 WEEK LOW AND HIGH

$11.99
$11.52
$12.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.50%
DIVIDENDS
  • Dividend Yield 0.6%
  • 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 A
  • Currency USD
  • Domiciled Country United States
  • Manager Alfred T. Murata

Fund Description

The PIMCO Income Fund Class A (PONAX) is an actively managed fund that seeks to provide a high level of current income. PONAX 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 muni bonds. The focus is on current yield and managers at PIMCO use credit analysis to build PONAX’s portfolio.

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

PONAX - Performance

Return Ranking - Trailing

Period PONAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.2% -8.1% 202.4% 14.88% 1
1 Yr 6.4% -12.6% 13.2% 7.84% 1
3 Yr 5.4% * -5.8% 8.5% 2.13% 1
5 Yr 8.4% * -2.8% 9.4% 0.52% 1
10 Yr N/A * -1.7% 9.8% N/A N/A

* Annualized


Return Ranking - Calendar

Period PONAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.9% -33.0% 3.0% 53.45% 5
2014 0.6% -9.3% 14.9% 34.04% 3
2013 -0.8% -24.1% 40.4% 12.92% 2
2012 13.9% -100.0% 18.7% 0.29% 1
2011 -1.7% -20.6% 15.5% 53.62% 5

Total Return Ranking - Trailing

Period PONAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.2% -7.3% 205.2% 25.96% 2
1 Yr 2.4% -12.6% 16.3% 50.13% 3
3 Yr 4.1% * -7.2% 8.5% 7.14% 1
5 Yr 7.6% * -3.7% 9.4% 0.85% 1
10 Yr N/A * -1.7% 9.8% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PONAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.8% -32.5% 4.5% 54.84% 4
2014 1.7% -8.3% 16.8% 42.21% 3
2013 -0.7% -12.9% 58.5% 25.72% 2
2012 15.3% -100.0% 35.2% 3.08% 1
2011 -0.9% -20.7% 18.1% 62.16% 5

NAV & Total Return History

PONAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

PONAX Category Low Category High PONAX % Rank Quintile
Net Assets 67.6 B 319 K 176 B 0.36% 1
Number of Holdings 4241 1 17569 0.51% 1
Net Assets in Top 10 8.64 B -36 B 21.3 B 0.41% 1
Weighting of Top 10 52.6% 0.0% 1093.9% 6.82% 2

Top 10 Holdings

  1. Cdx Hy25 5y Ice 8.47%
  2. Irs Usd 1.75000 12/21/16-10y Cme 7.52%
  3. Irs Usd 1.25000 12/21/16-3y Cme 6.63%
  4. Irs Usd 2.50000 06/15/16-30y Cme 5.12%
  5. Irs Usd 3.00000 06/18/14-10y Cme 4.55%
  6. Cdx Ig26 5y Ice 4.40%
  7. Irs Aud 4.00000 03/15/13-10y Cme 4.33%
  8. Fncl 3.0% Tba Take Deliv071416 4.08%
  9. Cdx Hy24 5y Ice 3.92%
  10. US Treasury Note 2.25% 3.62%

Asset Allocation

Weighting Category Low Category High PONAX % Rank Quintile
Bonds
122.98% -175.98% 192.68% 1.07% 1
Other
8.10% -30.71% 98.36% 1.32% 1
Convertible Bonds
0.19% 0.00% 12.73% 4.73% 2
Preferred Stocks
0.18% -0.45% 17.13% 6.41% 2
Stocks
0.00% -3.27% 98.09% 5.75% 3
Cash
-31.44% -96.63% 275.92% 26.81% 5

Bond Sector Breakdown

Weighting Category Low Category High PONAX % Rank Quintile
Securitized
50.28% 0.00% 105.84% 3.71% 1
Derivative
33.73% -513.07% 38.63% 0.10% 1
Government
17.35% -389.49% 128.09% 15.62% 3
Corporate
16.89% 0.00% 221.70% 27.06% 5
Municipal
0.21% 0.00% 105.76% 12.00% 3
Cash & Equivalents
-30.36% -63.55% 416.01% 26.70% 5

Bond Geographic Breakdown

Weighting Category Low Category High PONAX % Rank Quintile
US
97.92% -370.09% 180.29% 1.42% 1
Non US
25.06% -45.82% 351.70% 5.95% 1

PONAX - Expenses

Operational Fees

PONAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.85% 0.00% 42.51% 10.38% 3
Management Fee 0.60% 0.00% 2.15% 1.98% 5
12b-1 Fee 0.25% 0.00% 1.00% 1.91% 2
Administrative Fee 0.35% 0.00% 0.63% 0.52% 5

Sales Fees

PONAX Fees (% of AUM) Category Low Category High PONAX Rank Quintile
Front Load 3.75% 0.00% 5.75% 2.38% 3
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PONAX Fees (% of AUM) Category Low Category High PONAX 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.

PONAX Fees (% of AUM) Category Low Category High PONAX Rank Quintile
Turnover 52.00% 0.00% 1856.00% 13.13% 2

PONAX - Distributions

Dividend Yield Analysis

PONAX Category Low Category High PONAX % Rank Quintile
Dividend Yield 0.6% 0.00% 1.30% 2.54% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PONAX Category Low Category High PONAX % Rank Quintile
Net Income Ratio 3.50% -1.76% 17.13% 6.21% 1

Capital Gain Distribution Analysis

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

PONAX - Managers

Alfred T. Murata

Manager

Start Date

Mar 15, 2013

Tenure

3.63

Tenure Rank

6.2%

Mr. Murata is a managing director and portfolio manager in the Newport Beach office on the mortgage credit team. 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 has 16 years of investment experience and 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

9.6

Tenure Rank

2.9%

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. He is a member of PIMCO's Executive Committee and a member of the Investment Committee. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8