PIMCO Corporate & Income Opportunity Fund (PTY)

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PIMCO Corporate & Income Opportunity Fund (PTY) is down 3.7% since the beginning of the year. PTY is currently trading at $12 per share. Investors who bought $1,000 worth of PTY shares 5 years ago would now be looking at an investment worth $963.

PIMCO Corporate & Income Opportunity Fund (PTY) has returned -3.70% so far this year and -4.53% over the past 12 months. Over the last ten years, PTY has returned 8.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.

Based on dividend-adjusted daily data since Dec 26, 2002, PTY's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Dec 2008 with a return of +40.5%, while the worst month was Feb 2009 at -30.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PTY closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +25.0%, while the worst single day was Mar 18, 2020 at -20.7%.

PIMCO Corporate & Income Opportunity Fund has an annualized alpha of 6.77%, beta of 0.60, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since December 26, 2002.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.81%) than losses (76.91%) - typical of diversified or defensive assets.
• Beta of 0.60 may look defensive, but with R2 of 0.23 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 0.23 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.

PTY has a high expense ratio of 1.19%, indicating above-average management fees.

PTY ranks 2 for risk / return — in the bottom 2% 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.

PIMCO Corporate & Income Opportunity Fund provided a 12.15% dividend yield over the last twelve months, with an annual payout of $1.43 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for PIMCO Corporate & Income Opportunity Fund. 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 Corporate & Income Opportunity 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 Corporate & Income Opportunity Fund was 60.86%, occurring on Mar 9, 2009. Recovery took 108 trading sessions.

The current PIMCO Corporate & Income Opportunity Fund drawdown is 12.60%.

The chart below shows the rolling one-month volatility.