PIMCO Dynamic Income Fund
PIMCO Dynamic Income Fund
Fund classification
Classified from what the fund holds · as of 2026 Q2
PIMCO Dynamic Income Fund is an actively managed global bond closed-end fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Closed-end fund
- Credit quality
- High yield
- Rate sensitivity
- Intermediate duration
- Features
- Fund of funds
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 Q2
| Securitized | 54.91% |
| Bonds | 36.37% |
| Loans | 35.36% |
| Stocks | 9.20% |
| Derivatives | 0.38% |
| Cash & short-term | -36.56% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 2026-06-30
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 | 64.6% |
| Fixed rate | 29.2% |
| Zero-coupon or unclassified | 6.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 4.7% |
| 1-3y | 15.2% |
| 3-5y | 20.7% |
| 5-10y | 22.2% |
| 10y+ | 37.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
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 | 55% |
| Interest rates | 45% |
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.
| High yield | +4.53 yr |
| Investment grade | +0.41 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 1 yr | 0.26 yr | 6% |
| 5 yr | 3.52 yr | 85% |
| 10 yr | 0.12 yr | 3% |
| 30 yr | 0.25 yr | 6% |
3 mo is NEGATIVE (-0.14 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.06 yr | 1% |
| 1 yr | 0.87 yr | 18% |
| 5 yr | 1.88 yr | 38% |
| 10 yr | 1.11 yr | 22% |
| 30 yr | 1.02 yr | 21% |
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 | -0.14 | +0.01 | +0.05 | $6.3k | $40.3k |
| 1 yr | +0.26 | +0.08 | +0.79 | $62.5k | $590.8k |
| 5 yr | +3.52 | +0.19 | +1.69 | $141.7k | $1.27m |
| 10 yr | +0.12 | +0.11 | +1.01 | $80.1k | $755.3k |
| 30 yr | +0.25 | +0.02 | +1.00 | $16.4k | $749.7k |
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 4.02 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 | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | PIMCO PRV SHORT TERM FLT III | 11.28% | — | $847.28M | — |
| — | MUSTANG EXPRESS SERIES A PFD U | 2.87% | $1,023.06 | $215.93M | 211.1K |
| — | Promotora de Informaciones SA7.42% floating · due 2029-06-29 | 2.34% | — | $176.02M | — |
| — | RD MICHIGAN PROP OWNER I7.50% · due 2045-03-30 | 2.34% | — | $175.93M | — |
| — | US Renal Care Inc8.76% floating · due 2028-06-28 | 2.33% | — | $174.82M | — |
| — | Freddie Mac - SLST6.08% floating · due 2060-09-25 | 2.25% | — | $168.72M | — |
| — | Peraton Corp0.09% floating · due 2028-02-01 | 2.21% | — | $166.35M | — |
| — | Nigeria OMO Bill | 2.10% | — | $157.46M | — |
| — | Altice France SA6.58% floating · due 2028-04-30 | 1.73% | — | $129.61M | — |
| — | Comexposium0.00% · due 2031-03-28 | 1.71% | — | $128.74M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 31.15% of net assets, top 25 48.53%, across 580 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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