PFCJX

About PFCJX

PIMCO Preferred and Capital Securities Fund Class C is an actively managed mutual fund focused on generating total return from a diversified portfolio of preferred securities and capital securities issued primarily by global financial institutions. The strategy emphasizes instruments that sit lower in the capital structure—such as traditional preferreds, hybrids, and regulatory capital securities—seeking income with potential for capital appreciation through credit selection and structural analysis. The fund typically invests at least 80% of assets in preferred and capital securities and may hold contingent convertible and subordinated issues, reflecting its specialization in bank and insurance sector financing. The portfolio spans hundreds of holdings, with meaningful exposure to large international banks and corporate issuers, and distributes income on a quarterly basis. Managed within PIMCO’s fixed income platform, the fund applies macro and bottom‑up credit research to navigate interest rate, credit, and call risks inherent to preferred markets, positioning it as a niche income-oriented option within the broader preferred stock category.