David C. Sullivan, Esq. Adam M. Schlichtmann, Esq. Ropes & Gray LLP Prudential Tower, 800 Boylston Street Boston, Massachusetts 02199 |
Douglas P. Dick, Esq. Adam T. Teufel, Esq. Dechert LLP 1900 K Street, N.W. Washington, D.C. 20006 |
|
Check box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans. |
|
Check box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 (“Securities Act”), other than securities offered in connection with a dividend reinvestment plan. |
|
Check box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto. |
|
Check box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act. |
|
Check box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act. |
It is proposed that this filing will become effective (check appropriate box): | |
|
when declared effective pursuant to Section 8(c), or as follows: |
If appropriate, check the following box: | |
|
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
|
This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: |
|
This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: |
|
This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is: |
Check each box that appropriately characterizes the Registrant: | |
|
Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 (“Investment Company Act”)). |
|
Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under the Investment Company Act). |
|
Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act). |
|
A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form). |
|
Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act). |
|
Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 (“Exchange Act”). |
☐ |
If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. |
|
New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing). |
|
Common Shares |
PIMCO Dynamic Income Fund |
PDI |
|
Page |
1 | |
36 | |
37 | |
39 | |
39 | |
39 | |
40 | |
63 | |
66 | |
98 | |
100 | |
103 | |
104 | |
105 | |
105 | |
106 | |
107 | |
107 | |
108 | |
109 | |
111 | |
111 | |
111 | |
111 | |
A-1 |
Sales load ( |
[- ] |
Offering Expenses Borne by Common Shareholders (as a percentage of offering price)(2) |
[- ] |
Dividend Reinvestment Plan Fees(3) |
|
|
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 |
$ |
$ |
$ |
$ |
|
|
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 |
Total |
PIMCO Dynamic Income Fund (Consolidated) |
|
|
|
| ||||
06/30/2023 |
$19.72 |
$2.23 |
$(1.56) |
$0.67 |
$(3.30) |
$0.00 |
$0.00 |
$(3.30) |
06/30/2022 |
25.23 |
2.84 |
(5.77) |
(2.93) |
(2.65) |
0.00 |
0.00 |
(2.65) |
06/30/2021 |
22.59 |
2.51 |
2.57 |
5.08 |
(2.52) |
0.00 |
(0.13) |
(2.65) |
06/30/2020 |
28.29 |
2.92 |
(5.80) |
(2.88) |
(3.07) |
0.00 |
0.00 |
(3.07) |
06/30/2019 |
28.98 |
2.73 |
(0.37) |
2.36 |
(3.15) |
0.00 |
0.00 |
(3.15) |
06/30/2018 |
28.32 |
2.95 |
0.18 |
3.13 |
(2.65) |
0.00 |
0.00 |
(2.65) |
06/30/2017 |
26.56 |
2.60 |
3.18 |
5.78 |
(4.10) |
0.00 |
0.00 |
(4.10) |
06/30/2016 |
31.38 |
3.87 |
(3.45) |
0.42 |
(4.25) |
(0.99) |
0.00 |
(5.24) |
04/01/2015 – 06/30/2015(f) |
30.74 |
0.80 |
0.47 |
1.27 |
(0.63) |
0.00 |
0.00 |
(0.63) |
03/31/2015 |
32.11 |
3.25 |
(0.49) |
2.76 |
(4.13) |
0.00 |
0.00 |
(4.13) |
03/31/2014 |
30.69 |
3.70 |
1.24 |
4.94 |
(3.29) |
(0.23) |
0.00 |
(3.52) |
|
|
Common Share |
|
Ratios/Supplemental Data |
| |||||||
|
|
|
|
Ratios to Average Net Assets |
| |||||||
Increase resulting from Common Share 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 End of Year or Period (000s) |
Expenses(e) |
Expenses Excluding Waivers(e) |
Expenses Excluding Interest Expenses |
Expenses Excluding Interest Expense and Waivers |
Net Investment Income (Loss) |
Portfolio Turnover Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
$0.18 |
$0.00 |
$17.27 |
$18.75 |
7.22 % |
$4,578,482 |
5.12 % |
5.12 % |
1.92 % |
1.92 % |
12.10 % |
20 % | |
0.07 |
0.00 |
19.72 |
20.87 |
(19.10 ) |
4,466,886 |
2.64 (g) |
2.64 (g) |
2.00 (g) |
2.00 (g) |
12.28 |
27 | |
0.21 |
0.00 |
25.23 |
28.81 |
29.29 |
1,781,435 |
2.78 |
2.78 |
2.04 |
2.04 |
10.36 |
38 | |
0.25 |
0.00 |
22.59 |
24.72 |
(14.18 ) |
1,375,107 |
3.72 |
3.72 |
1.99 |
1.99 |
11.44 |
21 | |
0.10 |
(0.00 ) |
28.29 |
32.15 |
12.03 |
1,603,368 |
3.96 |
3.96 |
1.89 |
1.89 |
9.70 |
12 | |
0.18 |
(0.00 ) |
28.98 |
31.87 |
15.54 |
1,575,523 |
4.07 |
4.07 |
2.01 |
2.01 |
10.26 |
9 | |
0.08 |
0.00 |
28.32 |
30.18 |
27.07 |
1,372,674 |
4.08 |
4.08 |
2.14 |
2.14 |
9.58 |
20 | |
N/A |
N/A |
26.56 |
27.57 |
13.75 |
1,222,499 |
3.60 |
3.60 |
2.12 |
2.12 |
13.67 |
13 | |
N/A |
N/A |
31.38 |
29.21 |
2.87 |
1,426,891 |
2.83 |
2.83 |
2.01 |
2.01 |
10.23 |
5 | |
N/A |
N/A |
30.74 |
29.00 |
9.04 |
1,397,987 |
3.12 |
3.12 |
2.12 |
2.12 |
9.98 |
10 | |
N/A |
N/A |
32.11 |
30.32 |
9.62 |
1,458,961 |
3.15 |
3.15 |
2.17 |
2.17 |
11.90 |
18 |
Assumed Portfolio Total Return |
(10.00)% |
(5.00)% |
0.00% |
5.00% |
10.00% |
Common Share Total Return |
( |
( |
( |
|
|
Portfolio Manager |
Since |
Title |
Recent Professional Experience |
Daniel J. Ivascyn |
2012 (Inception) |
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. |
Joshua Anderson |
2012 (Inception) |
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. |
Alfred T. Murata |
2012 (Inception) |
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. |
Title of Class |
Amount Authorized |
Amount Outstanding |
|
Unlimited |
|
|
Common share market price(1) |
Common share net asset value |
Premium (discount) as a % of net asset value | |||
Quarter |
High |
Low |
High |
Low |
High |
Low |
Quarter ended June 30, 2023 |
$ |
$ |
$ |
$ |
|
|
Quarter ended March 31, 2023 |
$ |
$ |
$ |
$ |
|
|
Quarter ended December 31, 2022 |
$ |
$ |
$ |
$ |
|
|
|
Common share market price(1) |
Common share net asset value |
Premium (discount) as a % of net asset value | |||
Quarter |
High |
Low |
High |
Low |
High |
Low |
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 |
$ |
$ |
$ |
$ |
|
|
Name, Year of Birth and Class |
Position(s) Held with the Fund |
Term of Office and Length of Time Served** |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee |
Other Directorships Held by Trustee During the Past 5 Years |
Deborah A. DeCotis 1952 Class III |
Chair of the Board, Trustee |
Chair, Since 2019 Trustee, Since 2012 |
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); and Director, Cadre Inc., a manufacturer of safety equipment (since 2022). 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). |
30 |
Trustee, Allianz Funds (2011-2021); Trustee, Virtus Funds (2021-Present) |
Sarah E. Cogan 1956 Class III |
Trustee |
Since 2019 |
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). |
30 |
Trustee, Allianz Funds (2019-2021); Trustee, Virtus Funds (2021-Present) |
Joseph B. Kittredge, Jr. 1954 Class II |
Trustee |
Since 2020 |
Trustee (since 2019) and Governance Committee (since 2020), Vermont Law School (since 2019); 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); and President and Chief Executive Officer, GMO Series Trust (platform based mutual funds) (2011-2013). |
30 |
Trustee, GMO Trust (2010- 2018); Chairman of the Board of Trustees, GMO Series Trust (2011- 2018) |
Name, Year of Birth and Class |
Position(s) Held with the Fund |
Term of Office and Length of Time Served** |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee |
Other Directorships Held by Trustee During the Past 5 Years |
Kathleen A. McCartney 1955 Class I |
Trustee |
Since 2022 |
Director (since 2013) and President (since 2020), Five Colleges, Inc., consortium of liberal arts colleges and universities; President Emerita, Smith College (since 2023). Formerly, President, Smith College (2013-2023); 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). |
30 |
None |
Alan Rappaport 1953 Class I |
Trustee |
Since 2010 |
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). |
30 |
Trustee, Allianz Funds (2010-2021); Trustee, Virtus Closed-End Funds (2021-2023) |
Name, Year of Birth and Class |
Position(s) Held with the Fund |
Term of Office and Length of Time Served** |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee |
Other Directorships Held by Trustee During the Past 5 Years |
E. Grace Vandecruze 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); Director, Link Logistic 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); Director, Wharton Graduate Executive Board; Chief Financial Officer, ShoulderUp Technology Acquisition Corp, a special purpose acquisition company (since 2021); and Director, Blackstone Private Equity Strategies Fund L.P. (since 2022). Formerly, Director, Resolution Holdings (2015-2019); Director and Member of the Audit Committee and the Wealth Solutions Advisory Committee, M Financial Group, a life insurance company (2015-2021); Chief Financial Officer, Athena Technology Acquisition Corp, a special purpose acquisition company (2021-2022); and Director, SBLI USA, a life insurance company (2015-2018). |
30 |
None |
Name, Address and Year of Birth |
Position(s) Held with the Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee |
Other Directorships Held by Trustee During the Past 5 Years |
Libby D. Cantrill****(1) 1977 Class III |
Trustee |
Since June 2023 |
Managing Director, Head of Public Policy, PIMCO (since 2007); Institutional Account Manager, PIMCO (2007-2010); Legislative Aide, House of Representatives (2003-2005); Investment Banking Analyst, Morgan Stanley (2000-2003). |
30 |
Member of the Board of Directors, Covenant House New York (2021-Present); Member of the Board, Securities Industry and Financial Markets Association (2022-Present) |
David N. Fisher**** 1968 Class II |
Trustee |
Since 2019 |
Managing Director and Co-Head of U.S. Global Wealth Management Strategic Accounts, PIMCO (since 2021); and Director, Court Appointed Special Advocates (CASA) of Orange County, a non-profit organization (since 2015). Formerly, Managing Director and Head of Traditional Product Strategies, PIMCO (2015-2021); Global Bond Strategist, PIMCO (2008-2015); and Managing Director and Head of Global Fixed Income, HSBC Global Asset Management (2005-2008). |
30 |
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 2019 |
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 Flexible Real Estate Income Fund. |
Keisha Audain-Pressley 1975 |
Chief Compliance Officer |
Since 2018 |
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, PIMCO Flexible Real Estate Income Fund and PIMCO Capital Solutions BDC Corp. |
Ryan G. Leshaw1 1980 |
Chief Legal Officer |
Since 2019 |
Executive Vice President and Senior Counsel, PIMCO. Chief Legal Officer, PIMCO-Managed Funds, PIMCO Flexible Real Estate Income Fund 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. Ratner 1976 |
Senior Vice President |
Since 2019 |
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 2019 |
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 2018 |
Senior Vice President and Senior Counsel, PIMCO. Vice President, Senior Counsel and Secretary, PIMCO-Managed Funds, PIMCO Flexible Real Estate Income Fund 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. Burrill 1980 |
Vice President |
Since 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, PIMCO Flexible Real Estate Income Fund 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, PIMCO Flexible Real Estate Income Fund and PIMCO Capital Solutions BDC Corp. |
Jason R. Duran1 1977 |
Vice President |
Since March 2023 |
Vice President, PIMCO. Vice President, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, PIMCO-Sponsored Interval Funds and PIMCO-Sponsored Closed-End Funds. |
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, PIMCO Flexible Real Estate Income Fund 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 |
Kenneth W. Lee1 1972 |
Vice President |
Since 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, PIMCO Flexible Real Estate Income Fund and PIMCO Capital Solutions BDC Corp. |
Greg J. Mason2 1980 |
Vice President |
Since March 2023 |
Senior Vice President, PIMCO. Vice President, PIMCO Managed Accounts Trust, PIMCO-Sponsored Interval Funds, PIMCO-Sponsored Closed-End Funds and PIMCO Flexible Real Estate Income Fund. |
Brian J. Pittluck1 1977 |
Vice President |
Since 2020 |
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, PIMCO Flexible Real Estate Income Fund and PIMCO Capital Solutions BDC Corp. |
Keith A. Werber1 1973 |
Vice President |
Since 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, PIMCO Flexible Real Estate Income Fund and PIMCO Capital Solutions BDC Corp. |
Bijal Parikh1 1978 |
Treasurer |
Since 2021 |
Executive Vice President, PIMCO. Treasurer, PIMCO-Managed Funds, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Flexible Real Estate Income Fund. |
Brandon T. Evans1 1982 |
Deputy Treasurer |
Since 2022 |
Senior Vice President, PIMCO. Deputy Treasurer, PIMCO-Managed Funds. Assistant Treasurer, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT and PIMCO Flexible Real Estate Income Fund. |
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 |
Erik C. Brown2 1967 |
Assistant Treasurer |
Since 2015 |
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, PIMCO Flexible Real Estate Income Fund and PIMCO Capital Solutions BDC Corp. |
Maria M. Golota 1983 |
Assistant Treasurer |
Since February 2023 |
Vice President, PIMCO/ Assistant Treasurer, PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, PIMCO-Sponsored Interval Funds, PIMCO-Sponsored Closed-End Funds and PIMCO Flexible Real Estate Income Fund. |
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 |
|
|
Sarah E. Cogan |
$10,001 - $50,000 |
Over $100,000 |
Deborah A. DeCotis |
Over $100,000 |
Over $100,000 |
Joseph B. Kittredge, Jr. |
None |
$50,001–$100,000 |
Kathleen A. McCartney(2) |
None |
None |
William B. Ogden, IV(3) |
None |
$50,001-$100,000 |
Alan Rappaport |
$50,001 - $100,000 |
Over $100,000 |
E. Grace Vandecruze |
None |
None |
Interested Trustees |
|
|
Libby D. Cantrill(4) |
None |
None |
John C. Maney(5) |
Over $100,000 |
Over $100,000 |
David N. Fisher |
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 |
Sarah E. Cogan |
None |
N/A |
N/A |
N/A |
N/A |
Deborah A. DeCotis |
None |
N/A |
N/A |
N/A |
N/A |
Joseph B. Kittredge, Jr. |
None |
N/A |
N/A |
N/A |
N/A |
Kathleen A. McCarthy(1) |
None |
N/A |
N/A |
N/A |
N/A |
William B. Ogden, IV(2) |
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 |
Alan Rappaport |
None |
N/A |
N/A |
N/A |
N/A |
E. Gace Vandecruze |
None |
N/A |
N/A |
N/A |
N/A |
Beneficial Owner |
Class |
Percentage of Class |
NATIONAL FINANCIAL SERVICES LLC 200 LIBERTY ST, ONE WORLD FINANCIAL CENTER NEW YORK NY 10281-1003 |
Common |
19.23% |
CHARLES SCHWAB & CO INC 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Common |
14.26% |
MORGAN STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER,PLAZA 2 JERSEY CITY, NJ 07311 |
Common |
12.75% |
TD AMERITRADE INC PO BOX 2226 OMAHA NE 68103-2226 |
Common |
8.77% |
MERRILL LYNCH PROFESSIONAL CLEARING CORP. 222 BROADWAY NEW YORK, NY 10038 |
Common |
6.03% |
PERSHING LLC 1 PERSHING PLZ JERSEY CITY, NJ 07399-000 |
Common |
5.74% |
Name of Trustee(1) |
Aggregate Compensation from the Fund for the Fiscal Year Ended June 30, 2023 |
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 Ending December 31, 2022 |
Sarah E. Cogan |
$56,030 |
N/A |
N/A |
$275,000 |
Deborah A. DeCotis |
$66,217 |
N/A |
N/A |
$325,000 |
Joseph B. Kittredge, Jr. |
$58,067 |
N/A |
N/A |
$250,000 |
Kathleen A. McCartney(2) |
$50,936 |
N/A |
N/A |
$125,000 |
William B. Ogden, IV(3) |
$26,494 |
N/A |
N/A |
$260,000 |
Name of Trustee(1) |
Aggregate Compensation from the Fund for the Fiscal Year Ended June 30, 2023 |
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 Ending December 31, 2022 |
Alan Rappaport |
$52,973 |
N/A |
N/A |
$260,000 |
E. Grace Vandecruze |
$51,954 |
N/A |
N/A |
$250,000 |
Fiscal Year |
Management Fee Paid by Fund (in thousands) |
June 30, 2023 |
$85,961 |
June 30, 2022 |
$71,433 |
June 30, 2021 |
$32,859 |
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) |
Joshua Anderson |
|
|
|
|
Registered Investment Companies |
8 |
$144,493.90 |
0 |
$0.00 |
Other Pooled Investment |
16 |
$18,048.36 |
10 |
$12,767.28 |
Vehicles Other Accounts |
1 |
$0.11 |
0 |
$0.00 |
Daniel J. Ivascyn |
|
|
|
|
Registered Investment Companies |
20 |
$161,155.36 |
0 |
$0.00 |
Other Pooled Investment |
23 |
$92,053.82 |
10 |
$18,133.06 |
Vehicles Other Accounts |
29 |
$37,573.50 |
1 |
$314.95 |
Alfred T. Murata |
|
|
|
|
Registered Investment Companies |
21 |
$164,984.24 |
0 |
$0.00 |
Other Pooled Investment |
22 |
$45,379.20 |
5 |
$9,569.39 |
Vehicles Other Accounts |
5 |
$1,014.08 |
0 |
$0.00 |
Name of Portfolio Manager |
Dollar Range of Equity Securities in the Fund |
Joshua Anderson |
Over $100,000 |
Daniel J. Ivascyn |
Over $100,000 |
Alfred T. Murata |
Over $100,000 |
Broker or Dealer |
Value of Securities Held by the Fund as of June 30, 2023 ($000) |
BNP Paribas Securities Corp. |
$367,100 |
Banc of America Securities LLC |
329,669 |
JPMorgan Chase & Co. |
259,613 |
Credit Suisse (USA), Inc. |
169,995 |
Morgan Stanley & Co., Inc. |
147,629 |
Citigroup Global Markets, Inc. |
120,127 |
Goldman Sachs & Co. |
100,188 |
Deutsche Bank Securities, Inc. |
50,517 |
HSBC Securities (USA), Inc. |
20,900 |
Barclays, Inc. |
12,985 |
Nomura Securities International Inc. |
8,088 |
State Street Bank & Trust Co. |
3,856 |
UBS Securities LLC |
250 |
2. |
Exhibits: |
|
|
a.1 |
|
|
a.2 |
|
|
a.3 |
|
|
a.4 |
|
|
a.5 |
|
|
a.6 |
|
|
a.7 |
|
|
a.8 |
|
|
a.9 |
|
|
a.10 |
|
|
a.11 |
|
|
b. |
|
|
c. |
None. |
|
d.1 |
|
|
d.2 |
|
|
d.3 |
|
|
e. |
|
|
f. |
None. |
|
g.1 |
|
|
g.2 |
|
|
g.3 |
|
g.4 |
|
|
h. |
|
|
i. |
None. |
|
j.1 |
|
|
j.2 |
|
|
k.1 |
|
|
k.2 |
|
|
k.3 |
|
|
k.4 |
|
|
k.5 |
|
|
l. |
|
|
m. |
None. |
|
n. |
|
|
o. |
None. |
|
p. |
|
|
q. |
None. |
|
r.1 |
|
|
r.2 |
|
|
r.3 |
|
|
s. |
|
|
t.1 |
|
|
t.2 |
|
|
t.3 |
|
|
u. |
|
(1) |
||
(2) |
||
(3) |
||
(4) |
||
(5) |
||
(6) |
Incorporated by reference to the Registrant's Registration Statement on Form N-2, File Nos. 333-265802 and |
(7) |
Incorporated by reference to the Registrant’s Registration Statement on Form N-14, Registration No. | |
* |
Filed herewith. |
Securities and Exchange Commission Fees |
$185,000 |
Financial Industry Regulatory Authority, Inc. Fees |
$225,500 |
Printing and Engraving Expenses |
$15,000 |
Legal Fees |
$250,000 |
New York Stock Exchange Fees |
$418,542 |
Accounting Expenses |
$51,000 |
Transfer Agent Fees |
- |
Marketing Expenses |
- |
Miscellaneous Expenses |
- |
Total |
$1,145,442 |
Title of Class |
Number of Record Holders |
Common Shares, par value $0.00001 |
139 |
PIMCO DYNAMIC INCOME FUND | |
By: |
Eric D. Johnson* |
Name: |
Eric D. Johnson |
Title: |
President |
Name |
Capacity |
Date |
Eric D. Johnson* Eric D. Johnson |
President (Principal Executive Officer) |
September 28, 2023 |
Bijal Parikh* Bijal Parikh |
Treasurer (Principal Financial & Accounting Officer) |
September 28, 2023 |
Libby D. Cantrill* Libby D. Cantrill |
Trustee |
September 28, 2023 |
Sarah E. Cogan* Sarah E. Cogan |
Trustee |
September 28, 2023 |
Deborah A. DeCotis* Deborah A. DeCotis |
Trustee |
September 28, 2023 |
David N. Fisher* David N. Fisher |
Trustee |
September 28, 2023 |
Joseph B. Kittredge, Jr.* Joseph B. Kittredge, Jr. |
Trustee |
September 28, 2023 |
Kathleen McCartney Kathleen McCartney |
Trustee |
September 28, 2023 |
Alan Rappaport* Alan Rappaport |
Trustee |
September 28, 2023 |
Grace Vandecruze* Grace Vandecruze |
Trustee |
September 28, 2023 |
*By: |
/s/ David C. Sullivan David C. Sullivan as attorney-in-fact |
Exhibit |
Exhibit Name |
a.8 |
Notice of Change of Trustees dated July 18, 2022. |
a.9 |
Notice of Change of Trustees dated March 13, 2023. |
a.10 |
Notice of Change of Trustees dated May 8, 2023. |
a.11 |
Notice of Change of Trustees dated July 3, 2023. |
h. |
Third Amended and Restated Sales Agreement between Registrant and JonesTrading Institutional Services LLC dated September 28, 2023. |
l. |
Opinion and Consent of Ropes & Gray LLP. |
n. |
Consent of independent registered public accounting firm. |
s. |
Filing Fee Table. |
t.1 |
Powers of Attorney for Libby D. Cantrill, Sarah E. Cogan, Deborah A. DeCotis, David N. Fisher, Joseph B. Kittredge, Jr., Kathleen A. McCartney, Alan Rappaport, and Grace Vandecruze. |
t.2 |
Power of Attorney for Eric D. Johnson. |
t.3 |
Power of Attorney for Bijal Parikh. |
u. |
Certified Resolution of the Board of Trustees of Registrant. |