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Trending ETFs

Name

As of 07/11/2024

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

$8.30

$438 M

3.09%

$0.26

0.33%

Vitals

YTD Return

1.6%

1 yr return

4.2%

3 Yr Avg Return

1.0%

5 Yr Avg Return

1.5%

Net Assets

$438 M

Holdings in Top 10

18.9%

52 WEEK LOW AND HIGH

$8.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 51.00%

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 07/11/2024

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

$8.30

$438 M

3.09%

$0.26

0.33%

PSDIX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Short Duration Municipal Income Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Oct 21, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Hammer

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (“Municipal Bonds”). Municipal Bonds generally are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.The Fund may invest up to 20% of its assets in “private activity” bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax (“AMT”). For shareholders subject to the AMT, distributions derived from “private activity” bonds must be included in their AMT calculations, and as such a portion of the Fund’s distribution may be subject to federal income tax. The Fund may invest more than 25% of its total assets in bonds of issuers in California and New York. To the extent that the Fund concentrates its investments in California or New York, it will be subject to California or New York State-Specific Risk. The Fund may also invest 25% or more of its total assets in Municipal Bonds that finance education, health care, housing, transportation, utilities and other similar projects, and 25% or more of its total assets in industrial development bonds. The average portfolio duration of this Fund varies based on PIMCO’s market forecasts and under normal market conditions is not expected to exceed three 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 portfolio manager focuses on bonds with the potential to offer attractive current income, typically looking for bonds that can provide consistently attractive current yields or that are trading at competitive market prices.The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities. 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 also invest in securities issued by entities, such as trusts, whose underlying assets are Municipal Bonds, including, without limitation, residual interest bonds. 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 Fund may also invest up to 10% of its total assets in preferred securities.
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PSDIX - Performance

Return Ranking - Trailing

Period PSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -3.2% 21.6% 23.02%
1 Yr 4.2% -1.4% 33.5% 55.89%
3 Yr 1.0%* -11.5% 3.0% 3.70%
5 Yr 1.5%* -6.7% 1102.2% 8.87%
10 Yr 1.5%* -0.6% 248.5% 65.73%

* Annualized

Return Ranking - Calendar

Period PSDIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -1.4% 41.0% 88.46%
2022 -3.9% -39.7% 0.3% 4.76%
2021 -0.7% -5.6% 6.9% 59.68%
2020 1.4% -2.6% 310.0% 63.95%
2019 1.6% 0.0% 26.0% 94.48%

Total Return Ranking - Trailing

Period PSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -3.2% 21.6% 23.02%
1 Yr 4.2% -1.4% 33.5% 55.89%
3 Yr 1.0%* -11.5% 3.0% 3.70%
5 Yr 1.5%* -6.7% 1102.2% 8.87%
10 Yr 1.5%* -0.6% 248.5% 65.73%

* Annualized

Total Return Ranking - Calendar

Period PSDIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -1.3% 41.0% 69.75%
2022 -2.1% -39.7% 1.1% 3.44%
2021 0.3% -4.8% 23761504.0% 79.31%
2020 3.0% -1.5% 17057.9% 73.27%
2019 3.6% 0.2% 3514.6% 90.01%

NAV & Total Return History


PSDIX - Holdings

Concentration Analysis

PSDIX Category Low Category High PSDIX % Rank
Net Assets 438 M 3.22 M 71.9 B 50.03%
Number of Holdings 194 2 13203 59.04%
Net Assets in Top 10 82 M -317 M 3.56 B 49.09%
Weighting of Top 10 18.90% 1.4% 100.2% 46.71%

Top 10 Holdings

  1. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 5.41%
  2. ILLINOIS ST ILS 05/30 FIXED OID 5.5 1.96%
  3. ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/49 ADJUSTABLE VAR 1.92%
  4. NEW YORK NY NYC 04/42 ADJUSTABLE VAR 1.92%
  5. NEW JERSEY ST TURNPIKE AUTH TU NJSTRN 01/28 FIXED 5 1.43%
  6. MASSACHUSETTS ST SPL OBLG DEDI MASGEN 01/34 FIXED 5.5 1.37%
  7. WAYNE CNTY MI ARPT AUTH REVENU WAYAPT 12/28 FIXED 5 1.36%
  8. KANSAS ST DEPT OF TRANSPRTN HI KSSTRN 09/24 FLOATING VAR 1.19%
  9. ILLINOIS ST FIN AUTH REVENUE S ILSPOL 10/53 ADJUSTABLE VAR 1.17%
  10. NEW JERSEY ST ECON DEV AUTH RE NJSDEV 09/24 FIXED 5.25 1.16%

Asset Allocation

Weighting Return Low Return High PSDIX % Rank
Bonds
94.62% 0.00% 150.86% 90.58%
Cash
5.41% -50.86% 46.80% 6.89%
Other
0.15% -3.18% 33.35% 8.32%
Stocks
0.00% 0.00% 100.23% 73.03%
Preferred Stocks
0.00% 0.00% 0.56% 69.12%
Convertible Bonds
0.00% 0.00% 0.93% 68.99%

Bond Sector Breakdown

Weighting Return Low Return High PSDIX % Rank
Municipal
88.22% 44.39% 100.00% 96.02%
Cash & Equivalents
5.41% 0.00% 46.24% 5.20%
Derivative
0.00% -3.18% 19.67% 64.50%
Securitized
0.00% 0.00% 5.93% 69.71%
Corporate
0.00% 0.00% 9.41% 73.96%
Government
0.00% 0.00% 52.02% 72.32%

Bond Geographic Breakdown

Weighting Return Low Return High PSDIX % Rank
US
94.62% 0.00% 142.23% 88.95%
Non US
0.00% 0.00% 23.89% 71.46%

PSDIX - Expenses

Operational Fees

PSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.33% 0.01% 20.65% 93.62%
Management Fee 0.33% 0.00% 1.20% 20.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 80.24%

Sales Fees

PSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

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

PSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 283.00% 92.72%

PSDIX - Distributions

Dividend Yield Analysis

PSDIX Category Low Category High PSDIX % Rank
Dividend Yield 3.09% 0.00% 14.51% 28.33%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PSDIX Category Low Category High PSDIX % Rank
Net Income Ratio 1.02% -0.53% 5.33% 85.99%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PSDIX - Fund Manager Analysis

Managers

David Hammer


Start Date

Tenure

Tenure Rank

Aug 20, 2015

6.78

6.8%

Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.

Rachel Betton


Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.37 1.58