PIMCO Stocks PLUS Bond Alpha A

Frequently Asked Questions About PSPAX

What does PSPAX invest in?

The fund's primary goal is to achieve returns greater than those of the S&P 500 Index. It typically pursues this by strategically investing in financial instruments (derivatives) tied to the S&P 500 Index, which are then supported by a robust collection of income-generating assets. This backing portfolio consists of various debt instruments, such as bonds and other securities, issued by both governmental and private organizations within the U.S. and internationally. The fund has the flexibility to allocate up to 30% of its total capital to securities priced in currencies other than the U.S. dollar. Notably, it can invest an even larger share in U.S. dollar-denominated securities issued by foreign entities, as these are not constrained by the same 30% limit.

What is the expense ratio of PSPAX?

PIMCO Stocks PLUS Bond Alpha A (PSPAX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is PSPAX's dividend yield?

PSPAX's trailing-twelve-month yield is 26.13%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PSPAX?

Effective duration measures PSPAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PSPAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PSPAX?

PSPAX'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 PSPAX?

Yield to maturity (YTM) is the total return you'd earn from PSPAX if every bond in the portfolio is held to maturity at the current price. PSPAX'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.