- Issuer
- PIMCO
- Inception Date
- Apr 30, 2008
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PFBPX Performance Chart
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) is down 0.6% since the beginning of the year. PFBPX is currently trading at $10 per share. Investors who bought $1,000 worth of PFBPX shares 5 years ago would now be looking at an investment worth $1,056.
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Returns By Period
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) has returned -0.63% so far this year and 1.21% over the past 12 months. Over the last ten years, PFBPX has returned 2.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2
- 1D
- 0.00%
- 1M
- -1.43%
- 6M
- -1.13%
- YTD
- -0.63%
- 1Y
- 1.21%
- 3Y*
- 4.83%
- 5Y*
- 1.09%
- 10Y*
- 2.44%
- ALL TIME*
- 4.03%
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%
PFBPX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2008, PFBPX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 68% of months were positive and 32% were negative. The best month was Dec 2023 with a return of +3.3%, while the worst month was Sep 2008 at -4.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PFBPX closed higher 43% of trading days. The best single day was Apr 8, 2026 with a return of +1.2%, while the worst single day was Dec 10, 2008 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | 0.99% | -3.04% | 0.53% | 1.16% | 0.83% | -1.53% | -0.63% | |||||
| 2025 | 0.56% | 0.32% | -0.63% | 0.97% | 0.07% | 0.98% | -0.04% | 0.47% | 0.45% | 1.23% | -0.12% | -0.07% | 4.23% |
| 2024 | -0.19% | 0.00% | 1.38% | -0.86% | 0.40% | 0.59% | 1.41% | 0.39% | 1.27% | -0.83% | 1.79% | 0.14% | 5.60% |
| 2023 | 2.24% | -0.87% | 1.46% | 0.31% | 0.03% | 0.32% | 0.34% | 0.26% | -0.85% | -0.17% | 2.72% | 3.33% | 9.39% |
| 2022 | -0.73% | -1.67% | -1.40% | -1.99% | -0.95% | -2.21% | 2.46% | -2.32% | -2.87% | 0.74% | 1.67% | -1.53% | -10.42% |
| 2021 | -0.06% | -1.42% | 0.12% | -0.04% | 0.12% | 0.02% | 1.04% | -0.26% | -0.91% | -0.64% | 0.66% | -0.39% | -1.76% |
Benchmark Metrics
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 has an annualized alpha of 4.15%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 30, 2008.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.62%) than losses (4.30%) - typical of diversified or defensive assets.
- Beta of -0.00 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.
- Alpha
- 4.15%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 14.62%
- Downside Capture
- 4.30%
Expense Ratio
PFBPX has an expense ratio of 0.67%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFBPX 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.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 (PFBPX) 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.
| PFBPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.00 | -1.55 |
| Martin ratioReturn relative to average drawdown | 1.25 | 8.49 | -7.25 |
Dividends
Dividend History
PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 provided a 3.62% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.41 | $0.48 | $0.29 | $0.33 | $0.16 | $0.26 | $0.72 | $0.30 | $0.15 | $0.13 | $0.89 |
Dividend yield | 3.62% | 4.13% | 4.82% | 2.91% | 3.55% | 1.45% | 2.35% | 6.76% | 2.80% | 1.36% | 1.28% | 9.01% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2. 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.19 | |||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2024 | $0.02 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.48 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.21 | $0.33 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
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 International Bond Fund (U.S. Dollar-Hedged) Class I-2. 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 International Bond Fund (U.S. Dollar-Hedged) Class I-2 was 16.52%, occurring on Dec 10, 2008. Recovery took 197 trading sessions.
The current PIMCO International Bond Fund (U.S. Dollar-Hedged) Class I-2 drawdown is 2.10%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-16.52%Dec 2008 | 7mo 2d | 9mo 17d | 1y 4moMay 2008 - Sep 2009 | Financial crisis2007–2009 |
-14.00%Oct 2022 | 1y 9mo | 1y 11mo | 3y 8moJan 2021 - Sep 2024 | Bear market2022 |
-7.33%Mar 2020 | 13d | 4mo 3d | 4mo 16dMar 2020 - Jul 2020 | COVID crash2020 |
-5.45%Jun 2013 | 1mo 22d | 8mo 13d | 10mo 5dMay 2013 - Mar 2014 | — |
-4.89%Jun 2015 | 2mo 22d | 9mo 15d | 1y 2dMar 2015 - Mar 2016 | — |
Drawdown Indicators
| PFBPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -56.78% | +40.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -9.10% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -18.90% | +14.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.80% | -25.43% | +11.63% |
Max Drawdown (10Y)Largest decline over 10 years | -14.00% | -33.92% | +19.92% |
Current DrawdownCurrent decline from peak | -2.10% | -1.58% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -10.70% | +8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.14% | -0.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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