PDCRX — PIMCO Credit Opportunities Bond Fund
Data updated: 2026-08-31
PDCRX — PIMCO Credit Opportunities Bond Fund. Long Total / Aggregate Bond · $476.82M AUM · 1.31% expense ratio. Holdings, fees, performance and SEC filings.
PDCRX Fund Overview
PDCRX — PIMCO Credit Opportunities Bond Fund is a US mutual fund managed by PIMCO Funds, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: PIMCO Funds
- Category: Long Total / Aggregate Bond
- Assets under management: $476.82M
- Ticker: PDCRX
- SEC CIK: 0000810893
- SEC series ID: S000033596
- Share class ID: C000103223
PDCRX Investment Objective and Strategy
PIMCO Credit Opportunities Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO Funds.
Investment objective
The Fund seeks maximum total return, consistent with preservation of capital and prudent investment management.
Principal investment strategy
"The Fund invests under normal circumstances at least 80% of its assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Security selection, industry and sector allocation, and management of market risk within and across credit and corporate markets are expected to be the main drivers of returns over time. ""Fixed Income Instruments"" include bonds, debt securities, bank loans and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this Fund normally varies within zero to six years. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates.
The longer a security's duration, the more sensitive it will be to changes in interest rates. The Fund may invest in both investment grade and high yield securities (""junk bonds"") subject to a maximum of 50% of its total assets in securities rated below B- by Moody's Investors Service, Inc. (""Moody's""), or equivalently rated by Standard & Poor's Ratings Services (""S&P"") or Fitch, Inc. (""Fitch""), or, if unrated, determined by PIMCO to be of comparable quality. The Fund may invest, without limitation, in securities of foreign issuers and may also invest in securities and instruments that are economically tied to emerging market countries. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar denominated securities or currencies) to 20% of its total assets.
The Fund may invest up to 15% of its total assets in preferred securities, convertible securities and other equity-related instruments, including up to 10% of its total assets in common stock. The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund's prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, 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 ""total return"" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular sector or security."
PDCRX Holdings
Top 10 holdings of PIMCO Credit Opportunities Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umbs, Tba | 13.08% |
| Umbs, Tba | 8.36% |
| BofA Securities, Inc. | 2.75% |
| U.K. Gilts | 2.46% |
| United States Treasury | 2.07% |
| Pimco Prv Short Term Flt Iii | 2.06% |
| Citigroup Global Markets, Inc. | 2.03% |
| Barclays Bank PLC | 1.96% |
| Poland Government Bond | 1.68% |
| Jane Street Group LLC | 1.65% |
PDCRX Portfolio Allocation
Asset-class allocation of PIMCO Credit Opportunities Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 73.8% |
| Securitized | 34.8% |
| Cash & Equivalents | 15.3% |
| Loans | 6.4% |
| Derivatives | 3.7% |
| Equity | 0.5% |
| Real Estate | 0.4% |
PDCRX Performance
Total returns for PDCRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.1% |
| 1 year | 3.7% |
| 3 years (annualised) | 6.7% |
| 5 years (annualised) | 3.9% |
PDCRX Risk Information
Risk metrics for PDCRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.2%
PDCRX Costs and Fees
PDCRX costs about $131 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.31%
- Gross expense ratio: 1.31%
- Portfolio turnover: 320%
- Brokerage commissions: 1.40 bps of average net assets (SEC N-CEN)
PDCRX Cashflows
Over the 12 months to 2026-06, PIMCO Credit Opportunities Bond Fund had net inflows of $24.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.25M |
| 2026-05 | −$11.08M |
| 2026-04 | −$21.19M |
| 2026-03 | −$3.69M |
| 2026-02 | $18.55M |
| 2026-01 | $462.30K |
PDCRX Debt Constituents
Largest debt holdings of PIMCO Credit Opportunities Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.K. Gilts | 2.46% |
| United States Treasury | 2.07% |
| Poland Government Bond | 1.68% |
| Ci Financial Corp. | 1.65% |
| U.K. Gilts | 1.54% |
| Flutter Treasury Dac | 1.50% |
| Rocket Cos, Inc. | 1.17% |
| Rd Michigan Prop Owner I | 1.15% |
| Eagle Funding Luxco Sarl | 1.08% |
| Titulos De Tesoreria | 1.03% |
PDCRX Prospectus and SEC Filings
Official PIMCO Credit Opportunities Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-25
- Prospectus supplement (497) — filed 2024-01-08
- Prospectus supplement (497) — filed 2023-10-02
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-06-11
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other Long Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.