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PONAX PIMCO Income A

  • Fund
  • PONAX
  • Price as of: May 22, 2019
  • $12.05 - $0.01 - 0.08%
  • Category
  • Total Bond Market

PONAX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $122 B
  • Holdings in Top 10 92.7%

52 WEEK LOW AND HIGH

$12.05
$11.75
$12.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 266.00%

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 2.0%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Daniel J. Ivascyn

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 (%)
YTD 2.0% -1.4% 8.8% 61.63%
1 Yr 0.3% -16.4% 4.9% 72.77%
3 Yr 0.6%* -4.6% 43.7% 12.77%
5 Yr -1.0%* -5.8% 22.9% 77.39%
10 Yr 3.1%* -7.4% 15.9% 2.14%

* Annualized


Return Ranking - Calendar

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -22.2% 3.1% 79.60%
2017 2.9% -5.1% 25.1% 10.37%
2016 2.8% -8.5% 192.8% 14.09%
2015 -4.9% -33.0% 3.0% 82.61%
2014 0.6% -29.8% 32.1% 51.26%

Total Return Ranking - Trailing

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.4% 8.8% 62.16%
1 Yr 0.3% -16.4% 8.0% 76.46%
3 Yr 0.6%* -4.6% 48.8% 32.40%
5 Yr -1.0%* -3.8% 28.1% 86.22%
10 Yr 3.1%* -7.4% 18.7% 16.17%

* Annualized


Total Return Ranking - Calendar

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -22.2% 7.9% 84.09%
2017 2.9% -4.6% 25.1% 23.58%
2016 2.8% -4.1% 204.3% 23.78%
2015 -4.9% -32.4% 4.2% 86.60%
2014 0.6% -29.8% 32.1% 61.41%

NAV & Total Return History

PONAX - Holdings

Concentration Analysis

PONAX Category Low Category High PONAX % Rank
Net Assets 122 B 337 K 218 B 0.66%
Number of Holdings 7195 3 17324 1.06%
Net Assets in Top 10 4.52 B -1.98 B 29.3 B 5.04%
Weighting of Top 10 92.67% 3.4% 1616.9% 8.48%

Top 10 Holdings

  1. Irs Jpy 0.45000 03/20/19-10y Lch 16.25%

  2. Irs Usd 2.75000 12/19/18-5y Cme 16.08%

  3. Irs Usd 3.14000 07/19/18-5y* Cme 9.42%

  4. Cirs Usd 4y Mat 3.85/2.00% M 7/2020 Dub 9.23%

  5. Cirs Usd 4y Mat 3.82/2.00% M 7/2020 Glm 9.23%

  6. Cirs Usd 4y Mat 3.82/2.00% M 6/2020 Myc 9.22%

  7. Fin Fut Uk Gilt Ice 03/27/19 6.81%

  8. Federal National Mortgage Association 3.5% 5.99%

  9. Federal National Mortgage Association 4% 5.32%

  10. Irs Usd 3.00000 12/19/18-10y Cme 5.11%


Asset Allocation

Weighting Return Low Return High PONAX % Rank
Bonds
136.84% -342.57% 340.77% 2.65%
Convertible Bonds
4.00% 0.00% 28.21% 2.78%
Stocks
0.42% -0.99% 97.68% 10.07%
Preferred Stocks
0.19% -0.18% 20.25% 18.29%
Other
0.19% -98.75% 19.81% 26.57%
Cash
-41.64% -246.66% 453.71% 97.61%

Stock Sector Breakdown

Weighting Return Low Return High PONAX % Rank
Real Estate
0.20% -0.03% 11.03% 8.75%
Financial Services
0.11% -0.20% 19.84% 15.48%
Consumer Cyclical
0.07% -0.17% 9.93% 14.54%
Energy
0.03% -0.07% 12.15% 29.20%
Utilities
0.00% -0.05% 6.86% 92.20%
Technology
0.00% -0.32% 12.59% 91.96%
Industrials
0.00% -0.15% 11.90% 92.43%
Healthcare
0.00% -0.21% 10.12% 92.32%
Communication Services
0.00% -0.05% 4.13% 92.79%
Consumer Defense
0.00% -0.21% 11.75% 92.08%
Basic Materials
0.00% -0.07% 7.31% 92.43%

Stock Geographic Breakdown

Weighting Return Low Return High PONAX % Rank
US
0.28% -7.14% 57.02% 10.34%
Non US
0.14% -0.62% 92.84% 5.70%

Bond Sector Breakdown

Weighting Return Low Return High PONAX % Rank
Securitized
70.81% 0.00% 102.58% 5.90%
Corporate
27.16% 0.00% 128.48% 68.39%
Government
24.23% -203.24% 178.24% 39.56%
Derivative
19.74% -190.53% 299.06% 1.46%
Municipal
0.24% 0.00% 102.07% 46.79%
Cash & Equivalents
-42.79% -547.52% 455.04% 97.75%

Bond Geographic Breakdown

Weighting Return Low Return High PONAX % Rank
US
128.55% -337.34% 218.41% 3.18%
Non US
8.29% -108.37% 122.36% 64.81%

PONAX - Expenses

Operational Fees

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.00% 38.42% 30.75%
Management Fee 0.65% 0.00% 2.15% 91.06%
12b-1 Fee 0.25% 0.00% 1.00% 56.13%
Administrative Fee 0.35% 0.00% 0.63% 97.76%

Sales Fees

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 52.96%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 266.00% 0.00% 2337.00% 85.62%

PONAX - Distributions

Dividend Yield Analysis

PONAX Category Low Category High PONAX % Rank
Dividend Yield 0.04% 0.00% 2.87% 17.88%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PONAX Category Low Category High PONAX % Rank
Net Income Ratio 4.16% -2.82% 7.22% 5.30%

Capital Gain Distribution Analysis

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

PONAX - Managers

Daniel J. Ivascyn

Manager

Start Date

Tenure

Tenure Rank

Mar 30, 2007

12.09

12.1%

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.


Alfred T. Murata

Manager

Start Date

Tenure

Tenure Rank

Mar 15, 2013

6.13

6.1%

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.


Joshua Anderson

Manager

Start Date

Tenure

Tenure Rank

Jul 30, 2018

0.75

0.8%

Mr. Anderson is a managing director and portfolio manager in the London office. He is one of the lead portfolio managers for PIMCO’s mortgage and real estate-related opportunistic strategies and oversees PIMCO's European opportunistic investments across public and private mortgage, real estate and specialty finance markets. Previously, he was a structured product portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2003, he was an analyst at Merrill Lynch covering both the residential ABS and collateralized debt obligation sectors and was ranked as one of the top analysts by Institutional Investor magazine. He was previously a portfolio manager at Merrill Lynch Investment Managers. He holds an MBA from the State University of New York, Buffalo.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95