PIMCO Income Fund (PONAX)
PIMCO Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $10.74, up 0.09% on the session, giving a market capitalisation of $231.76B. Its beta of 0.79 implies it has historically moved less than the broad market.
The fund commits at least 65% of its total capital to a diverse collection of fixed-income instruments. These debt securities feature a range of durations and may be accessed through forward contracts or other derivative products, including options, futures, and swap agreements. Furthermore, up to 50% of the portfolio's assets can be allocated to high-yield securities, which are designated below investment grade by rating agencies like Moody's, S&P, or Fitch, or classified as such by PIMCO if unrated.
PIMCO Income Fund is most often compared with the following Financial Services names: