PIMCO Investment Grade Credit Bond Fund Class C (PBDCX)

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PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) is down 1.4% since the beginning of the year. PBDCX is currently trading at $9 per share. Investors who bought $1,000 worth of PBDCX shares 5 years ago would now be looking at an investment worth $938.

PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) has returned -1.42% so far this year and 1.07% over the past 12 months. Over the last ten years, PBDCX has returned 1.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jul 29, 2004, PBDCX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Dec 2008 with a return of +7.1%, while the worst month was Mar 2020 at -9.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PBDCX closed higher 47% of trading days. The best single day was Mar 18, 2009 with a return of +2.2%, while the worst single day was Mar 18, 2020 at -4.4%.

PIMCO Investment Grade Credit Bond Fund Class C has an annualized alpha of 4.07%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 29, 2004.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.15%) than losses (18.74%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PBDCX has a high expense ratio of 2.19%, indicating above-average management fees.

PBDCX ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

PIMCO Investment Grade Credit Bond Fund Class C provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for PIMCO Investment Grade Credit Bond Fund Class C. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PIMCO Investment Grade Credit Bond Fund Class C. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PIMCO Investment Grade Credit Bond Fund Class C was 23.73%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current PIMCO Investment Grade Credit Bond Fund Class C drawdown is 6.62%.

The chart below shows the rolling one-month volatility.