Fund Evaluator:
PIMCO Dynamic Bond R (PUBRX)
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Best Performing in Nontraditional Bond Over the Last Year
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| 5.2% | PGIM Absolute Return Bond Z (PADZX) |
| 4.9% | Spectrum Low Volatility Investor (SVARX) |
| 4.8% | Spectrum Unconstrained Investor (SUNBX) |
Fund Details
PIMCO Dynamic Bond R Overview
PIMCO Dynamic Bond R (PUBRX) is an actively managed Taxable Bond Nontraditional Bond fund. PIMCO launched the fund in 2008.
The investment seeks maximum long-term return, consistent with preservation of capital and prudent investment management. The fund invests at least 80% of its 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 40% of its total assets in securities rated below Baa by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.
About PIMCO Dynamic Bond R (PUBRX)
There are 3 members of the management team with an average tenure of 9.33 years: Mohit Mittal (2022), Daniel Ivascyn (2014), Marc Seidner (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100% and ICE BofA SOFR Overnight Rate TR USD index with a weighting of 100%. PIMCO Dynamic Bond R has 2097 securities in its portfolio. The top 10 holdings constitute 134.3% 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 Dynamic Bond R is part of the Fixed Income global asset class and is within the Taxable Bond fund group. PIMCO Dynamic Bond R has 40.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.1%. There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 142.4% (102.0% domestic bond, 40.5% foreign bond and 0.0% convertible bond). PIMCO Dynamic Bond R has -42.6% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $663 million average for the Nontraditional 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.
PUBRX 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 Dynamic Bond R expense ratio is high compared to funds in the Nontraditional Bond category. PIMCO Dynamic Bond R has an expense ratio of 1.44%, which is 2% higher 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 Dynamic Bond R has a portfolio turnover rate of 824%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 304% for the Nontraditional Bond category.
Recently, in the month of July 2026, PIMCO Dynamic Bond R returned -0.6%, which earned it a grade of F, as the Nontraditional 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 Dynamic Bond R has a trailing yield of 4.92%, which is below the 4.94% 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 Dynamic Bond R Grades
Year to date, the fund has returned 0.8%, 0.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 5.2% over the past year (grade of B), 6.5% over the past three years (grade of B) and 2.6% per year over the past five years (grade of C) and 3.2% per year over the past 10 years (grade of C).
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PUBRX 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 |
|
| PUBRX Return (NAV) | -0.6% | 0.9% | 5.2% | 6.5% | 2.6% | 3.2% |
| PUBRX Grade | F | B | B | B | C | C |
| +/- Category | -0.4% | 0.5% | 0.8% | 0.9% | 0.1% | 0.1% |
| Nontraditional Bond Avg | -0.2% | 0.4% | 4.4% | 5.6% | 2.5% | 3.1% |
| PUBRX Tax Cost Ratio | na | na | 2.0% | 1.8% | 1.5% | 1.4% |
PUBRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PUBRX Return (NAV) | 0.8% | 8.6% | 6.4% | 6.7% | -7.5% | -0.3% | 4.7% | 4.1% | 1.3% | 5.7% | 5.1% |
| PUBRX Grade | D | B | C | D | D | D | C | D | B | B | C |
| +/- Category | -0.5% | 1.8% | 1.0% | 0.1% | -1.4% | -1.7% | -0.7% | -2.4% | 2.2% | 1.7% | -1.4% |
| Nontraditional Bond Avg | 1.2% | 6.8% | 5.4% | 6.5% | -6.1% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 3.0% |
| Total Risk Index: | 0.25 - Low |
| Category Risk Index: | 0.85 - Average |
| Category Risk Grade: | C (45% Rank) |
| Beta: | 0.46 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na Limited Sensitivity |
| Yield: | 4.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2200 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 824% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.9 years | |||
| Average Tenure: 9.3 years | |||
| Managers (Year): Ivascyn Daniel (2014), Seidner Marc (2015), Mittal Mohit (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 2097 |
| % in Top 10 Holdings: | 134.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 40.5% |
Portfolio Allocation |
|
| Domestic Stock: | -0.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 102.0% |
| Foreign Bond: | 40.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -42.6% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | July 31, 2008 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.44% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | PIMCO Dynamic Bond Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
