- ISIN
- US69346N1072
- CUSIP
- 69346N107
- Issuer
- PIMCO
- Inception Date
- Feb 1, 2019
- Category
- Tactical Allocation
- Min. Investment
- $0
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
PDX Performance Chart
PIMCO Dynamic Income Strategy Fund (PDX) is up 19.0% since the beginning of the year. PDX is currently trading at $21 per share. Investors who bought $1,000 worth of PDX shares 5 years ago would now be looking at an investment worth $2,986.
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Returns By Period
PIMCO Dynamic Income Strategy Fund (PDX) has returned 19.01% so far this year and 9.12% over the past 12 months.
PIMCO Dynamic Income Strategy Fund
- 1D
- 1.04%
- 1M
- 2.79%
- 6M
- 10.11%
- YTD
- 19.01%
- 1Y
- 9.12%
- 3Y*
- 22.38%
- 5Y*
- 24.46%
- 10Y*
- —
- ALL TIME*
- 11.08%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 30, 2019, PDX's average daily return is +0.07%, while the average monthly return is +1.55%. At this rate, an investment would double in approximately 3.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +46.6%, while the worst month was Mar 2020 at -56.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PDX closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +32.1%, while the worst single day was Mar 12, 2020 at -32.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.08% | 0.86% | 9.93% | -2.65% | 2.14% | -3.26% | 3.23% | 19.01% | |||||
| 2025 | 0.48% | -3.00% | -2.05% | -9.79% | 6.38% | 6.60% | 1.23% | 0.02% | 1.52% | -10.06% | -1.68% | 0.72% | -10.59% |
| 2024 | -5.66% | 3.88% | 7.03% | 0.62% | -0.08% | 6.15% | 3.47% | -0.33% | 4.19% | -1.78% | 17.63% | -1.43% | 36.99% |
| 2023 | 4.89% | -1.98% | -3.56% | 1.37% | -4.46% | 13.07% | 6.28% | 2.21% | 17.33% | -4.19% | 6.63% | 2.21% | 44.51% |
| 2022 | 7.30% | 1.66% | 7.24% | -4.11% | 8.44% | -15.57% | 14.72% | 3.05% | -9.56% | 15.67% | 0.89% | -4.00% | 23.02% |
| 2021 | 7.43% | 15.67% | 4.76% | 3.19% | 10.49% | 7.35% | -8.08% | -0.44% | 8.29% | 7.13% | -0.38% | 0.17% | 68.79% |
Benchmark Metrics
PIMCO Dynamic Income Strategy Fund has an annualized alpha of 2.22%, beta of 0.95, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since January 30, 2019.
- This fund participated in 114.57% of S&P 500 Index downside but only 99.55% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.27 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.
- Alpha
- 2.22%
- Beta
- 0.95
- R²
- 0.27
- Upside Capture
- 99.55%
- Downside Capture
- 114.57%
Expense Ratio
PDX has a high expense ratio of 2.31%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PDX ranks 11 for risk / return — above 11% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for PIMCO Dynamic Income Strategy Fund (PDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.00 | -1.51 |
| Martin ratioReturn relative to average drawdown | 1.11 | 8.49 | -7.39 |
Dividends
Dividend History
PIMCO Dynamic Income Strategy Fund provided a 21.40% dividend yield over the last twelve months, with an annual payout of $4.57 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $4.57 | $4.57 | $1.65 | $0.88 | $0.88 | $0.68 | $1.14 | $1.58 |
Dividend yield | 21.40% | 24.34% | 6.31% | 4.30% | 5.89% | 5.28% | 14.11% | 9.58% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Dynamic Income Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.93 | |||||
| 2025 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $3.10 | $4.57 |
| 2024 | $0.00 | $0.00 | $0.26 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.48 | $1.65 |
| 2023 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.88 |
| 2022 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.88 |
| 2021 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.68 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Dynamic Income Strategy Fund. 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 Dynamic Income Strategy Fund was 80.63%, occurring on Mar 18, 2020. Recovery took 561 trading sessions.
The current PIMCO Dynamic Income Strategy Fund drawdown is 13.56%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-80.63%Mar 2020 | 1y 18d | 2y 2mo | 3y 3moMar 2019 - Jun 2022 | COVID crash2020 |
-37.24%Apr 2025 | 2mo 19d | — | 1y 6moJan 2025 - now | 2025 selloff2025 |
-21.81%Jun 2022 | 14d | 4mo 7d | 4mo 21dJun 2022 - Oct 2022 | Bear market2022 |
-12.89%Mar 2023 | 1mo 2d | 3mo | 4mo 2dFeb 2023 - Jun 2023 | — |
-9.29%Dec 2024 | 17d | 5d | 22dDec 2024 - Dec 2024 | — |
Drawdown Indicators
| PDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.63% | -56.78% | -23.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -9.10% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -37.24% | -18.90% | -18.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.24% | -25.43% | -11.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.56% | -1.58% | -11.98% |
Average DrawdownAverage peak-to-trough decline | -18.75% | -10.70% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 2.14% | +4.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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