PSRDX — PIMCO Low Duration Credit Fund
Data updated: 2026-08-31
PSRDX — PIMCO Low Duration Credit Fund. Short Corporate Bond · $132.56M AUM · 1.04% expense ratio. Holdings, fees, performance and SEC filings.
PSRDX Fund Overview
PSRDX — PIMCO Low Duration Credit Fund is a US mutual fund managed by PIMCO Funds, categorised as Short Corporate 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: Short Corporate Bond
- Assets under management: $132.56M
- Ticker: PSRDX
- SEC CIK: 0000810893
- SEC series ID: S000031641
- Share class ID: C000098428
PSRDX Investment Objective and Strategy
PIMCO Low Duration Credit Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO Funds.
Investment objective
The Fund seeks a high level of current income, 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 floating or adjustable rate senior secured loans, senior corporate debt and other senior Fixed Income Instruments that effectively enable the Fund to achieve a floating rate of income. ""Fixed Income Instruments"" include bank loans, bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. entities. A senior secured debt security holds a senior position in the issuer's capital structure and is typically secured by collateral such that, under normal circumstances, holders (such as the Fund) enjoy a priority claim to some or all of the issuer's assets in the event of default as compared to other creditors of the issuer.
Variable and floating-rate Fixed Income Instruments generally pay interest at rates that adjust whenever a specified interest rate changes and/or reset on predetermined dates (such as the last day of a month or calendar quarter). The Fund may also invest in fixed-rate Fixed Income Instruments, including those with respect to which the Fund has entered into derivative instruments to effectively convert the fixed-rate interest payments into floating-rate interest payments. The Fund may invest in both investment grade securities and high yield securities (""junk bonds"") and may primarily invest its assets in below investment grade securities subject to a maximum of 5% of its total assets in securities rated below Caa 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 also invest up to 20% of its total assets in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 10% of its total assets in securities and instruments of issuers economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 20% of its total assets in such instruments). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 5% of its total assets.
The Fund may invest in derivative instruments, such as credit default swap and total return swap agreements, interest rate swaps, futures and options, subject to applicable law and any other restrictions described in the prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis, including currency forwards, and may engage in short sales. The average portfolio duration of the Fund will normally vary within one year (plus or minus) of the portfolio duration of the securities comprising the J.P. Morgan BB/B Leveraged Loan Index, as calculated by PIMCO, which as of May 31, 2018 was 0.17 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."
PSRDX Holdings
Top 10 holdings of PIMCO Low Duration Credit Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pimco Short Asset Portfolio | 8.62% |
| Fed Home Ln Discount Nt | 3.84% |
| State Street Global Advisors | 1.28% |
| Pimco Prv Short Term Flt Iii | 1.23% |
| Fed Home Ln Discount Nt | 1.20% |
| Fed Home Ln Discount Nt | 1.20% |
| Fed Home Ln Discount Nt | 1.12% |
| Beignet Investor LLC | 1.06% |
| US Renal Care Inc | 0.92% |
| United Talent Agency LLC | 0.78% |
PSRDX Portfolio Allocation
Asset-class allocation of PIMCO Low Duration Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 55.1% |
| Fixed Income | 35.9% |
| Cash & Equivalents | 12.5% |
| Derivatives | 1.1% |
| Real Estate | 0.1% |
PSRDX Performance
Total returns for PSRDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.1% |
| 1 year | 4.9% |
| 3 years (annualised) | 8.2% |
| 5 years (annualised) | 5.6% |
PSRDX Risk Information
Risk metrics for PSRDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.7%
PSRDX Costs and Fees
PSRDX costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.04%
- Portfolio turnover: 91%
- Brokerage commissions: 0.12 bps of average net assets (SEC N-CEN)
PSRDX Cashflows
Over the 12 months to 2026-06, PIMCO Low Duration Credit Fund had net outflows of $16.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$311.69K |
| 2026-05 | $264.80K |
| 2026-04 | $1.42M |
| 2026-03 | $2.12M |
| 2026-02 | −$669.69K |
| 2026-01 | $1.09M |
PSRDX Debt Constituents
Largest debt holdings of PIMCO Low Duration Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Fed Home Ln Discount Nt | 3.84% |
| Fed Home Ln Discount Nt | 1.20% |
| Fed Home Ln Discount Nt | 1.20% |
| Fed Home Ln Discount Nt | 1.12% |
| Beignet Investor LLC | 1.06% |
| Carnival Corp. Ltd. | 0.59% |
| Encore Capital Group, Inc. | 0.54% |
| Venture Global Lng, Inc. | 0.52% |
| Newmark Group, Inc. | 0.47% |
| Cco Hldgs Llc/cap Corp. | 0.47% |
PSRDX Prospectus and SEC Filings
Official PIMCO Low Duration Credit 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 Short Corporate 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.