Fund Evaluator:
PIMCO Income Adm (PIINX)
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Best Performing in Multisector Bond Over the Last Year
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| 6.6% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 6.5% | Russell Inv Opportunistic Credit M (RGOTX) |
| 6.1% | Thrivent Multisector Bond S (IIINX) |
Fund Details
PIMCO Income Adm Overview
PIMCO Income Adm (PIINX) is an actively managed Taxable Bond Multisector Bond fund. PIMCO launched the fund in 2007.
The investment seeks to maximize current income; long-term capital appreciation is a secondary objective. The fund invests 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 may invest up to 50% of its total assets in high yield securities rated below investment grade by Moody's, S&P or Fitch, or if unrated, as determined by PIMCO.
About PIMCO Income Adm (PIINX)
There are 3 members of the management team with an average tenure of 13.50 years: Alfred Murata (2013), Daniel Ivascyn (2007), Joshua Anderson (2018). 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 Income Adm has 10905 securities in its portfolio. The top 10 holdings constitute 71.4% 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 Income Adm is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PIMCO Income Adm has 41.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.4%. There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 162.4% (121.5% domestic bond, 40.9% foreign bond and 0.0% convertible bond). PIMCO Income Adm has -62.7% of the portfolio in cash.
Assets Under Management
The fund has $315 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.
PIINX 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 Income Adm expense ratio is above average compared to funds in the Multisector Bond category. PIMCO Income Adm has an expense ratio of 0.79%, which is 17% lower than its category average, making the fund expense ratio grade a C. 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 Income Adm has a portfolio turnover rate of 711%, 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 June 2026, PIMCO Income Adm returned 0.5%, which earned it a grade of A, as the Multisector Bond category had an average return of 0.2%. 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 Income Adm has a trailing yield of 5.51%, which is above the 5.25% 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 Income Adm Grades
Year to date, the fund has returned 1.4%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 6.5% over the past year (grade of A), 7.5% over the past three years (grade of B) and 3.6% per year over the past five years (grade of A) and 4.6% per year over the past 10 years (grade of A).
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PIINX 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 |
|
| PIINX Return (NAV) | 0.5% | 2.0% | 6.5% | 7.5% | 3.6% | 4.6% |
| PIINX Grade | A | B | A | B | A | A |
| +/- Category | 0.3% | 0.1% | 1.2% | 0.6% | 1.0% | 0.8% |
| Multisector Bond Avg | 0.2% | 1.9% | 5.3% | 6.9% | 2.6% | 3.7% |
| PIINX Tax Cost Ratio | na | na | 2.2% | 2.3% | 2.3% | 2.2% |
PIINX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PIINX Return (NAV) | 1.4% | 10.8% | 5.2% | 9.0% | -8.0% | 2.3% | 5.5% | 7.8% | 0.3% | 8.3% | 8.5% |
| PIINX Grade | C | A | D | C | B | C | D | F | A | B | B |
| +/- Category | -0.2% | 2.7% | -0.6% | 0.6% | 2.1% | 0.1% | -0.8% | -2.5% | 2.2% | 1.7% | 1.0% |
| Multisector Bond Avg | 1.6% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.4% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 4.6% |
| Total Risk Index: | 0.38 - Low |
| Category Risk Index: | 1.04 - Average |
| Category Risk Grade: | C (50% Rank) |
| Beta: | 0.79 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na Moderate Sensitivity |
| Yield: | 5.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $227814 Mil |
| Fund Total Assets: | $ 316 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 711% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 19.3 years | |||
| Average Tenure: 13.5 years | |||
| Managers (Year): Ivascyn Daniel (2007), Murata Alfred (2013), Anderson Joshua (2018) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 10905 |
| % in Top 10 Holdings: | 71.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 41.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.4% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 121.5% |
| Foreign Bond: | 40.9% |
| Convertible Bond: | 0.0% |
| Other: | -0.2% |
| Cash: | -62.7% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | March 30, 2007 |
| Min. Initial Purchase: | $1,000,000 |
| 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: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.79% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.95% |
| Share Class: | PIMCO Income Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
