PIMCO Preferred and Capital Securities Fund Class A
PFANX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PIMCO Investments LLC distributor MA United States of America
- IPO Date
- Apr 13, 2015
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Preferred and Capital Securities Fund Class A (PFANX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks maximum total return, consistent with prudent investment management. The fund normally invests at least 80% of its assets in a diversified portfolio of preferred securities, including traditional preferred stocks, hybrid securities with both debt and equity characteristics, and convertible preferred securities; capital securities, such as hybrid capital securities that combine debt and equity features, subordinated debt securities qualifying as regulatory capital, mandatory convertible securities, and trust preferred securities; and other securities that PIMCO considers to have similar economic characteristics, potentially including derivatives such as swaps, options, futures, and forwards. It may also allocate to U.S. and non-U.S. bonds, stocks, cash equivalents, and other instruments for hedging or efficiency, with recent portfolio allocations including significant holdings in Pimco Capital Securities Fd (Cayman) Ltd, U.S. Treasury futures, and Euro Bobl futures, alongside diversification across financial services sectors and regions like the United States and United Kingdom. Launched on April 13, 2015, and domiciled in the United States, PFANX operates within the preferred stock category, targeting investors seeking income and total return from mid-credit quality and moderate interest-rate sensitive fixed-income-like securities, with a net expense ratio of 1.48%, a 3.75% front-end load, and availability to U.S. investors through platforms with minimum initial investments of $1,000 USD. PIMCO, the fund's investment manager headquartered in Newport Beach, California and founded in 1971 as a unit of Pacific Life Insurance Co. before its acquisition by Allianz SE in 2000, oversees the strategy with lead portfolio manager Philippe Bodereau since inception. The fund's total net assets stand at approximately $768 million USD, with the Class A share class comprising $97 million USD as of recent data. Among recent developments, PIMCO completed mergers of six municipal income funds on August 1, 2025, to streamline offerings and enhance operational efficiency, though PFANX was not directly involved; the firm also announced a new partnership with Aditum Investment Management in the United Arab Emirates on June 30, 2025, to distribute PIMCO Income strategies via locally registered feeder funds for wealth investors. In December 2025, PIMCO launched active ETFs GOVI and EUGO focused on government bonds and expanded its asset-based finance strategy, gathering $7 billion including $700 million for Aviation Income Partners II, reflecting broader strategic growth in fixed-income and alternatives. These initiatives underscore PIMCO's ongoing expansions in product innovation, partnerships, and global distribution while maintaining active management across its mutual fund lineup, including PFANX.