PIMCO StocksPLUS Short Fund
Name
As of 11/22/2024Price
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
Vitals
YTD Return
-14.5%
1 yr return
-17.2%
3 Yr Avg Return
-5.6%
5 Yr Avg Return
0.0%
Net Assets
$124 M
Holdings in Top 10
39.8%
52 WEEK LOW AND HIGH
$6.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.91%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 161.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
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
PSSCX - Profile
Distributions
- YTD Total Return -14.5%
- 3 Yr Annualized Total Return -5.6%
- 5 Yr Annualized Total Return 0.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.65%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePIMCO StocksPLUS Short Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateAug 03, 2006
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJing Yang
Fund Description
The Fund seeks to achieve its investment objective by investing primarily in short positions with respect to the S&P 500 Index (the “Index”) or specific Index securities, backed by a portfolio of Fixed Income Instruments, such that the Fund’s net asset value may vary inversely with the value of the Index on a daily basis, subject to certain limitations summarized below. In managing the Fund’s investments in Fixed Income Instruments, PIMCO utilizes an absolute return approach, which is designed to have flexibility with respect to duration, overall sector exposures, non-U.S. exposures and credit quality, both as a function of the strategy’s investment guidelines and lack of a fixed income index benchmark. The absolute return approach seeks positive investment returns regardless of market environment and does not apply to the equity index replicating component of the Fund. “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 Fund will generally benefit when the price of the Index is declining. When the Index is rising or flat, the Fund will generally not perform as well. Fixed Income Instruments owned by the Fund may also benefit or detract from the Fund’s net asset value. The Fund is designed for investors seeking to take advantage of declines in the value of the Index, or investors wishing to hedge existing long equity positions. However, the Fund is not designed or expected to produce returns which replicate the inverse of the performance of the Index due to compounding, PIMCO active management, Fund fees and expenses and other factors discussed below.The Fund will maintain short positions through the use of a combination of derivatives, including options, futures, options on futures, and swaps. The Fund may invest, without limitation, in such instruments. While the Fund will, under normal circumstances, invest primarily in Index short positions backed by a portfolio of Fixed Income Instruments, PIMCO may reduce the Fund’s exposure to Index short positions when PIMCO deems it appropriate to do so. Additionally, the Fund may purchase call options on Index futures contracts or on other similar Index derivatives in an effort to limit the total potential decline in the Fund’s net asset value during a market in which prices of securities are rising or expected to rise. Further, PIMCO, in its discretion, may seek to reduce the overall risk in the Fund's portfolio of Fixed Income Instruments when the Fund's short equity positions have generated or generate higher levels of income.Assets not invested in equity securities or derivatives may be invested in Fixed Income Instruments. PIMCO actively manages the fixed income assets held by the Fund with a view toward enhancing the Fund’s total return, subject to an overall portfolio duration which normally varies from (negative) 3 years to positive 8 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. The Fund may invest up to 20% of its total assets in high yield securities (“junk bonds”) rated B or higher 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 (except that within such 20% limitation, the Fund may invest in mortgage-related securities rated below B). 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 limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 25% of its total assets in securities and instruments that are 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 in such instruments without limitation subject to any applicable legal or regulatory limitation). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 35% of its total assets. The Fund will normally limit its exposure (from non- U.S. dollar-denominated securities or currencies) to each non-U.S. currency to 10% of its total assets. The Fund will normally limit its aggregate U.S. dollar exposure from transactions or instruments that reference the relative return of a non-U.S. currency or currencies as compared to the U.S. dollar to 20% of its total assets. The Fund may also invest up to 10% of its total assets in preferred securities.Although the Fund uses derivatives and other short positions to gain exposures that may vary inversely with the performance of the Index on a daily basis, the Fund as a whole is not designed or expected to produce returns which replicate the inverse of the performance of the Index, and the degree of variation could be substantial, particularly over longer periods.
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PSSCX - Performance
Return Ranking - Trailing
| Period | PSSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -14.5% | -76.9% | 37.2% | 33.07% |
| 1 Yr | -17.2% | -80.8% | 16.7% | 22.83% |
| 3 Yr | -5.6%* | -60.2% | 5.2% | 30.71% |
| 5 Yr | 0.0%* | -76.3% | 9.7% | 8.66% |
| 10 Yr | 11.9%* | -69.4% | 13.1% | 2.61% |
* Annualized
Return Ranking - Calendar
| Period | PSSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.2% | -85.3% | 15.3% | 21.26% |
| 2022 | 15.6% | -73.7% | 116.7% | 57.48% |
| 2021 | 53.7% | -80.9% | 94.9% | 5.51% |
| 2020 | -25.0% | -96.0% | 153.8% | 25.20% |
| 2019 | -21.7% | -84.0% | -9.3% | 19.20% |
Total Return Ranking - Trailing
| Period | PSSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -14.5% | -76.9% | 37.2% | 33.07% |
| 1 Yr | -17.2% | -80.8% | 16.7% | 22.83% |
| 3 Yr | -5.6%* | -60.2% | 5.2% | 30.71% |
| 5 Yr | 0.0%* | -76.3% | 9.7% | 8.66% |
| 10 Yr | 11.9%* | -69.4% | 13.1% | 2.61% |
* Annualized
Total Return Ranking - Calendar
| Period | PSSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.6% | -84.6% | 18.9% | 29.13% |
| 2022 | 16.2% | -73.6% | 117.2% | 56.69% |
| 2021 | 54.2% | -80.9% | 94.9% | 5.51% |
| 2020 | -21.9% | -95.9% | 153.8% | 20.47% |
| 2019 | -21.1% | -83.8% | -8.6% | 20.00% |
NAV & Total Return History
PSSCX - Holdings
Concentration Analysis
| PSSCX | Category Low | Category High | PSSCX % Rank | |
|---|---|---|---|---|
| Net Assets | 124 M | 240 K | 3.02 B | 20.00% |
| Number of Holdings | 799 | 4 | 799 | 3.85% |
| Net Assets in Top 10 | 45.5 M | 353 K | 2.88 B | 28.46% |
| Weighting of Top 10 | 39.81% | 37.3% | 249.0% | 96.92% |
Top 10 Holdings
- PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND 9.09%
- TSY INFL IX N/B 07/25 0.375 5.75%
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 4.99%
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 4.18%
- TSY INFL IX N/B 01/25 0.25 2.95%
- FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 2.84%
- TSY INFL IX N/B 10/24 0.125 2.75%
- APPLE INC COMMON STOCK USD.00001 2.59%
- JAPAN TREASURY DISC BILL BILLS 08/24 0.00000 2.39%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 2.28%
Asset Allocation
| Weighting | Return Low | Return High | PSSCX % Rank | |
|---|---|---|---|---|
| Bonds | 90.10% | 0.00% | 92.50% | 4.62% |
| Cash | 9.17% | 0.00% | 255.85% | 53.08% |
| Stocks | 8.78% | -98.22% | 100.00% | 20.00% |
| Other | 6.43% | -62.82% | 156.23% | 66.92% |
| Convertible Bonds | 2.47% | 0.00% | 2.47% | 3.85% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 87.69% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PSSCX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 5.05% | 74.07% |
| Technology | 0.00% | 0.00% | 30.00% | 22.22% |
| Real Estate | 0.00% | 0.00% | 4.40% | 74.07% |
| Industrials | 0.00% | 0.00% | 10.52% | 74.07% |
| Healthcare | 0.00% | 0.00% | 14.47% | 22.22% |
| Financial Services | 0.00% | 0.00% | 100.00% | 74.07% |
| Energy | 0.00% | 0.00% | 100.00% | 74.07% |
| Communication Services | 0.00% | 0.00% | 40.00% | 74.07% |
| Consumer Defense | 0.00% | 0.00% | 7.68% | 22.22% |
| Consumer Cyclical | 0.00% | 0.00% | 30.00% | 22.22% |
| Basic Materials | 0.00% | 0.00% | 3.58% | 88.89% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PSSCX % Rank | |
|---|---|---|---|---|
| US | 8.78% | -98.22% | 100.00% | 20.00% |
| Non US | 0.00% | 0.00% | 20.00% | 87.69% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PSSCX % Rank | |
|---|---|---|---|---|
| Securitized | 15.54% | 0.00% | 15.54% | 3.94% |
| Cash & Equivalents | 9.17% | 0.00% | 255.85% | 48.82% |
| Government | 7.93% | 0.00% | 99.07% | 14.96% |
| Corporate | 2.71% | 0.00% | 8.61% | 13.39% |
| Municipal | 0.06% | 0.00% | 0.06% | 3.94% |
| Derivative | -0.96% | -86.32% | 8.63% | 38.58% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PSSCX % Rank | |
|---|---|---|---|---|
| US | 87.13% | 0.00% | 92.50% | 4.62% |
| Non US | 2.96% | 0.00% | 2.96% | 3.85% |
PSSCX - Expenses
Operational Fees
| PSSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.91% | 0.59% | 8.36% | 44.88% |
| Management Fee | 0.79% | 0.35% | 1.50% | 66.15% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.47% |
| Administrative Fee | 0.40% | 0.03% | 0.45% | 97.50% |
Sales Fees
| PSSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.75% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.00% | 100.00% |
Trading Fees
| PSSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| PSSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 161.00% | 0.00% | 181.00% | 96.77% |
PSSCX - Distributions
Dividend Yield Analysis
| PSSCX | Category Low | Category High | PSSCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 17.26% | 100.00% |
Dividend Distribution Analysis
| PSSCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PSSCX | Category Low | Category High | PSSCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.65% | -7.24% | 3.75% | 4.31% |
Capital Gain Distribution Analysis
| PSSCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 09, 2023 | $0.148 | OrdinaryDividend |
| Dec 27, 2022 | $0.000 | OrdinaryDividend |
| Jun 09, 2022 | $0.040 | OrdinaryDividend |
| Mar 11, 2021 | $0.016 | ReturnOfCapital |
| Dec 28, 2020 | $0.072 | OrdinaryDividend |
| Sep 10, 2020 | $0.079 | OrdinaryDividend |
| Jun 11, 2020 | $0.067 | OrdinaryDividend |
| Dec 26, 2019 | $0.000 | OrdinaryDividend |
| Mar 14, 2019 | $0.055 | OrdinaryDividend |
| Dec 26, 2018 | $0.029 | OrdinaryDividend |
| Jun 14, 2018 | $0.000 | OrdinaryDividend |
| Mar 15, 2018 | $0.001 | OrdinaryDividend |
| Dec 27, 2017 | $0.000 | OrdinaryDividend |
| Sep 14, 2017 | $0.053 | OrdinaryDividend |
| Jun 15, 2017 | $0.029 | OrdinaryDividend |
| Dec 29, 2015 | $0.143 | OrdinaryDividend |
| Sep 17, 2015 | $0.136 | OrdinaryDividend |
| Jun 18, 2015 | $0.021 | OrdinaryDividend |
| Mar 19, 2015 | $0.011 | OrdinaryDividend |
| Dec 29, 2014 | $0.000 | OrdinaryDividend |
| Sep 18, 2014 | $0.000 | OrdinaryDividend |
| Jun 19, 2014 | $0.000 | OrdinaryDividend |
| Mar 20, 2014 | $0.020 | OrdinaryDividend |
| Dec 27, 2013 | $0.000 | OrdinaryDividend |
| Sep 19, 2013 | $0.007 | OrdinaryDividend |
| Jun 20, 2013 | $0.003 | OrdinaryDividend |
| Mar 21, 2013 | $0.000 | OrdinaryDividend |
| Dec 27, 2012 | $0.000 | OrdinaryDividend |
| Sep 20, 2012 | $0.003 | OrdinaryDividend |
| Jun 21, 2012 | $0.010 | OrdinaryDividend |
| Mar 22, 2012 | $0.035 | OrdinaryDividend |
| Sep 15, 2011 | $0.038 | OrdinaryDividend |
| Jun 16, 2011 | $0.014 | OrdinaryDividend |
| Mar 17, 2011 | $0.015 | OrdinaryDividend |
| Sep 16, 2010 | $0.009 | OrdinaryDividend |
| Jun 17, 2010 | $0.005 | OrdinaryDividend |
| Mar 18, 2010 | $0.010 | OrdinaryDividend |
| Dec 09, 2009 | $0.242 | CapitalGainShortTerm |
| Dec 09, 2009 | $0.117 | CapitalGainLongTerm |
| Sep 17, 2009 | $0.033 | OrdinaryDividend |
| Jun 18, 2009 | $0.051 | OrdinaryDividend |
| Mar 19, 2009 | $0.145 | OrdinaryDividend |
| Dec 30, 2008 | $0.050 | OrdinaryDividend |
| Dec 10, 2008 | $5.655 | CapitalGainLongTerm |
| Sep 18, 2008 | $0.027 | OrdinaryDividend |
| Jun 19, 2008 | $0.012 | OrdinaryDividend |
| Mar 20, 2008 | $0.000 | OrdinaryDividend |
| Dec 27, 2007 | $0.306 | OrdinaryDividend |
| Sep 20, 2007 | $0.044 | OrdinaryDividend |
| Jun 21, 2007 | $0.001 | OrdinaryDividend |
| Mar 22, 2007 | $0.000 | OrdinaryDividend |
| Dec 27, 2006 | $0.306 | OrdinaryDividend |
| Sep 21, 2006 | $0.012 | OrdinaryDividend |
PSSCX - Fund Manager Analysis
Managers
Jing Yang
Start Date
Tenure
Tenure Rank
Jul 20, 2018
3.87
3.9%
Ms. Yang is an executive vice president and a mortgage specialist in the structured credit group in the Newport Beach office. Prior to joining Pacific Investment Management Company LLC in 2006, she worked in home equity loan structuring at Morgan Stanley in New York. She has eight years of investment experience and holds a Ph.D. in Bioinformatics and a master's degree in statistics from the University of Chicago.Ms. Yang is an Executive Vice President of Pacific Investment Management Company LLC.
Bryan Tsu
Start Date
Tenure
Tenure Rank
Jul 20, 2018
3.87
3.9%
Mr. Tsu is a senior vice president and portfolio manager in the Newport Beach office, focusing on commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs). Prior to joining Pacific Investment Management Company LLC in 2008, he worked at Bear Stearns in New York, syndicating collateralized loan and collateralized debt obligations and other asset-backed transactions. He has eight years of investment experience and holds a bachelor's degree in economics and operations research from Columbia University.Mr. Tsu is one of Executive Vice Presidents of Pacific Investment Management Company LLC.
Marc Seidner
Start Date
Tenure
Tenure Rank
Feb 04, 2021
1.32
1.3%
Mr. Seidner is CIO Non-traditional Strategies, a managing director and head of portfolio management in the New York office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC. Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management. He holds an undergraduate degree in economics from Boston College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 23.76 | 9.04 | 14.22 |