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Founded in 1971, Pacific Investment Management Company, LLC or PIMCO is an internationally acclaimed investment management firm. The company provides a wide range of financial services in 11 countries with the help of more than 2,200 employees. PIMCO had around $1.69 trillion assets under management as of Sep 30, 2017.
PIMCO 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. Though the firm manages an array of mutual funds, it is best known for those based on fixed income.
PIMCO Municipal Bond A (PMLAX - Free Report) seeks high level of income free from federal income tax as well as preservation of capital. PMLAX invests a bulk of its assets in debt securities whose interest is exempted from federal income tax like muni bonds. The fund may also invest around one-fifth of its assets in money market instruments and U.S. government securities. PIMCO Municipal Bond A has a one-year annualized return of 3.9%.
As of June 2017, PMLAX held 5204 issues, with 2.62% of its assets invested in De Kalb Cnty Ga Wtr & Sew Rev Juni 5.25%.
PIMCO Foreign Bond (Unhedged) A (PFUAX - Free Report) seeks growth of return through preservation of capital and effective investment management. PFUAX invests a major portion of its assets in Fixed Income Instruments which are economically based in foreign countries. The fund may also invest around one-tenth of its assets in preferred securities. PIMCO Foreign Bond (Unhedged) A has a one-year annualized return of 5.2%.
Andrew Balls is one of the fund managers of PFUAX since 2014.
PIMCO StocksPLUS Small A (PCKAX - Free Report) invests in fixed income securities related to the Russell 2000 Index including bonds and other derivatives in order to derive a higher return than the index. PCKAX invests in securities from public as well as private sectors issued globally. The fund focuses on investing in those fixed income instruments, which are actively managed by PIMCO. PIMCO StocksPLUS A has a one-year annualized return of 20.3%.
PCKAX has an expense ratio of 1.09% compared with the category average of 1.23%.
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3 Best PIMCO Mutual Funds For Spectacular Returns
Founded in 1971, Pacific Investment Management Company, LLC or PIMCO is an internationally acclaimed investment management firm. The company provides a wide range of financial services in 11 countries with the help of more than 2,200 employees. PIMCO had around $1.69 trillion assets under management as of Sep 30, 2017.
PIMCO 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. Though the firm manages an array of mutual funds, it is best known for those based on fixed income.
Below we share with you three top-ranked PIMCO mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of PIMCO funds.
PIMCO Municipal Bond A (PMLAX - Free Report) seeks high level of income free from federal income tax as well as preservation of capital. PMLAX invests a bulk of its assets in debt securities whose interest is exempted from federal income tax like muni bonds. The fund may also invest around one-fifth of its assets in money market instruments and U.S. government securities. PIMCO Municipal Bond A has a one-year annualized return of 3.9%.
As of June 2017, PMLAX held 5204 issues, with 2.62% of its assets invested in De Kalb Cnty Ga Wtr & Sew Rev Juni 5.25%.
PIMCO Foreign Bond (Unhedged) A (PFUAX - Free Report) seeks growth of return through preservation of capital and effective investment management. PFUAX invests a major portion of its assets in Fixed Income Instruments which are economically based in foreign countries. The fund may also invest around one-tenth of its assets in preferred securities. PIMCO Foreign Bond (Unhedged) A has a one-year annualized return of 5.2%.
Andrew Balls is one of the fund managers of PFUAX since 2014.
PIMCO StocksPLUS Small A (PCKAX - Free Report) invests in fixed income securities related to the Russell 2000 Index including bonds and other derivatives in order to derive a higher return than the index. PCKAX invests in securities from public as well as private sectors issued globally. The fund focuses on investing in those fixed income instruments, which are actively managed by PIMCO. PIMCO StocksPLUS A has a one-year annualized return of 20.3%.
PCKAX has an expense ratio of 1.09% compared with the category average of 1.23%.
To view the Zacks Rank and past performance of all PIMCO mutual funds, investors can click here to see the complete list of funds.
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