PIMCO Preferred and Capital Securities Fund Class A

Frequently Asked Questions About PFANX

What does PFANX invest in?

The PIMCO Preferred and Capital Securities Fund primarily deploys its capital, dedicating no less than 80% of its assets to a diverse array of preferred securities and regulatory capital instruments, referred to as Capital Securities. These Capital Securities are defined as financial instruments offered by both U.S. and international financial institutions to satisfy their mandated solvency requirements. Typically, at least a quarter of the fund's net holdings will specifically be invested in preferred securities. The fund also maintains the flexibility to allocate up to 20% of its total assets to ordinary shares and may additionally incorporate contingent convertible securities into its portfolio.

What is the expense ratio of PFANX?

PIMCO Preferred and Capital Securities Fund Class A (PFANX) charges an expense ratio of 1.48%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PFANX?

PIMCO Preferred and Capital Securities Fund Class A (PFANX) is one share class of a fund that manages $656.4M across all of its share classes (PFINX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PFANX actively managed or an index fund?

PFANX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PFANX's is 1.48%) in exchange for the discretion to over- or under-weight positions.

When was PFANX launched?

PIMCO Preferred and Capital Securities Fund Class A (PFANX) launched in April 2015 and is managed by PIMCO.

How has PFANX performed?

PFANX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.