PIMCO Access Income Fund (PAXS) - Net Assets
Based on the latest financial reports, PIMCO Access Income Fund (PAXS) has net assets worth $694.86 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.19 Billion) and total liabilities ($498.03 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read total liabilities of PIMCO Access Income Fund for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $694.86 Million |
| % of Total Assets | 58.25% |
| Annual Growth Rate | -2.8% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.99 |
PIMCO Access Income Fund - Net Assets Trend (2022–2025)
This chart illustrates how PIMCO Access Income Fund's net assets have evolved over time, based on quarterly financial data. Also explore PAXS total assets for the complete picture of this company's asset base.
Annual Net Assets for PIMCO Access Income Fund (2022–2025)
The table below shows the annual net assets of PIMCO Access Income Fund from 2022 to 2025. For live valuation and market cap data, see PIMCO Access Income Fund stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $694.86 Million | +4.86% |
| 2024-06-30 | $662.63 Million | +1.34% |
| 2023-06-30 | $653.89 Million | -13.58% |
| 2022-06-30 | $756.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PIMCO Access Income Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6683600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $884.71 Million | 127.32% |
| Total Equity | $694.86 Million | 100.00% |
PIMCO Access Income Fund Competitors by Market Cap
The table below lists competitors of PIMCO Access Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Merlin, Inc.
NASDAQ:MRLN
|
$658.94 Million |
|
Dook Media Group Limited
SHE:301025
|
$659.00 Million |
|
Anhui Gourgen Traffic Construction Co Ltd
SHG:603815
|
$659.34 Million |
|
Guangzhou Hangxin Aviation Technology Co Ltd
SHE:300424
|
$659.76 Million |
|
Zhejiang Orient Gene Biotech Co Ltd
SHG:688298
|
$658.74 Million |
|
Zheshang Development Group Co Ltd
SHE:000906
|
$658.38 Million |
|
BCPG Public Company Limited
BK:BCPG
|
$658.30 Million |
|
Wiscom System Co Ltd
SHE:002090
|
$658.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PIMCO Access Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 662,635,000 to 694,861,000, a change of 32,226,000 (4.9%).
- Net income of 89,256,000 contributed positively to equity growth.
- Dividend payments of 74,151,000 reduced retained earnings.
- New share issuances of 17,340,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $89.26 Million | +12.85% |
| Dividends Paid | $74.15 Million | -10.67% |
| Share Issuances | $17.34 Million | +2.5% |
| Other Changes | $-219.00K | -0.03% |
| Total Change | $- | 4.86% |
Book Value vs Market Value Analysis
This analysis compares PIMCO Access Income Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | $17.20 | $14.75 | x |
| 2023-06-30 | $14.08 | $14.75 | x |
| 2024-06-30 | $15.01 | $14.75 | x |
| 2025-06-30 | $15.65 | $14.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PIMCO Access Income Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.58%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.72x
- Recent ROE (12.85%) is above the historical average (2.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -13.54% | 0.00% | -0.08x | 1.75x | $-178.14 Million |
| 2023 | -0.64% | 0.00% | 0.00x | 1.94x | $-69.57 Million |
| 2024 | 12.99% | 72.97% | 0.10x | 1.84x | $19.84 Million |
| 2025 | 12.85% | 77.58% | 0.10x | 1.72x | $19.77 Million |
Industry Comparison
This section compares PIMCO Access Income Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $927,315,150
- Average return on equity (ROE) among peers: -2.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PIMCO Access Income Fund (PAXS) | $694.86 Million | -13.54% | 0.72x | $658.93 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $490.71 Million | 39.40% | 0.48x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $651.26 Million | 0.46% | 0.16x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $154.40 Million | -92.46% | 0.19x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.56 Million | -137.00% | 1.03x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $536.78 Million | 13.45% | 0.69x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.45 Billion | 10.45% | 10.54x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $602.83 Million | 14.44% | 3.67x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $-641.09 Million | 0.00% | 0.00x | $2.65 Billion |
About PIMCO Access Income Fund
PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying matu… Read more