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3 PIMCO Mutual Funds That Deserve a Place in Your Portfolio

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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 2,800 employees. PIMCO had around $2.02 trillion assets under management as of Sep 30, 2020.

PIMCO offers a broad lineup of investment solutions for the entire gamut of equities, bonds, currencies, real estate, alternative investments and risk-management services. 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 funds.

PIMCO Diversified Income Fund Class C (PDICX - Free Report) seeks to maximize total return on investment, which is on par with preservation of capital. The fund invests the majority of its assets in a diverse portfolio of Fixed Income Instruments of varying maturities. It may also invest in investment-grade as well as high-yield securities. PDICX has three-year annualized returns of 4.4%.

As of the end of September 2020, PDICX held 2,194 issues, with 2.99% of its assets invested in United States Treasury Notes 1.875%.

PIMCO Fixed Income SHares: Series M (FXIMX - Free Report) fund aims for maximum total return along with the preservation of capital and prudent investment management. The fund invests the majority of its assets in a portfolio of domestic and foreign fixed income instruments of varying maturities that include mortgage- and other asset-backed securities, corporate debt securities, and floating and variable rate debt instruments. FXIMX has returned 5.9% in the past three years.

FXIMX has an expense ratio of 0.06% compared with the category average of 1.00%.

PIMCO RAE US Small Fund Class A (PMJAX - Free Report) seeks long-term capital growth. The fund invests the majority of its assets in securities of small-capitalization companies. It particularly focuses on small-cap companies in the United States.  PMJAX has three-year annualized returns of 1.1%.

Robert D. Arnott is the fund manager of PMJAX since 2015.

To view the Zacks Rank and the past performance of all PIMCO mutual funds, investors can click here to see the complete list of funds.

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