PFDNX — PIMCO Preferred and Capital Securities Fund
Data updated: 2026-08-31
PFDNX — PIMCO Preferred and Capital Securities Fund. Total Return Allocation · $691.19M AUM. Holdings, fees, performance and SEC filings.
PFDNX Fund Overview
PFDNX — PIMCO Preferred and Capital Securities Fund is a US mutual fund managed by PIMCO Funds, categorised as Total Return Allocation. 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: Total Return Allocation
- Assets under management: $691.19M
- Ticker: PFDNX
- SEC CIK: 0000810893
- SEC series ID: S000048447
- Share class ID: C000152876
PFDNX Investment Objective and Strategy
PIMCO Preferred and Capital Securities 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 prudent investment management.
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of preferred securities and Capital Securities. ""Capital Securities"" include securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies) that can be used to satisfy their regulatory capital requirements. Capital Securities may be represented by forwards or derivatives such as options, futures contracts or swap agreements. The Fund will invest under normal circumstances at least 25% of its net assets in preferred securities. Assets not invested in preferred securities or Capital Securities may be invested in other types of Fixed Income Instruments, including derivative Fixed Income Instruments.
""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. By concentrating its investments in preferred securities and Capital Securities, the Fund will be subject to Preferred Securities Risk and Capital Securities Risk. The average portfolio duration of the Fund normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the 70% ICE BofAML 8% Constrained Core West Preferred & Jr Subordinated Securities Index and 30% ICE BofAML Contingent Capital Index, as calculated by Pacific Investment Management Company LLC (""PIMCO""), which as of May 31, 2018 was 4.44 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 will seek to gain exposure to certain newly-issued Regulation S securities through investments in the PIMCO Capital Securities Fund (Cayman) Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the ""Subsidiary""). Regulation S securities are securities of U.S. and non-U.S. issuers that are issued through private offerings without registration with the SEC pursuant to Regulation S under the Securities Act of 1933. The Subsidiary is advised by PIMCO, and has the same investment objective as the Fund. As discussed in greater detail elsewhere in the prospectus, the Subsidiary (unlike the Fund) may invest without limitation in Regulation S securities. The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, 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 invest, without limitation, in high yield securities (""junk bonds"") rated below investment grade by Moody's Investors Services, Inc. (""Moody's""), or equivalently rated by Standard & Poor's Rating 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 denominated in foreign (non-U.S.) currencies and in U.S. dollar-denominated securities of foreign (non-U.S.) issuers. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 10% of its total assets. The Fund may invest, without limitation, in securities and instruments that are economically tied to emerging market countries.
The Fund may invest up to 20% of its total assets in common stock. The Fund may also invest in contingent convertible securities."
PFDNX Holdings
Top 10 holdings of PIMCO Preferred and Capital Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pimco Prv Short Term Flt Iii | 5.01% |
| Bank Of America Corp. | 2.68% |
| JPMorgan Chase & Co. | 2.33% |
| Ubs Group AG | 1.81% |
| Citigroup, Inc. | 1.66% |
| Energy Transfer LP | 1.60% |
| Bnp Paribas | 1.58% |
| Pnc Financial Services | 1.51% |
| Wells Fargo & Company | 1.49% |
| Metlife Capital Trust Iv | 1.39% |
PFDNX Portfolio Allocation
Asset-class allocation of PIMCO Preferred and Capital Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.2% |
| Cash & Equivalents | 5.3% |
| Equity | 3.8% |
| Derivatives | 0.5% |
| Real Estate | 0.2% |
PFDNX Performance
Total returns for PFDNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.5% |
| 1 year | 8.8% |
| 3 years (annualised) | 11.0% |
| 5 years (annualised) | 3.0% |
PFDNX Risk Information
Risk metrics for PFDNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.2%
PFDNX Costs and Fees
PFDNX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.22%
- Portfolio turnover: 49%
- Brokerage commissions: 0.50 bps of average net assets (SEC N-CEN)
PFDNX Cashflows
Over the 12 months to 2026-06, PIMCO Preferred and Capital Securities Fund had net outflows of $135.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.43M |
| 2026-05 | −$14.13M |
| 2026-04 | −$33.86M |
| 2026-03 | −$75.72M |
| 2026-02 | −$3.49M |
| 2026-01 | $1.09M |
PFDNX Debt Constituents
Largest debt holdings of PIMCO Preferred and Capital Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Bank Of America Corp. | 2.68% |
| JPMorgan Chase & Co. | 2.33% |
| Ubs Group AG | 1.81% |
| Citigroup, Inc. | 1.66% |
| Energy Transfer LP | 1.60% |
| Bnp Paribas | 1.58% |
| Pnc Financial Services | 1.51% |
| Wells Fargo & Company | 1.49% |
| Metlife Capital Trust Iv | 1.39% |
| Royal Bank Of Canada | 1.33% |
PFDNX Prospectus and SEC Filings
Official PIMCO Preferred and Capital Securities 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 Total Return Allocation 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.