About PCARX
PIMCO Credit Opportunities Bond Fund Institutional Class is a nontraditional bond mutual fund designed to deliver maximum total return while emphasizing capital preservation and prudent risk management. The strategy invests primarily in a diversified mix of fixed income instruments across sectors and maturities, with flexibility to adjust duration and credit exposure, including the ability to run very low or near‑zero interest‑rate sensitivity when warranted. Managed within PIMCO’s multi‑sector credit platform, the portfolio spans U.S. Treasuries, agency mortgage‑backed securities, corporate credit, derivatives, and currency exposures to balance income, liquidity, and downside mitigation. Key characteristics have included medium credit quality and limited interest‑rate sensitivity, with an effective duration around two years, aligning the fund with a defensive stance against rate volatility. The fund targets a diversified opportunity set in securitized credit and corporate bonds, supplemented by interest‑rate swaps and futures to fine‑tune macro exposures, aiming to provide a consistent role as a flexible core plus credit allocation within fixed income portfolios.
Fund Family PIMCO
Category Nontraditional Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PCARX
Share Class Institutional
Index ICE BofA SOFR Overnight Rate TR USD
PCARX had a total return of -2.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.24%.
