Morningstar

PIMCO Investment Grade Credit Bond Fund Class A PBDAX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 8.54  /  −0.23 %
  • Total Assets 12.6B
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.970%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.82%
  • Effective Duration 7.12 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis PBDAX

Will PBDAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBDAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PBDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The torch is passed on, but the team remains topnotch.

Analyst Jeana Doubell

Jeana Doubell

Analyst

Summary

Pimco's investment-grade credit strategy underwent a leadership transition in November 2025 but continues to benefit from its skilled cohort of experienced portfolio managers and the support of an impressive group of corporate-bond specialists. The strategy retains its High People and Above Average Process Pillar ratings.

by Jeana Doubell
Rated on Published on

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Portfolio Holdings PBDAX

More PBDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 50.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CDX IG46 5Y ICE

26.29 3B
Derivative

2 Year Treasury Note Future Sept 26

20.52 3B
Government

CDX IG45 5Y ICE

9.25 1B
Derivative

10 Year Treasury Note Future Sept 26

7.22 949M
Government

Federal National Mortgage Association 5%

5.73 754M
Securitized

Ultra US Treasury Bond Future Sept 26

5.53 727M
Government

3 Month SOFR Future Dec 26

4.78 628M
Government

3 Month SOFR Future Dec 27

4.40 578M
Government

EUROPEAN MONETARY UNION EURO Purchased

4.02 528M
Derivative

RFR USD SOFR/3.75000 12/18/24-5Y LCH Receive

3.87 509M
Government

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