Are you Looking for Income?
Income Fund | IE00BJ09LQ22
- INST-ACC
- Hedged
- GBP
Turning Shifting Markets Into Steady Income
Figure 1: Distributing a competitive monthly dividend
As of 31 July 2025. SOURCE: PIMCO.
PIMCO GIS Income fund distribution only includes dividend distribution. Distributions are not guaranteed. Past performance is not a guarantee or a reliable indicator of future results.
Featured Videos
In today’s markets, generating yield without sacrificing resilience is paramount. Group CIO Dan Ivascyn discusses how our income approach leverages elevated starting yields and a flexible portfolio to deliver attractive returns while managing risk.
Amid ongoing uncertainty and volatility, Group CIO Dan Ivascyn explains why it’s important to focus on high quality, and how we’re leveraging global high yielding opportunities to help cushion portfolios against volatility and optimize returns.
PIMCO Income Strategy Update – October 2024
Dan Ivascyn, Group CIO and Esteban Burbano, Fixed Income Strategist, discuss the Income Strategy including the market outlook, key risk factors and the relative value between cash and fixed income.
Why Now For Fixed Income (Dutch language)
With central banks poised to begin, or continue, cutting rates, the time is potentially right to move into fixed income. We believe the first step to lock-in today’s attractive bond yields could be moving into a high-quality, active bond strategy.
Related Insights
We focus on high quality investments with compelling yields in an environment of elevated uncertainty.
In today’s markets, generating yield without sacrificing resilience is paramount. Group CIO Dan Ivascyn discusses how our income approach leverages elevated starting yields and a flexible portfolio to deliver attractive returns while managing risk.
We maintain a focus on resiliency as elevated yields within high quality fixed income continue to offer attractive opportunities.
Attractive yields and a broad opportunity set bolster active bond investments amid today’s uncertain macroeconomic and market outlook.
We seek to capitalize on today’s attractive yields while staying mindful of economic and market uncertainties.
With yields high and policy rates beginning to drop, we see a compelling global opportunity set for bond investors.
With the potential for higher-for-longer yields across countries, we see the global fixed income opportunity set as the most attractive in years.
Many investors remain in cash, but we think it’s time to shift exposure to bonds.
We see meaningful value in high quality, more liquid bonds that offer compelling yields and potential price appreciation should the economy weaken.
Experienced Income Investment Management Team
The team draw on the firm’s time-tested investment process: our rigorously developed global macro-outlook, bottom-up credit analysis and research teams’ deep reservoir of specialized investment expertise.
Daniel J. Ivascyn
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, credit hedge fund, and mortgage opportunistic strategies, and is also a portfolio manager for total return strategies. He is a member of PIMCO's Executive Committee and a member of the Investment Committee. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013, and he was inducted into the Fixed Income Analysts Society Hall of Fame in 2019. 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 has 34 years of investment experience and 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 Murata
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 has 26 years of investment experience and 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
Mr. Anderson is a managing director and portfolio manager on the income team in the Newport Beach office. He also leads the global ABS (asset-backed securities) portfolio management team and supports the firm's opportunistic strategies. Previously at PIMCO, he oversaw PIMCO's European opportunistic investments across public and private mortgage, real estate and specialty finance markets, and earlier 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 has 30 years of investment experience and holds an MBA from the State University of New York, Buffalo.