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 $2.21 trillion assets under management as of Dec 31, 2020.
PIMCO offers a broad lineup of investment solutions for the entire gamut of equities, bonds, currencies, real estate, 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) or #2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
PIMCO RAE US Fund Class A (PKAAX – Free Report) aims for long-term capital growth. The fund invests the majority of its assets in securities of companies that are economically linked to the United States. It carries a Zacks Mutual Fund Rank #1 and has returned 5.5% in three years.
As of the end of December 2020, PKAAX held 370 issues, with 4.61% of its assets invested in Apple Inc.
PIMCO Fixed Income SHares: Series M (FXIMX – Free Report) fund aims for maximum total return along with the preservation of capital and prudent investment management. The fund invests the majority of its assets in a portfolio of domestic and foreign fixed income instruments of varying maturities that include mortgage- and other asset-backed securities, corporate debt securities, and floating and variable rate debt instruments. FXIMX sports a Zacks Mutual Fund Rank #1 and has returned 6.9% in the past three years.
FXIMX has an expense ratio of 0.06% compared with the category average of 0.99%.
PIMCO RAE US Small Fund Class A (PMJAX – Free Report) seeks long-term capital growth. The fund invests the majority of its assets in securities of small-capitalization companies. It particularly focuses on small-cap companies in the United States. PMJAX carries a Zacks Mutual Fund Rank #2 and has three-year annualized returns of 3.9%.
Robert D. Arnott is the fund manager of PMJAX since 2015.
To view the Zacks Rank and the past performance of all PIMCO mutual funds, investors can click here to see the complete list of funds.
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