PIMCO Preferred and Capital Securities Fund Class Institutional
PFINX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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 Institutional (PFINX) 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 and capital securities, including hybrid securities such as contingent convertible securities (CoCos), trust preferred securities, and subordinated debt issued primarily by financial institutions including banks and insurance companies; these investments offer equity-like features with fixed-income characteristics, lower interest rate sensitivity, and higher yield potential compared to traditional bonds. Holdings may also include derivatives like U.S. Treasury futures and Euro Schatz futures for hedging and exposure, alongside cash equivalents and non-U.S. bonds. Launched on April 13, 2015, and domiciled in the United States, the fund targets institutional investors with a minimum initial investment of $1 million and maintains total net assets of approximately $810 million, with the Institutional share class comprising about $476 million. PIMCO, the fund's investment manager founded in 1971 and headquartered at 650 Newport Center Drive in Newport Beach, California, oversees operations with additional key offices in New York, London, Singapore, Tokyo, and other global locations. The portfolio is led by Philippe Bodereau since inception, emphasizing medium credit quality and limited interest-rate sensitivity within the preferred stock category. Recent developments at PIMCO, the parent manager, include raising over $7 billion in December 2025 for its asset-based finance strategy, encompassing dedicated funds for insurance companies ($1.8 billion in private investment-grade loans) and an evergreen vehicle for high-net-worth individuals (Pimco Asset-Based Lending Co., targeting over $500 million by early 2026), expanding PIMCO's private assets to more than $20 billion by year-end. This fundraising reflects PIMCO's strategic shift toward asset-based lending in residential and consumer markets, attracting one-third new investors and enhancing capabilities in private credit alongside public funds like PFINX. No fund-specific acquisitions, name changes, or reorganizations for PFINX were reported in the last 1-2 years, with the fund maintaining its core preferred and capital securities focus amid stable performance metrics including a 1.02%-1.03% expense ratio and 4.97% TTM yield.