PONAX: PIMCO Income A

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PONAX PIMCO Income A

  • Fund
  • PONAX
  • Price as of: Dec 06, 2019
  • $11.98
    - $0.00 - 0.00%

Profile

PONAX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $132 B
  • Holdings in Top 10 93.1%

52 WEEK LOW AND HIGH

$11.98
$11.75
$12.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.45%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 472.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.29%
DIVIDENDS
  • Dividend Yield 1.7%
  • 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.


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Categories

Fund Company Quick Screens

PONAX - Fund Company Quick Screens


Performance

PONAX - Performance

Return Ranking - Trailing

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -25.8% 15.2% 92.04%
1 Yr 7.1% -6.7% 12.7% 20.71%
3 Yr 5.2%* -11.6% 10.2% 12.59%
5 Yr 4.7%* -20.4% 6.6% 3.31%
10 Yr 8.2%* -3.6% 8.6% 1.49%

* Annualized

Return Ranking - Calendar

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -48.0% 0.8% 25.48%
2017 2.9% -14.8% 11.2% 35.64%
2016 2.8% -11.2% 19.1% 60.00%
2015 -4.9% -51.1% -0.7% 33.19%
2014 0.6% -29.8% 5.0% 19.19%

Total Return Ranking - Trailing

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -25.8% 15.2% 92.04%
1 Yr 3.1% -6.7% 12.7% 79.59%
3 Yr 3.8%* -13.3% 10.2% 22.79%
5 Yr 3.9%* -21.4% 6.6% 9.92%
10 Yr 7.8%* -3.6% 8.6% 2.24%

* Annualized

Total Return Ranking - Calendar

Period PONAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -48.0% 4.8% 43.95%
2017 2.9% -14.8% 14.0% 56.40%
2016 2.8% -11.2% 22.5% 68.36%
2015 -4.9% -51.1% 3.8% 44.12%
2014 0.6% -29.8% 11.7% 41.92%

NAV & Total Return History


Holdings

PONAX - Holdings

Concentration Analysis

PONAX Category Low Category High PONAX % Rank
Net Assets 132 B 6.44 M 132 B 1.17%
Number of Holdings 7570 5 7570 1.17%
Net Assets in Top 10 -42.1 B -42.1 B 5.96 B 99.13%
Weighting of Top 10 93.12% 6.6% 410.5% 10.79%

Top 10 Holdings

  1. Irs Usd 3.00000 06/19/19-5y Cme 14.19%
  2. Irs Jpy 0.45000 03/20/19-10y Lch 14.02%
  3. Irs Eur 0.00000 08/19/19-2y Lch 12.32%
  4. Fin Fut Us 5yr Cbt 12/31/19 9.67%
  5. Cirs Usd 4y Mat 3.85/2.00% M 7/2020 Dub 7.75%
  6. Cirs Usd 4y Mat 3.82/2.00% M 7/2020 Glm 7.75%
  7. Cirs Usd 4y Mat 3.82/2.00% M 6/2020 Myc 7.75%
  8. Federal National Mortgage Association 3% 7.22%
  9. Irs Eur 0.00000 09/09/19-2y Lch 6.26%
  10. Long Gilt Future Dec19 6.19%

Asset Allocation

Weighting Return Low Return High PONAX % Rank
Bonds
88.23% 31.88% 157.00% 70.55%
Cash
6.15% -76.54% 62.04% 48.40%
Convertible Bonds
4.59% 0.00% 11.31% 10.50%
Stocks
0.76% -25.45% 22.96% 30.32%
Other
0.24% -55.89% 27.77% 21.57%
Preferred Stocks
0.03% 0.00% 64.36% 57.14%

Stock Sector Breakdown

Weighting Return Low Return High PONAX % Rank
Consumer Cyclical
0.24% -0.14% 4.97% 24.58%
Real Estate
0.20% -0.04% 3.00% 11.63%
Financial Services
0.10% -0.19% 7.13% 29.24%
Energy
0.01% 0.00% 5.81% 43.52%
Utilities
0.00% -0.04% 5.90% 65.78%
Technology
0.00% -0.29% 4.99% 65.12%
Industrials
0.00% -0.12% 4.62% 66.11%
Healthcare
0.00% -0.17% 5.08% 67.11%
Communication Services
0.00% -0.04% 4.45% 65.45%
Consumer Defense
0.00% -0.10% 4.40% 63.46%
Basic Materials
0.00% 0.00% 3.33% 66.78%

Stock Geographic Breakdown

Weighting Return Low Return High PONAX % Rank
US
0.65% -25.45% 22.23% 31.49%
Non US
0.11% 0.00% 4.62% 16.33%

Bond Sector Breakdown

Weighting Return Low Return High PONAX % Rank
Securitized
81.00% 0.00% 111.40% 8.75%
Corporate
24.70% 0.00% 97.25% 86.59%
Derivative
13.61% -4.82% 43.66% 4.37%
Cash & Equivalents
5.44% -76.54% 62.04% 51.31%
Municipal
0.17% 0.00% 39.07% 35.86%
Government
-25.92% -47.30% 99.34% 96.79%

Bond Geographic Breakdown

Weighting Return Low Return High PONAX % Rank
US
89.73% 14.19% 140.38% 16.62%
Non US
-1.50% -13.53% 77.28% 96.50%

Expenses

PONAX - Expenses

Operational Fees

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.00% 76.93% 36.94%
Management Fee 0.65% 0.00% 2.25% 62.89%
12b-1 Fee 0.25% 0.00% 1.00% 45.33%
Administrative Fee 0.40% 0.00% 0.50% 96.20%

Sales Fees

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 5.75% 62.32%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

PONAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 472.00% 2.00% 899.00% 97.61%

Distributions

PONAX - Distributions

Dividend Yield Analysis

PONAX Category Low Category High PONAX % Rank
Dividend Yield 1.67% 0.00% 6.86% 39.94%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PONAX Category Low Category High PONAX % Rank
Net Income Ratio 4.29% 0.87% 10.10% 29.13%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PONAX - Fund Manager Analysis

Managers

Daniel J. Ivascyn


Start Date

Tenure

Tenure Rank

Mar 30, 2007

12.68

12.7%

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


Start Date

Tenure

Tenure Rank

Mar 15, 2013

6.72

6.7%

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


Start Date

Tenure

Tenure Rank

Jul 30, 2018

1.34

1.3%

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 b

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.56 5.34 0.92