PIMCO StockPlus Long Duration Fd Insti Clas
PSLDX
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
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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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Sep 4, 2007
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO StocksPLUS Long Duration Fund Institutional Class (PSLDX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks total return exceeding that of the S&P 500 Index and a secondary blended benchmark, consistent with prudent investment management. The fund normally invests substantially all of its assets in derivatives linked to the S&P 500 Index, including futures, swaps and other similar instruments, backed by a diversified portfolio of long-term fixed income instruments such as U.S. Treasury bonds, agency mortgage-backed securities, corporate bonds, government securities and swaps; it maintains high sensitivity to interest rate fluctuations with an effective duration of approximately 14 years and average maturity exceeding 20 years. Top holdings typically include E-mini S&P 500 futures, Treasury note futures, SOFR-based swaps, S&P 500 total return swaps and long-dated U.S. Treasury bonds, with asset allocation reflecting approximately 98% U.S. stocks exposure via derivatives, over 100% U.S. bonds, modest non-U.S. bonds and negative cash positions from leverage. Launched on August 31, 2007, PSLDX is domiciled in the United States and available primarily to institutional investors with a minimum initial investment of $1 million; 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, serving institutional and advisor clients through active fixed income and multi-asset strategies. The fund's net expense ratio stands at 3.65%, reflecting its leveraged, derivative-heavy approach within the Morningstar Multi-Asset Leveraged category, with total net assets of approximately $586 million concentrated in U.S.-focused large-cap blend equity replication and intermediate-to-long duration fixed income. In recent developments, PIMCO significantly reduced PSLDX's expense ratio from 1.01% to 0.59% in August 2021 to enhance competitiveness, though it subsequently adjusted to current levels; the firm executed multiple fund mergers in 2025, including reorganizations of municipal income funds such as PIMCO Municipal Income Fund into PIMCO Municipal Income Fund II completed on August 1, 2025, aimed at streamlining offerings and improving scale. PIMCO also formed a strategic partnership with Harley-Davidson and KKR in July 2025 for a $1.25 billion asset-based finance transaction, and supported Clearwater Analytics' acquisition of Beacon in August 2025, in which PIMCO held a minority stake since 2018, to advance risk analytics capabilities. These initiatives underscore PIMCO's focus on operational efficiency, private credit expansion and client value enhancement amid evolving market dynamics.