Fund Evaluator:
PIMCO Fixed Income SHares C (FXICX)
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Best Performing in Miscellaneous Fixed Income Over the Last Year
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Fund Details
PIMCO Fixed Income SHares C Overview
PIMCO Fixed Income SHares C (FXICX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. PIMCO launched the fund in 2000.
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund seeks to achieve its investment objective by normally investing substantially all (and at least 80%) of its net assets (plus borrowings made for investment purposes) in a portfolio of U.S. and foreign fixed income instruments including (but not limited to): corporate debt securities of U.S. and non- U.S. issuers, including convertible securities and corporate commercial paper; inflation-indexed bonds issued by corporations; structured notes, including hybrid or "indexed" securities and event-linked bonds; etc.
About PIMCO Fixed Income SHares C (FXICX)
There are 3 members of the management team with an average tenure of 5.86 years: Michael Cudzil (2022), David Braun (2016), Vinayak Seshasayee (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Credit TR USD index with a weighting of 100%. PIMCO Fixed Income SHares C has 690 securities in its portfolio. The top 10 holdings constitute 75.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PIMCO Fixed Income SHares C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PIMCO Fixed Income SHares C has 25.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 1.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.1% (74.8% domestic bond, 25.3% foreign bond and 0.0% convertible bond). PIMCO Fixed Income SHares C has -1.5% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $732 million average for the Miscellaneous Fixed Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FXICX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO Fixed Income SHares C expense ratio is low compared to funds in the Miscellaneous Fixed Income category. PIMCO Fixed Income SHares C has an expense ratio of 0.10%, which is 65% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO Fixed Income SHares C has a portfolio turnover rate of 584%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 120% for the Miscellaneous Fixed Income category.
Recently, in the month of June 2026, PIMCO Fixed Income SHares C returned 0.4%, which earned it a grade of C, as the Miscellaneous Fixed Income category had an average return of 0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
PIMCO Fixed Income SHares C has a trailing yield of 5.35%, which is below the 5.96% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PIMCO Fixed Income SHares C Grades
Year to date, the fund has returned 2.0%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 7.1% over the past year (grade of B), 7.5% over the past three years (grade of B) and 1.5% per year over the past five years (grade of C) and 3.3% per year over the past 10 years (grade of C).
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FXICX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FXICX Return (NAV) | 0.4% | 2.1% | 7.1% | 7.5% | 1.5% | 3.3% |
| FXICX Grade | C | C | B | B | C | C |
| +/- Category | -0.0% | 0.2% | 0.6% | 0.2% | -0.6% | 0.2% |
| Miscellaneous Fixed Income Avg | 0.5% | 1.9% | 6.5% | 7.2% | 2.1% | 3.1% |
| FXICX Tax Cost Ratio | na | na | 2.2% | 2.1% | 2.0% | 1.7% |
FXICX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FXICX Return (NAV) | 2.0% | 10.4% | 5.3% | 8.3% | -16.7% | 0.3% | 9.8% | 9.2% | 0.2% | 6.4% | 0.8% |
| FXICX Grade | C | B | C | C | F | D | A | C | D | B | F |
| +/- Category | -0.1% | 2.5% | -1.0% | -0.4% | -6.2% | -1.8% | 3.6% | 0.2% | -0.1% | 1.4% | -3.4% |
| Miscellaneous Fixed Income Avg | 2.1% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 5.8% |
| Total Risk Index: | 0.48 - Below Average |
| Category Risk Index: | 1.12 - Average |
| Category Risk Grade: | C (56% Rank) |
| Beta: | 1.01 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 5.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1991 Mil |
| Fund Total Assets: | $1,991 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 584% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.1 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Braun David (2016), Seshasayee Vinayak (2022), Cudzil Michael (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 690 |
| % in Top 10 Holdings: | 75.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 25.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 1.3% |
| Domestic Bond: | 74.8% |
| Foreign Bond: | 25.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -1.5% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 800-927-4648 |
| Website: | www.allianzinvestors.com |
| Status: | Open |
| Inception Date: | March 17, 2000 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.10% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.28% |
| Share Class: | PIMCO Fixed Income SHares C |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
