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3 Best Mutual Funds from The PIMCO Clan

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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 across the globe with the help of more than 2,500 employees. PIMCO had around $1.76 trillion assets under management as of Mar 31, 2018.

PIMCO offers a broad lineup of investment solutions for 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) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of PIMCO funds.

PIMCO StocksPLUS A (PSPAX - Free Report) seeks returns higher than that of the S&P 500 Index. The fund focuses on fixed income instruments like bonds, debt securities and other similar instruments issued by various domestic and foreign public- or private-sector entities. PSPAX normally invests about 30% of its assets in securities denominated in foreign currencies. PIMCO StocksPLUS A has three-year annualized returns of 11.5%.

Mohsen Fahmi is one of the fund managers of PSPAX since 2018.

PIMCO RAE US Small A (PMJAX - Free Report) seeks long-term capital growth by investing at least 80% of its net assets in equity securities of small companies situated in the United States. The fund primarily aims to gain exposure to a portfolio of stocks belonging to small American companies. PMJAX has three-year annualized returns of 6.8%.

As of Mar 31, 2019, PMJAX held 956 issues, with 0.64% of its assets invested in Rent-A-Center Inc.

PIMCO Fixed Income SHares M (FXIMX - Free Report) seeks maximum total return consistent with capital preservation and prudent investment management. The fund invests a majority of its assets in a portfolio of U.S. and non-U.S. fixed income instruments of varying maturities. FXIMX has three-year annualized returns of 6.2%.

FXIMXhas an expense ratio of 0.31% compared with the category average of 1.04%.

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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