PIMCO Income Fund
PIMIX
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10019 Newport Beach CA United States of America 92660
- IPO Date
- Mar 30, 2007
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Income Fund Institutional Class (PIMIX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks high current income, with long-term capital appreciation as a secondary objective. The Fund normally invests at least 65% of its assets in a diversified, multi-sector portfolio of fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements; these include high yield and investment grade corporate bonds issued by U.S. and non-U.S. entities (including emerging markets), fixed income securities issued by governments, agencies, and instrumentalities, mortgage-related and asset-backed securities, and other debt obligations. Top holdings typically feature U.S. agency mortgage-backed securities such as Federal National Mortgage Association bonds (e.g., 6% and 6.5% coupons), U.S. Treasury futures (e.g., 5-Year and 10-Year Note Futures), interest rate swaps, and cash equivalents, with significant allocations to government-related (87.68%), agency mortgage-backed (62.87%), and asset-backed (30.67%) sectors as of recent reports. Launched on March 30, 2007, and domiciled in the United States, PIMIX targets institutional investors with a minimum initial investment of $1,000,000 and features a net expense ratio of 0.54%, with total net assets exceeding $208 billion and share class size around $130 billion. PIMCO, the fund's investment manager founded in 1971 and headquartered in Newport Beach, California, operates globally with offices across the Americas, Europe, and Asia-Pacific, providing expertise in active fixed income management across public and private markets. The Fund exhibits moderate interest-rate sensitivity and mid-credit quality, fitting the Morningstar Multisector Bond category, with a portfolio turnover of approximately 711% and effective duration of about 4.09 years. In recent strategic developments, PIMCO has focused on enhancing portfolio liquidity and flexibility amid macroeconomic uncertainty, including tactical increases in duration exposure to around 4.9 years as of mid-2025 while favoring high-quality fixed income yields; the firm also completed a series of mergers in August 2025 reorganizing six municipal income funds (e.g., PIMCO Municipal Income Fund II into PIMCO Municipal Income Fund), approved by shareholders in June 2025, to streamline operations and improve efficiency across its closed-end fund lineup. These changes reflect PIMCO's ongoing emphasis on resilient income generation and global opportunity sets in a higher-for-longer rate environment, with no direct impact on PIMIX but underscoring broader firm-level portfolio adjustments and active management enhancements.