PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
Name
As of 09/05/2024Price
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
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
PRFD | Active ETF
$50.91
$116 M
6.13%
$3.12
0.89%
Vitals
YTD Return
9.2%
1 yr return
16.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$116 M
Holdings in Top 10
18.3%
52 WEEK LOW AND HIGH
$50.8
$44.06
$50.98
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/05/2024Price
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
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
PRFD | Active ETF
$50.91
$116 M
6.13%
$3.12
0.89%
PRFD - Profile
Distributions
- YTD Total Return 9.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 6.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Preferred and Capital Securities Active Exchange-Traded Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateJan 19, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of preferred securities and “Capital Securities.” “Capital Securities” include (1) securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies) that can be used to satisfy their regulatory capital requirements and (2) securities, which may include instruments referred to as hybrid securities, that would be subordinated (i.e., fall lower in the capital structure) to at least one type of debt. Hybrid securities may be issued to fulfill ratings criteria for debt securities of an issuer and may, for example, be convertible into preferred shares. Preferred securities and “Capital Securities” may be represented by forwards or derivatives such as options, futures contracts or swap agreements. 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 market sector or security.Assets not invested in preferred securities or Capital Securities may be invested in other types of Fixed Income Instruments, including derivative Fixed Income Instruments. “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. In addition, the Fund will concentrate its investments in a group of industries related to banks. With respect to investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Fund may invest.The Fund may invest up to 50% of its total assets in high yield securities (“junk bonds”) rated below Baa 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 also invest without limit in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund may invest without limit in securities and instruments that are economically tied to emerging market countries. The Fund may also invest in contingent convertible securities.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements, 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, including currency forwards, and may engage in short sales.The average portfolio duration of the Fund will normally vary within one year (plus or minus) of the portfolio duration of the securities comprising the ICE BofA US All Capital Securities Index, which as of September 30, 2023 was 4.94 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.In pursuing the Fund’s investment objective, PIMCO may emphasize investment strategies that are more strategic, or long-term in nature, with less emphasis on short-term, tactical trading strategies. In addition, PIMCO will utilize a bottom up approach to seek to identify sectors and securities that are undervalued, and the Fund’s investment program may involve a longer investment horizon designed to minimize trading volume and distinct investment strategies as compared with other PIMCO-advised funds with names, investment objectives and policies similar to the Fund. As a result, investments made by the Fund and the results achieved by the Fund at any given time are not expected to be the same as or similar to those made by such other PIMCO-advised funds.
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PRFD - Performance
Return Ranking - Trailing
Period | PRFD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | N/A | N/A | N/A |
1 Yr | 16.2% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | PRFD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | PRFD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | N/A | N/A | N/A |
1 Yr | 16.2% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PRFD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
PRFD - Holdings
Concentration Analysis
PRFD | Category Low | Category High | PRFD % Rank | |
---|---|---|---|---|
Net Assets | 116 M | N/A | N/A | N/A |
Number of Holdings | 148 | N/A | N/A | N/A |
Net Assets in Top 10 | 21.2 M | N/A | N/A | N/A |
Weighting of Top 10 | 18.26% | N/A | N/A | N/A |
Top 10 Holdings
- BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR 2.42%
- PNC FINANCIAL SERVICES JR SUBORDINA 12/99 VAR 1.96%
- ROYAL BANK OF CANADA JR SUBORDINA 05/84 VAR 1.96%
- LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR 1.88%
- GOLDMAN SACHS GROUP INC JR SUBORDINA 12/99 VAR 1.86%
- ING GROEP NV JR SUBORDINA REGS 12/49 VAR 1.85%
- NATWEST GROUP PLC JR SUBORDINA 12/99 VAR 1.66%
- WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR 1.59%
- TORONTO DOMINION BANK JR SUBORDINA 10/82 VAR 1.55%
- TREASURY BILL 09/24 0.00000 1.53%
Asset Allocation
Weighting | Return Low | Return High | PRFD % Rank | |
---|---|---|---|---|
Bonds | 65.61% | N/A | N/A | N/A |
Preferred Stocks | 31.86% | N/A | N/A | N/A |
Other | 1.88% | N/A | N/A | N/A |
Cash | 0.66% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | PRFD % Rank | |
---|---|---|---|---|
Derivative | 0.57% | N/A | N/A | N/A |
Cash & Equivalents | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PRFD % Rank | |
---|---|---|---|---|
US | 64.91% | N/A | N/A | N/A |
Non US | 0.69% | N/A | N/A | N/A |
PRFD - Expenses
Operational Fees
PRFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.89% | N/A | N/A | N/A |
Management Fee | 0.84% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
PRFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
PRFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
PRFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
PRFD - Distributions
Dividend Yield Analysis
PRFD | Category Low | Category High | PRFD % Rank | |
---|---|---|---|---|
Dividend Yield | 6.13% | N/A | N/A | N/A |
Dividend Distribution Analysis
PRFD | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
Net Income Ratio Analysis
PRFD | Category Low | Category High | PRFD % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
PRFD | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 03, 2024 | $0.260 | OrdinaryDividend |
Aug 01, 2024 | $0.255 | OrdinaryDividend |
Jul 01, 2024 | $0.230 | OrdinaryDividend |
Jun 03, 2024 | $0.250 | OrdinaryDividend |
May 01, 2024 | $0.230 | OrdinaryDividend |
Apr 01, 2024 | $0.230 | OrdinaryDividend |
Mar 01, 2024 | $0.117 | OrdinaryDividend |
Feb 01, 2024 | $0.220 | OrdinaryDividend |
Dec 28, 2023 | $0.270 | OrdinaryDividend |
Dec 01, 2023 | $0.250 | OrdinaryDividend |
Nov 01, 2023 | $0.250 | OrdinaryDividend |
Oct 02, 2023 | $0.223 | OrdinaryDividend |
Sep 01, 2023 | $0.220 | OrdinaryDividend |
Aug 01, 2023 | $0.200 | OrdinaryDividend |
Jul 03, 2023 | $0.220 | OrdinaryDividend |
Jun 01, 2023 | $0.125 | OrdinaryDividend |
May 01, 2023 | $0.210 | OrdinaryDividend |
Apr 03, 2023 | $0.250 | OrdinaryDividend |
Mar 01, 2023 | $0.220 | OrdinaryDividend |