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Name

As of 04/16/2024

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 Moderate Duration Fund

PMDRX | Fund

$9.01

$1.4 B

0.00%

0.49%

Vitals

YTD Return

-1.0%

1 yr return

2.1%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

1.2%

Net Assets

$1.4 B

Holdings in Top 10

38.1%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 63.00%

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 04/16/2024

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 Moderate Duration Fund

PMDRX | Fund

$9.01

$1.4 B

0.00%

0.49%

PMDRX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Moderate Duration Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Jun 02, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Mather

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by 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 average portfolio duration of this Fund normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the Bloomberg Intermediate Government/Credit Index, as calculated by Pacific Investment Management Company LLC (“PIMCO”), which as of May 31, 2023 was 3.84 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 invests primarily in investment grade debt securities, but may invest up to 10% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. 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 up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 15% 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, together with any other investments denominated in foreign currencies, up to 30% 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, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). 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. The Fund may also invest up to 10% of its total assets in preferred securities.
Read More

PMDRX - Performance

Return Ranking - Trailing

Period PMDRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -12.3% 2.8% 1.98%
1 Yr 2.1% -10.6% 10.6% 5.78%
3 Yr -1.6%* -10.9% 25.1% 3.15%
5 Yr 1.2%* -6.8% 190.6% 9.31%
10 Yr 1.6%* -2.5% 73.3% 20.07%

* Annualized

Return Ranking - Calendar

Period PMDRX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -16.2% 8.1% 73.41%
2022 -12.0% -34.7% 131.9% 4.17%
2021 -2.5% -11.6% 4.4% 17.83%
2020 2.6% -10.1% 946.1% 73.87%
2019 3.4% -1.7% 16.9% 89.92%

Total Return Ranking - Trailing

Period PMDRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -12.3% 2.8% 1.98%
1 Yr 2.1% -10.6% 10.6% 5.78%
3 Yr -1.6%* -10.9% 25.1% 3.15%
5 Yr 1.2%* -6.8% 190.6% 9.31%
10 Yr 1.6%* -2.5% 73.3% 20.07%

* Annualized

Total Return Ranking - Calendar

Period PMDRX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.0% 42.23%
2022 -8.6% -32.2% 131.9% 1.83%
2021 -1.1% -9.4% 9.2% 55.52%
2020 8.2% -1.9% 1009.0% 51.48%
2019 6.4% 1.1% 21668.0% 91.41%

NAV & Total Return History

PMDRX - Holdings

Concentration Analysis

PMDRX Category Low Category High PMDRX % Rank
Net Assets 1.4 B 2.9 M 314 B 50.54%
Number of Holdings 761 1 17889 48.18%
Net Assets in Top 10 518 M -106 M 36.5 B 42.77%
Weighting of Top 10 38.09% 4.4% 134.1% 20.77%

Top 10 Holdings

  1. BARCLAYS CAPITAL REPO REPO 16.93%
  2. US TREASURY N/B 08/42 3.375 5.13%
  3. GNMA II TBA 30 YR 4 JUMBOS 2.74%
  4. US TREASURY N/B 08/43 4.375 2.45%
  5. RBC CAPITAL MARKETS REPO REPO 2.20%
  6. GNMA II TBA 30 YR 3 JUMBOS 2.03%
  7. FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 1.79%
  8. PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND 1.63%
  9. US TREASURY N/B 05/42 3.25 1.60%
  10. LETRA TESOURO NACIONAL BILLS 07/24 0.00000 1.58%

Asset Allocation

Weighting Return Low Return High PMDRX % Rank
Bonds 		76.68% 0.00% 215.98% 92.44%
Other 		28.53% -13.23% 50.66% 3.05%
Convertible Bonds 		3.53% 0.00% 7.93% 5.74%
Cash 		1.64% -54.51% 79.52% 67.75%
Stocks 		0.00% 0.00% 99.93% 52.11%
Preferred Stocks 		0.00% 0.00% 74.68% 47.20%

Bond Sector Breakdown

Weighting Return Low Return High PMDRX % Rank
Government 		34.90% 0.00% 86.23% 28.81%
Corporate 		20.70% 0.00% 100.00% 83.56%
Securitized 		12.23% 0.00% 98.40% 90.79%
Cash & Equivalents 		1.64% 0.00% 76.23% 62.83%
Derivative 		0.57% -5.38% 50.66% 20.26%
Municipal 		0.03% 0.00% 100.00% 69.90%

Bond Geographic Breakdown

Weighting Return Low Return High PMDRX % Rank
US 		70.74% 0.00% 215.98% 92.82%
Non US 		5.94% 0.00% 39.04% 10.13%

PMDRX - Expenses

Operational Fees

PMDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.01% 39.10% 73.54%
Management Fee 0.46% 0.00% 1.76% 82.52%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.21% 0.01% 0.50% 85.82%

Sales Fees

PMDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PMDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PMDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 2.00% 493.39% 25.40%

PMDRX - Distributions

Dividend Yield Analysis

PMDRX Category Low Category High PMDRX % Rank
Dividend Yield 0.00% 0.00% 9.87% 22.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PMDRX Category Low Category High PMDRX % Rank
Net Income Ratio 1.58% -1.28% 4.79% 57.19%

Capital Gain Distribution Analysis

PMDRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PMDRX - Fund Manager Analysis

Managers

Scott Mather

Start Date

Tenure

Tenure Rank

Sep 26, 2014

7.68

7.7%

Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. He is a member of the Investment Committee and a generalist portfolio manager. Mr. Mather also oversees ESG portfolio integration in the U.S. Previously he was head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.

Michael Cudzil

Start Date

Tenure

Tenure Rank

Jul 20, 2018

3.87

3.9%

Mr. Cudzil is a managing director in the Newport Beach office, a senior member of the liability-driven investment portfolio management team and a generalist portfolio manager. He has served as chair of the Americas Portfolio Committee, as a rotating member on the PIMCO Investment Committee and as co-head of the agency MBS portfolio management team. Prior to joining PIMCO in 2012, he worked as a managing director and head of pass-through trading at Nomura. Mr. Cudzil previously held similar roles at Bank of America and Lehman Brothers, as well as a senior trading position at Salomon Brothers. He has 23 years of investment experience and holds a bachelor's degree in political science from the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

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