PIMCO Flexible Credit Income Fund
PFLEX
NASDAQ- -
USD
- -
- -
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
FRC
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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
- Address
- 1633 Broadway New York NY United States of America 10019
- IPO Date
- Feb 22, 2017
- CIK
- 0001688554
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Flexible Credit Income Fund (PFLEX) is an interval closed-end fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks to provide current income and risk-adjusted total return through a dynamic, diversified portfolio of credit investments across global fixed income markets. The fund employs a flexible asset allocation strategy primarily investing in corporate credit, including high yield bonds, leveraged loans, and special situations; residential and commercial mortgage-related securities; specialty finance assets; asset-based lending; emerging market debt; and opportunistic credit sectors such as consumer, municipal bonds, and distressed opportunities, with allocations adjusted based on valuations, market dislocations, and fundamentals to capitalize on securities trading at discounts to par while maintaining diversification across issuers, sectors, and structures. As an institutional share class, PFLEX targets large investors, institutions, and high-net-worth individuals, offering periodic liquidity through quarterly repurchase offers of 5% to 25% of outstanding shares at net asset value, positioning it as a core or satellite holding in multi-asset or income-oriented portfolios with access to specialized structured credit less available in traditional mutual funds. Launched in 2016, the fund operates with its principal business office at 1633 Broadway, New York, New York 10019, under the oversight of PIMCO, a leading global fixed income investment manager headquartered in Newport Beach, California. Geographically, PFLEX invests across global credit markets, including U.S. households-linked assets, commercial real estate such as hotels and hospitality, and international emerging markets, serving sophisticated investors seeking enhanced yield and total return potential in higher-rate environments. In recent periods, the fund has strategically shifted portfolio allocations to emphasize structured credit opportunities, increasing exposure to seasoned residential mortgages with low loan-to-value ratios and commercial mortgage-backed securities (CMBS) in resilient sectors like hospitality amid interest rate volatility and work-from-home trends, while adopting a defensive stance in corporate credit focused on asset-based and special situations that contributed significantly to fourth-quarter gains in 2023. PIMCO continues to leverage its research, risk management, and active selection processes to navigate 2024-2025 credit market dynamics, including anticipated policy loosening, persistent inflation risks, and attractive spreads in structured products relative to generic leveraged credit, with ongoing emphasis on high starting yields, bank retrenchment, and capital appreciation prospects. No major acquisitions, funding rounds, or structural changes specific to PFLEX have been reported in the last 1-2 years, underscoring its consistent operation within PIMCO's interval fund platform.