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Name

As of 11/21/2024

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 Low Duration Credit Fund

PSRIX | Fund

$9.14

$153 M

7.91%

$0.72

0.75%

Vitals

YTD Return

8.6%

1 yr return

12.0%

3 Yr Avg Return

6.0%

5 Yr Avg Return

4.2%

Net Assets

$153 M

Holdings in Top 10

13.2%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 134.00%

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 11/21/2024

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 Low Duration Credit Fund

PSRIX | Fund

$9.14

$153 M

7.91%

$0.72

0.75%

PSRIX - Profile

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.63%
DIVIDENDS
  • Dividend Yield 7.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Low Duration Credit Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Apr 29, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Levinson

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 Fixed Income Instruments. “Fixed Income Instruments” include bank loans (including, among others, covenant-lite obligations), bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. entities.The Fund may invest in fixed, floating and adjustable rate debt, including senior secured loans and senior corporate debt. A senior secured debt security holds a senior position in the issuer’s capital structure and is typically secured by collateral such that, under normal circumstances, holders (such as the Fund) enjoy a priority claim to some or all of the issuer’s assets in the event of default as compared to other creditors of the issuer. Variable and floating-rate Fixed Income Instruments generally pay interest at rates that adjust whenever a specified interest rate changes and/or reset on predetermined dates (such as the last day of a month or calendar quarter).The Fund may invest in both investment grade securities and high yield securities (“junk bonds”) and may primarily invest its assets in below investment grade securities subject to a maximum of 10% of its total assets in securities rated below Caa 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 average portfolio duration of the Fund will normally vary from zero to three 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. The Fund may invest up to 25% of its total assets in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 10% of its total assets in securities and instruments of issuers economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 25% of its total assets in such instruments). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets.The Fund may invest in derivative instruments, such as credit default swap and total return swap agreements, interest rate swaps, futures and options, subject to applicable law and any other restrictions described in the 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 Fund may only invest in common equity interests, such as common stocks or other common equity-related securities, received through the conversion of a Fixed Income Instrument or in connection with a corporate action or debt restructuring. The Fund may also invest up to 15% of its total assets in preferred securities.
Read More

PSRIX - Performance

Return Ranking - Trailing

Period PSRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -4.1% 10.2% 12.45%
1 Yr 12.0% -3.7% 14.6% 2.26%
3 Yr 6.0%* -6.9% 8.3% 27.24%
5 Yr 4.2%* -6.2% 38.4% 70.12%
10 Yr 3.7%* -2.2% 19.7% 50.55%

* Annualized

Return Ranking - Calendar

Period PSRIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -12.0% 11.1% 24.06%
2022 -6.5% -22.9% 5.1% 29.73%
2021 -1.0% -12.2% 11.1% 96.84%
2020 -5.0% -14.1% 289.8% 80.25%
2019 4.1% -8.1% 7.5% 6.78%

Total Return Ranking - Trailing

Period PSRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -4.1% 10.2% 12.45%
1 Yr 12.0% -3.7% 14.6% 2.26%
3 Yr 6.0%* -6.9% 8.3% 27.24%
5 Yr 4.2%* -6.2% 38.4% 70.12%
10 Yr 3.7%* -2.2% 19.7% 50.55%

* Annualized

Total Return Ranking - Calendar

Period PSRIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -12.0% 22.1% 55.64%
2022 -1.5% -22.9% 5.1% 28.19%
2021 3.7% -10.2% 11.1% 78.66%
2020 -1.1% -14.1% 306.9% 81.07%
2019 9.4% -3.6% 10.5% 7.63%

NAV & Total Return History

PSRIX - Holdings

Concentration Analysis

PSRIX Category Low Category High PSRIX % Rank
Net Assets 153 M 29.9 M 13.5 B 85.38%
Number of Holdings 442 2 1977 32.56%
Net Assets in Top 10 20 M -191 M 2.37 B 87.21%
Weighting of Top 10 13.24% 5.2% 100.7% 52.14%

Top 10 Holdings

  1. US TREASURY N/B 06/25 4.625 4.41%
  2. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 2.32%
  3. TRANSDIGM, INC. 2023 TERM LOAN J 1.09%
  4. COTIVITI CORPORATION 2024 TERM LOAN 1.00%
  5. CLYDESDALE ACQ HOLDINGS INC. TERM LOAN B 0.81%
  6. NOURYON FINANCE BV 2024 TERM LOAN B 0.76%
  7. MCAFEE LLC 2024 USD TERM LOAN B 0.74%
  8. APPLIED SYSTEMS INC 2024 1ST LIEN TERM LOAN 0.73%
  9. UNITED TALENT AGENCY LLC 2024 TERM LOAN B 0.69%
  10. UKG, INC, 2024 TERM LOAN B 0.68%

Asset Allocation

Weighting Return Low Return High PSRIX % Rank
Bonds 		98.59% 0.00% 161.82% 20.16%
Cash 		2.32% -61.90% 16.36% 54.65%
Other 		0.59% -52.39% 34.87% 20.93%
Stocks 		0.38% 0.00% 100.74% 65.50%
Preferred Stocks 		0.00% -3.99% 7.30% 52.71%
Convertible Bonds 		0.00% 0.00% 5.51% 57.81%

Stock Sector Breakdown

Weighting Return Low Return High PSRIX % Rank
Utilities 		0.00% 0.00% 100.00% N/A
Technology 		0.00% 0.00% 100.00% N/A
Real Estate 		0.00% 0.00% 48.61% N/A
Industrials 		0.00% 0.00% 100.00% N/A
Healthcare 		0.00% 0.00% 100.00% N/A
Financial Services 		0.00% 0.00% 89.61% N/A
Energy 		0.00% 0.00% 100.00% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 100.00% N/A
Consumer Cyclical 		0.00% 0.00% 97.66% N/A
Basic Materials 		0.00% 0.00% 1.36% N/A

Stock Geographic Breakdown

Weighting Return Low Return High PSRIX % Rank
US 		0.38% -0.01% 100.74% 63.18%
Non US 		0.00% 0.00% 0.68% 41.09%

Bond Sector Breakdown

Weighting Return Low Return High PSRIX % Rank
Corporate 		82.25% 0.00% 99.80% 88.28%
Government 		3.18% 0.00% 3.18% 0.78%
Cash & Equivalents 		2.32% 0.00% 25.03% 48.84%
Derivative 		0.59% -10.96% 0.59% 0.78%
Securitized 		0.05% 0.00% 91.68% 48.83%
Municipal 		0.00% 0.00% 0.47% 30.86%

Bond Geographic Breakdown

Weighting Return Low Return High PSRIX % Rank
US 		98.59% 0.00% 123.41% 17.05%
Non US 		0.00% 0.00% 63.23% 60.08%

PSRIX - Expenses

Operational Fees

PSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.03% 5.51% 84.53%
Management Fee 0.70% 0.00% 1.89% 78.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% 97.14%

Sales Fees

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

Trading Fees

PSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 20.00%

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.

PSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 134.00% 4.00% 180.00% 95.06%

PSRIX - Distributions

Dividend Yield Analysis

PSRIX Category Low Category High PSRIX % Rank
Dividend Yield 7.91% 0.00% 11.13% 88.72%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PSRIX Category Low Category High PSRIX % Rank
Net Income Ratio 3.63% 1.77% 9.82% 47.24%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PSRIX - Fund Manager Analysis

Managers

Michael Levinson

Start Date

Tenure

Tenure Rank

Apr 01, 2020

2.16

2.2%

Michael Levinson is the Senior Vice President of PIMCO. Mr. Levinson is a leveraged finance portfolio manager and member of the income portfolio management team in the Newport Beach office. He joined the leveraged finance team in 2012 after two years as a credit analyst. Prior to joining PIMCO in 2009, he was a leveraged finance research analyst at Credit Suisse. He has investment experience since 2008 and holds an undergraduate degree from the United States Naval Academy.

David Forgash

Start Date

Tenure

Tenure Rank

Apr 01, 2020

2.16

2.2%

Executive Vice President, PIMCO. Mr. Forgash is a portfolio manager and head of global leveraged loans. In addition to being the lead portfolio manager for leveraged loans, he is also a member of the high yield and multi-sector credit teams. Prior to joining PIMCO in 2018, he was a senior portfolio manager at Millennium Capital Partners, investing across European credit. Previously, he was an executive director of European credit trading at Morgan Stanley, a managing director of U.S. credit trading at Greenwich Capital and a vice president in credit trading at Lehman Brothers. He has investment experience since 1994 and holds an MBA from the Stern School of Business at New York University. He received an undergraduate degree in economics from the University of Delaware.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25

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