- ISIN
- US72202M1062
- Issuer
- PIMCO
- Inception Date
- Feb 21, 2017
- Category
- Multisector Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PFLEX Performance Chart
PIMCO Flexible Credit Income Fund (PFLEX) is down 1.0% since the beginning of the year. PFLEX is currently trading at $7 per share. Investors who bought $1,000 worth of PFLEX shares 5 years ago would now be looking at an investment worth $1,199.
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Returns By Period
PIMCO Flexible Credit Income Fund (PFLEX) has returned -1.04% so far this year and 2.87% over the past 12 months.
PIMCO Flexible Credit Income Fund
- 1D
- 0.00%
- 1M
- 1.60%
- YTD
- -1.04%
- 6M
- -1.27%
- 1Y
- 2.87%
- 3Y*
- 8.77%
- 5Y*
- 3.70%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PFLEX Monthly Returns History
Based on dividend-adjusted daily data since Feb 23, 2017, PFLEX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jun 2020 with a return of +5.7%, while the worst month was Mar 2020 at -18.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PFLEX closed higher 38% of trading days. The best single day was Dec 31, 2021 with a return of +2.8%, while the worst single day was Mar 19, 2020 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.14% | -0.99% | -1.73% | 1.12% | 0.56% | 0.15% | -1.04% | ||||||
| 2025 | 1.45% | 1.05% | 0.24% | -0.57% | 0.71% | 1.65% | 1.27% | 0.42% | 1.36% | -0.14% | -0.00% | -0.37% | 7.28% |
| 2024 | 2.25% | 1.19% | 1.10% | -0.21% | 1.15% | 0.87% | 2.11% | 1.85% | 2.85% | -0.16% | 0.82% | -0.58% | 14.00% |
| 2023 | 2.89% | -0.80% | -0.14% | 1.03% | 0.38% | -0.33% | 1.06% | 0.23% | -0.36% | -1.29% | 4.13% | 2.99% | 10.05% |
| 2022 | -2.01% | -2.48% | 0.40% | -1.91% | -1.75% | -6.52% | 1.77% | -0.37% | -4.87% | -0.55% | 1.34% | 1.56% | -14.68% |
| 2021 | 0.97% | 1.07% | 1.61% | 1.17% | 0.84% | 2.73% | -0.00% | 0.31% | 1.64% | -1.24% | -1.57% | 3.87% | 11.87% |
Benchmark Metrics
PIMCO Flexible Credit Income Fund has an annualized alpha of 3.83%, beta of 0.10, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since February 23, 2017.
- This fund participated in 33.22% of S&P 500 Index downside but only 29.10% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.11 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 0.11 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
- 3.83%
- Beta
- 0.10
- R²
- 0.11
- Upside Capture
- 29.10%
- Downside Capture
- 33.22%
Expense Ratio
PFLEX has a high expense ratio of 2.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PFLEX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Flexible Credit Income Fund (PFLEX) 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.
| PFLEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.78 | -1.95 |
| Martin ratioReturn relative to average drawdown | 2.15 | 12.44 | -10.29 |
Dividends
Dividend History
PIMCO Flexible Credit Income Fund provided a 5.96% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.47 | $0.67 | $0.87 | $1.02 | $0.86 | $0.79 | $0.96 | $1.03 |
Dividend yield | 5.96% | 6.59% | 9.41% | 12.77% | 14.50% | 9.06% | 8.51% | 9.86% | 10.59% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Flexible Credit Income 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 | $0.00 | $0.00 | $0.06 | $0.06 | $0.06 | $0.00 | $0.17 | ||||||
| 2025 | $0.06 | $0.05 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.47 |
| 2024 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.67 |
| 2023 | $0.05 | $0.05 | $0.17 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.17 | $0.87 |
| 2022 | $0.00 | $0.00 | $0.18 | $0.06 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 | $0.60 | $1.02 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.30 | $0.86 |
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 Flexible Credit Income 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 Flexible Credit Income Fund was 24.60%, occurring on Mar 23, 2020. Recovery took 183 trading sessions.
The current PIMCO Flexible Credit Income Fund drawdown is 1.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.60%Mar 2020 | 28d | 8mo 26d | 9mo 24dFeb 2020 - Dec 2020 |
Bear market2022 | -18.06%Oct 2022 | 9mo 20d | 1y 8mo | 2y 5moJan 2022 - Jun 2024 |
Rate-hike selloffLate 2018 | -4.57%Dec 2018 | 2mo 18d | 2mo 18d | 5mo 6dOct 2018 - Mar 2019 |
2026 pullback2026 | -4.28%Mar 2026 | 4mo 28d | — | 7mo 27dOct 2025 - now |
2019 pullback2019 | -3.66%Sep 2019 | 1mo 27d | 3mo 11d | 5mo 8dJul 2019 - Dec 2019 |
Drawdown Indicators
| PFLEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.60% | -56.78% | +32.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -9.10% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -18.90% | +14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -25.43% | +7.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.68% | -1.80% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -10.71% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.03% | -0.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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