PGNDX — PIMCO GNMA and Government Securities Fund
Data updated: 2026-08-31
PGNDX — PIMCO GNMA and Government Securities Fund. Long Securitized (MBS/ABS/CMBS) Bond · $1.34B AUM. Holdings, fees, performance and SEC filings.
PGNDX Fund Overview
PGNDX — PIMCO GNMA and Government Securities Fund is a US mutual fund managed by PIMCO Funds, categorised as Long Securitized (MBS/ABS/CMBS) 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 Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $1.34B
- Ticker: PGNDX
- SEC CIK: 0000810893
- SEC series ID: S000009684
- Share class ID: C000026545
PGNDX Investment Objective and Strategy
PIMCO GNMA and Government 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 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 80% of its assets in a diversified portfolio of securities of varying maturities issued by the Government National Mortgage Association (""GNMA"") and of securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. The Fund is neither sponsored by nor affiliated with GNMA. The average portfolio duration of this Fund normally varies from one to seven 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 without limit in securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises. In addition, the Fund may invest up to 10% of its total assets in investment grade securities rated below Aaa by Moody's Investors Service, Inc. (""Moody's""), or equivalently rated by Standard & Poor's Ratings Services (""S&P"") or Fitch, Inc. (""Fitch""), subject to a minimum rating of Baa by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The Fund may not invest in securities denominated in foreign currencies, but may invest without limit in U.S. dollar-denominated securities of foreign issuers.
The Fund may invest up to 10% of its total assets in U.S. dollar-denominated securities and instruments that are economically tied to emerging market countries. 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. GNMA, a wholly-owned U.S. Government corporation, is authorized to guarantee, with the full faith and credit of the U.S. Government, the timely payment of principal and interest on securities issued by institutions approved by GNMA and backed by pools of mortgages insured by the Federal Housing Administration, or guaranteed by the Department of Veterans Affairs. The Fund may also invest up to 10% of its total assets in preferred securities."
PGNDX Holdings
Top 10 holdings of PIMCO GNMA and Government Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umbs, Tba | 22.60% |
| Government National Mortgage Association | 11.86% |
| Government National Mortgage Association | 10.03% |
| Government National Mortgage Association | 8.13% |
| Government National Mortgage Association | 7.66% |
| Government National Mortgage Association | 7.42% |
| Government National Mortgage Association | 6.96% |
| Government National Mortgage Association | 6.80% |
| Freddie Mac | 6.01% |
| Government National Mortgage Association | 5.63% |
PGNDX Portfolio Allocation
Asset-class allocation of PIMCO GNMA and Government Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 261.4% |
| Cash & Equivalents | 3.0% |
| Real Estate | 1.4% |
PGNDX Performance
Total returns for PGNDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 5.5% |
| 3 years (annualised) | 5.1% |
| 5 years (annualised) | 0.7% |
PGNDX Risk Information
Risk metrics for PGNDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.3%
PGNDX Costs and Fees
PGNDX costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 0.91%
- Portfolio turnover: 1329%
- Brokerage commissions: 0.20 bps of average net assets (SEC N-CEN)
PGNDX Cashflows
Over the 12 months to 2026-06, PIMCO GNMA and Government Securities Fund had net inflows of $12.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $6.06M |
| 2026-05 | $3.11M |
| 2026-04 | −$169.75K |
| 2026-03 | −$8.54M |
| 2026-02 | $6.03M |
| 2026-01 | $8.05M |
PGNDX Debt Constituents
No individual debt constituents are reported in PIMCO GNMA and Government Securities Fund's latest SEC N-PORT filing.
PGNDX Prospectus and SEC Filings
Official PIMCO GNMA and Government Securities Fund 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 Long Securitized (MBS/ABS/CMBS) 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.