- What does PFINX invest in?
- The fund endeavors to deliver the highest possible overall return, while consistently applying judicious investment practices. A substantial portion, specifically a minimum of 80% of its holdings, is committed to a varied assortment of preferred securities and Capital Securities. These "Capital Securities" are instruments issued by both domestic and international financial entities, designed to fulfill their mandated regulatory capital obligations. Typically, the fund maintains at least one-quarter of its net assets invested in preferred securities. An allocation of up to 20% of its total assets can be directed towards common equity, and the portfolio also has the discretion to include contingent convertible securities.
- What is the expense ratio of PFINX?
- PIMCO Preferred and Capital Securities Fund Class Institutional (PFINX) charges an expense ratio of 1.13%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PFINX?
- PIMCO Preferred and Capital Securities Fund Class Institutional (PFINX) manages $693.3M 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 PFINX actively managed or an index fund?
- PFINX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was PFINX launched?
- PIMCO Preferred and Capital Securities Fund Class Institutional (PFINX) launched in April 2015 and is managed by PIMCO.
- How has PFINX performed?
- PFINX'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.
