PIMCO Income Fund Class C (PONCX) is a mutual fund that focuses on generating income for investors through a diversified portfolio of fixed income securities. Managed by PIMCO, one of the largest investment management firms in the world, this fund aims to provide a steady stream of income while also seeking to preserve capital. With a focus on high-quality, investment-grade bonds, PIMCO Income Fund Class C offers investors a conservative option for generating income in their portfolio.