PIMCO Low Duration Fund
PTLDX
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
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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
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- May 11, 1987
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Low Duration Fund (PTLDX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 65% of its assets in a diversified portfolio of fixed income instruments, including investment-grade debt securities such as U.S. Treasury notes and futures, federal agency mortgage-backed securities like Federal National Mortgage Association bonds, corporate bonds, and sovereign bonds; it may allocate up to 10% in high-yield and emerging markets debt, with an average portfolio duration typically ranging from one to three years and current effective duration of 1.67 years. Available primarily to institutional investors with a minimum initial investment of $1 million, the fund features a net expense ratio of 0.48% to 0.50%, total net assets of approximately $5.82 billion to $6.4 billion, and a TTM yield of 4.16%. Managed by a team including lead portfolio manager Jerome Schneider (since 2014) and co-managers Daniel Hyman, Jelle Brons, and Marc Seidner (since 2022), the fund emphasizes high credit quality and limited interest-rate sensitivity within the short-term bond category. Its portfolio is heavily weighted toward U.S. bonds (137.44% including derivatives), non-U.S. bonds (15.46%), and cash equivalents, with top holdings such as 2-Year Treasury Note Futures (80.31%), 5-Year Treasury Note Futures (11.97%), and PIMCO Funds (11.31%). Launched on May 11, 1987, and domiciled in the United States, the fund operates globally through PIMCO's network of 24 offices, targeting income generation with lower interest rate and credit risk for institutional and qualified investors. PIMCO, headquartered in Newport Beach, California, oversees the fund as part of its $2.20 trillion assets under management as of September 30, 2025. In recent developments, PIMCO announced in September 2024 plans to merge three Canadian closed-end funds—PIMCO Tactical Income Fund, PIMCO Tactical Income Opportunities Fund, and PIMCO Multi-Sector Income Fund—into a new entity by year-end, aiming for economies of scale and enhanced liquidity, though this does not directly impact PTLDX. PIMCO has expanded its offerings with new active ETFs focused on global and European government bonds launched in December 2025, alongside a record €1.8 billion data center fund in Europe and a strategic partnership announced in 2025 with KKR for a 4.9% equity stake in Harley-Davidson Financial Services. These initiatives reflect PIMCO's broader strategic push into alternative assets, fixed income innovation, and partnerships amid evolving market dynamics.