|
Common Shares | ||||
|
Inst Class |
Class A-1 |
Class A-2 |
Class A-3 |
Class A-4 |
PIMCO Flexible Credit Income Fund |
PFLEX |
PFAIX |
PFALX |
PFASX |
PFFLX |
|
Institutional
Class |
Class A-1 |
Class A-2 |
Class A-3 |
Class A-4 |
Maximum Initial Sales Charge
(Load) Imposed on Purchases
(as a percentage of offering
price) |
None(1) |
None(1) |
3.00%(2) |
None(1) |
3.00%(2)
|
Maximum Early Withdrawal
Charge (Load) (as a percentage
of the lower of the original
purchase price or repurchase
price) |
None |
None |
1.00% |
None |
1.00% |
Dividend Reinvestment Fees |
None |
None |
None |
None |
None |
|
Institutional
Class |
Class A-1 |
Class A-2 |
Class A-3 |
Class A-4 |
Management Fees(1) |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.50% |
0.50% |
0.75% |
0.75% |
Interested Payments on
Borrowed Funds(2) |
0.76% |
0.76% |
0.76% |
0.76% |
0.76% |
Other Expenses(3) |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Total Annual Fund
Operating Expenses(4) |
3.06% |
3.56% |
3.56% |
3.81% |
3.81% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Institutional Class |
$31 |
$94 |
$161 |
$337 |
Class A-1 |
$36 |
$109 |
$184 |
$383 |
Class A-2 |
$75 |
$136 |
$209 |
$401 |
Class A-3 |
$38 |
$116 |
$196 |
$404 |
Class A-4 |
$77 |
$143 |
$220 |
$422 |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A-2 |
$65 |
$136 |
$209 |
$401 |
Class A-4 |
$67 |
$143 |
$220 |
$422 |
|
|
Investment Operations |
Less
Distributions(c) | |||||
|
|
|
| |||||
Selected Per Share Data
for the Year or Period Ended^: |
Net Asset Value Beginning of
Year or Period(a) |
Net Investment Income (Loss)(b)
|
Net Realized/ Unrealized Gain (Loss) |
Total |
From Net Investment
Income |
From Net
Realized
Capital Gains |
Tax Basis Return of Capital |
Total |
Institutional Class |
|
|
|
| ||||
06/30/2021 |
$8.21 |
$0.84 |
$1.40 |
$2.24 |
$(0.77) |
$0.00 |
$0.00 |
$(0.77) |
06/30/2020 |
10.09 |
0.73 |
(1.61) |
(0.88) |
(1.00) |
0.00 |
0.00 |
(1.00) |
06/30/2019 |
10.28 |
0.92 |
(0.10) |
0.82 |
(1.01) |
0.00 |
0.00 |
(1.01) |
06/30/2018 |
10.32 |
0.71 |
0.00 |
0.71 |
(0.75) |
0.00 |
0.00 |
(0.75) |
02/22/2017 - 06/30/2017 |
10.00 |
0.19 |
0.25 |
0.44 |
(0.12) |
0.00 |
0.00 |
(0.12) |
Class A-1 |
|
|
|
| ||||
01/29/2021 - 06/30/2021 |
$9.34 |
$0.32
|
$0.36 |
$0.68 |
$(0.34) |
$0.00
|
$0.00
|
$(0.34) |
Class A-2 |
|
|
|
| ||||
06/30/2021 |
$8.21 |
$0.78 |
$1.38 |
$2.16 |
$(0.69) |
$0.00 |
$0.00 |
$(0.69) |
10/28/2019 - 06/30/2020 |
9.82 |
0.40 |
(1.33) |
(0.93) |
(0.68) |
0.00 |
0.00 |
(0.68) |
Class A-3 |
|
|
|
| ||||
11/09/2020 - 06/30/2021 |
$8.89 |
$0.48
|
$0.75 |
$1.23 |
$(0.44) |
$0.00
|
$0.00
|
$(0.44) |
Class A-4 |
|
|
|
| ||||
06/30/2021 |
$8.21 |
$0.77 |
$1.39 |
$2.16 |
$(0.69) |
$0.00 |
$0.00 |
$(0.69) |
06/30/2020 |
10.09 |
0.64 |
(1.60) |
(0.96) |
(0.92) |
0.00 |
0.00 |
(0.92) |
11/30/2018 - 06/30/2019 |
10.17 |
0.52 |
0.06 |
0.58 |
(0.66) |
0.00 |
0.00 |
(0.66) |
|
|
Ratios/Supplemental Data | ||||||
|
|
|
Ratios to Average Net Assets |
| ||||
Net Asset Value End
of Year or Period(a) |
Total
Return(a) |
Net Assets End of Year or Period
(000s) |
Expenses(d) |
Expenses Excluding Waivers(d)
|
Expenses Excluding
Interest Expense |
Expenses Excluding Interest Expense
and Waivers |
Net Investment Income (Loss) |
Portfolio
Turnover Rate |
|
|
|
|
|
|
|
|
|
$9.68 |
28.02 % |
$1,971,964 |
3.06 % |
3.06 % |
2.30 % |
2.30 % |
9.19 % |
34 % |
8.21 |
(9.21) |
1,301,140 |
3.77 |
3.78 |
2.23 |
2.24 |
8.00 |
17 |
10.09 |
8.52 |
931,335 |
3.91 |
3.92 |
2.18 |
2.19 |
9.17 |
13 |
10.28 |
6.98 |
538,772 |
3.09 |
3.11 |
1.98 |
2.00 |
6.84 |
14 |
10.32 |
4.36 |
68,995 |
1.44 * |
5.70 * |
1.39 * |
5.65 * |
5.24 * |
11 |
|
|
|
|
|
|
|
|
|
$9.68
|
7.39 % |
$11 |
3.56 %* |
3.56 %* |
2.80 %* |
2.80 %* |
8.10 %* |
34 % |
|
|
|
|
|
|
|
|
|
$9.68 |
27.00 % |
$39,835 |
3.56 % |
3.56 % |
2.80 % |
2.80 % |
8.44 % |
34 % |
8.21 |
(9.77) |
5,476 |
4.27 * |
4.28 * |
2.73 * |
2.74 * |
7.32 * |
17 |
|
|
|
|
|
|
|
|
|
$9.68
|
14.01 % |
$88,868 |
3.81 %* |
3.81 %* |
3.05 %* |
3.05 %* |
7.81 %* |
34 % |
|
|
|
|
|
|
|
|
|
$9.68 |
27.05 % |
$116,482 |
3.81 % |
3.81 % |
3.05 % |
3.05 % |
8.42 % |
34 % |
8.21 |
(9.95) |
71,662 |
4.52 |
4.53 |
2.98 |
2.99 |
7.07 |
17 |
10.09 |
5.99 |
25,482 |
4.66 * |
4.67 * |
2.93 * |
2.94 * |
9.06 * |
14 |
Assumed Portfolio Total Return |
(10.00)% |
(5.00)% |
0.00% |
5.00% |
10.00% |
Common Shares Total Return (net of expenses) |
(17.28)% |
(8.97)% |
(0.65)% |
7.66% |
15.97% |
Name |
Since |
Recent Professional Experience |
Daniel J. Ivascyn |
Inception |
Group Chief Investment Officer and Managing Director, PIMCO. Mr. Ivascyn joined PIMCO in 1998,
previously having been associated with Bear Stearns in the asset backed
securities group, as well as T. Rowe Price and Fidelity
Investments. He has investment experience since 1992 and holds an MBA in analytic finance from the University of Chicago Graduate School of Business and a bachelor’s degree in
economics from Occidental College. |
Mark Kiesel |
Inception |
Chief Investment Officer Global Credit and Managing Director, PIMCO. Mr. Kiesel is a member of the
PIMCO Investment Committee, a generalist portfolio manager and the global head
of corporate bond portfolio management. He has served as a
portfolio manager, head of equity derivatives and as a senior
Credit Analyst since joining PIMCO in 1996. |
Alfred T. Murata |
Inception |
Managing Director, PIMCO. Mr. Murata is a portfolio manager on the mortgage credit team. Prior to
joining PIMCO in 2001, he researched and implemented exotic equity and
interest-rate derivatives at Nikko Financial
Technologies. |
Marc Seidner |
Inception |
Chief Investment Officer Non-traditional Strategies and Managing Director, PIMCO. Mr. Seidner is head
of portfolio management in the New York office. He is also a generalist
portfolio manager and a member of the Investment Committee. He
rejoined PIMCO in November 2014 after serving as head of fixed
income at GMO LLC, and previously he was a PIMCO Managing Director, generalist portfolio manager and member of the Investment Committee until January 2014. Prior to joining PIMCO in 2009,
he was a managing director and domestic fixed income portfolio manager at
Harvard Management Company. Previously, he was director of
active core strategies at Standish Mellon Asset Management and a
senior portfolio manager at Fidelity Management and Research. He has 29 years of investment experience and holds an undergraduate degree in economics from Boston College. |
Name |
Since |
Recent Professional Experience |
Christian Stracke |
Inception |
Managing Director, PIMCO. Mr. Stracke is a managing director in the Newport Beach office, global head
of the credit research group, and co-head of PIMCO’s BRAVO opportunistic
private strategies complex. Mr. Stracke is also a senior
portfolio manager across PIMCO’s suite of private credit strategies, investing across mortgage, real estate, specialty financials, corporate special situations, and performing private
corporate credit. In addition to his portfolio management responsibilities, he
sits on the firm’s Executive Committee.
|
Eve Tournier |
Inception |
Managing Director, PIMCO. Ms. Tournier is a managing director in the London office and head of
pan-European credit portfolio management. She is the lead portfolio manager
for the firm’s global multi-sector credit strategies as
well as dedicated European credit and European incomeoriented
portfolios, and she is also a member of the European portfolio
committee. |
Jamie Weinstein |
November 2020 |
Managing Director, PIMCO. Mr. Weinstein is a managing director and portfolio manager and head of
corporate special situations, focusing on PIMCO’s opportunistic and
alternative strategies within corporate credit. Prior to joining
PIMCO in 2019, he worked for KKR as a portfolio manager for the
firm’s special situations funds and portfolios, which he managed since
their inception in 2009. He was also a member of the
firm’s special situations, real estate, and India NBFC investment committees and the KKR credit portfolio management committee. Previously, Mr. Weinstein was a portfolio manager
with responsibility across KKR’s credit strategies. He has 18 years of
investment experience and holds an MBA from Stanford University
and a bachelor’s degree in civil engineering and operations research from Princeton University. |
Initial Investment |
Subsequent Investments |
$2,500 per account |
$50 |
Initial Investment |
Subsequent Investments |
$1 million per account |
None |
Your Investment |
As a % of
offering price |
As a % of net
amount invested |
Less than $100,000 |
2.00%(1) |
2.04%(1) |
$100,000 - $249,999.99 |
1.00% |
1.01% |
$250,000 and over |
0.00%(2) |
0.00%(2) |
Your Investment |
As a % of
offering price |
As a % of net
amount invested |
Less than $100,000 |
2.00%(1) |
2.04%(1) |
$100,000 - $249,999.99 |
1.00% |
1.01% |
$250,000 and over |
0.00%(2) |
0.00%(2) |
(1) |
(2) |
(3) |
(4) |
Title of Class |
Amount Authorized |
Amount Held by the Fund
for its Account |
Amount
Outstanding
Exclusive of
Amount Shown
Under(3) |
Institutional Class Common Shares |
Unlimited |
0 |
223,948,347 |
Class A-1 Common Shares |
Unlimited |
0 |
1,124 |
Class A-2 Common Shares |
Unlimited |
0 |
6,690,903 |
Class A-3 Common Shares |
Unlimited |
0 |
15,908,335 |
Class A-4 Common Shares |
Unlimited |
0 |
13,081,705 |