Pacific Investment Management Company, LLC (commonly known as PIMCO) is a well-known global investment management firm. 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 fixed income mutual funds. It boasts more than 2,150 employees working in 11 countries and trading operations in North America, Europe and Asia. The company has around $1.61 trillion of assets under management (as of June 30, 2017).
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 PIMCO funds.
PIMCO Unconstrained Tax Managed Bond D (ATMDX - Free Report) seeks to maximize after-tax returns for the long run, which is consistent with preservation of capital and backed by sensible investment management. ATMDX invests a bulk of its assets in a portfolio consisting of Fixed Income Instruments of different maturities, including options, futures contracts or swap agreements. The fund invests both in investment-grade securities and high-yield securities with around two-fifth of its assets in securities rated below Baa by Moody's, or equivalently rated by S&P or Fitch. PIMCO Unconstrained Tax Managed Bond D has returned 2.8% in the last three-year period.
ATMDX has an expense ratio of 1.10% compared with the category average of 1.17%.
PIMCO Income D (PONDX - Free Report) invests a minimum of 65% of its assets in Fixed Income Instruments of different maturities. It also invests nearly half of its assets in high-yield securities which are rated at least Caa by Moody's, or equivalently rated by Fitch or S&P. PIMCO Income D has returned 5.7% in the last three-year period.
Alfred Murata is one of the fund managers of PONDX since 2013.
PIMCO StocksPLUS A (PSPAX - Free Report) seeks returns higher than that of the S&P 500 Index. The fund focuses on investing in 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 a three-year annualized return of 10.2%.
As of March 2017, PSPAX held 538 issues, with 56.12 % of its assets invested in Sptr Trs Equity 3ml+7 *Bullet* Bps.
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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