- What does PZCRX invest in?
- This fund commits a significant portion—at least 80%—of its capital to a broad selection of fixed-income securities that mature at different times. To gain exposure to these instruments, it also has the flexibility to use financial derivatives such as forwards, options, futures contracts, and swap agreements. The portfolio is designed to include both high-quality, investment-grade debt and riskier, high-yield bonds (often termed 'junk bonds'). However, there's a strict limit: no more than 50% of the fund's total assets can be invested in securities rated below B- by Moody's, or those holding an equivalent rating from S&P or Fitch. Should a security be unrated, PIMCO will determine if its credit quality is comparable to this threshold.
- What is the expense ratio of PZCRX?
- PIMCO Credit Opportunities Bond Fund Class A (PZCRX) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PZCRX's dividend yield?
- PZCRX's trailing-twelve-month yield is 4.26%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PZCRX?
- Effective duration measures PZCRX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PZCRX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PZCRX?
- PZCRX'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 PZCRX?
- Yield to maturity (YTM) is the total return you'd earn from PZCRX if every bond in the portfolio is held to maturity at the current price. PZCRX'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.
