PIMCO Income Fund
PONAX
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 - Income
- Address
- New York NY 10019 New York NY United States of America 10019
- IPO Date
- Apr 2, 2007
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Income Fund (Class A; PONAX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks to maximize current income, with long-term capital appreciation as a secondary objective. The fund invests at least 65% of its total assets in a 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; up to 50% of its assets may be allocated to high yield securities ("junk bonds") rated below investment grade by Moody's, S&P, or Fitch, or unrated securities deemed comparable by PIMCO. Key portfolio sectors include U.S. agency mortgage-backed securities, government-related bonds, asset-backed securities, futures/forwards, and cash equivalents, with top holdings typically comprising Treasury note futures, Federal National Mortgage Association securities, and other PIMCO funds; the fund maintains significant exposure to U.S. bonds (over 124% including leverage), non-U.S. bonds, and uses derivatives for hedging and efficiency. It is available to U.S. investors with a minimum initial investment of USD 1,000, a front-end load of 3.75%, and a net expense ratio of 0.94%. Launched on March 30, 2007, and domiciled in the United States, the fund operates within the multisector bond category and is primarily distributed through financial intermediaries in the U.S. market. PIMCO, the fund's investment manager founded in 1971 and headquartered in Newport Beach, California, provides global fixed income expertise across public and private markets from offices in 11 countries, including the U.S., Europe, Asia, and Latin America. The fund is managed by a team led by Daniel J. Ivascyn (since inception), Alfred Murata (since 2013), and Joshua Anderson (since 2018), with total net assets exceeding USD 208 billion across share classes and the Class A share class sized at approximately USD 14.91 billion. In recent strategic adjustments as of late 2025, the fund's managers have slightly increased interest rate exposure amid an evolving rate market while remaining cautious on longer-maturity bonds; they trimmed corporate credit holdings as spreads tightened but maintained an overweight to U.S. agency mortgages due to elevated spreads versus investment-grade corporates. Positioning has shifted toward higher-quality fixed income opportunities globally, with reduced exposure to emerging markets and floating-rate credit (favoring senior structures), alongside increased liquidity for tactical flexibility amid U.S. policy uncertainty under the second Trump administration. PIMCO continues to leverage its scale for advantageous covenant protections in corporate deals, anticipating heightened M&A activity in 2025, with no major acquisitions, partnerships, funding rounds, or reorganizations reported for the fund itself in the past 1-2 years.