About PPCRX
PIMCO Credit Opportunities Bond Fund Class I-2 is an institutional share class of an open-end mutual fund focused on fixed income investments. Its primary goal is to achieve maximum total return while emphasizing the preservation of capital through prudent investment management. The fund invests at least 80% of its assets in a diversified portfolio of fixed income securities, spanning varying maturities and including both investment-grade and high-yield bonds, although no more than half of total assets may be in non-investment grade securities. Notable features include medium credit quality, limited interest rate sensitivity, and an effective duration of approximately two years, positioning it to manage changing interest rate environments effectively. The fund utilizes a wide array of fixed income instruments, including government securities, mortgage-backed securities, corporate credit, derivatives, and cash equivalents, resulting in broad sector exposure. Given its institutional nature, the fund maintains a relatively low expense ratio and a high minimum investment. As a part of the nontraditional bond category, this fund plays a significant role for investors seeking diversified credit exposure, income generation, and risk-balanced strategies within the broader fixed income market.
Fund Family PIMCO
Category Abs Return Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PPCRX
Share Class I-2
Index ICE BofA SOFR Overnight Rate TR USD
PPCRX had a total return of -3.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.14%.
