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Trending ETFs

Name

As of 06/12/2024

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

$10.03

$314 M

5.01%

$0.50

0.76%

Vitals

YTD Return

0.8%

1 yr return

6.4%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

1.6%

Net Assets

$314 M

Holdings in Top 10

38.9%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 291.00%

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 06/12/2024

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

$10.03

$314 M

5.01%

$0.50

0.76%

PSAIX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.00%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Global Advantage Strategy Bond Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Feb 06, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Balls

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in Fixed Income Instruments that are economically tied to at least three countries (one of which may be the United States), 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.PIMCO selects the Fund’s foreign country and currency compositions based on an evaluation of various factors, including, but not limited to, relative interest rates, exchange rates, monetary and fiscal policies, and trade and current account balances. 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, without limitation, in securities and instruments that are economically tied to emerging market countries. The Fund may also invest up to 10% of its total assets in preferred securities. In addition, the Fund may invest in both investment-grade securities and high yield securities (“junk bonds”) subject to a maximum of 15% its total assets in securities rated below B by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings 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 average portfolio duration of this Fund varies based on PIMCO’s market forecasts and, under normal market conditions, is not expected to exceed eight 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 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.
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PSAIX - Performance

Return Ranking - Trailing

Period PSAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -59.5% 0.9% 27.18%
1 Yr 6.4% -15.5% 19.7% 14.42%
3 Yr -0.9%* -4.3% 4.2% 5.97%
5 Yr 1.6%* -2.5% 4.1% 2.66%
10 Yr 1.4%* -3.0% 2.7% 16.57%

* Annualized

Return Ranking - Calendar

Period PSAIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -15.2% 0.9% 11.50%
2022 -14.5% -10.9% 12.2% 56.70%
2021 -3.4% -10.8% 14.8% 18.75%
2020 5.3% -15.3% 0.6% 10.98%
2019 5.9% -44.4% 14.4% 44.17%

Total Return Ranking - Trailing

Period PSAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -59.5% 0.9% 23.79%
1 Yr 6.4% -16.6% 30.5% 12.32%
3 Yr -0.9%* -5.2% 10.9% 8.21%
5 Yr 1.6%* -2.8% 7.4% 5.15%
10 Yr 1.4%* -3.0% 3.6% 15.47%

* Annualized

Total Return Ranking - Calendar

Period PSAIX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -15.2% 0.9% 11.50%
2022 -10.1% -10.9% 12.2% 56.70%
2021 0.1% -10.8% 14.8% 18.75%
2020 8.0% -15.3% 3.8% 27.17%
2019 8.9% -44.4% 14.4% 55.83%

NAV & Total Return History


PSAIX - Holdings

Concentration Analysis

PSAIX Category Low Category High PSAIX % Rank
Net Assets 314 M 74.5 K 14.7 B 54.41%
Number of Holdings 1057 4 4562 19.91%
Net Assets in Top 10 124 M -112 M 3.66 B 95.73%
Weighting of Top 10 38.87% 4.7% 100.0% 21.15%

Top 10 Holdings

  1. FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 8.35%
  2. BUONI POLIENNALI DEL TES SR UNSECURED 144A REGS 09/24 2 6.51%
  3. FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 6.14%
  4. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 3.13%
  5. FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 3.11%
  6. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 3.07%
  7. FNMA POOL CB8258 FN 03/54 FIXED 6.5 3.03%
  8. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 2.05%
  9. TSY INFL IX N/B 01/29 2.5 1.79%
  10. SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/34 5 1.69%

Asset Allocation

Weighting Return Low Return High PSAIX % Rank
Bonds
114.17% 0.00% 220.33% 91.47%
Convertible Bonds
6.61% 0.00% 11.19% 3.32%
Cash
2.05% -130.07% 95.62% 8.06%
Other
1.93% -9.71% 100.00% 98.10%
Stocks
0.38% 0.00% 7.47% 18.48%
Preferred Stocks
0.00% 0.00% 2.87% 95.73%

Stock Sector Breakdown

Weighting Return Low Return High PSAIX % Rank
Financial Services
100.00% 0.00% 100.00% 22.58%
Utilities
0.00% 0.00% 91.33% 98.39%
Technology
0.00% 0.00% 21.64% 98.39%
Real Estate
0.00% 0.00% 3.17% 98.39%
Industrials
0.00% 0.00% 11.80% 100.00%
Healthcare
0.00% 0.00% 9.46% 98.39%
Energy
0.00% 0.00% 100.00% 98.39%
Communication Services
0.00% 0.00% 56.19% 98.39%
Consumer Defense
0.00% 0.00% 34.30% 98.39%
Consumer Cyclical
0.00% 0.00% 27.00% 98.39%
Basic Materials
0.00% 0.00% 100.00% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High PSAIX % Rank
US
0.38% 0.00% 6.55% 97.16%
Non US
0.00% 0.00% 1.77% 6.64%

Bond Sector Breakdown

Weighting Return Low Return High PSAIX % Rank
Government
35.20% 0.30% 99.47% 39.42%
Securitized
9.84% 0.00% 52.02% 27.88%
Corporate
5.92% 0.00% 98.62% 85.10%
Cash & Equivalents
2.05% 0.00% 95.62% 17.31%
Derivative
1.69% 0.00% 74.77% 29.81%
Municipal
0.03% 0.00% 7.95% 35.58%

Bond Geographic Breakdown

Weighting Return Low Return High PSAIX % Rank
US
81.07% -5.52% 107.53% 59.24%
Non US
33.10% 0.00% 112.80% 78.67%

PSAIX - Expenses

Operational Fees

PSAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.02% 3.65% 63.16%
Management Fee 0.65% 0.00% 2.08% 86.83%
12b-1 Fee N/A 0.00% 1.00% 8.04%
Administrative Fee 0.30% 0.01% 0.45% 90.77%

Sales Fees

PSAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PSAIX 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.

PSAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 291.00% 6.00% 354.00% 98.41%

PSAIX - Distributions

Dividend Yield Analysis

PSAIX Category Low Category High PSAIX % Rank
Dividend Yield 5.01% 0.00% 17.40% 96.68%

Dividend Distribution Analysis

PSAIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PSAIX Category Low Category High PSAIX % Rank
Net Income Ratio 3.00% -1.08% 5.77% 16.18%

Capital Gain Distribution Analysis

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

Distributions History

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PSAIX - Fund Manager Analysis

Managers

Andrew Balls


Start Date

Tenure

Tenure Rank

Oct 01, 2011

10.67

10.7%

Mr. Balls is PIMCO's CIO Global Fixed Income. Based in London, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times and a lecturer in economics at Keble College, Oxford. He holds a bachelor's degree from Oxford and a master's degree from Harvard University.

Sachin Gupta


Start Date

Tenure

Tenure Rank

Sep 26, 2014

7.68

7.7%

Mr. Gupta is a managing director in the Newport Beach office, global portfolio manager and head of the global desk. He is a member of the European Portfolio Committee and a rotating member of the Asia-Pacific Portfolio Committee, and has also served as a rotating member of the Investment Committee. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.

Pramol Dhawan


Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.75

4.8%

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
0.02 28.31 6.8 3.67