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Fixed Income SHares: Series TE
mutual fund
FXIEX
Payout Change
Pending
Price as of:
$10.01
+0.0
+0.0%
primary theme
Municipal Bond
share class
FXIEX (Mutual Fund)
Fixed Income SHares: Series TE
Payout Change
Pending
Price as of:
$10.01
+0.0
+0.0%
primary theme
Municipal Bond
share class
FXIEX (Mutual Fund)
Fixed Income SHares: Series TE
Payout Change
Pending
Price as of:
$10.01
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.5%
1 yr return
15.7%
3 Yr Avg Return
2.2%
5 Yr Avg Return
3.2%
Net Assets
$137 M
Holdings in Top 10
25.0%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FXIEX - Profile
Distributions
- YTD Total Return 7.5%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.50%
- Dividend Yield 5.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFixed Income SHares: Series TE
-
Fund Family NamePIMCOFUNDS
-
Inception DateJun 25, 2012
-
Shares OutstandingN/A
-
Share ClassT
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Hammer
Fund Description
The Portfolio seeks to achieve its objective by investing in municipal securities to generate income exempt from U.S. federal income tax. The Portfolio normally invests at least 80% of its net assets (plus borrowings made for investment purposes) in a portfolio of U.S. fixed income instruments comprised of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (i.e., excluded from gross income for federal income tax purposes but not necessarily exempt from the federal alternative minimum tax (“AMT”)) (the “80% Tax Exempt Policy”), including (but not limited to):■municipal debt securities issued by states and their agencies, authorities and other instrumentalities which are exempt from federal income tax;■municipal debt securities issued by local governments and their agencies, authorities and other instrumentalities which are exempt from federal income tax; and■tax-exempt structured notes, which may contain embedded derivatives.The Portfolio may invest without limit in bonds whose interest is a tax-preference item for purposes of the federal AMT.The Portfolio may invest in instruments of any maturity. The average portfolio duration of the Portfolio is expected to vary and may range anywhere from relatively short (e.g., less than two years) to relatively long (e.g., more than ten years) based on PIMCO’s forecast for interest rates.The Portfolio may invest without limit in U.S. dollar denominated securities. The Portfolio may invest without limit in U.S. Government securities, money market instruments and/or “private activity” bonds. Distributions derived from “private activity” bonds may be subject to the federal AMT. The Portfolio may invest more than 25% of its total assets in bonds of issuers in either California or New York, or both. To the extent that the Portfolio concentrates its investments in California or New York, it will be particularly subject to California or New York state-specific risks, as applicable.The Portfolio may invest up to 80% of its total assets in high yield securities (“junk bonds”) rated below Baa3 by Moody’s Investor Services (“Moody’s”), or equivalently rated by Standard & Poor’s (“S&P”) or Fitch Ratings, Inc. (“Fitch”) or, if unrated, determined by PIMCO to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security.Subject to the 80% Tax Exempt Policy noted above, the Portfolio may invest the remainder of its assets in fixed income securities that generate income that is not exempt from federal income tax (for example, Build America Bonds).The Portfolio may invest in derivative instruments, such as options, futures contracts or swap agreements, which may relate to fixed income securities, interest rates, currencies or currency exchange rates, commodities, real estate and other assets, and related indices. Although the Portfolio did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time. The Portfolio may lend its portfolio securities to brokers, dealers and other financial institutions to earn income. The Portfolio may also invest in securities issued by entities, such as trusts, whose underlying assets are municipal bonds, including, without limitation, inverse floating rate debt securities (“inverse floaters”). The Portfolio may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).The Portfolio will not change the 80% Tax Exempt Policy unless the Portfolio provides shareholders with the notice required by Rule 35d-1 under the Investment Company Act of 1940, as it may be amended or interpreted by the Securities and Exchange Commission (the “SEC”) from time to time (the “1940 Act”).
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FXIEX - Performance
Return Ranking - Trailing
| Period | FXIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -1.5% | 25.5% | 0.80% |
| 1 Yr | 15.7% | 2.1% | 38.6% | 3.72% |
| 3 Yr | 2.2%* | -9.9% | 3.5% | 0.74% |
| 5 Yr | 3.2%* | -6.5% | 1104.9% | 2.66% |
| 10 Yr | 2.2%* | -0.8% | 248.9% | 29.13% |
* Annualized
Return Ranking - Calendar
| Period | FXIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -1.4% | 41.0% | 5.52% |
| 2022 | -13.6% | -39.7% | 0.3% | 79.49% |
| 2021 | -0.5% | -5.6% | 6.9% | 48.91% |
| 2020 | 3.6% | -2.6% | 310.0% | 3.68% |
| 2019 | 4.5% | 0.0% | 26.0% | 25.84% |
Total Return Ranking - Trailing
| Period | FXIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -1.5% | 25.5% | 0.80% |
| 1 Yr | 15.7% | 2.1% | 38.6% | 3.72% |
| 3 Yr | 2.2%* | -9.9% | 3.5% | 0.74% |
| 5 Yr | 3.2%* | -6.5% | 1104.9% | 2.66% |
| 10 Yr | 2.2%* | -0.8% | 248.9% | 29.13% |
* Annualized
Total Return Ranking - Calendar
| Period | FXIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.2% | -1.3% | 41.0% | 0.80% |
| 2022 | -9.6% | -39.7% | 1.1% | 52.90% |
| 2021 | 3.1% | -4.8% | 23761504.0% | 15.69% |
| 2020 | 7.5% | -1.5% | 17057.9% | 3.06% |
| 2019 | 6.4% | 0.2% | 3514.6% | 54.82% |
NAV & Total Return History
FXIEX - Holdings
Concentration Analysis
| FXIEX | Category Low | Category High | FXIEX % Rank | |
|---|---|---|---|---|
| Net Assets | 137 M | 3.22 M | 71.9 B | 80.15% |
| Number of Holdings | 162 | 4 | 13418 | 69.74% |
| Net Assets in Top 10 | 31.7 M | -317 M | 3.45 B | 76.58% |
| Weighting of Top 10 | 24.96% | 1.9% | 100.1% | 22.51% |
Top 10 Holdings
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 8.11%
- ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/49 ADJUSTABLE VAR 2.21%
- PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0 2.04%
- NEW YORK CITY NY TRANSITIONAL NYCGEN 11/36 ADJUSTABLE VAR 1.97%
- HARRIS CNTY TX CULTURAL EDU FA HAREDU 10/41 ADJUSTABLE VAR 1.97%
- NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR 1.97%
- MINNESOTA ST HSG FIN AGY MNSHSG 01/55 FIXED 6.5 1.78%
- BLACK BELT ENERGY GAS DIST AL BBEUTL 10/54 ADJUSTABLE VAR 1.73%
- ILLINOIS ST ILS 12/26 FIXED 5 1.63%
- GAINESVILLE FL UTILITIES SYS R GAIUTL 10/42 ADJUSTABLE VAR 1.58%
Asset Allocation
| Weighting | Return Low | Return High | FXIEX % Rank | |
|---|---|---|---|---|
| Bonds | 94.53% | 0.00% | 150.86% | 92.18% |
| Cash | 8.11% | -50.86% | 43.45% | 3.19% |
| Other | 0.23% | -3.72% | 51.88% | 6.50% |
| Stocks | 0.00% | 0.00% | 99.89% | 16.98% |
| Preferred Stocks | 0.00% | 0.00% | 0.08% | 5.18% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 4.40% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FXIEX % Rank | |
|---|---|---|---|---|
| Municipal | 92.27% | 44.39% | 100.00% | 89.74% |
| Cash & Equivalents | 8.11% | 0.00% | 43.45% | 2.79% |
| Corporate | 0.23% | 0.00% | 9.41% | 8.59% |
| Derivative | 0.00% | -3.72% | 51.88% | 13.67% |
| Securitized | 0.00% | 0.00% | 5.93% | 6.26% |
| Government | 0.00% | 0.00% | 52.02% | 11.66% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FXIEX % Rank | |
|---|---|---|---|---|
| US | 94.53% | 0.00% | 142.23% | 90.51% |
| Non US | 0.00% | 0.00% | 23.89% | 9.09% |
FXIEX - Expenses
Operational Fees
| FXIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.06% | 0.01% | 8.02% | 99.67% |
| Management Fee | 0.00% | 0.00% | 1.20% | 0.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 0.21% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| FXIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| FXIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FXIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 0.00% | 283.00% | 57.85% |
FXIEX - Distributions
Dividend Yield Analysis
| FXIEX | Category Low | Category High | FXIEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.03% | 0.00% | 14.51% | 0.40% |
Dividend Distribution Analysis
| FXIEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FXIEX | Category Low | Category High | FXIEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.50% | -0.53% | 5.33% | 4.50% |
Capital Gain Distribution Analysis
| FXIEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 30, 2024 | $0.042 | OrdinaryDividend |
| Jul 31, 2024 | $0.039 | OrdinaryDividend |
| Apr 30, 2024 | $0.042 | OrdinaryDividend |
| Mar 28, 2024 | $0.041 | OrdinaryDividend |
| Feb 29, 2024 | $0.038 | OrdinaryDividend |
| Jan 31, 2024 | $0.039 | OrdinaryDividend |
| Dec 29, 2023 | $0.044 | OrdinaryDividend |
| Nov 30, 2023 | $0.040 | OrdinaryDividend |
| Oct 31, 2023 | $0.038 | OrdinaryDividend |
| Sep 29, 2023 | $0.039 | OrdinaryDividend |
| Aug 31, 2023 | $0.039 | OrdinaryDividend |
| Jul 31, 2023 | $0.036 | OrdinaryDividend |
| Jun 30, 2023 | $0.040 | OrdinaryDividend |
| May 31, 2023 | $0.037 | OrdinaryDividend |
| Apr 28, 2023 | $0.034 | OrdinaryDividend |
| Mar 31, 2023 | $0.040 | OrdinaryDividend |
| Feb 28, 2023 | $0.036 | OrdinaryDividend |
| Jan 31, 2023 | $0.034 | OrdinaryDividend |
| Dec 30, 2022 | $0.039 | OrdinaryDividend |
| Nov 30, 2022 | $0.036 | OrdinaryDividend |
| Oct 31, 2022 | $0.033 | OrdinaryDividend |
| Sep 30, 2022 | $0.037 | OrdinaryDividend |
| Aug 31, 2022 | $0.035 | OrdinaryDividend |
| Jul 29, 2022 | $0.034 | OrdinaryDividend |
| Jun 30, 2022 | $0.034 | OrdinaryDividend |
| May 31, 2022 | $0.034 | OrdinaryDividend |
| Apr 29, 2022 | $0.035 | OrdinaryDividend |
| Mar 31, 2022 | $0.031 | OrdinaryDividend |
| Feb 28, 2022 | $0.030 | OrdinaryDividend |
| Jan 31, 2022 | $0.028 | OrdinaryDividend |
| Dec 31, 2021 | $0.039 | OrdinaryDividend |
| Nov 30, 2021 | $0.031 | OrdinaryDividend |
| Oct 29, 2021 | $0.030 | OrdinaryDividend |
| Sep 30, 2021 | $0.030 | OrdinaryDividend |
| Aug 31, 2021 | $0.029 | OrdinaryDividend |
| Jun 30, 2021 | $0.030 | OrdinaryDividend |
| May 28, 2021 | $0.028 | OrdinaryDividend |
| Apr 30, 2021 | $0.033 | OrdinaryDividend |
| Mar 31, 2021 | $0.031 | OrdinaryDividend |
| Feb 26, 2021 | $0.031 | OrdinaryDividend |
| Jan 29, 2021 | $0.027 | OrdinaryDividend |
| Dec 31, 2020 | $0.033 | OrdinaryDividend |
| Nov 30, 2020 | $0.029 | OrdinaryDividend |
| Oct 30, 2020 | $0.030 | OrdinaryDividend |
| Sep 30, 2020 | $0.030 | OrdinaryDividend |
| Aug 31, 2020 | $0.028 | OrdinaryDividend |
| Jul 31, 2020 | $0.032 | OrdinaryDividend |
| Jun 30, 2020 | $0.031 | OrdinaryDividend |
| May 29, 2020 | $0.030 | OrdinaryDividend |
| Apr 30, 2020 | $0.030 | OrdinaryDividend |
| Mar 31, 2020 | $0.028 | OrdinaryDividend |
| Feb 28, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.032 | OrdinaryDividend |
| Dec 31, 2019 | $0.030 | OrdinaryDividend |
| Nov 29, 2019 | $0.032 | OrdinaryDividend |
| Oct 31, 2019 | $0.031 | OrdinaryDividend |
| Sep 30, 2019 | $0.029 | OrdinaryDividend |
| Aug 30, 2019 | $0.033 | OrdinaryDividend |
| Jul 31, 2019 | $0.030 | OrdinaryDividend |
FXIEX - Fund Manager Analysis
Managers
David Hammer
Start Date
Tenure
Tenure Rank
Aug 20, 2015
6.78
6.8%
Mr. Hammer is an executive vice president in the New York office and head of municipal bond portfolio management. He rejoined PIMCO in 2015 from Morgan Stanley, where he was managing director and head of municipal trading, risk management and research. Previously at PIMCO, he was a senior vice president and municipal bond portfolio manager, and prior to joining PIMCO in 2012, he was an executive director and head of the high yield and distressed municipal bond trading group at Morgan Stanley. He has 17 years of investment experience and holds an undergraduate degree from Syracuse University.
Rachel Betton
Start Date
Tenure
Tenure Rank
Jan 03, 2020
2.41
2.4%
Ms. Betton is a senior vice president and municipal bond portfolio manager in the New York office. Prior to joining PIMCO in 2013, she was a municipal high yield and distressed trader at Morgan Stanley. Additionally, she was a public finance banker, focusing on municipal asset-backed securitizations and revenue-backed credits in the Midwest. She has 11 years of investment and financial services experience and holds an undergraduate degree from Wesleyan University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.33 | 1.58 |
