PIMCO Credit Opportunities Bond Fund Class A (PZCRX)
PIMCO Credit Opportunities Bond Fund Class A operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $9.61, up 0.10% on the session, giving a market capitalisation of $478.8M. Its beta of 0.51 implies it has historically moved less than the broad market.
This fund commits a significant portion—at least 80%—of its capital to a broad selection of fixed-income securities that mature at different times. To gain exposure to these instruments, it also has the flexibility to use financial derivatives such as forwards, options, futures contracts, and swap agreements. The portfolio is designed to include both high-quality, investment-grade debt and riskier, high-yield bonds (often termed 'junk bonds'). However, there's a strict limit: no more than 50% of the fund's total assets can be invested in securities rated below B- by Moody's, or those holding an equivalent rating from S&P or Fitch. Should a security be unrated, PIMCO will determine if its credit quality is comparable to this threshold.
PIMCO Credit Opportunities Bond Fund Class A is most often compared with the following Financial Services names: