PIMCO Credit Absolute Return Fund Institutional (PCARX)

10.10
Net Asset Value
-0.10%
1 Day
-0.39%
Year-to-Date
Overall Morningstar Rating
Long-short credit
Style or Category
No Load
Sales Expenses
0.91%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks maximum total return- consistent with preservation of capital and prudent investment management. The fund 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. It may invest in both investment grade and high yield securities ("junk bonds") subject to a maximum of 50% of its total assets in securities rated below B- by Moody's- or equivalently rated by S&P or Fitch- or- if unrated- determined by PIMCO to be of comparable quality.

Performance

1 month+0.50% 3 years+3.59%
3 months-0.30% 5 years+2.80%
1 year+4.38% Since inception+3.73%
Data through --

Peer Comparisonvs. Long-short credit

 PCARXCategory
Performance 5-yr return+2.80%+1.60%
Expense ratio0.91%1.54%
Risk 5 year sharpe ratio0.800.52
Net assets$448.8M$433.3M
Average market cap$12.2B$19.8B
Average P/E17.18.5
Portfolio turnover146%146%

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Fund Management and Purchase Info

Fund familyPIMCO
Fund manager & tenureMark Kiesel / 6 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income62.41%
Cash34.79%
Other3.35%
U.S. stock0.62%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 19.03%
-- 17.65%
-- 14.51%
-- 13.66%
-- 9.88%
-- 7.76%
-- 6.72%
-- 4.34%
-- 3.20%
-- 2.49%