in-page

March 20, 2020: PIMCO CIO Global Credit Mark Kiesel discusses our take on credit markets. Watch now >

Credit Strategies

Aim higher than low yields

Investment Grade Credit Bond Fund (PIGIX)

Overall Morningstar Rating™

Corporate Bond (171 funds)

Benchmark

Bloomberg Barclays U.S. Credit Index

Average Annual
Returns (%)
1 yr 3 yr 5 yr 10 yr S.I.*
Fund 14.72 6.66 5.42 6.69 7.55
Benchmark 13.80 5.75 4.39 5.32 6.05
Fund inception date 04/28/2000
30-Day SEC Yield (as of 2/29/2020) 2.48%
Gross Expense Ratio 0.77%
Adjusted Expense Ratio 0.50%

Preferred and Capital Securities Fund (PFINX)

Overall Morningstar Rating™

Preferred Stock (55 funds)

Benchmark

70% ICE BofAML 8% Constrained Core West Preferred & Jr Subordinated Securities Index (P8JC) and 30% ICE BofAML Contingent Capital Index (COCO)

Average Annual
Returns (%)
1 yr 3 yr 5 yr 10 yr S.I.*
Fund 20.42 9.34 - - 7.72
Benchmark 18.44 8.44 - - 6.79
Fund inception date 04/13/2015
30-Day SEC Yield (as of 2/29/2020) 2.69%
Gross Expense Ratio 0.90%
Net Expense Ratio1 0.81%
Adjusted Expense Ratio 0.80%

Diversified Income Fund (PDIIX)

Overall Morningstar Rating™

Multisector Bond (270 funds)

Benchmark

Bloomberg Barclays Global Credit Hedged USD Index

Average Annual
Returns (%)
1 yr 3 yr 5 yr 10 yr S.I.*
Fund 12.78 6.72 6.35 6.65 7.11
Benchmark 12.08 5.59 4.75 5.52 5.45
Fund inception date 07/31/2003
30-Day SEC Yield (as of 2/29/2020) 2.42%
Gross Expense Ratio 0.79%
Adjusted Expense Ratio 0.75%

Morningstar ratings as of 2/29/2020. Performance data as of 12/31/2019. Source: PIMCO, Bloomberg. Mutual Fund performance is for the Institutional Class Shares. Performance displayed is net of fees. 1 The Net Expense Ratio reflects a contractual fee waiver related to the Fund's subsidiary that will not terminate so long as PIMCO's advisory contract with the Fund's subsidiary is in place. The Adjusted Expense Ratio is the same as the Net Expense Ratio, but also excludes certain investment expenses such as interest expense from borrowings and repurchase agreements and dividend expense from investments on short sales, incurred directly by the Fund or indirectly through the Fund's investments in underlying PIMCO Funds (if applicable), none of which are paid to PIMCO.

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown. For performance current to the most recent month-end, visit www.pimco.com or call (888) 87-PIMCO.

Explore our full credit solutions suite

PIMCO Flexible Credit Income Fund

With lower returns expected from traditional asset classes, PIMCO Flexible Credit Income Fund can opportunistically invest in global public and private credit markets, which may help enhance return potential.

Learn more

PIMCO’s Credit Capabilities

As one of the largest investors in global credit markets, we seek to identify value across the credit spectrum before the market.

$420 billion

Assets under management in the credit platform (as of 12/31/2019)

125

Portfolio managers dedicated to credit

65

Research analysts independently rate bonds

Need help finding credit solutions for the current market environment?

Connect with our team today.