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Morningstar

PIMCO GNMA and Government Secs I-2 PPGNX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.08  /  −0.42 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 1.440%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.90%
  • Effective Duration 5.41 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PPGNX

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

  • People Pillar

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

This offering remains a solid option despite a challenging stretch.

Director Eric Jacobson

Eric Jacobson

Director

Summary

Pimco GNMA and Government Securities’ skilled team employs a disciplined, risk-conscious approach. its cheapest share classes earn a Morningstar Medalist Rating of Gold, and more-expensive ones earn Silver or Neutral ratings.

by Eric Jacobson
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PPGNX

More PPGNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 68.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

3 Month SOFR Future Mar 24

59.50 818.6 Mil
Government

Federal National Mortgage Association 6.5%

23.22 319.4 Mil
Securitized

RFR USD SOFR/4.25000 12/20/23-2Y CME Pay

21.51 295.9 Mil
Government

Federal National Mortgage Association 5%

17.81 245.0 Mil
Securitized

10 Year Treasury Note Future Mar 24

14.81 203.8 Mil
Government

Government National Mortgage Association 2%

13.88 191.0 Mil
Securitized

Government National Mortgage Association 3%

13.06 179.6 Mil
Securitized

Cash Offset

12.52 172.2 Mil
—

Government National Mortgage Association 4%

11.52 158.5 Mil
Securitized

Federal Home Loan Mortgage Corp. 6%

10.34 142.3 Mil
Securitized