PIMCO Short-Term Fund
PIMCO Funds · Series S000009703 · 7 share classes
data updated 2026-08-10
Fund profile
This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Bonds | 89.88% |
| Securitized | 42.31% |
| Cash & short-term | 0.71% |
| Derivatives | 0.33% |
These positions come to 133.24% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES GOVT, UMBS PASS THRU POOLS ×3, BRAZIL GOVT, JABIL INC, FANNIE MAE REMICS 2026-25, GLENCORE FUNDING LLC
Largest exited: UNITED STATES GOVT ×5, UMBS PASS THRU POOLS ×2, The BOEING CO
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — |
Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 45.0% |
| Fixed rate | 28.6% |
| Zero-coupon or unclassified | 26.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 45.3% |
| 1-3y | 21.8% |
| 3-5y | 3.3% |
| 5-10y | 4.9% |
| 10y+ | 24.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
Interest-rate moves barely touch this fund — but its credit exposure is real: a 100bp widening in credit spreads costs roughly 2.0%. Duration alone would have told you none of that.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 75% |
| Interest rates | 25% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.15 yr |
| High yield | +0.03 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.47 yr | 43% |
| 1 yr | 0.57 yr | 52% |
| 5 yr | 0.06 yr | 6% |
10 yr and 30 yr are NEGATIVE (-0.32 yr, -0.06 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
| 3 mo | 1.21 yr | 56% |
| 1 yr | 0.66 yr | 30% |
| 5 yr | 0.31 yr | 14% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.47 | +1.20 | +0.01 | $1.25m | $9.5k |
| 1 yr | +0.57 | +0.65 | +0.01 | $679.0k | $6.6k |
| 5 yr | +0.06 | +0.29 | +0.01 | $306.1k | $11.8k |
| 10 yr | -0.32 | +0.00 | +0.00 | $1.7k | $286 |
| 30 yr | -0.06 | +0.00 | +0.00 | $0 | $1 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 0.72 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | UNITED STATES GOVT0.00% · due 2026-07-02 | 18.06% | $1.88B | — |
| — | UNITED STATES GOVT0.00% · due 2026-10-01 | 8.95% | $929.74M | — |
| — | PIMCO FUNDS | 4.59% | $477.00M | — |
| — | UMBS PASS THRU POOLS5.50% · due 2056-05-13 | 2.07% | $215.41M | — |
| — | UMBS PASS THRU POOLS5.50% · due 2056-06-11 | 1.77% | $184.42M | — |
| — | BRAZIL GOVT0.00% · due 2026-10-01 | 1.23% | $127.78M | — |
| — | HCA INC4.50% · due 2027-02-15 | 1.03% | $107.38M | — |
| — | FANNIE MAE REMICS 2025-184.56% floating · due 2054-09-25 | 1.02% | $106.21M | — |
| — | FREDDIE MAC REMICS 55134.60% floating · due 2054-11-25 | 1.01% | $104.67M | — |
| — | ATHENE GLOBAL FUNDING4.85% floating · due 2027-03-25 | 0.95% | $98.47M | — |
Top 10 positions are 40.69% of net assets, top 25 51.03%, across 859 issuers.
See more of this fund's book
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