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Morningstar

PIMCO Mortgage Opportunities and Bd A PMZAX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.31  /  0.26 %
  • Total Assets 8.4 Bil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.750%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.36%
  • Effective Duration 3.75 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PMZAX

Will PMZAX 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 PMZAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

A standout offering with a focused mandate.

Director Eric Jacobson

Eric Jacobson

Director

Summary

Pimco Mortgage Opportunities overcomes the modest limitations of a focused strategy in a cohort of more adventurous rivals, with some of the best management, analytical, and technological resources in the industry. Its share classes across both offshore and U.S.-based vehicles carry Morningstar Medalist Ratings of Gold for the cheapest among them, and Silver and Bronze for its pricier shares.

by Eric Jacobson
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PMZAX

More PMZAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2421
  • Other Holdings 114
  • % Assets in Top 10 Holdings 85.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

101.62
8,403,320,003
—

RFR USD SOFR/3.75000 12/20/23-5Y CME Receive

42.06
3,478,278,183
Government

3 Month SOFR Future Dec 23

33.26
2,750,150,406
Government

RFR USD SOFR/3.75000 06/21/23-2Y CME Pay

28.41
2,349,375,000
Government

RFR USD SOFR/2.00000 12/21/22-2Y CME Pay

22.55
1,864,400,000
Government

Federal National Mortgage Association 5%

19.78
1,635,918,421
Securitized

Federal National Mortgage Association 6.5%

18.90
1,562,770,352
Securitized

RFR USD SOFR/1.75000 06/15/22-10Y CME Pay

18.10
1,496,600,000
Government

Federal National Mortgage Association 5.5%

12.67
1,047,372,637
Securitized

RFRF USD SF+26.161/1.40 7/05/23-2Y* CME Pay

10.95
905,300,000
Government