PIMCO Investment Grade Corporate Bond A (PBDAX - Free Report) a Zacks Rank #1 (Strong Buy) invests the majority of its assets in a diversified portfolio of investment grade corporate fixed income securities of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.
The PIMCO Investment Grade Corporate Bond A fund, managed by PIMCO Funds, carries an expense ratio of 0.90%. Moreover, PBDAX requires a minimal initial investment of $1,000.
PBDAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 9.49%, 3 year 5.86% and 5 year 6.26%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
PBDAX’s performance, as of the last filing, when compared to funds in its category was in the top 7% in 1 year, top 4% over the past 3 years, and in the 5% over the past 5 years.
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