PIMCO Preferred and Capital Securities Fund Class I-2 (PFPNX)
| Fund Assets | 830.85M |
| Expense Ratio | 1.23% |
| Min. Investment | $1,000,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 5.15% |
| Dividend Growth | 0.12% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 12, 2026 |
| Previous Close | 9.48 |
| YTD Return | -0.90% |
| 1-Year Return | 6.12% |
| 5-Year Return | 10.36% |
| 52-Week Low | 8.98 |
| 52-Week High | 9.91 |
| Beta (5Y) | n/a |
| Holdings | 361 |
| Inception Date | Apr 13, 2015 |
About PFPNX
PIMCO Preferred and Capital Securities Fund Class I-2 is an actively managed mutual fund focused on income-oriented credit markets. Its primary objective is to seek maximum total return, consistent with prudent risk management, by investing predominantly in preferred securities and other capital securities issued largely by financial institutions and related sectors. The portfolio typically allocates at least 80% of assets to these instruments, drawing on the structural features of preferreds—such as hybrid debt‑equity characteristics and priority in issuer capital structures—to pursue income and potential capital appreciation. Managed by PIMCO’s global credit team, the strategy may use derivatives for efficient exposure and risk management, and it maintains a diversified holding base across issuers and structures. The fund’s role in the market is to provide specialized access to the preferred and capital securities universe, offering investors a vehicle that targets cash flow generation with diversification benefits relative to traditional corporate bonds and equities. It is designed for institutions and sophisticated investors seeking dedicated exposure to this niche of the credit spectrum within a multi-asset or fixed income allocation.
Performance
PFPNX had a total return of 6.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.20%.
Top 10 Holdings
80.25% of assets| Name | Symbol | Weight |
|---|---|---|
| Pimco Capital Securities Fd (Cayman) Ltd | n/a | 16.45% |
| EUROPEAN MONETARY UNION EURO Purchased | n/a | 13.03% |
| 5 Year Treasury Note Future Mar 26 | n/a | 12.67% |
| Ultra 10 Year US Treasury Note Future Mar 26 | n/a | 7.65% |
| BRITISH POUND STERLING Purchased | n/a | 6.77% |
| Ultra US Treasury Bond Future Mar 26 | n/a | 6.29% |
| Pimco Fds | n/a | 5.20% |
| RFR GBP SONIO/3.75000 09/17/25-5Y LCH Receive | n/a | 4.67% |
| RFR USD SOFR/3.25000 03/19/25-10Y LCH Receive | n/a | 4.54% |
| Bank of America Corp. 5.875% | BAC.V5.875 PERP FF | 2.96% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 12, 2026 | $0.12444 | Mar 12, 2026 |
| Dec 26, 2025 | $0.12483 | Dec 26, 2025 |
| Sep 11, 2025 | $0.11865 | Sep 11, 2025 |
| Jun 12, 2025 | $0.11992 | Jun 12, 2025 |
| Mar 13, 2025 | $0.11951 | Mar 13, 2025 |
| Dec 26, 2024 | $0.13025 | Dec 26, 2024 |