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 $1.88 trillion assets under management as of Sep 30, 2019.
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 its peers in the future. Investors can click here to see the complete list of funds.
PIMCO Preferred and Capital Securities Fund Class A PFANX aims for maximum total return. The fund invests the majority of its assets in a well-diversified portfolio of preferred securities and Capital Securities. Notably, Capital Securities are issued by U.S. and non-U.S. financial institutions. The fund may also invest a minority of its assets in common stocks. PFANX has three-year annualized returns of 9.3%.
Philippe Bodereau is the fund manager of PFANX since 2015.
PIMCO RAE US Small Fund Class A PMJAX 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 has three-year annualized returns of 4.9%.
PMJAX has an expense ratio of 0.92% compared with the category average of 1.23%.
PIMCO Diversified Income Fund Class C PDICX seeks to maximize total return on investment which is on par with preservation of capital. The fund invests the majority of its assets in a diverse portfolio of Fixed Income Instruments of varying maturities. It may also invest in investment-grade as well as high yield securities. PDICX has three-year annualized returns of 5.7%.
As of Sep 30, 2019, PDICX held 1,500 issues, with 13.05% of its assets invested in Cdx Hy32 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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