# PIMCO Dynamic Income Fund (PDI): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pdi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Equity - Strategy: Thematic · Inception: 2012-05-25 The PIMCO Dynamic Income Fund (PDI) is a closed-end mutual fund specializing in fixed-income investments. It was inaugurated and is managed by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC also contributing to its oversight. The fund aims to capitalize on opportunities within a wide array of global fixed-income markets. Its diversified portfolio spans various fixed-income sectors, notably encompassing non-agency residential and commercial mortgage-backed securities, alongside lower-rated, below investment-grade debt instruments. The fund's prim... ## Key Facts | Metric | Value | |---|---| | Price | $14.31 | | Expense Ratio | 4.06% | | Assets Under Management | $6.82B | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 18.49% | | Annual Distribution (TTM) | $2.65 /share | | Distribution Frequency | Monthly | | 52-Week Range | $13.73 – $19.00 | | Beta | 0.59 | ## Latest Distribution - Amount: $0.2205 /share - Ex-date: 2026-10-13 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does PDI invest in? The PIMCO Dynamic Income Fund (PDI) is a closed-end mutual fund specializing in fixed-income investments. It was inaugurated and is managed by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC also contributing to its oversight. The fund aims to capitalize on opportunities within a wide array of global fixed-income markets. Its diversified portfolio spans various fixed-income sectors, notably encompassing non-agency residential and commercial mortgage-backed securities, alongside lower-rated, below investment-grade debt instruments. The fund's primary allocations are concentrated in mortgage-backed securities, corporate bonds across both investment-grade and high-yield categories, corporate debt from established and emerging nations, and sovereign bonds. This U.S.-domiciled fund commenced operations on May 30, 2012. ### What is the expense ratio of PDI? PIMCO Dynamic Income Fund (PDI) charges an expense ratio of 4.06%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PDI's dividend yield? PDI's trailing-twelve-month yield is 18.49%, calculated from the sum of dividends over the past year divided by the current price. ### How big is PDI? PIMCO Dynamic Income Fund (PDI) manages $6.82B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PDI actively managed or an index fund? PDI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PDI launched? PIMCO Dynamic Income Fund (PDI) launched in May 2012 and is managed by PIMCO. ### Does PDI pay a dividend? Yes, PIMCO Dynamic Income Fund (PDI) distributes dividends to shareholders. The trailing-twelve-month yield is 18.49%. Full dividend history is on this page. ### How often does PDI pay dividends? PIMCO Dynamic 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 PDI's next ex-dividend date? The most recently announced ex-dividend date for PDI 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. ### How much will PDI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.06% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PDI charge its expense ratio? The expense ratio is deducted in tiny daily slices from PDI'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. ### Why does PDI cost more than a fund like VOO? PDI's strategy (current expense ratio 4.06%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PDI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PDI? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PDI (4.06%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pdi - Distribution history: https://www.dividenddata.com/funds/pdi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pdi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pdi/expenses - Peer comparison: https://www.dividenddata.com/funds/pdi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.