PMZCX

About PMZCX

PIMCO Mortgage Opportunities and Bond Fund Class C is a nontraditional bond mutual fund managed by PIMCO. The fund’s primary objective is to seek maximum long-term return in line with prudent investment management practices. It distinguishes itself by investing at least 80% of its net assets in a broad range of mortgage-related instruments, including agency and private-label residential and commercial mortgage-backed securities. This focus exposes the fund to both government-backed and private-sector housing markets, offering investors access to diverse segments of the real estate debt market. Key features of the fund include monthly income distributions and a relatively high dividend yield compared to traditional bond funds. The fund typically maintains an effective duration of about 3.5 years, positioning it with moderate interest rate sensitivity. With several thousand holdings, its portfolio emphasizes risk management and diversification across a variety of mortgage and interest rate-linked instruments. As part of its strategy, the fund employs both long and short positions in derivatives tied to rates such as SOFR, further enhancing its flexibility in different market environments. The PIMCO Mortgage Opportunities and Bond Fund Class C serves investors seeking diversified mortgage exposure within the fixed income universe, playing a specialized role in the broader market for income-generating investments.