PUBDX — PIMCO Dynamic Bond Fund
Data updated: 2026-08-31
PUBDX — PIMCO Dynamic Bond Fund. Long Securitized (MBS/ABS/CMBS) Bond · $2.20B AUM · 1.49% expense ratio. Holdings, fees, performance and SEC filings.
PUBDX Fund Overview
PUBDX — PIMCO Dynamic Bond 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: $2.20B
- Ticker: PUBDX
- SEC CIK: 0000810893
- SEC series ID: S000022557
- Share class ID: C000065244
PUBDX Investment Objective and Strategy
PIMCO Dynamic 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 long-term 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 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 Fund intends to utilize various investment strategies in a broad array of fixed income sectors to achieve its investment objective. The Fund will not be constrained by management against an index. The average portfolio duration of this Fund will normally vary from (negative) 3 years to positive 8 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 in both investment-grade securities and high yield securities (""junk bonds"") subject to a maximum of 40% of its total assets in securities rated below Baa 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 without limitation in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. In addition, the Fund may invest up to 50% of its total assets in securities and instruments that are 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 in such instruments without limitation subject to any applicable legal or regulatory limitation).
The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 35% of its total assets. The Fund may also invest up to 10% of its total assets in preferred securities. 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)."
PUBDX Holdings
Top 10 holdings of PIMCO Dynamic Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umbs, Tba | 21.12% |
| Umbs, Tba | 17.67% |
| Umbs, Tba | 13.39% |
| Government National Mortgage Association | 9.21% |
| Umbs, Tba | 8.79% |
| Government National Mortgage Association | 6.68% |
| Pimco Short Asset Portfolio | 5.96% |
| Government National Mortgage Association | 3.62% |
| Letra Tesouro Nacional | 3.02% |
| Umbs, Tba | 2.62% |
PUBDX Portfolio Allocation
Asset-class allocation of PIMCO Dynamic Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 122.6% |
| Fixed Income | 61.2% |
| Cash & Equivalents | 19.0% |
| Equity | 5.0% |
| Real Estate | 2.9% |
| Loans | 1.8% |
| Derivatives | 1.0% |
| Other | 0.1% |
PUBDX Performance
Total returns for PUBDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 6.2% |
| 3 years (annualised) | 7.3% |
| 5 years (annualised) | 3.0% |
PUBDX Risk Information
Risk metrics for PUBDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.8%
PUBDX Costs and Fees
PUBDX costs about $149 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.49%
- Gross expense ratio: 1.49%
- Portfolio turnover: 528%
- Brokerage commissions: 0.75 bps of average net assets (SEC N-CEN)
PUBDX Cashflows
Over the 12 months to 2026-06, PIMCO Dynamic Bond Fund had net outflows of $606.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$49.99M |
| 2026-05 | $19.68M |
| 2026-04 | −$397.33M |
| 2026-03 | −$22.86M |
| 2026-02 | −$9.39M |
| 2026-01 | $29.03M |
PUBDX Debt Constituents
Largest debt holdings of PIMCO Dynamic Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Letra Tesouro Nacional | 3.02% |
| United States Treasury | 2.60% |
| United States Treasury | 2.23% |
| United States Treasury | 1.84% |
| Republic Of Peru | 1.77% |
| Letra Tesouro Nacional | 1.72% |
| Republic Of South Africa | 1.69% |
| Rd Michigan Prop Owner I | 1.56% |
| Bonos De Tesoreria | 1.43% |
| Beignet Investor LLC | 1.23% |
PUBDX Prospectus and SEC Filings
Official PIMCO Dynamic Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-25
- Prospectus supplement (497) — filed 2024-08-01
- Prospectus supplement (497) — filed 2024-01-08
- 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.