Pacific Investment Management Company, LLC (commonly known as PIMCO) is one of the well-known investment management firms across the globe. It offers a broad lineup 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 range, it is best known for its fixed income mutual funds. It boasts more than 2,200 employees working in 13 offices across 12 countries.
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. Investors can click here to see the complete list of PIMCO funds.
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 19.3%.
As of March 2016, PETAX held 442 issues with 29.47% of its assets invested in US Treasury Note.
PIMCO High Yield Municipal Bond A (PYMAX - Free Report) invests the lion’s share of its assets in debt obligations, which are expected to provide income that are free from federal income tax. The fund 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 has a three-year annualized return of 9.8%.
PYMAX has an expense ratio of 0.85% compared with the category average of 0.94%.
PIMCO Investment Grade Corp Bond A (PBDAX - Free Report) seeks maximum total return. The fund invests the majority of its assets in in a diversified portfolio of investment grade corporate fixed income securities of varying maturities. It may invest a maximum of 30% of its assets in securities denominated in foreign currencies. The PIMCO Investment Grade Corp Bond A has a three-year annualized return of 6.8%.
Mark Kiesel has been the fund manager of PBDAX since 2002.
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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