PIMCO Funds Short Term Fund Institutional Shares
PTSHX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Oct 7, 1987
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Funds: Short Term Fund Institutional Shares (PTSHX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks maximum current income consistent with the preservation of capital and daily liquidity by investing primarily in a diversified portfolio of short-term fixed income instruments. The fund invests in investment grade debt securities, including U.S. Treasury notes, bonds, futures and inflation-protected securities; U.S. agencies, FDIC-guaranteed and government-guaranteed corporate securities, and supranationals; corporate bonds; agency mortgage-backed securities; asset-backed securities; and short-term instruments such as cash equivalents, with significant allocations to derivatives including interest rate swaps, futures on Treasury notes, and SOFR futures for hedging and yield enhancement. It maintains a portfolio with medium credit quality and limited interest rate sensitivity, targeting an effective duration of less than one year, and features a net expense ratio of 0.49%, minimum initial investment of $1 million, and monthly dividend distributions. PIMCO, founded in 1971 and headquartered in Newport Beach, California, serves as the investment manager for PTSHX, which was launched on October 7, 1987, and operates within the ultrashort bond category with total net assets exceeding $10 billion as of late 2025. The fund is available for sale in the United States, with portfolio management led by Jerome Schneider since 2011 alongside co-managers Nathan Chiaverini and Andrew Wittkop since 2019, emphasizing active strategies across public fixed income markets. Its asset allocation includes approximately 43% U.S. bonds, 40% non-U.S. bonds, and 18% cash, with top sectors comprising government-related securities (75%), cash equivalents (61%), and corporate bonds (45%). Recent portfolio adjustments as of mid-2025 reflect active management amid market conditions, including new positions in Uniform Mortgage-Backed Security TBA, Trillium Credit Card Trust Series 2023-3A, Bayer US Finance II LLC, Master Credit Card Trust II 23-2A, and Extended Stay America Trust, alongside top holdings such as 5-Year Treasury Note Futures and SOFR futures. At the parent company level, PIMCO has pursued strategic expansions, including a major financing partnership with Meta Platforms and Blue Owl Capital in August 2025 for a $29 billion data center project where PIMCO leads $26 billion in debt issuance; a June 2025 partnership with Aditum Investment Management in the UAE to launch feeder funds providing access to PIMCO's Income strategies for regional wealth investors; the December 2025 launch of two new active fixed income UCITS ETFs expanding its European offerings to 11 funds; and a $2 billion capital raise in October 2024 for its asset-based private lending strategy. These initiatives underscore PIMCO's broadened focus on private credit, alternatives, and global distribution while maintaining PTSHX's core ultrashort bond mandate.