PIMCO Credit Opportunities Bond Fund Class A
PZCRX
NASDAQ- -
USD
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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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Sep 2, 2011
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Credit Opportunities Bond Fund Class A (PZCRX) 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 80% of its assets in a diversified 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 instruments include bonds, debt securities, and other similar instruments issued by U.S. and non-U.S. public- or private-sector entities, with an emphasis on credit and corporate markets across security selection, industry and sector allocation, and market risk management. Its portfolio typically features significant allocations to corporate bonds and notes (approximately 59%), U.S. government agencies, loan participations and assignments, asset-backed securities, non-agency mortgage-backed securities, short-term instruments, mutual funds, and sovereign issues, alongside derivatives like SOFR futures for interest rate exposure and credit default swaps. The fund operates within the nontraditional bond category, characterized by medium credit quality and limited interest-rate sensitivity, targeting investors seeking absolute return strategies. Launched on August 31, 2011, and domiciled in the United States, the fund is headquartered at PIMCO's principal office in Newport Beach, California. Class A shares (PZCRX) carry a net expense ratio of approximately 1.07%, a 3.75% front-end load, and a minimum initial investment of USD 1,000, with total net assets for the fund across share classes around USD 446-516 million as of late 2025. It offers daily pricing and is available for sale in the United States, with portfolio managers including Mark Kiesel (since inception), Alfred Murata, Sonali Pier, and Jason Duko (since January 2024), alongside recent addition of Saurabh Sud (November 2025 for related classes). Recent developments include portfolio management team expansions in January 2024 with the addition of Alfred Murata, Sonali Pier, and Jason Duko to enhance credit expertise amid evolving market conditions. In April 2024, PIMCO Funds issued a supplement announcing related operational adjustments across funds, including non-fundamental policy updates on currency hedging limits effective January 2024, though not directly altering PZCRX's core strategy. The fund maintained high portfolio turnover at 279% as of November 2025, reflecting active management in a rising rate environment, with no reported acquisitions, funding rounds, or name changes specific to this fund in the last 1-2 years. Morningstar noted a fee change and performance trends leading to rating adjustments for related I-2 shares in 2024, signaling ongoing strategic refinements.