About PTCIX
The PIMCO Long-Term Credit Bond Fund Institutional Class is a mutual fund specializing in fixed income securities, with a focus on achieving total return while maintaining capital preservation and prudent investment management. The fund primarily invests in a diverse mix of investment grade debt securities, including government, corporate, and securitized bonds that span a range of maturities, with an effective duration typically nearing 12 years. Up to 20% of its assets may be allocated to high yield bonds rated B or higher, providing some exposure to higher-risk, higher-yield sectors.
The fund is managed by a seasoned team at PIMCO, employing an active strategy that can incorporate derivatives to manage interest rate and credit risks. Its portfolio is notable for significant holdings in U.S. Treasury bonds, securitized assets, and credit derivatives, reflecting a strategic approach to interest rate and credit exposure. As an institutional share class, it features a higher minimum investment requirement and is positioned for investors seeking long-term exposure to credit markets. With monthly income distributions and a yield that tends to exceed its peer group average, this fund plays an important role in providing diversified credit exposure and income generation within the broader fixed income market.
Fund Family PIMCO
Category Long-Term Bond
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PTCIX
Share Class Institutional
Index Bloomberg Long U.S. Credit TR
PTCIX had a total return of 11.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.11%.
