PIMCO Preferred And Capital Securities Active… (PRFD) Performance
PRFD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.7% since Dec 31, 2025
- 1 year
- −0.3% total return
- 3 years
- +9.7% a year
- Since first price
- +5.2% a year since 2023
PRFD trailing returns vs AGG, TLT, SPY
| Period | PRFD total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.6% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.9% | −3.3% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.9% | −4.8% | −1.5% | −3.8% | +7.8% |
| YTD | −0.7% | −5.0% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.3% | −5.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +32.1%+9.7%/yr | +10.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionJan 19, 2023 | +20.8%+5.2%/yr | −2.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PRFD vs AGG
From Jan 19, 2023: PRFD grew to $12,082, AGG to $10,966.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PRFD returns by calendar year
2 of 2 full years positive. Best 2024 (+10.2%), worst 2025 (+8.5%). 2026 is year to date.
PRFD annual returns table
| Year | PRFD | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.7% | −3.6% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.5% | −3.5% | +7.2% | +4.3% | +17.7% |
| 2024 | +10.2% | −2.2% | +1.3% | −8.1% | +24.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PRFD largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 2, 2023 | −11.9% | Mar 20, 2023 | Jan 25, 2024 | 46 days | 12 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
PRFD risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +8.5% | +4.7% |
| Volatility (annualized) | 6.2% | 7.0% |
| Sharpe ratio | 0.66 | 0.06 |
| Sortino ratio | 1.10 | 0.08 |
| Best month | +5.9% | +5.9% |
| Worst month | −2.8% | −6.1% |
| Best 12 months | +21.7% | +21.7% |
| Worst 12 months | +0.2% | +0.2% |
| Positive months | 75% | 68% |
| Beta vs S&P 500 | 0.35 | — |
| Correlation with S&P 500 | 0.70 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PRFD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 34 | −0.3% | +8.5% | +21.7% | 97% |
| 3-year (a year) | 10 | +6.5% | +8.9% | +9.6% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
PRFD performance overview
PIMCO Preferred And Capital Securities Active… (PRFD) returned −0.3% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +5.2% a year, turning $10,000 into about $12,082. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −11.9%, from Feb 2, 2023 to Mar 20, 2023, and it took 10 months to get back to the old high. Volatility has been 7.0% a year.
Related: PRFD chart, PRFD dividends, PRFD bond profile. See the PRFD overview for the latest quote and fund facts.
PRFD performance FAQ
What is the PRFD return over the past year?
PRFD returned −0.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.9%.
How much would $10,000 invested in PRFD be worth?
$10,000 invested in PRFD at its first recorded close on January 19, 2023 would be worth about $12,082 on October 23, 2026 with distributions reinvested.
What was the worst year for PRFD?
The worst calendar year was 2025, with a total return of +8.5%. The best was 2024 at +10.2%.
What is the biggest drawdown of PRFD?
The largest peak-to-trough decline was −11.9% between February 2, 2023 and March 20, 2023. It recovered to the old high on January 25, 2024, 10 months after the bottom.
How volatile is PRFD?
Over the past 3 years PRFD had an annualized volatility of 6.2% and a Sharpe ratio of 0.66 (excess return over 1–3 month T-bills per unit of risk).