Morningstar

PIMCO Low Duration II Fund Institutional Class PLDTX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.25  /  +0.22 %
  • Total Assets 268.4M
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.510%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.81%
  • Effective Duration 1.93 years

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PLDTX

Will PLDTX outperform in the 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 PLDTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PLDTX 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 PLDTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An appealing option for more-cautious investors.

Senior Principal Mara Dobrescu

Mara Dobrescu

Senior Principal

Summary

The strategy’s yearslong defensive posture has come at the cost of forgone total returns during risk-friendly markets, but Pimco Low Duration should offer investors a smoother ride over the long term. The strategy retains its People and Process ratings of High and Above Average, respectively.

by Mara Dobrescu
Rated on Published on

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Portfolio Holdings PLDTX

More PLDTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 112.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future June 26

90.53 249M
Government

U S TREASURY REPO

22.22 61M
Cash and Equivalents

U S TREASURY REPO

18.58 51M
Cash and Equivalents

5 Year Treasury Note Future June 26

17.03 47M
Government

Pimco Prv Short-Term Fltiv Nav(3346)

14.13 39M
Cash and Equivalents

Federal National Mortgage Association 5%

7.13 20M
Securitized

RFR USD SOFR/5.00000 07/10/25-1Y LCH Receive

6.91 19M
Government

Federal National Mortgage Association 6%

5.03 14M
Securitized

RFR USD SOFR/3.75000 09/02/25-7Y* LCH Receive

4.20 12M
Government

Pimco Fds

3.44 9M
Cash and Equivalents

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