PIMCO or Pacific Investment Management Company, LLC is a well-known global investment management firm. It offers a broad line-up of investment solutions that encompass the entire gamut of equities, bonds, currencies, real estates, alternative investments and risk management.
Though the firm manages a large number of mutual funds across a wide spectrum, it is best known for fixed income mutual funds. It boasts more than 2,800 employees across 12 countries and has trading operations in North America, Europe and Asia. The company had around $1.91 trillion of assets under management as of Dec 31, 2019.
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 funds.
PIMCO Senior Floating Rate Fund Class A (PSRZX - Free Report) aims for high current income. The fund invests most of its assets in an actively managed portfolio of senior secured floating rate loans. It aims to offer risk-adjusted returns with a higher-quality orientation. PSRZX has three-year annualized returns of 3.8%.
PSRZX has an expense ratio of 1.05% compared with the category average of 1.07%.
PIMCO High Yield Fund Class A (PHDAX - Free Report) aims for maximum total return. The fund invests the majority of its assets in a diversified portfolio of high-yield securities. It may also invest the minority of its assets in securities rated Caa or below by Moody's or rated likewise by the S&P or Fitch. If the security is unrated, PIMCO determines its quality. PHDAX has returned 5.9% in the past three years.
As of Sep 30, 2019, PHDAX held 811 issues, with 2.80% of its assets invested in Cdx Hy32 5y Ice.
PIMCO Preferred and Capital Securities Fund Class A (PFANX - Free Report) aims for maximum total return. The fund invests the majority of its assets in a well-diversified portfolio of preferred securities and Capital Securities. Notably, Capital Securities are issued by U.S. and non-U.S. financial institutions. The fund may also invest a minority of its assets in common stocks. PFANX has three-year annualized returns of 9%.
Philippe Bodereau is the fund manager of PFANX since 2015.
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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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
PIMCO or Pacific Investment Management Company, LLC is a well-known global investment management firm. It offers a broad line-up of investment solutions that encompass the entire gamut of equities, bonds, currencies, real estates, alternative investments and risk management.
Though the firm manages a large number of mutual funds across a wide spectrum, it is best known for fixed income mutual funds. It boasts more than 2,800 employees across 12 countries and has trading operations in North America, Europe and Asia. The company had around $1.91 trillion of assets under management as of Dec 31, 2019.
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 funds.
PIMCO Senior Floating Rate Fund Class A (PSRZX - Free Report) aims for high current income. The fund invests most of its assets in an actively managed portfolio of senior secured floating rate loans. It aims to offer risk-adjusted returns with a higher-quality orientation. PSRZX has three-year annualized returns of 3.8%.
PSRZX has an expense ratio of 1.05% compared with the category average of 1.07%.
PIMCO High Yield Fund Class A (PHDAX - Free Report) aims for maximum total return. The fund invests the majority of its assets in a diversified portfolio of high-yield securities. It may also invest the minority of its assets in securities rated Caa or below by Moody's or rated likewise by the S&P or Fitch. If the security is unrated, PIMCO determines its quality. PHDAX has returned 5.9% in the past three years.
As of Sep 30, 2019, PHDAX held 811 issues, with 2.80% of its assets invested in Cdx Hy32 5y Ice.
PIMCO Preferred and Capital Securities Fund Class A (PFANX - Free Report) aims for maximum total return. The fund invests the majority of its assets in a well-diversified portfolio of preferred securities and Capital Securities. Notably, Capital Securities are issued by U.S. and non-U.S. financial institutions. The fund may also invest a minority of its assets in common stocks. PFANX has three-year annualized returns of 9%.
Philippe Bodereau is the fund manager of PFANX since 2015.
To view the Zacks Rank and past performance of all PIMCO mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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