PGCAX: PIMCO Investment Grade Credit Bond Fund - MutualFunds.com

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PIMCO Investment Grade Credit Bond Adm

PGCAX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $19.8 B
  • Holdings in Top 10 19.0%

52 WEEK LOW AND HIGH

$11.02
$9.51
$11.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 213.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Compare PGCAX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$134.62

+0.25%

$55.20 B

3.13%

$4.21

5.42%

0.14%

$95.82

+0.09%

$40.70 B

3.21%

$3.08

5.01%

0.05%

$31.93

+0.16%

$40.70 B

3.21%

$1.02

5.21%

0.05%

$10.61

+0.09%

$35.96 B

2.91%

$0.31

5.57%

0.20%

$11.05

+0.27%

$19.78 B

3.89%

$0.43

1.19%

0.85%

PGCAX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Investment Grade Credit Bond Fund
  • Fund Family Name
    PIMCO
  • Inception Date
    Sep 30, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Kiesel

Fund Description

The fund normally invests at least 80% of its assets in a diversified portfolio of investment grade fixed income securities of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers.


PGCAX - Performance

Return Ranking - Trailing

Period PGCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -15.6% 9.4% 87.96%
1 Yr 5.3% -5.8% 12.6% 88.94%
3 Yr 5.4%* -1.2% 7.8% 70.44%
5 Yr 5.9%* 2.6% 7.8% 44.13%
10 Yr 5.6%* 2.2% 7.9% 24.44%

* Annualized

Return Ranking - Calendar

Period PGCAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.2% -3.9% 14.2% 40.28%
2018 -6.0% -52.7% 0.3% 36.00%
2017 3.2% -3.5% 6.1% 28.83%
2016 2.9% -0.7% 35.8% 50.36%
2015 -6.0% -11.7% 1.3% 74.80%

Total Return Ranking - Trailing

Period PGCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -15.6% 9.8% 87.96%
1 Yr 5.3% -5.8% 12.6% 75.12%
3 Yr 5.4%* -1.2% 7.8% 60.10%
5 Yr 5.9%* 2.6% 7.8% 39.66%
10 Yr 5.6%* 2.2% 7.9% 22.22%

* Annualized

Total Return Ranking - Calendar

Period PGCAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.2% -3.9% 14.2% 43.33%
2018 -6.0% -14.6% 92.1% 56.00%
2017 3.2% -3.5% 7.2% 48.47%
2016 2.9% -0.7% 35.8% 59.71%
2015 -6.0% -11.7% 3.1% 80.49%

NAV & Total Return History


PGCAX - Holdings

Concentration Analysis

PGCAX Category Low Category High PGCAX % Rank
Net Assets 19.8 B 7.34 M 55.2 B 4.02%
Number of Holdings 2298 4 7554 7.24%
Net Assets in Top 10 3.55 B -25.3 M 3.55 B 1.36%
Weighting of Top 10 18.97% 2.1% 100.0% 25.34%

Top 10 Holdings

  1. United States Treasury Notes 1.5% 4.36%
  2. United States Treasury Bonds 2.88% 2.33%
  3. United States Treasury Bonds 2% 1.96%
  4. Federal National Mortgage Association 3.5% 1.95%
  5. United States Treasury Bonds 3% 1.76%
  6. United States Treasury Notes 3.12% 1.50%
  7. Federal National Mortgage Association 3% 1.36%
  8. United States Treasury Bonds 2.38% 1.33%
  9. Federal National Mortgage Association 4% 1.22%
  10. Federal National Mortgage Association 3.5% 1.21%

Asset Allocation

Weighting Return Low Return High PGCAX % Rank
Bonds
128.13% 24.75% 128.14% 1.81%
Convertible Bonds
3.62% 0.00% 70.11% 41.18%
Preferred Stocks
0.50% 0.00% 31.40% 15.38%
Stocks
0.19% 0.00% 1.76% 1.81%
Other
-0.13% -0.84% 5.68% 96.83%
Cash
-32.30% -40.73% 17.31% 98.19%

Stock Sector Breakdown

Weighting Return Low Return High PGCAX % Rank
Financial Services
88.69% 0.00% 100.00% 29.79%
Real Estate
11.29% 0.00% 11.29% 6.38%
Consumer Cyclical
0.02% 0.00% 100.00% 36.17%
Utilities
0.00% 0.00% 100.00% 55.32%
Technology
0.00% 0.00% 23.97% 46.81%
Industrials
0.00% 0.00% 13.55% 51.06%
Healthcare
0.00% 0.00% 14.74% 53.19%
Energy
0.00% 0.00% 100.00% 61.70%
Communication Services
0.00% 0.00% 10.78% 46.81%
Consumer Defense
0.00% 0.00% 7.38% 46.81%
Basic Materials
0.00% 0.00% 4.93% 51.06%

Stock Geographic Breakdown

Weighting Return Low Return High PGCAX % Rank
Non US
0.16% 0.00% 0.16% 1.36%
US
0.03% 0.00% 1.76% 6.79%

Bond Sector Breakdown

Weighting Return Low Return High PGCAX % Rank
Corporate
51.24% 43.34% 99.92% 98.19%
Government
19.04% 0.00% 33.61% 1.81%
Derivative
16.45% 0.00% 16.45% 1.36%
Securitized
9.56% 0.00% 42.90% 6.33%
Cash & Equivalents
3.69% 0.00% 17.97% 39.37%
Municipal
0.01% 0.00% 2.73% 51.13%

Bond Geographic Breakdown

Weighting Return Low Return High PGCAX % Rank
US
102.65% 21.89% 102.65% 1.36%
Non US
25.48% 0.00% 41.66% 4.07%

PGCAX - Expenses

Operational Fees

PGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.03% 8.55% 32.86%
Management Fee 0.50% 0.00% 1.35% 85.33%
12b-1 Fee 0.25% 0.00% 1.00% 43.81%
Administrative Fee 0.25% 0.01% 0.45% 94.12%

Sales Fees

PGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 213.00% 2.00% 232.00% 90.57%

PGCAX - Distributions

Dividend Yield Analysis

PGCAX Category Low Category High PGCAX % Rank
Dividend Yield 0.00% 0.00% 4.79% 63.11%

Dividend Distribution Analysis

PGCAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PGCAX Category Low Category High PGCAX % Rank
Net Income Ratio 3.39% 0.96% 8.62% 29.36%

Capital Gain Distribution Analysis

PGCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

PGCAX - Fund Manager Analysis

Managers

Mark Kiesel


Start Date

Tenure

Tenure Rank

Nov 30, 2002

17.85

17.9%

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

Amit Arora


Start Date

Tenure

Tenure Rank

Oct 03, 2016

3.99

4.0%

Mr. Arora is an executive vice president and portfolio manager in the Newport Beach office and a member of the credit and liability-driven portfolio management teams. He manages credit portfolios focusing on investment grade and long credit. He was previously a senior member of PIMCO's global risk management team. Prior to joining PIMCO in 2009, he was an executive director, responsible for credit hybrids and exotics trading at J.P. Morgan. Mr. Arora was previously with Bear Stearns as a managing director on the structured credit trading desk, responsible for credit derivative products in investment grade and high yield credits. He has also worked on the foreign exchange Treasury desk at Citibank. He has 22 years of investment experience and holds an MBA from NYU Stern School of Business and a bachelor's degree in mechanical engineering from the Indian Institute of Technology (IIT Bombay). He is a Certified Financial Risk Manager (FRM).

Mohit Mittal


Start Date

Tenure

Tenure Rank

Oct 03, 2016

3.99

4.0%

Mr. Mittal is a managing director and portfolio manager in the Newport Beach office, and a senior member of the liability driven investment and credit portfolio management teams. He manages multi-sector portfolios with added specialization in long credit, investment grade credit and unconstrained bond portfolios. He joined PIMCO in 2007 and holds an MBA from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 23.09 5.67 0.75