Continue to site >
Trending ETFs

Name

As of 04/24/2024

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

$5.99

$261 M

5.89%

$0.35

2.01%

Vitals

YTD Return

-1.5%

1 yr return

5.8%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

1.2%

Net Assets

$261 M

Holdings in Top 10

101.4%

52 WEEK LOW AND HIGH

$6.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.00%

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 04/24/2024

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

$5.99

$261 M

5.89%

$0.35

2.01%

PFSIX - Profile

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.01%
DIVIDENDS
  • Dividend Yield 5.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Emerging Markets Full Spectrum Bond Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Feb 25, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Yacov Arnopolin

Fund Description

The Fund is designed to provide dynamic exposure to a broad range of emerging market fixed income asset classes, such as external debt obligations of sovereign, quasi-sovereign, and corporate entities; currencies, and local currency-denominated obligations of sovereigns, quasi-sovereigns, and corporate issuers. PIMCO uses a three-step active management approach in seeking to achieve the Fund’s investment objective: 1) develop a target asset allocation to implement across the eligible investments; 2) identify additional opportunities for country and security selection designed to add value beyond the target asset allocation within each of the eligible investments; and 3) employ additional investment strategies designed to either mitigate or emphasize risks resulting from the implementation of the target asset allocation. This active management approach is driven by PIMCO’s global macroeconomic views, emerging markets expertise and experience across a wide range of investment instruments. The Fund’s assets are allocated in a manner that reflects PIMCO’s views regarding the attractiveness of key investment risk factors, considering both return potential and volatility, and includes an assessment of aggregate country, issuer and currency exposures.PIMCO evaluates these three steps daily and uses varying combinations of Acquired Funds (defined below) and/or direct investments in efforts to achieve the most efficient execution of PIMCO’s investment views. Specifically, “Acquired Funds” refers to the following: funds of the Trust and funds of PIMCO Equity Series and PIMCO ETF Trust, affiliated open-end investment companies, except funds of funds and PIMCO California Municipal Intermediate Value Fund, PIMCO California Municipal Opportunistic Value Fund, PIMCO National Municipal Intermediate Value Fund and PIMCO National Municipal Opportunistic Value Fund (“Underlying PIMCO Funds”) and other affiliated and unaffiliated funds in which the Fund may invest. The term “fund of funds” refers to mutual funds that pursue their investment objective by investing all or a significant portion of their assets in other funds. Acquired Funds may or may not be registered under the Investment Company Act of 1940 (the “1940 Act”). To the extent Underlying PIMCO Funds of the Trust or PIMCO Equity Series are held, Institutional Class or Class M shares will be held. The Fund’s investments may also include Fixed Income Instruments of varying maturities, forwards or derivatives, such as options, futures contracts or swap agreements. “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 invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. To the extent the Fund invests in Underlying PIMCO Funds, PIMCO expects to select such Underlying PIMCO Funds without considering or canvassing the universe of available unaffiliated Acquired Funds.The Fund invests under normal circumstances at least 80% of its assets in investments economically tied to emerging market countries and 80% of its assets in Fixed Income Instruments, which may be represented by direct or indirect (through an Acquired Fund) investments. The Fund may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. In addition, the Fund may invest in both investment-grade securities and high yield securities (“junk bonds”) rated at least Caa by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Rating Services (“S&P”) or Fitch, 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 Fund’s benchmark index is a blend of 50% JPMorgan Global Bond Index Emerging Markets-Global Diversified, 25% JPMorgan Emerging Markets Bond Index Global and 25% JPMorgan Corporate Emerging Market Bond Index Diversified (the “Benchmark”). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to between 20% and 80% of its assets. The average portfolio duration of this Fund normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the Benchmark, as calculated by PIMCO, which as of May 31, 2023 was 5.13 years. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.The Fund’s assets are not allocated according to a predetermined blend of investment exposures or mix of instruments. PIMCO has the flexibility to reallocate the Fund’s assets among any or all of the investment exposures represented by affiliated or unaffiliated funds, or invest directly in securities, instruments and other investments, based on its ongoing analyses of the global economy and financial markets. While these analyses are performed daily, material shifts in investment exposures typically take place over longer periods of time, unless in response to a perceived short-term opportunity or market dislocation. The “total return” sought by the Fund consists of income earned on the Fund’s investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular sector or security.Additional information for the Underlying PIMCO Funds can be found in the Statement of Additional Information and/ or the Underlying PIMCO Funds’ prospectuses and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without shareholder notification.
Read More

PFSIX - Performance

Return Ranking - Trailing

Period PFSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -6.1% 8.5% 68.21%
1 Yr 5.8% -7.3% 22.4% 66.89%
3 Yr -1.6%* -14.6% 4.4% 35.40%
5 Yr 1.2%* -9.3% 6.4% 30.51%
10 Yr 1.0%* -5.8% 4.9% 50.87%

* Annualized

Return Ranking - Calendar

Period PFSIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -10.6% 17.8% 45.70%
2022 -15.3% -29.1% -2.4% 26.71%
2021 -9.0% -24.0% 2.7% 67.02%
2020 -0.3% -14.0% 9.7% 70.29%
2019 9.1% -6.4% 13.0% 28.31%

Total Return Ranking - Trailing

Period PFSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -6.1% 8.5% 68.21%
1 Yr 5.8% -7.3% 22.4% 66.89%
3 Yr -1.6%* -14.6% 4.4% 35.40%
5 Yr 1.2%* -9.3% 6.4% 30.51%
10 Yr 1.0%* -5.8% 4.9% 50.87%

* Annualized

Total Return Ranking - Calendar

Period PFSIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -0.6% 20.0% 38.74%
2022 -10.8% -27.6% -1.7% 24.66%
2021 -4.8% -18.5% 7.4% 65.96%
2020 4.7% -7.8% 18.0% 57.61%
2019 15.2% -3.0% 23.0% 20.96%

NAV & Total Return History


PFSIX - Holdings

Concentration Analysis

PFSIX Category Low Category High PFSIX % Rank
Net Assets 261 M 565 K 14.4 B 51.82%
Number of Holdings 49 4 1888 94.72%
Net Assets in Top 10 269 M -134 M 1.25 B 14.52%
Weighting of Top 10 101.39% 5.1% 101.4% 0.33%

Top 10 Holdings

  1. PIMCO EMERGING MARKETS LOCAL C PIMCO E/M LCL CUR + BND INST 47.98%
  2. PIMCO EMERGING MARKETS BOND FU PIMCO EMRG MRKTS BND INST 25.22%
  3. PIMCO EMERGING MARKETS CORPORA PIMCO EMG MKTS CORP BND INST 20.31%
  4. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 3.03%
  5. LETRA TESOURO NACIONAL BILLS 07/24 0.00000 2.01%
  6. FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 0.76%
  7. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 0.64%
  8. FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 0.59%
  9. FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 0.57%
  10. VALE SA SUBORDINATED 12/49 VAR 0.30%

Asset Allocation

Weighting Return Low Return High PFSIX % Rank
Stocks
93.55% -0.01% 93.55% 0.33%
Bonds
5.37% 0.91% 99.54% 99.01%
Cash
3.03% 0.00% 21.93% 66.67%
Convertible Bonds
2.13% 0.00% 8.47% 14.00%
Other
0.35% -9.56% 88.17% 37.29%
Preferred Stocks
0.00% 0.00% 1.28% 32.34%

Stock Sector Breakdown

Weighting Return Low Return High PFSIX % Rank
Basic Materials
62.44% 0.00% 100.00% 27.40%
Energy
37.54% 0.00% 100.00% 30.14%
Consumer Cyclical
0.02% 0.00% 100.00% 24.66%
Utilities
0.00% 0.00% 11.41% 30.14%
Technology
0.00% 0.00% 30.64% 32.88%
Real Estate
0.00% 0.00% 2.39% 32.88%
Industrials
0.00% 0.00% 100.00% 47.95%
Healthcare
0.00% 0.00% 12.25% 32.88%
Financial Services
0.00% 0.00% 100.00% 35.62%
Communication Services
0.00% 0.00% 8.92% 32.88%
Consumer Defense
0.00% 0.00% 24.66% 42.47%

Stock Geographic Breakdown

Weighting Return Low Return High PFSIX % Rank
US
93.50% 0.00% 93.50% 0.33%
Non US
0.05% -0.01% 1.26% 8.25%

Bond Sector Breakdown

Weighting Return Low Return High PFSIX % Rank
Government
70.86% 0.00% 99.79% 40.33%
Corporate
7.21% 0.00% 93.26% 80.33%
Cash & Equivalents
3.03% 0.00% 23.23% 44.88%
Securitized
0.80% 0.00% 2.41% 6.33%
Derivative
0.08% -1.03% 7.35% 33.99%
Municipal
0.00% 0.00% 0.00% 29.00%

Bond Geographic Breakdown

Weighting Return Low Return High PFSIX % Rank
US
2.92% -42.31% 99.01% 85.15%
Non US
2.45% 0.00% 132.49% 75.25%

PFSIX - Expenses

Operational Fees

PFSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.01% 0.02% 35.56% 19.54%
Management Fee 0.94% 0.00% 1.10% 93.73%
12b-1 Fee N/A 0.00% 1.00% 1.15%
Administrative Fee 0.40% 0.02% 0.65% 83.81%

Sales Fees

PFSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PFSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

PFSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 218.00% 9.13%

PFSIX - Distributions

Dividend Yield Analysis

PFSIX Category Low Category High PFSIX % Rank
Dividend Yield 5.89% 0.00% 22.27% 37.29%

Dividend Distribution Analysis

PFSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly SemiAnnual

Net Income Ratio Analysis

PFSIX Category Low Category High PFSIX % Rank
Net Income Ratio 4.01% -2.28% 8.00% 54.05%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PFSIX - Fund Manager Analysis

Managers

Yacov Arnopolin


Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

Mr. Arnopolinis a managing director and portfolio manager in the New York office. He is co-chair of the emerging markets portfolio committee (EMPC). Prior to joining PIMCO in 2016, Mr. Arnopolin served as a managing director overseeing emerging market fixed income portfolios at Goldman Sachs Asset Management. Previously, he worked as a portfolio manager at Fortress Investment Group. Mr. Arnopolin started his career in the fixed income departments at Citigroup and Deutsche Bank, trading mortgages and emerging markets products. He has 22 years of investment experience and holds a bachelor's degree in economics from Carnegie Mellon University. He also serves on the Board of Trustees of the Cancer Research Institute.

Pramol Dhawan


Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

Mr. Dhawan is an executive vice president and portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2013, he was a managing director and head of emerging markets trading for Americas at Société Générale in New York. He was previously based in London where he headed the Central and Eastern Europe emerging markets team for the firm. Additionally, he was a management consultant at Accenture. He holds an undergraduate degree in computer science and management studies from the University of Nottingham.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.38 6.11