PDRPX — PIMCO Low Duration Fund II
Data updated: 2026-08-31
PDRPX — PIMCO Low Duration Fund II. Alternative · $268.41M AUM · 0.64% expense ratio. Holdings, fees, performance and SEC filings.
PDRPX Fund Overview
PDRPX — PIMCO Low Duration Fund II is a US mutual fund managed by PIMCO Funds, categorised as Alternative. 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: Alternative
- Assets under management: $268.41M
- Ticker: PDRPX
- SEC CIK: 0000810893
- SEC series ID: S000009692
- Share class ID: C000085175
PDRPX Investment Objective and Strategy
PIMCO Low Duration Fund II 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 seeks to achieve its investment objective by investing under normal circumstances at least 65% of its total 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. ""Fixed Income Instruments"" include bonds, debt securities 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 from one to three years based on Pacific Investment Management Company LLC's (""PIMCO"") market forecasts. 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 only in investment grade U.S. dollar denominated securities of U.S. issuers that are rated A or higher 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 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 or improving credit fundamentals for a particular sector or security. The Fund may also invest up to 10% of its total assets in preferred securities."
PDRPX Holdings
Top 10 holdings of PIMCO Low Duration Fund II by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BofA Securities, Inc. | 21.09% |
| Pimco Short Asset Portfolio | 14.63% |
| Umbs, Tba | 7.28% |
| Umbs, Tba | 5.16% |
| United States Treasury | 4.08% |
| Freddie Mac | 2.52% |
| United States Treasury | 1.82% |
| Umbs, Tba | 1.72% |
| Fannie Mae | 1.69% |
| Umbs, Tba | 1.46% |
PDRPX Portfolio Allocation
Asset-class allocation of PIMCO Low Duration Fund II by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 56.4% |
| Securitized | 47.6% |
| Fixed Income | 11.9% |
| Real Estate | 0.3% |
PDRPX Performance
Total returns for PDRPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.4% |
| 1 year | 3.0% |
| 3 years (annualised) | 4.7% |
| 5 years (annualised) | 1.8% |
PDRPX Risk Information
Risk metrics for PDRPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.4%
PDRPX Costs and Fees
PDRPX costs about $64 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.64%
- Gross expense ratio: 0.64%
- Portfolio turnover: 270%
- Brokerage commissions: 0.65 bps of average net assets (SEC N-CEN)
PDRPX Cashflows
Over the 12 months to 2026-06, PIMCO Low Duration Fund II had net inflows of $1.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$6.77M |
| 2026-05 | −$1.12M |
| 2026-04 | $3.68M |
| 2026-03 | −$2.12M |
| 2026-02 | $1.42M |
| 2026-01 | −$2.03M |
PDRPX Debt Constituents
Largest debt holdings of PIMCO Low Duration Fund II by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.14% |
| Freddie Mac | 0.96% |
| Citigroup, Inc. | 0.60% |
| United States Treasury | 0.55% |
| Niagara Mohawk Power | 0.41% |
| US Bancorp | 0.38% |
| Hyundai Capital America | 0.37% |
| Abbvie, Inc. | 0.37% |
| JPMorgan Chase & Co. | 0.37% |
| Amer Airline 16-1 Aa Ptt | 0.30% |
PDRPX Prospectus and SEC Filings
Official PIMCO Low Duration Fund II filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus supplement (497) — filed 2024-08-01
- 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 Alternative 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.