PIMCO Investment Grade Credit Bond Fund (PIGIX)
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 80% of its assets in a diversified portfolio of investment grade fixed income securities of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers.
Fund Info
| ISIN | US7220058165 |
|---|---|
| Issuer | PIMCO |
| Inception Date | Apr 28, 2000 |
| Category | Corporate Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
PIGIX has a high expense ratio of 0.51%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PIGIX vs. GOVT, PIGIX vs. TLT, PIGIX vs. BNDX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIMCO Investment Grade Credit Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PIMCO Investment Grade Credit Bond Fund had a return of 0.06% year-to-date (YTD) and 5.08% in the last 12 months. Over the past 10 years, PIMCO Investment Grade Credit Bond Fund had an annualized return of 2.68%, while the S&P 500 had an annualized return of 10.97%, indicating that PIMCO Investment Grade Credit Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.06% | 11.29% |
| 1 month | 2.46% | 4.87% |
| 6 months | 6.63% | 17.88% |
| 1 year | 5.08% | 29.16% |
| 5 years (annualized) | 0.87% | 13.20% |
| 10 years (annualized) | 2.68% | 10.97% |
Monthly Returns
The table below presents the monthly returns of PIGIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.22% | -1.21% | 1.13% | -2.43% | 0.06% | ||||||||
| 2023 | 4.32% | -2.47% | 2.03% | 0.75% | -1.24% | 0.24% | 0.43% | -0.67% | -2.74% | -2.01% | 5.69% | 4.15% | 8.37% |
| 2022 | -2.80% | -2.32% | -3.06% | -4.79% | 0.09% | -3.38% | 3.35% | -2.52% | -4.48% | -1.32% | 4.85% | -0.59% | -16.10% |
| 2021 | -1.08% | -1.71% | -1.55% | 1.34% | 0.54% | 1.49% | 1.31% | 0.09% | -1.34% | -0.42% | 0.11% | 0.28% | -1.01% |
| 2020 | 2.54% | 0.67% | -8.96% | 4.55% | 1.89% | 1.94% | 2.95% | -0.54% | -0.36% | -0.52% | 2.99% | 0.77% | 7.50% |
| 2019 | 2.46% | 0.64% | 2.33% | 0.64% | 1.34% | 2.14% | 0.52% | 2.88% | -0.43% | 0.88% | 0.16% | 0.34% | 14.74% |
| 2018 | -0.75% | -1.23% | 0.53% | -0.87% | -0.17% | -0.25% | 0.82% | 0.37% | -0.29% | -1.16% | -0.13% | 1.14% | -2.01% |
| 2017 | 0.68% | 1.28% | 0.44% | 1.17% | 1.09% | 0.43% | 0.76% | 1.06% | -0.07% | 0.30% | -0.06% | 0.63% | 7.97% |
| 2016 | 0.52% | 0.34% | 2.46% | 1.32% | 0.42% | 2.18% | 1.75% | 0.31% | 0.24% | -0.65% | -2.93% | 0.95% | 7.01% |
| 2015 | 3.15% | -0.54% | 0.48% | -0.33% | -0.24% | -1.64% | 1.32% | -1.19% | -0.62% | 1.33% | -0.42% | -0.90% | 0.30% |
| 2014 | 1.79% | 1.15% | 0.12% | 1.09% | 1.77% | 0.52% | -0.15% | 1.73% | -1.27% | 1.37% | 1.22% | -0.88% | 8.75% |
| 2013 | -0.02% | 0.88% | 0.34% | 2.13% | -2.59% | -3.78% | 0.47% | -0.95% | 1.34% | 1.52% | -0.21% | -0.70% | -1.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PIGIX is 16, indicating that it is in the bottom 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PIGIX (PIMCO Investment Grade Credit Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund (PIGIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIMCO Investment Grade Credit Bond Fund granted a 4.08% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.34 | $0.35 | $0.48 | $0.43 | $0.43 | $0.42 | $0.47 | $0.40 | $0.66 | $0.57 | $0.70 |
Dividend yield | 4.08% | 3.82% | 4.07% | 4.51% | 3.79% | 3.93% | 4.20% | 4.47% | 3.92% | 6.70% | 5.45% | 6.80% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Investment Grade Credit Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.35 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.14 | $0.48 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.43 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.05 | $0.42 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.47 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.29 | $0.66 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.20 | $0.57 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 | $0.70 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Investment Grade Credit Bond 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 Investment Grade Credit Bond Fund was 22.30%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current PIMCO Investment Grade Credit Bond Fund drawdown is 10.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.3% | Sep 15, 2021 | 280 | Oct 24, 2022 | — | — | — |
| -16.36% | Mar 9, 2020 | 9 | Mar 19, 2020 | 93 | Jul 31, 2020 | 102 |
| -11.59% | May 12, 2008 | 106 | Oct 10, 2008 | 61 | Jan 8, 2009 | 167 |
| -8.11% | May 3, 2013 | 87 | Sep 5, 2013 | 182 | May 28, 2014 | 269 |
| -7.66% | Jun 16, 2003 | 42 | Aug 14, 2003 | 102 | Jan 9, 2004 | 144 |
Volatility
Volatility Chart
The current PIMCO Investment Grade Credit Bond Fund volatility is 1.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.