Pimco Income’s standout recent and long-term returns could make you forget that lags its peers every once in a while. Just about everything went right in 2025, though, with outsize contributions from agency and nonagency mortgages and interest rate exposures, and lesser but steady contributions from corporates, emerging-market debt, and non-dollar currency exposures. Its US-domiciled institutional shares returned 11% in 2025, trouncing broad US market indexes and outpacing the median return among distinct multisector bond competitors by nearly 3 percentage points. Though the strategy has lagged on occasion, that’s almost always been during hot rallies rather than market selloffs. Its performance since CIO and comanager Dan Ivascyn started the fund in early 2007 was well into the multisector bond Morningstar Category’s best quartile as of March 31, 2026, as were its trailing returns across all the most commonly cited periods.
PIMCO Income Fund Class C PONCX
- NAV / 1-Day Return 10.78 / +0.19 %
- Total Assets 227.8B
-
Adj. Expense Ratio
1.650%
- Expense Ratio 1.650%
- Distribution Fee Level Below Average
- Share Class Type Level Load
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 4.68%
- Effective Duration 4.95 years
USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 12:26 AM GMT+0
Morningstar’s Analysis PONCX
Will PONCX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the PONCX 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 PONCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 70.8
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
10 Year Treasury Note Future June 26 | 16.26 | 37B | Government |
5 Year Treasury Note Future June 26 | 14.82 | 33B | Government |
Federal National Mortgage Association 6.5% | 10.21 | 23B | Securitized |
Federal National Mortgage Association 6% | 8.63 | 19B | Securitized |
EUROPEAN MONETARY UNION EURO Purchased | 6.26 | 14B | Derivative |
Long Gilt Future June 26 | 4.91 | 11B | Government |
IRS EUR 2.95000 10/27/22-6Y* LCH Receive | 4.90 | 11B | Government |
Federal National Mortgage Association 6% | 4.85 | 11B | Securitized |
RFR USD SOFR/3.75000 12/18/24-5Y LCH Receive | 4.27 | 10B | Government |
RFR GBP SONIO/3.50000 03/18/26-5Y LCH Receive | 4.19 | 9B | Government |
United States