About this Prospectus Supplement |
S-3 |
S-3 | |
S-3 | |
S-5 | |
S-6 | |
S-6 | |
S-7 | |
S-8 | |
S-8 | |
S-8 | |
S-9 |
Prospectus |
|
Prospectus Summary |
1 |
Summary of Fund Expenses |
31 |
Financial Highlights |
33 |
Use of Proceeds |
35 |
The Fund |
35 |
Investment Objectives and Policies |
35 |
Portfolio Contents |
36 |
Use of Leverage |
58 |
Principal Risks of the Fund |
60 |
How the Fund Manages Risk |
89 |
Management of the Fund |
91 |
Net Asset Value |
94 |
Distributions |
95 |
Dividend Reinvestment Plan |
96 |
Description of Capital Structure |
97 |
Plan of Distribution |
98 |
Market and Net Asset Value Information |
100 |
Anti-Takeover and Other Provisions in the Declaration of Trust |
100 |
Repurchase of Common Shares; Conversion to Open-End Fund |
102 |
Tax Matters |
104 |
Custodian and Transfer Agent |
107 |
Independent Registered Public Accounting Firm |
107 |
Legal Matters |
107 |
Incorporation by Reference |
107 |
Appendix A-Description of Securities Ratings |
A-1 |
Sales load (as a percentage of offering price) |
|
Offering Expenses Borne by Common Shareholders ( |
|
Dividend Reinvestment Plan Fees |
|
|
Percentage of Net Assets Attributable to Common Shares (reflecting leverage attributable to reverse repurchase agreements) |
Management Fees(1) |
|
Interest Payments on Borrowed Funds(2) |
|
Other Expenses(3) |
|
Total Annual Expenses(4) |
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Total Expenses Incurred |
$ |
$ |
$ |
$ |
|
As of June 30, 2022 | |
|
Actual |
As Adjusted |
Composition of Net Assets: |
|
|
|
|
|
Common Shares, par value $0.00001 per share, unlimited shares authorized (110,053,051 shares outstanding as of June 30, 2022, and shares estimated issued and outstanding as adjusted |
1,101 |
1,440 |
Paid-in-capital in excess of par |
2,200,989,718 |
2,697,233,026 |
Distributable earnings (accumulated loss) |
(516,482,599) |
(583,807,675) |
Net Assets Applicable to holders of Common Shares |
1,684,508,220 |
2,113,426,792 |
Capitalization |
1,684,508,220 |
2,113,426,792 |
|
Common share market price(1) |
Common share net asset value |
Premium (discount) as a % of net asset value | |||
Quarter(2) |
High |
Low |
High |
Low |
High |
Low |
Quarter ended December 31, 2022 |
$ |
$ |
$ |
$ |
|
( |
Quarter ended September 30, 2022 |
$ |
$ |
$ |
$ |
|
( |
Quarter ended June 30, 2022 |
$ |
$ |
$ |
$ |
( |
( |
Quarter ended March 31, 2022 |
$ |
$ |
$ |
$ |
|
( |
Quarter ended December 31, 2021 |
$ |
$ |
$ |
$ |
|
( |
Quarter ended September 30, 2021 |
$ |
$ |
$ |
$ |
|
|
Quarter ended June 30, 2021 |
$ |
$ |
$ |
$ |
|
|
Quarter ended March 31, 20213 |
$ |
$ |
$ |
$ |
|
|
|
Common Shares |
PIMCO Dynamic Income Opportunities Fund |
PDO |
|
Page |
1 | |
31 | |
33 | |
35 | |
35 | |
35 | |
36 | |
58 | |
60 | |
89 | |
91 | |
94 | |
95 | |
96 | |
97 | |
98 | |
100 | |
100 | |
102 | |
104 | |
107 | |
107 | |
107 | |
107 | |
A-1 |
|
|
Sales load (as a percentage of offering price)(1) |
[--]% |
Offering Expenses Borne by Common Shareholders (as a percentage of offering price)(2) |
[--]% |
Dividend Reinvestment Plan Fees(3) |
None |
Annual Expenses |
Percentage of Net Assets Attributable to Common Shares (reflecting leverage attributable to reverse repurchase agreements) |
Management Fees(1) |
2.11% |
Interest Payments on Borrowed Funds(2) |
3.24% |
Other Expenses(3) |
0.01% |
Total Annual Expenses(4) |
5.36% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Total Expenses Incurred |
$54 |
$160 |
$266 |
$526 |
|
|
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 |
PIMCO Dynamic Income Opportunities Fund (Consolidated) |
|
|
| ||||
06/30/2022 |
$20.50 |
$1.73 |
$(5.01) |
$(3.28) |
$(1.79) |
$(0.12) |
$0.00 |
01/29/2021 - 06/30/2021 |
$20.00 |
$0.49 |
$0.47 |
$0.96 |
$(0.47) |
$0.00 |
$0.00 |
|
|
|
Common Share |
Ratios/Supplemental Data |
| |||||||
|
|
|
|
|
Ratios to Average Net Assets |
| ||||||
Total |
Increase resulting from at-the-market offering |
Offering Cost Charged to Paid In Capital |
Net Asset Value End of Year or Period(a) |
Market Price End of Year or Period |
Total Investment Return(d) |
Net Assets Applicable to Common Shareholders (000s) |
Expenses(e) |
Expenses Excluding Waivers(e) |
Expenses Excluding Interest Expenses |
Expenses Excluding Interest Expense and Waivers |
Net Investment Income (Loss) |
Portfolio Turnover Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
$(1.91) |
N/A |
N/A |
$15.31 |
$13.85 |
(33.77)% |
$1,684,507 |
2.79% |
2.79% |
2.12% |
2.12% |
9.11% |
47% |
$(0.47) |
$0.01 |
N/A |
$20.50 |
$23.18 |
16.70% |
$2,227,301 |
2.10%* |
2.10%* |
1.78%* |
1.78%* |
5.93%* |
49% |
Assumed Portfolio Total Return |
(10.00)% |
(5.00)% |
0.00% |
5.00% |
10.00% |
Common Share Total Return |
(21.40)% |
(12.32)% |
(3.24)% |
5.83% |
14.94% |
Portfolio Manager |
Since |
Title |
Recent Professional Experience |
Daniel J. Ivascyn |
Inception (2021) |
Group Chief Investment Officer |
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. |
Alfred T. Murata |
Inception (2021) |
Managing Director |
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. |
Joshua Anderson |
Inception (2021) |
Managing Director |
Managing Director, PIMCO. Mr. Anderson is a portfolio manager focusing on global structured credit investments. Prior to joining PIMCO in 2003, he was an analyst at Merrill Lynch covering both the residential ABS and collateralized debt obligation sectors and was ranked as one of the top analysts by Institutional Investor magazine. He was previously a portfolio manager at Merrill Lynch Investment Managers. |
Jamie Weinstein |
Inception (2021) |
Managing Director |
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. |
Sonali Pier |
Inception (2021) |
Managing Director |
Managing Director, PIMCO. Ms. Pier is a portfolio manager focusing on multi-sector credit opportunities. Prior to joining PIMCO in 2013, she was a senior credit trader at J.P. Morgan, trading cash, recovery and credit default swaps across various sectors. She has investment experience since 2003 and holds an undergraduate degree in economics from Princeton University. |
Title of Class |
Amount Authorized |
Amount Outstanding |
Common Shares |
Unlimited |
110,318,151 |
|
Common share market price(1) |
Common share net asset value |
Premium (discount) as a % of net asset value | |||
Quarter(2) |
High |
Low |
High |
Low |
High |
Low |
Quarter ended December 31, 2022 |
$15.38 |
$12.77 |
$14.71 |
$13.29 |
6.39% |
-9.39% |
Quarter ended September 30, 2022 |
$15.72 |
$13.19 |
$15.87 |
$14.55 |
0.58% |
-9.64% |
Quarter ended June 30, 2022 |
$17.35 |
$13.67 |
$18.12 |
$15.35 |
-3.79% |
-13.59% |
Quarter ended March 31, 2022 |
$19.78 |
$15.97 |
$19.42 |
$17.60 |
1.91% |
-9.42% |
Quarter ended December 31, 2021 |
$21.66 |
$19.32 |
$20.43 |
$19.24 |
6.49% |
-0.16% |
Quarter ended September 30, 2021 |
$22.25 |
$20.45 |
$20.66 |
$20.29 |
8.49% |
0.34% |
Quarter ended June 30, 2021 |
$23.18 |
$20.09 |
$20.63 |
$19.89 |
13.07% |
0.59% |
Quarter ended March 31, 2021 |
$20.92 |
$19.93 |
$20.17 |
$19.73 |
4.93% |
0.35% |
Name and Year of Birth |
Position(s) Held with the Fund |
Term of Office and Length of Time Served(2) |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee(3) |
Other Directorships Held by Trustee During the Past 5 Years |
Deborah A. DeCotis 1952 Class I |
Chair of the Board, Trustee |
Since inception |
Advisory Director, Morgan Stanley & Co., Inc. (since 1996); Member, Circle Financial Group (since 2009); Member, Council on Foreign Relations (since 2013); Trustee, Smith College (since 2017); and Director, Watford Re (since 2017). Formerly, Co-Chair Special Projects Committee, Memorial Sloan Kettering (2005-2015); Trustee, Stanford University (2010-2015); Principal, LaLoop LLC, a retail accessories company (1999-2014); Director, Helena Rubenstein Foundation (1997-2010); and Director, Armor Holdings (2002-2010). |
26 |
Trustee, Allianz Funds (2011-2021); Trustee, Virtus Funds (2021-Present). |
Sarah E. Cogan 1956 Class II |
Trustee |
Since inception |
Retired Partner, Simpson Thacher & Bartlett LLP (law firm) (1989-2018); Director, Girl Scouts of Greater New York, Inc. (since 2016); and Trustee, Natural Resources Defense Council, Inc. (since 2013). |
26 |
Trustee, Allianz Funds (2019-2021); Trustee, Virtus Funds (2021-Present). |
Name and Year of Birth |
Position(s) Held with the Fund |
Term of Office and Length of Time Served(2) |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee(3) |
Other Directorships Held by Trustee During the Past 5 Years |
Kathleen A. McCartney(4) 1955 Class II |
Trustee |
Since 2022 |
President, Smith College (since 2013); Director (since 2013) and President (since 2020), Five Colleges, Inc., consortium of liberal arts colleges and universities (since 2013); Formerly, Director, American Council on Education Board of Directors, (2015-2019); Director, Consortium on Financing Higher Education Board of Directors (2015-2019); Director, edX Board of Directors, online course provider (2012-2013); Director, Bellwether Education Partners Board, national nonprofit organization (2010-2013); Dean, Harvard Graduate School of Education (2006-2013); Trustee, Tufts University (2007-2013). |
26 |
None. |
Joseph B. Kittredge, Jr. 1954 Class I |
Trustee |
Since inception |
Trustee (since 2019) and Governance Committee (since 2020), Vermont Law School; Director and Treasurer, Center for Reproductive Rights (since 2015); Formerly, Director (2013-2020) and Chair (2018-2020), ACLU of Massachusetts; General Counsel, Grantham, Mayo, Van Otterloo & Co. LLC (2005-2018) and Partner (2007-2018); President, GMO Trust (institutional mutual funds) (2009-2018); Chief Executive Officer, GMO Trust (2009-2015); President and Chief Executive Officer, GMO Series Trust (platform based mutual funds) (2011-2013). |
26 |
Trustee, GMO Trust (2010-2018); Chairman of the Board of Trustees, GMO Series Trust (2011-2018). |
Name and Year of Birth |
Position(s) Held with the Fund |
Term of Office and Length of Time Served(2) |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee(3) |
Other Directorships Held by Trustee During the Past 5 Years |
Alan Rappaport 1953 Class III |
Trustee |
Since inception |
Director, Victory Capital Holdings, Inc., an asset management firm (since 2013). Formerly, Adjunct Professor, New York University Stern School of Business (2011-2020); Lecturer, Stanford University Graduate School of Business (2013-2020); Advisory Director (formerly Vice Chairman), Roundtable Investment Partners (2009-2018); Member of Board of Overseers, NYU Langone Medical Center (2015-2016); Trustee, American Museum of Natural History (2005-2015); Trustee, NYU Langone Medical Center (2007-2015); and Vice Chairman (formerly, Chairman and President), U.S. Trust (formerly, Private Bank of Bank of America, the predecessor entity of U.S. Trust) (2001-2008). |
26 |
Trustee, Allianz Funds (2010-2021); Chairman of the Board of Trustees, Virtus Closed-End Funds (2021-Present). |
E. Grace Vandecruze(5) 1963 Class II |
Trustee |
Since 2021 |
Founder and Managing Director, Grace Global Capital LLC, a strategic advisory firm to the insurance industry (since 2006); Director, The Doctors Company, a medical malpractice insurance company (since 2020); Chief Financial Officer, Athena Technology Acquisition Corp, a special purpose acquisition company (since 2021); Director, Link Logistics REIT, a real estate company (since 2021); Director and Member of the Investment & Risk Committee, Resolution Life Group Holdings, a global life insurance group (since 2021); and Director, Wharton Graduate Executive Board. Formerly, Director, Resolution Holdings (2015-2019). Formerly, Director and Member of the Audit Committee and the Wealth Solutions Advisory Committee, M Financial Group, a life insurance company (2015-2021); Director, SBLI USA, a life insurance company (2015-2018). |
26 |
None. |
David N. Fisher 1968 Class I |
Trustee |
Since inception |
Managing Director and Co-Head of U.S. Global Wealth Management Strategic Accounts, PIMCO (since 2021); Managing Director and Head of Traditional Product Strategies, PIMCO (2015-2021); and Director, Court Appointed Special Advocates (CASA) of Orange County, a non-profit organization (since 2015). Formerly, Global Bond Strategist, PIMCO (2008-2015); and Managing Director and Head of Global Fixed Income, HSBC Global Asset Management (2005-2008). |
26 |
None. |
John C. Maney 1959 Class III |
Trustee |
Since inception |
Senior Advisor to PIMCO (since June 2021); Non-Executive Director and a member of the Compensation Committee of PIMCO Europe Ltd (since December 2017). Formerly, Consultant to PIMCO (January 2020-June 2021); Managing Director of Allianz Asset Management of America L.P. (2005-2019); member of the Management Board and Chief Operating Officer of Allianz Asset Management of America L.P (2006-2019); Member of the Management Board of Allianz Global Investors Fund Management LLC (2007-2014) and Managing Director of Allianz Global Investors Fund Management LLC (2011-2014). |
26 |
None. |
Name, Address and Year of Birth |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During the Past 5 Years |
Eric D. Johnson1 1970 |
President |
Since inception |
Executive Vice President and Head of Funds Business Group Americas, PIMCO. President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Keisha Audain-Pressley2 1975 |
Chief Compliance Officer |
Since inception |
Executive Vice President and Deputy Chief Compliance Officer, PIMCO. Chief Compliance Officer, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Ryan Leshaw1 1980 |
Chief Legal Officer |
Since inception |
Executive Vice President and Senior Counsel, PIMCO. Chief Legal Officer, PIMCO-Managed Funds and PIMCO Capital Solutions BDC Corp. Chief Legal Officer and Secretary, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. Formerly, Associate, Willkie Farr & Gallagher LLP. |
Joshua D. Ratner2 1976 |
Senior Vice President |
Since inception |
Executive Vice President and Head of Americas Operations, PIMCO. Senior Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. |
Peter G. Strelow1 1970 |
Senior Vice President |
Since inception |
Managing Director and Co-Chief Operating Officer, PIMCO. Senior Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. Formerly, Chief Administrative Officer, PIMCO. |
Name, Address and Year of Birth |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During the Past 5 Years |
Wu-Kwan Kit1 1981 |
Vice President Senior Counsel and Secretary |
Since inception |
Senior Vice President and Senior Counsel, PIMCO. Vice President, Senior Counsel and Secretary, PIMCO-Managed Funds and PIMCO Capital Solutions BDC Corp. Assistant Secretary, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. Formerly, Assistant General Counsel, VanEck Associates Corp. |
Douglas B. Burrill2 1980 |
Vice President |
Since August 2022 |
Senior Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Jeffrey A. Byer1 1976 |
Vice President |
Since inception |
Executive Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Elizabeth A. Duggan1 1964 |
Vice President |
Since 2021 |
Executive Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Mark A. Jelic1 1981 |
Vice President |
Since 2021 |
Senior Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Kenneth W. Lee1 1972 |
Vice President |
Since August 2022 |
Senior Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Name, Address and Year of Birth |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During the Past 5 Years |
Brian J. Pittluck1 1977 |
Vice President |
Since inception |
Senior Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Keith A. Werber1 1973 |
Vice President |
Since June 2022 |
Executive Vice President, PIMCO. Vice President, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Bijal Parikh1 1978 |
Treasurer |
Since inception |
Executive Vice President, PIMCO. Treasurer, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. |
Brandon T. Evans1 1982 |
Deputy Treasurer |
Since March 2022 |
Senior Vice President, PIMCO. Deputy Treasurer, PIMCO-Managed Funds. Assistant Treasurer, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series and PIMCO Equity Series VIT. |
Erik C. Brown3 1967 |
Assistant Treasurer |
Since inception |
Executive Vice President, PIMCO. Assistant Treasurer, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Capital Solutions BDC Corp. |
Name of Trustee |
Dollar Range of Equity Securities in the Fund |
Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by Trustee in Family of Investment Companies(1) |
Independent Trustees |
|
|
Deborah A. DeCotis |
None |
Over $100,000 |
Sarah E. Cogan |
$10,001-$50,000 |
Over $100,000 |
Joseph B. Kittredge, Jr. |
None |
$50,001-$100,000 |
Kathleen A. McCartney(2) |
None |
None |
William B. Ogden, IV(3) |
$50,001-$100,000 |
$50,001-$100,000 |
Alan Rappaport |
$10,001-$50,000 |
Over $100,000 |
E. Grace Vandecruze(4) |
None |
None |
Interested Trustees |
|
|
David N. Fisher |
Over $100,000 |
Over $100,000 |
John C. Maney |
Over $100,000 |
Over $100,000 |
Name of Trustee |
Name of Owners and Relations to Trustee |
Company |
Title of Class |
Value of Securities |
Percent of Class |
Deborah A. DeCotis |
None |
N/A |
N/A |
N/A |
N/A |
Sarah E. Cogan |
None |
N/A |
N/A |
N/A |
N/A |
Name of Trustee |
Name of Owners and Relations to Trustee |
Company |
Title of Class |
Value of Securities |
Percent of Class |
Joseph B. Kittredge, Jr. |
None |
N/A |
N/A |
N/A |
N/A |
Kathleen A. McCartney(1) |
None |
N/A |
N/A |
N/A |
N/A |
William B. Ogden, IV(2) |
None |
N/A |
N/A |
N/A |
N/A |
Alan Rappaport |
None |
N/A |
N/A |
N/A |
N/A |
E. Grace Vandecruze(3) |
None |
N/A |
N/A |
N/A |
N/A |
Record/Beneficial Owner |
Percentage of Outstanding Shares of Fund Owned of Record |
MORGAN STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER, PLAZA 2 JERSEY CITY, NJ 07311 |
27.14% |
MERRILL LYNCH PROFESSIONAL CLEARING CORP. 222 BROADWAY NEW YORK, NY 10038 |
15.05% |
NATIONAL FINANCIAL SERVICES LLC 200 LIBERTY ST, ONE WORLD FINANCIAL CENTER NEW YORK NY 10281-1003 |
12.67% |
CHARLES SCHWAB & CO INC 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
8.09% |
UBS FINANCIAL 499 WASHINGTON BLVD 9TH F JERSEY CITY, NJ 07310-2055 |
6.96% |
Name of Trustee(1) |
Aggregate Compensation from the Fund for the Fiscal Year Ended June 30, 2022 |
Pension or Retirement Benefits Accrued as Part of Fund Expenses |
Estimated Annual Benefits Upon Retirement |
Total Compensation from the Fund Complex Paid to the Trustees for the Calendar Year Ended December 31, 2022(2) |
Deborah A. DeCotis |
$27,992 |
N/A |
N/A |
$325,000 |
Sarah E. Cogan |
$22,312 |
N/A |
N/A |
$275,000 |
Joseph B. Kittredge, Jr. |
$25,115 |
N/A |
N/A |
$285,000 |
Kathleen A. McCartney(3) |
N/A |
N/A |
N/A |
125,000 |
William B. Ogden, IV(4) |
$21,680 |
N/A |
N/A |
$260,000 |
Alan Rappaport |
$21,680 |
N/A |
N/A |
$260,000 |
E. Grace Vandecruze(5) |
$21,258 |
N/A |
N/A |
$250,000 |
Hans W. Kertess(6) |
$10,713 |
N/A |
N/A |
N/A |
Fiscal Year |
Management Fee Paid by Fund |
January 29 to June 30, 2021 |
$15,575,472 |
June 30, 2022 |
$43,916,837 |
Portfolio Manager |
Total Number of Other Accounts |
Total Assets of All Other Accounts (in $ Millions) |
Number of Other Accounts Paying a Performance Fee |
Total Assets of Other Accounts Paying a Performance Fee (in $ Millions) |
Alfred T. Murata |
|
|
|
|
Registered Investment Companies |
20 |
$163,679.61 |
0 |
$0.00 |
Other Pooled Investment Vehicles |
19 |
$41,791.98 |
5 |
$9,877.10 |
Other Accounts |
4 |
$566.96 |
0 |
$0.00 |
Portfolio Manager |
Total Number of Other Accounts |
Total Assets of All Other Accounts (in $ Millions) |
Number of Other Accounts Paying a Performance Fee |
Total Assets of Other Accounts Paying a Performance Fee (in $ Millions) |
Daniel J. Ivascyn |
|
|
|
|
Registered Investment Companies |
18 |
$161,260.75 |
0 |
$0.00 |
Other Pooled Investment Vehicles |
20 |
$83,564.87 |
9 |
$17,222.64 |
Other Accounts |
8 |
$2,604.04 |
1 |
$286.90 |
Joshua Anderson |
|
|
|
|
Registered Investment Companies |
6 |
$131,570.83 |
0 |
$0.00 |
Other Pooled Investment Vehicles |
15 |
$18,979.79 |
9 |
$12,954.03 |
Other Accounts |
1 |
$0.11 |
0 |
$0.00 |
Jamie Weinstein |
|
|
|
|
Registered Investment Companies |
2 |
$3,082.92 |
0 |
$0.00 |
Other Pooled Investment Vehicles |
3 |
$6,992.80 |
1 |
$6,062.56 |
Other Accounts |
0 |
$0.00 |
0 |
$0.00 |
Sonali Pier |
|
|
|
|
Registered Investment Companies |
6 |
$15,377.43 |
0 |
$0.00 |
Other Pooled Investment Vehicles |
19 |
$7,908.84 |
1 |
$3,124.72 |
Other Accounts |
23 |
$66,792.56 |
0 |
$0.00 |
Portfolio Manager |
Dollar Range of Equity Securities in the Fund |
Alfred T. Murata |
Over $100,000 |
Daniel J. Ivascyn |
Over $100,000 |
Joshua Anderson |
Over $100,000 |
Jamie Weinstein |
Over $100,000 |
Sonali Pier |
None |
Broker or Dealer |
Value of Securities Held by the Fund as of June 30, 2022 ($000) |
HSBC BANK PLC |
$105,400 |
JP MORGAN SECURITIES LTD |
91,544 |
GOLDMAN SACHS & CO. |
47,272 |
CITI GROUP |
43,173 |
BARCLAYS BANK PLC |
32,042 |
BOFA SECURITIES, INC. |
6,971 |
CREDIT SUISSE (USA), INC. |
1,527 |