Fund Evaluator:
PIMCO Diversified Inc C (PDICX)
Follow This Fund
Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
PIMCO Diversified Inc C Overview
PIMCO Diversified Inc C (PDICX) is an actively managed Taxable Bond Multisector Bond fund. PIMCO launched the fund in 2003.
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 65% of its total 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. It may invest in both investment-grade securities and high yield securities ("junk bonds") subject to a maximum of 10% of its total assets in securities rated below B by Moody's Investors Service, Inc., or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.
About PIMCO Diversified Inc C (PDICX)
There are 5 members of the management team with an average tenure of 7.43 years: Regina Borromeo (2022), Alfred Murata (2016), Sonali Pier (2017), Charles Watford (2022), Daniel Ivascyn (2016). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100%, ICE BofA BB-B Rtd DM HY Ctd TR HUSD index with a weighting of 33%, JPM EMBI Global Hdg TR USD index with a weighting of 33% and Bloomberg Gbl Agg Crd xEM USD Hdg TR USD index with a weighting of 33%. PIMCO Diversified Inc C has 1715 securities in its portfolio. The top 10 holdings constitute 41.2% 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 Diversified Inc C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PIMCO Diversified Inc C has 60.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.1%. There is 0.1% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 144.9% (84.0% domestic bond, 60.9% foreign bond and 0.1% convertible bond). PIMCO Diversified Inc C has -45.4% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $1 billion average for the Multisector Bond 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.
PDICX 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 Diversified Inc C expense ratio is high compared to funds in the Multisector Bond category. PIMCO Diversified Inc C has an expense ratio of 1.96%, which is 109% higher than its category average, making the fund expense ratio grade a F. 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 Diversified Inc C has a portfolio turnover rate of 274%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, PIMCO Diversified Inc C returned -1.2%, which earned it a grade of F, as the Multisector Bond category had an average return of -0.7%. 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 Diversified Inc C has a trailing yield of 4.61%, which is below the 5.31% 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 Diversified Inc C Grades
Year to date, the fund has returned 0.4%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 4.7% over the past year (grade of B), 6.6% over the past three years (grade of C) and 1.2% per year over the past five years (grade of F) and 2.8% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about PIMCO Diversified Inc C, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
PDICX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PDICX Return (NAV) | -1.2% | 0.1% | 4.7% | 6.6% | 1.2% | 2.8% |
| PDICX Grade | F | B | B | C | F | F |
| +/- Category | -0.5% | 0.1% | 0.4% | 0.3% | -1.1% | -0.7% |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| PDICX Tax Cost Ratio | na | na | 1.9% | 1.7% | 1.6% | 1.5% |
PDICX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PDICX Return (NAV) | 0.4% | 9.2% | 5.1% | 9.1% | -14.8% | -0.8% | 5.2% | 11.5% | -2.1% | 7.6% | 9.3% |
| PDICX Grade | D | A | D | C | F | F | D | B | C | B | B |
| +/- Category | -0.4% | 1.2% | -0.6% | 0.7% | -4.6% | -3.0% | -1.2% | 1.2% | -0.2% | 1.0% | 1.8% |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 5.1% |
| Total Risk Index: | 0.42 - Low |
| Category Risk Index: | 1.15 - Above Average |
| Category Risk Grade: | D (77% Rank) |
| Beta: | 0.85 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na Moderate Sensitivity |
| Yield: | 4.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3053 Mil |
| Fund Total Assets: | $ 17 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 274% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 10.2 years | |||
| Average Tenure: 7.4 years | |||
| Managers (Year): Murata Alfred (2016), Ivascyn Daniel (2016), Pier Sonali (2017), Watford Charles (2022), Borromeo Regina (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 1715 |
| % in Top 10 Holdings: | 41.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 60.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.1% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 84.0% |
| Foreign Bond: | 60.9% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | -45.4% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | July 31, 2003 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.96% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | PIMCO Diversified Inc Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
