Interval Funds

Put 50+ Years of Experience to Work

Our interval funds have the flexibility to pursue our best investment ideas across public and private markets – to help potentially earn more.

Play Offense in Volatile Markets

Because they’re not subject to daily redemptions, interval funds can aim to take advantage of attractive opportunities when markets are stressed.

Enhance Income Potential

The flexibility to meaningfully invest in complex, alternative asset classes may lead to higher yield potential.

Access the Breadth and Depth of PIMCO's Resources

Benefit from an investment platform that has delivered attractive returns for more than 50 years.

FAQs

Return potential: Flexible mandate may enable managers to pivot to corners of the market where they see opportunity, for example, sectors with less traditional investor demand that may offer additional return due to liquidity or complexity premiums.

Portfolio diversification potential: Interval funds are not traded on any exchange and have flexible mandates which may allow them to be less correlated to other traditional stock and bond investments, potentially helping mitigate aggregate volatility in a portfolio.

Availability: They may be continuously offered and enable eligible clients to purchase a fund daily at net asset value (NAV)

Simplicity: May offer lower investment minimums than private funds and simpler 1099 tax treatment

Transparency: Registered under the 1940 Act, interval funds will provide semi-annual and annual reports

Each fund is an unlisted closed-end “interval fund.” Limited liquidity is provided to shareholders only through the fund’s quarterly offers to repurchase between 5% to 25%^* of its outstanding shares at net asset value. Although interval funds provide limited liquidity to investors by offering to repurchase a limited amount of shares on a periodic basis, investors should consider these shares to be an illiquid investment.^*

Interval funds are categorized as closed-end funds, but there are key differences between the two. For example, interval funds price daily at net asset value but aren’t listed on an exchange, so they don’t trade above or below net asset value the way traditional closed-end funds do.

^*Subject to applicable law and approval of the Board of Trustees, expected to be 5% for PIMCO Flexible Credit Income Fund, the PIMCO Flexible Emerging Markets Income Fund, and the PIMCO Flexible Real Estate Income Fund; expected to be 10% for the PIMCO Flexible Municipal Income Fund and the PIMCO California Flexible Municipal Income Fund.

More To Know

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Join Portfolio Manager Kris Kraus as he walks through the rapidly growing specialty finance market and the compelling investment opportunities it offers within private credit.

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