# PIMCO Access Income Fund (PAXS): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/paxs for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Bond - Strategy: Actively Managed · Inception: 2022-01-27 The PIMCO Access Income Fund (PAXS) is a closed-end mutual fund specializing in fixed-income investments, actively managed by Pacific Investment Management Company LLC. This fund focuses on global fixed income markets, building a portfolio primarily from a diverse range of debt instruments. These include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign obligations, as well as taxable municipal bonds. The fund also allocates capital to various floating-rate, income-generating securities across different maturities. To identify these investments, PI... ## Key Facts | Metric | Value | |---|---| | Price | $12.83 | | Expense Ratio | — | | Assets Under Management | $605.0M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 13.97% | | Annual Distribution (TTM) | $1.79 /share | | Distribution Frequency | Monthly | | 52-Week Range | $12.79 – $16.16 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.1494 /share - Ex-date: 2026-10-13 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does PAXS invest in? The PIMCO Access Income Fund (PAXS) is a closed-end mutual fund specializing in fixed-income investments, actively managed by Pacific Investment Management Company LLC. This fund focuses on global fixed income markets, building a portfolio primarily from a diverse range of debt instruments. These include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign obligations, as well as taxable municipal bonds. The fund also allocates capital to various floating-rate, income-generating securities across different maturities. To identify these investments, PIMCO employs a robust security selection methodology that integrates both bottom-up and top-down fundamental analysis. The PIMCO Access Income Fund is legally established in the United States. ### What is the expense ratio of PAXS? An expense ratio for PIMCO Access Income Fund (PAXS) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### What is PAXS's dividend yield? PAXS's trailing-twelve-month yield is 13.97%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PAXS? Effective duration measures PAXS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PAXS's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PAXS? PAXS's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PAXS? Yield to maturity (YTM) is the total return you'd earn from PAXS if every bond in the portfolio is held to maturity at the current price. PAXS's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PAXS pay a dividend? Yes, PIMCO Access Income Fund (PAXS) distributes dividends to shareholders. The trailing-twelve-month yield is 13.97%. Full dividend history is on this page. ### How often does PAXS pay dividends? PIMCO Access Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PAXS's next ex-dividend date? The most recently announced ex-dividend date for PAXS was 2026-10-13. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is PAXS's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for PIMCO Access Income Fund (PAXS). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does PAXS charge its expense ratio? The expense ratio is deducted in tiny daily slices from PAXS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/paxs - Distribution history: https://www.dividenddata.com/funds/paxs/dividend - Holdings & diversification: https://www.dividenddata.com/funds/paxs/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/paxs/expenses - Peer comparison: https://www.dividenddata.com/funds/paxs/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.