Fund Evaluator:
PIMCO Dividend and Income C (PQICX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
PIMCO Dividend and Income C Overview
PIMCO Dividend and Income C (PQICX) is an actively managed Allocation Global Moderate Allocation fund. PIMCO launched the fund in 2011.
The investment seeks to provide current income; the fund's secondary objective is to seek to provide long-term capital appreciation. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of income-producing investments, and will typically invest between 35-65% of its assets in equity and equity-related securities (the "Equity Sleeve") selected in accordance with PIMCO’s systematic equity income strategy.
About PIMCO Dividend and Income C (PQICX)
There are 4 members of the management team with an average tenure of 7.68 years: Alfred Murata (2013), Emmanuel Sharef (2021), Daniel Ivascyn (2013), Usman Ali (2026). 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 MSCI ACWI High Dividend Yield NR USD index with a weighting of 100%. PIMCO Dividend and Income C has 1634 securities in its portfolio. The top 10 holdings constitute 40.3% 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 Dividend and Income C is part of the Allocation global asset class and is within the Allocation fund group. PIMCO Dividend and Income C has 44.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 26.0%. There is 25.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 79.2% (60.1% domestic bond, 19.1% foreign bond and 0.0% convertible bond). PIMCO Dividend and Income C has -31.1% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $947 million average for the Global Moderate Allocation 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.
PQICX 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 Dividend and Income C expense ratio is high compared to funds in the Global Moderate Allocation category. PIMCO Dividend and Income C has an expense ratio of 2.02%, which is 94% 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 Dividend and Income C has a portfolio turnover rate of 436%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, PIMCO Dividend and Income C returned 1.6%, which earned it a grade of B, as the Global Moderate Allocation category had an average return of 0.3%. 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 Dividend and Income C has a trailing yield of 3.13%, which is above the 2.61% category average. The fund normally distributes its income quarterly 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 Dividend and Income C Grades
Year to date, the fund has returned 9.8%, 1.7 percentage points better than the category, which translates into a grade of A. The fund has returned 18.9% over the past year (grade of A), 13.8% over the past three years (grade of A) and 8.4% per year over the past five years (grade of A) and 7.4% per year over the past 10 years (grade of C).
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PQICX 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 |
|
| PQICX Return (NAV) | 1.6% | 3.4% | 18.9% | 13.8% | 8.4% | 7.4% |
| PQICX Grade | B | A | A | A | A | C |
| +/- Category | 1.3% | 1.3% | 2.9% | 1.9% | 2.2% | 0.1% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| PQICX Tax Cost Ratio | na | na | 1.4% | 1.6% | 1.6% | 1.2% |
PQICX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PQICX Return (NAV) | 9.8% | 18.8% | 8.2% | 10.9% | -7.2% | 17.2% | -2.5% | 14.3% | -9.7% | 14.8% | 8.8% |
| PQICX Grade | A | A | D | D | A | A | F | F | F | C | A |
| +/- Category | 1.7% | 2.7% | -0.2% | -1.4% | 6.2% | 5.6% | -12.3% | -3.4% | -2.6% | 0.8% | 2.1% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 7.4% |
| Total Risk Index: | 0.60 - Below Average |
| Category Risk Index: | 0.81 - Low |
| Category Risk Grade: | A (3% Rank) |
| Beta: | 0.71 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $298 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 436% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 7.7 years | |||
| Managers (Year): Murata Alfred (2013), Ivascyn Daniel (2013), Sharef Emmanuel (2021), Ali Usman (2026) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 1634 |
| % in Top 10 Holdings: | 40.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 44.9% |
Portfolio Allocation |
|
| Domestic Stock: | 26.0% |
| Foreign Stock: | 25.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 60.1% |
| Foreign Bond: | 19.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -31.1% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | December 14, 2011 |
| 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 (%): | 2.02% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | PIMCO Dividend and Income Institutional |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
