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Pacific Investment Management Company, LLC (commonly known as PIMCO) is a renowned investment management firm, headquartered in Newport Beach, California. The company was founded in 1971. In 2000, the company was acquired by Allianz Asset Management of America L.P. However, it continues to operate as an autonomous subsidiary of Allianz. It boasts more than 2,000 employees working in 13 offices across 12 countries. It manages assets worth nearly $1.52 trillion. It offers a broad lineup of investment solutions to its clients that encompass the entire gamut of equities, bonds, currencies, real estates, alternative investments and risk management.
Below we share with you three top-rated PIMCO mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all PIMCO funds, investors can click here to see the complete list of PIMCO funds.
PIMCO High Yield A (PHDAX - Free Report) invests a major portion of its assets in junk bonds that may be represented by forwards or derivatives. PHDAX may invest a maximum 20% of its assets in securities rated Caa or below by Moody's, or equivalently rated by S&P or Fitch. PHDAX seeks total return, with preservation of capital. The PIMCO High Yield A fund has a three-year annualized return of 2.7%.
Andrew Jessop is the fund manager of PHDAX since 2010.
PIMCO Real Estate Real Return Strategy A (PETAX - Free Report) seeks to provide maximum real return. PETAX invests in real estate-linked derivatives and a basket of inflation-indexed securities to achieve its investment objective. PETAX also invests in Fixed Income Instruments including bonds and debt instruments issued by domestic or foreign public and private sector entities. The PIMCO Real Estate Real Return Strategy A has a three-year annualized return of almost 9%.
As of December 2015, PETAX held 428 issues with 28.36% of its assets invested in Dwrtft Trs Equity 1ml+32 Boa.
PIMCO High Yield Municipal Bond A (PYMAX - Free Report) invests a major portion of its assets in debt obligations that are expected to provide income that are free from federal income tax. PYMAX may invest in investment grade municipal bonds and not more than 30% of its assets in "private activity" bonds. The PIMCO High Yield Municipal Bond A fund has a three-year annualized return of 5.2%.
PYMAX has an expense ratio of 0.85% as compared to the category average of 0.94%.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
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3 Top-Ranked PIMCO Mutual Funds to Invest In
Pacific Investment Management Company, LLC (commonly known as PIMCO) is a renowned investment management firm, headquartered in Newport Beach, California. The company was founded in 1971. In 2000, the company was acquired by Allianz Asset Management of America L.P. However, it continues to operate as an autonomous subsidiary of Allianz. It boasts more than 2,000 employees working in 13 offices across 12 countries. It manages assets worth nearly $1.52 trillion. It offers a broad lineup of investment solutions to its clients that encompass the entire gamut of equities, bonds, currencies, real estates, alternative investments and risk management.
Below we share with you three top-rated PIMCO mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all PIMCO funds, investors can click here to see the complete list of PIMCO funds.
PIMCO High Yield A (PHDAX - Free Report) invests a major portion of its assets in junk bonds that may be represented by forwards or derivatives. PHDAX may invest a maximum 20% of its assets in securities rated Caa or below by Moody's, or equivalently rated by S&P or Fitch. PHDAX seeks total return, with preservation of capital. The PIMCO High Yield A fund has a three-year annualized return of 2.7%.
Andrew Jessop is the fund manager of PHDAX since 2010.
PIMCO Real Estate Real Return Strategy A (PETAX - Free Report) seeks to provide maximum real return. PETAX invests in real estate-linked derivatives and a basket of inflation-indexed securities to achieve its investment objective. PETAX also invests in Fixed Income Instruments including bonds and debt instruments issued by domestic or foreign public and private sector entities. The PIMCO Real Estate Real Return Strategy A has a three-year annualized return of almost 9%.
As of December 2015, PETAX held 428 issues with 28.36% of its assets invested in Dwrtft Trs Equity 1ml+32 Boa.
PIMCO High Yield Municipal Bond A (PYMAX - Free Report) invests a major portion of its assets in debt obligations that are expected to provide income that are free from federal income tax. PYMAX may invest in investment grade municipal bonds and not more than 30% of its assets in "private activity" bonds. The PIMCO High Yield Municipal Bond A fund has a three-year annualized return of 5.2%.
PYMAX has an expense ratio of 0.85% as compared to the category average of 0.94%.
To view the Zacks Rank and past performance of all PIMCO mutual funds, investors can click here to see the complete list of funds .
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.