PIMCO or Pacific Investment Management Company, LLC is a well-known global investment management firm. It offers a broad line-up 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 across 12 countries and has trading operations in North America, Europe and Asia. The company had around $1.76 trillion of assets under management as of Mar 31, 2019.
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 High Yield A (PHDAX – Free Report) aims for maximum total return that’s consistent with capital preservation and prudent investment management. The fund invests the majority of its net assets in equity securities of high-yield securities. The fund may also invest in derivative instruments such as futures contracts, options and asset-backed securities etc. PHDAX has three-year annualized returns of 6.6%.
PHDAX has an expense ratio of 0.92% compared with the category average of 1.02%.
PIMCO StocksPLUS A (PSPAX – Free Report) seeks returns higher than that of the S&P 500 Index. The fund focuses on 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 three-year annualized returns of 14%.
Mohsen Fahmi is one of the fund managers of PSPAX since 2018.
PIMCO Diversified Income Fund Administrative Class (PDAAX – Free Report) seeks to maximize total return on investment. The fund invests a minimum of 65% of its total assets in a portfolio which consists of fixed income instruments having different maturities. Such investments may include forwards or derivatives such as options, futures contracts or swap agreements. The fund invests in both investment-grade and high-yield securities with a condition that a maximum of 10% of all its investments in securities are rated below B by Moody’s. PDAAX has three-year annualized returns of 6.4%.
As of Mar 31, 2019, PDAAX held 1,368 issues, with 11.78% of its assets invested in Cdx Ig31 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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