Fund Evaluator:
PIMCO ESG Income and Bond A (PEGAX)
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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 ESG Income and Bond A Overview
PIMCO ESG Income and Bond A (PEGAX) is an actively managed Taxable Bond Multisector Bond fund. PIMCO launched the fund in 2020.
The investment seeks to maximize current income; Long-term capital appreciation is a secondary objective. The fund seeks to achieve its investment objectives by investing under normal circumstances at least 65% of its total assets in a multi-sector 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 will seek to maintain a high and consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies.
About PIMCO ESG Income and Bond A (PEGAX)
There are 5 members of the management team with an average tenure of 5.84 years: Jing Yang (2020), Alfred Murata (2020), Jelle Brons (2020), Daniel Ivascyn (2020), Joshua Anderson (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. PIMCO ESG Income and Bond A has 1023 securities in its portfolio. The top 10 holdings constitute 79.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
PIMCO ESG Income and Bond A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PIMCO ESG Income and Bond A has 32.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2%. There is 0.0% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 136.4% (103.7% domestic bond, 32.7% foreign bond and 0.0% convertible bond). PIMCO ESG Income and Bond A has -36.7% of the portfolio in cash.
Assets Under Management
The fund has $2 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.
PEGAX 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 ESG Income and Bond A expense ratio is high compared to funds in the Multisector Bond category. PIMCO ESG Income and Bond A has an expense ratio of 1.05%, which is 12% higher 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 ESG Income and Bond A has a portfolio turnover rate of 312%, 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 ESG Income and Bond A returned -1.3%, 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 ESG Income and Bond A has a trailing yield of 4.65%, which is below the 5.31% category average. The fund normally distributes its income monthly.
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 ESG Income and Bond A Grades
Year to date, the fund has returned -0.3%, 1.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.5% over the past year (grade of D), 5.3% over the past three years (grade of F) and 2.1% per year over the past five years (grade of C).
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PEGAX 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 |
|
| PEGAX Return (NAV) | -1.3% | -0.5% | 3.5% | 5.3% | 2.1% | na |
| PEGAX Grade | F | F | D | F | C | na |
| +/- Category | -0.6% | -0.5% | -0.8% | -1.0% | -0.2% | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| PEGAX Tax Cost Ratio | na | na | 1.8% | 1.9% | 1.8% | na |
PEGAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PEGAX Return (NAV) | -0.3% | 8.6% | 4.7% | 5.2% | -6.8% | 2.6% | na | na | na | na | na |
| PEGAX Grade | F | B | D | F | A | C | na | na | na | na | na |
| +/- Category | -1.2% | 0.5% | -1.0% | -3.3% | 3.3% | 0.3% | na | na | na | na | na |
| 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: | 4.3% |
| Total Risk Index: | 0.35 - Low |
| Category Risk Index: | 0.96 - Below Average |
| Category Risk Grade: | B (36% Rank) |
| Beta: | 0.73 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $396 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 312% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.8 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Yang Jing (2020), Murata Alfred (2020), Brons Jelle (2020), Ivascyn Daniel (2020), Anderson Joshua (2020) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 1023 |
| % in Top 10 Holdings: | 79.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 32.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 103.7% |
| Foreign Bond: | 32.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -36.7% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | September 30, 2020 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 3.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.05% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | PIMCO ESG Income and Bond Inst |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
