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Name

As of 09/20/2024

Price

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 Mortgage-Backed Securities Fund

PMRPX | Fund

$8.87

$141 M

6.08%

$0.54

1.37%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$141 M

Holdings in Top 10

84.5%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/20/2024

Price

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 Mortgage-Backed Securities Fund

PMRPX | Fund

$8.87

$141 M

6.08%

$0.54

1.37%

PMRPX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 6.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Mortgage-Backed Securities Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    May 01, 2008
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Hyman

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 mortgage-related Fixed Income Instruments of varying maturities (such as mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities and mortgage dollar rolls), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. “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 average portfolio duration of this Fund normally varies from one to seven 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. 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 limit in securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises. In addition, the Fund may invest up to 10% of its total assets in investment grade securities rated below Aaa 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, subject to a minimum rating of Baa by Moody’s, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The Fund may also invest up to an additional 5% of its total assets in mortgage-related high yield instruments (“junk bonds”) rated below Baa by Moody’s, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The Fund may not invest in securities denominated in foreign currencies, but may invest without limit in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 10% of its total assets in U.S. dollar-denominated securities and instruments that are economically tied to emerging market countries.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. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). 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 or improving credit fundamentals for a particular sector or security. The Fund may also invest up to 10% of its total assets in preferred securities.
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PMRPX - Performance

Return Ranking - Trailing

Period PMRPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.4% 11.7% 11.07%
1 Yr N/A -7.4% 26.1% 36.95%
3 Yr N/A* -9.9% 28.9% 29.47%
5 Yr N/A* -7.0% 59.1% 49.77%
10 Yr N/A* -2.4% 74.3% 44.05%

* Annualized

Return Ranking - Calendar

Period PMRPX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.2% -16.2% 8.1% 94.49%
2022 -17.2% -34.7% 131.9% 80.17%
2021 -1.9% -11.6% 4.4% 6.54%
2020 2.3% -10.1% 946.1% 81.85%
2019 2.5% -1.7% 16.9% 94.12%

Total Return Ranking - Trailing

Period PMRPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.4% 11.7% 11.07%
1 Yr N/A -7.4% 26.1% 36.95%
3 Yr N/A* -9.9% 28.9% 29.47%
5 Yr N/A* -7.0% 59.1% 49.77%
10 Yr N/A* -2.4% 74.3% 44.05%

* Annualized

Total Return Ranking - Calendar

Period PMRPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.9% 45.41%
2022 -13.2% -32.2% 131.9% 36.43%
2021 0.6% -9.4% 9.2% 12.00%
2020 5.4% -1.9% 1009.0% 90.98%
2019 6.3% 1.1% 21668.0% 92.13%

NAV & Total Return History

PMRPX - Holdings

Concentration Analysis

PMRPX Category Low Category High PMRPX % Rank
Net Assets 141 M 2.9 M 314 B 85.99%
Number of Holdings 905 1 17787 43.95%
Net Assets in Top 10 117 M 1.62 M 36.1 B 69.99%
Weighting of Top 10 84.48% 4.4% 432.9% 3.68%

Top 10 Holdings

  1. FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 20.64%
  2. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 15.48%
  3. FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE 15.44%
  4. GNMA II TBA 30 YR 2.5 JUMBOS 6.19%
  5. BIRCH GROVE CLO LTD. BGCLO 19A A1RR 144A 5.67%
  6. FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 5.36%
  7. GNMA II TBA 30 YR 3 JUMBOS 5.34%
  8. FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 4.36%
  9. GNMA II TBA 30 YR 5 JUMBOS 3.18%
  10. TSY INFL IX N/B 01/25 0.25 2.82%

Asset Allocation

Weighting Return Low Return High PMRPX % Rank
Bonds 		175.07% 0.00% 993.61% 0.81%
Cash 		0.67% -54.51% 237.69% 79.86%
Stocks 		0.00% 0.00% 99.99% 49.14%
Preferred Stocks 		0.00% 0.00% 71.02% 41.81%
Convertible Bonds 		0.00% 0.00% 7.93% 89.04%
Other 		-15.40% -16.55% 52.94% 99.39%

Bond Sector Breakdown

Weighting Return Low Return High PMRPX % Rank
Securitized 		52.31% 0.00% 98.40% 12.09%
Government 		7.57% 0.00% 86.23% 88.52%
Derivative 		3.62% -1.41% 44.82% 3.87%
Cash & Equivalents 		0.67% -0.46% 237.69% 73.04%
Corporate 		0.00% 0.00% 100.00% 98.67%
Municipal 		0.00% 0.00% 100.00% 77.97%

Bond Geographic Breakdown

Weighting Return Low Return High PMRPX % Rank
US 		175.07% 0.00% 993.61% 0.81%
Non US 		0.00% 0.00% 35.41% 48.52%

PMRPX - Expenses

Operational Fees

PMRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.01% 39.64% 13.70%
Management Fee 0.60% 0.00% 1.76% 95.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.35% 0.01% 0.50% 97.69%

Sales Fees

PMRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PMRPX 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.

PMRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 77.38%

PMRPX - Distributions

Dividend Yield Analysis

PMRPX Category Low Category High PMRPX % Rank
Dividend Yield 6.08% 0.00% 10.11% 2.64%

Dividend Distribution Analysis

PMRPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PMRPX Category Low Category High PMRPX % Rank
Net Income Ratio 1.63% -1.28% 4.79% 55.09%

Capital Gain Distribution Analysis

PMRPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PMRPX - Fund Manager Analysis

Managers

Daniel Hyman

Start Date

Tenure

Tenure Rank

Jul 31, 2012

9.84

9.8%

Mr. Hyman is a managing director and co-head of the agency mortgage portfolio management team in the Newport Beach office. He is the lead portfolio manager on PIMCO's Ginnie Mae and Mortgage Opportunities Strategies and serves as a member of PIMCO's Executive Committee. Prior to joining PIMCO in 2008, Mr. Hyman was a vice president at Credit Suisse where he traded agency pass-throughs. He holds an undergraduate degree from Lehigh University.

Michael Cudzil

Start Date

Tenure

Tenure Rank

Jan 25, 2013

9.35

9.4%

Mr. Cudzil is a managing director in the Newport Beach office, a senior member of the liability-driven investment portfolio management team and a generalist portfolio manager. He has served as chair of the Americas Portfolio Committee, as a rotating member on the PIMCO Investment Committee and as co-head of the agency MBS portfolio management team. Prior to joining PIMCO in 2012, he worked as a managing director and head of pass-through trading at Nomura. Mr. Cudzil previously held similar roles at Bank of America and Lehman Brothers, as well as a senior trading position at Salomon Brothers. He has 23 years of investment experience and holds a bachelor's degree in political science from the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.79 1.16

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