PIMCO Low Duration Income Fund Class A
PFIAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- PIMCO Investments LLC distributor MA United States of America
- IPO Date
- Mar 7, 2005
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Low Duration Income Fund Class A (PFIAX) is an open-end mutual fund that seeks to maximize current income, with long-term capital appreciation as a secondary objective. The fund achieves its investment objective by investing, under normal circumstances, at least 65% of its total assets in a multi-sector portfolio of fixed income securities 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 U.S. and non-U.S. public- or private-sector entities, with allocations across sectors such as high yield and investment-grade corporate bonds, U.S. and non-U.S. government securities (including emerging markets), agency mortgage-backed securities, asset-backed securities, cash equivalents, and futures/forwards. Its portfolio features significant concentrations in holdings like PIMCO Funds cash equivalents, Federal National Mortgage Association securities (e.g., 6%, 6.5%, 5.5%, 4%), U.S. Treasury note futures, and interest rate swaps, with diversification including approximately 73% U.S. bonds, 20% non-U.S. bonds, and exposure to sectors like agency mortgage-backed (60%), government related (59%), and asset-backed (22%). Launched on July 30, 2004, and managed by PIMCO, a subsidiary of Allianz SE founded in 1971 and headquartered at 650 Newport Center Drive in Newport Beach, California, the fund operates primarily in the United States short-term bond category, with total net assets of approximately $15.52 billion and a share class size of $3.23 billion as of recent data. PIMCO, as the fund's sponsor, completed several municipal closed-end fund mergers in August 2025, including consolidations of PIMCO Municipal Income Fund II into PIMCO Municipal Income Fund, PIMCO New York Municipal Income Fund II into PIMCO New York Municipal Income Fund, and PIMCO California Municipal Income Fund into PIMCO California Municipal Income Fund III, aimed at streamlining operations, enhancing efficiency, and improving liquidity across its fixed income offerings. The fund maintains a front-end load of 2.25%, a net expense ratio of 0.93%, a minimum initial investment of $1,000, and daily pricing, with portfolio managers including Daniel Ivascyn (since 2016), Alfred Murata (since 2016), and Joshua Anderson (since 2022).