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3 Mutual Funds From the PIMCO Portfolio for Stunning Returns

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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 $1.78 trillion assets under management as of Mar 31, 2020.

PIMCO offers a broad line-up of investment solutions for the entire gamut of equities, bonds, currencies, real estates, 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 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 five-year annualized returns of 1.6%.

PSRZX has an expense ratio of 1.05% compared with the category average of 1.08%.

PIMCO TRENDS Managed Futures Strategy Fund Class A (PQTAX - Free Report) aims for risk-adjusted returns that are on par with apt investment management. The fund invests the majority of its assets in derivative instruments that are linked to interest rates, currencies, mortgages, credit, commodities, equity indices and instruments related to volatility. It has returned 2% in the past five years.

Matthew P. Dorsten is one of the fund managers of PQTAX since 2013.

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 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 3.6% in the past five years.

As of the end of March 2020, PHDAX held 828 issues, with 3.62% of its assets invested in Cdx Hy33 5y Ice.

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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