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Morningstar

PIMCO Investment Grade Credit Bond Instl PIGIX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 8.44  /  0.22 %
  • Total Assets 12.6 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 1.040%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.20%
  • Effective Duration 6.62 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 1:54 AM GMT+0

Morningstar’s Analysis PIGIX

Will PIGIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PIGIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PIGIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PIGIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still a standout despite a recent slump.

Associate Director Brian Moriarty

Brian Moriarty

Associate Director

Summary

Pimco Investment Grade Credit Bond benefits from the skill of its veteran lead manager, the support of an impressive group of corporate bond specialists, and a versatile process that draws on the firm's robust macroeconomic and fundamental research. Its cheapest share classes earn Morningstar Analyst Ratings of Silver, while the more expensive shares earn a mix of Bronze and Neutral ratings.

by Brian Moriarty
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PIGIX

More PIGIX Holdings
  • Current Portfolio Date
  • Equity Holdings 15
  • Bond Holdings 1751
  • Other Holdings 269
  • % Assets in Top 10 Holdings 18.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CDX IG40 5Y ICE

6.82
844,548,818
Derivative

CDX ITRAXX MAIN39 5Y ICE

5.64
698,303,554
Derivative

RFR USD SOFR/1.75000 06/15/22-2Y CME Pay

5.14
636,800,000
Government

Federal National Mortgage Association 4%

2.83
350,513,206
Securitized

Pimco Fds

2.71
335,225,063
Cash and Equivalents

United States Treasury Bonds 2%

2.35
291,466,194
Government

United States Treasury Bonds 1.875%

1.96
242,306,497
Government

United States Treasury Notes 1.375%

1.90
235,061,673
Government

United States Treasury Bonds 1.875%

1.81
223,752,329
Government

United States Treasury Notes 3.875%

1.79
221,590,580
Government