About PMDRX
The PIMCO Moderate Duration Fund Institutional Class is a mutual fund investing primarily in a diversified portfolio of fixed income securities, with at least 65% of total assets typically allocated across bonds of varying maturities. Its primary objective is to achieve maximum total return with a focus on capital preservation and prudent risk management. The fund targets an intermediate duration, generally maintaining its interest rate sensitivity to fall between 75% and 125% of the three-year average duration of a relevant benchmark, such as the Bloomberg Intermediate US Government/Credit Index.
This fund is designed for institutional investors, requiring a high minimum investment, and is part of the Intermediate Core-Plus Bond category, offering exposure to U.S. Treasury securities, agency bonds, mortgage-backed securities, and select corporate debt. Notably, the fund's average effective duration is around 3 to 3.8 years, offering moderate sensitivity to changes in interest rates. With a substantial asset base, it is managed by PIMCO, a leader in fixed income management, and is distinguished by its broad diversification, monthly dividend distributions, competitive expense ratio, and low risk profile. The fund plays a significant role for institutions and sophisticated investors seeking stable income and moderate risk within the bond market.
Fund Family PIMCO
Category Intermediate Core-Plus Bond
Performance Rating High
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol PMDRX
Share Class Institutional
Index Bloomberg Intermediate US Govt/Credit TR
PMDRX had a total return of 0.47% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.44%.
