Pimco Flexible Credit Income Fund

Sponsored by PIMCO. Interval Fund structure focused on private credit.

Interval FundPrivate Credit

Sponsor: PIMCO
CIK: 0001688554
Liquidity: Periodic repurchase offers at NAV
Inception: 2017

Net assets: $4.24B

source

Monthly portfolio report (Form N-PORT) · filed 2026-05-29 · period 2026-03-31

Net assets (N-PORT Part B, Item B.2)

Method Direct: read from a structured filing field

Open the filing on SEC.gov · Full observation history

Technical locator

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1688554/000109926326007343/xslFormNPORT-P_X01/primary_doc.xml
NAV / share: $7.11

source

Semiannual shareholder report (Form N-CSRS) · filed 2026-03-05 · period 2025-12-31

Consolidated Statement of Assets and Liabilities, PFLEX's own per-class block (identified as the largest-total-assets SAL in the bundled filing -- same block extract_pflex_leverage's accounting-identity reconciliation gate already verified): 'Net Asset Value Per Share Outstanding (a) : Institutional Class $ 7.11' (Class A-1 through A-4 disclose the identical value in this filing)

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

Consolidated Statement of Assets and Liabilities, PFLEX's own per-class block (identified as the largest-total-assets SAL in the bundled filing -- same block extract_pflex_leverage's accounting-identity reconciliation gate already verified): 'Net Asset Value Per Share Outstanding (a) : Institutional Class $ 7.11' (Class A-1 through A-4 disclose the identical value in this filing) | accession 0001193125-26-094229 | N-CSRS filed 2026-03-05
Net flows, last qtr: +6.4%
Distribution coverage (NII): Pending
Leverage in use: Pending
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

No current Urgent or Notify findings in filings reviewed through 2026-07-21.

Historical findings (6)

Redemptions prorated for the period ending 2023-08-09: 7.2% requested, only 94.1% of requests fulfilled. (2023-08-09)
Redemptions prorated for the period ending 2023-08-09: 7.2% requested, only 94.1% of requests fulfilled. The fund hit its redemption cap and rationed liquidity.

Net outflow of 5.2% of NAV in the period ended 2023-11-30.
Net outflow of 5.2% of NAV in the period ended 2023-11-30. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Net outflow of 5.3% of NAV in the period ended 2023-08-31.
Net outflow of 5.3% of NAV in the period ended 2023-08-31. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Net outflow of 5.4% of NAV in the period ended 2022-11-30.
Net outflow of 5.4% of NAV in the period ended 2022-11-30. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Redemptions accelerated to $203.9M from $122.7M the prior period (period ended 2022-11-30).
Redemptions accelerated to $203.9M from $122.7M the prior period (period ended 2022-11-30). (Rule C14: Redemption acceleration: repurchase/redemption dollars up >= 25%; Notify.)

Net outflow of 5.3% of NAV in the period ended 2020-11-30.
Net outflow of 5.3% of NAV in the period ended 2020-11-30. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

Net capital flows, % of NAV

Monthly performance eligibility

Canonical class: not designated · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after source-terms, class, date, and reconciliation gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

Rationed in 1 of 3 disclosed periods; last gated Q3 2023.

Requested redemptions versus cap

Period	Requested	Filled	Cap used	Status
2025-08-07	2.8%	100%	56%	filled
2024-08-07	4.3%	100%	86%	filled
2023-08-09	7.2%	94%	136%	rationed

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Borrowing source	Amount
Reverse repurchase agreements (repo borrowing)	$1,852,599,000
Total borrowings	$1,852,599,000

Synthetic exposure: gross notional $1,397,000 (0.0% of net assets), as of 2026-03-31. Audit

How to read these financing entries

Borrowings are balance-sheet obligations. An undrawn facility is standby liquidity and is not debt until used. Synthetic notional describes market exposure rather than an amount owed, while unconsolidated joint-venture carrying value is shown as context and is not added to fund debt.

06 / Share classes

How the offering is divided.

A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.

Pending

Management fee: 1.75% of average daily net assets (contractual ceiling; payable fee is the lesser-of formula) per year, current as of 2025-12-31. SEC source 0001193125-26-094229.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
not designated	1.75%	Pending	Pending	Pending	Pending	Pending

Fee component	Rate	Basis / class	Condition
Management · formula leg	1.30%	the Fund’s average daily “total managed assets” (as defined below)	lesser of
Management · formula leg	1.75%	the Fund’s average daily net assets (excluding daily net assets attributable to any preferred shares of the Fund that may be outstanding)	lesser of

SEC source 0001193125-26-094229

07 / Sources

The evidence beneath the page.

Filed terms and recent documents remain available without crowding the primary research flow.

Term register (1)

Term	Description	Value	Effective
advisory_fee_schedule	(3) Pursuant to an investment management agreement between the Manager and the Fund (the “Investment Management Agreement”), the Fund has agreed to pay to PIMCO an annual fee, payable monthly, in an amount equal to the lesser of (i) 1.30% of the Fund’s average daily “total managed assets” (as defined below) and (ii) 1.75% of the Fund’s average daily net assets (excluding daily net assets attributable to any preferred shares of the Fund that may be outstanding).	Text disclosure	2025-04-01

Recent filings

Filed	Form	Accession
2026-07-02	N-23C3A	0001193125-26-293846
2026-05-29	NPORT-P	0001099263-26-007343
2026-04-01	N-23C3A	0001193125-26-136758
2026-03-05	N-CSRS	0001193125-26-094229
2026-03-02	NPORT-P	0001099263-26-003116
2026-01-02	N-23C3A	0001193125-26-000731
2025-11-26	NPORT-P	0001099263-25-004580
2025-10-06	N-23C3A	0001193125-25-231398
2025-09-05	N-CSR	0001193125-25-196888
2025-08-29	NPORT-P	0001688554-25-000032
2025-07-07	N-23C3A	0001193125-25-156047
2025-05-30	NPORT-P	0001688554-25-000020
2025-04-07	N-23C3A	0001193125-25-074359
2025-03-06	N-CSRS	0001193125-25-047448
2025-03-03	NPORT-P	0001688554-25-000007