PIMCO Credit Opportunities Bond Fund Class INSTL
PCARX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- PIMCO Investments LLC distributor MA United States of America
- IPO Date
- Sep 2, 2011
- CIK
- 0000867297
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Credit Opportunities Bond Fund Institutional Class (PCARX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 80% of its assets in a diversified portfolio of fixed income instruments of varying maturities, including bonds, debt securities, bank loans, and other similar instruments issued by U.S. and non-U.S. public- or private-sector entities; these may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It may invest in both investment-grade and high-yield (below investment grade) securities, with a maximum of 50% of total assets in securities rated below B- by Moody's or equivalently rated by S&P or Fitch (or unrated but determined by PIMCO to be of comparable quality); key portfolio sectors include government-related debt, corporate bonds, cash equivalents, swaps, and futures/forwards, with top holdings such as 3 Month SOFR Futures and CDX Investment Grade indices. Launched on August 31, 2011, and domiciled in the United States, the fund is available for sale in the U.S. with a minimum initial investment of $1 million for the institutional class, a net expense ratio of 1.05%, and total net assets of approximately $515.75 million. PIMCO, the fund's investment manager founded in 1971 and headquartered in Newport Beach, California, operates globally across fixed income and credit markets. Recent portfolio management changes include the appointment of Alfred Murata, Sonali Pier, and Jason Duko effective January 2, 2024, and Saurabh Sud effective November 14, 2025; additionally, PIMCO gathered $7 billion for a new asset-based finance strategy in December 2025, reflecting the firm's ongoing expansion in credit opportunities. The fund targets institutional investors seeking nontraditional bond exposure with mid credit quality and limited interest-rate sensitivity, categorized by Morningstar as Nontraditional Bond.