PIMCO Access Income Fund brings together public and private credit, including corporate loans and mortgage-related investments. Borrower payments are the starting point for its monthly income, while the less liquid private holdings make portfolio valuations worth following too.
Business
Multi-sector credit CEF
Listing
PAXS · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
PAXS collects interest from a flexible credit portfolio. Financing and fund expenses reduce what is left as net investment income for common shareholders. Private-credit values and realized investment results also matter when judging what shareholders receive over time.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$1.60
Jul 1, 2025 to Jun 30, 2026
$0.00$1.60
Distribution yield13.07%Sourced distributions divided by dated market priceTrailing 12-month income yield12.13%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $13.1900 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$1.60Per share for 2026 FY. Excludes investment gains.Annual dividend$1.79Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Oct 1, 2026
$0.1494
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read PAXS income
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Fund net investment income per common share; actual reporting period, not annualized$1.6000
$0.00$1.60
For the year ended June 30, 2026, PAXS reported $1.60 of net investment income per share and $1.79 of regular cash distributions. Recurring portfolio income covered most, but not all, of the year's regular payment. The next report will show whether that gap narrows.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 38.72%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
PIMCO Access Income Fund reported $1.6000 per share for 2025-07-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next full-year net investment income with regular distributions. Then look at credit results, financing costs and NAV, including how the private holdings were valued.
Net asset value (NAV)
NAV per share$14.12Sep 29, 2026Market price$13.19Sep 29, 2026PREMIUM / DISCOUNT TO NAV6.59% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next full-year net investment income with regular distributions. Then look at credit results, financing costs and NAV, including how the private holdings were valued.
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U.S. federal · Tax year 2025 · Selected payments only
Dividend tax treatment
For six payments from February through July 2025, PIMCO reported $0.132164 of return of capital out of $0.8964 distributed per common share.
These figures cover only the February through July 2025 payments. They describe $0.8964 per share across 6 payments, not the full 2025 tax mix. The company form identifies return of capital for these six payments only. It does not classify the rest of the payments as ordinary dividends, or tell us the full calendar-year mix. Use your Form 1099-DIV for the full year. See the company's tax filing.
Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
14.74%
The payments named above have company-backed tax information, and that is worth seeing. Other 2025 payments may have a different mix, so we have not extended these percentages beyond the dates the source actually covers. Your full-year tax statement completes the story.
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
