PIMCO or Pacific Investment Management Company, LLC 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 2,200 employees working in 12 countries and trading operations in North America, Europe and Asia. The company had around $1.77 trillion of assets under management as of Mar 31, 2018.
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 Income APONAX invests a minimum of 65% of its assets in fixed income securities from a variety of sectors. These securities may include options, futures contracts and swap agreements. PONAX may invest not more than half of its assets in securities that are rated below investment grade. The fund seeks maximization of income. PIMCO Income A has three-year annualized returns of 4.7%.
As of Mar 31, 2018, PONAX held 6,593 issues, with 9.55% of its assets invested in IRS USD 2.20000 09/18/17-5Y* CME_Receive.
PIMCO All Asset APASAX is considered a "fund of funds," as it invests almost all its assets in other mutual funds, including smart beta funds and actively managed funds of the PIMCO Equity Series or PIMCO ETF Trust. PASAX seeks a high level of returns through sensible investment management and preservation of capital. PIMCO All Asset A has three-year annualized returns of 4.3%.
Robert D. Arnott is one of the fund managers of PASAX since 2002.
PIMCO CommoditiesPLUS Strategy APCLAX seeks to offer returns higher than that of its benchmark. PCLAX invests a large chunk of its assets in commodity-linked derivative securities supported by low volatility and an actively managed portfolio of Fixed Income Instruments. The fund invests heavily in fixed income securities like debt securities and bonds issued by domestic and foreign companies. PIMCOCommoditiesPLUS Strategy A has three-year annualized returns of 0.7%.
PCLAX has an expense ratio of 1.19% compared with the category average of 1.26%.
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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