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 Municipal Bond A PYMAX invests the major portion of its assets in debt obligations that are expected to provide income free from federal income tax. PYMAX may invest in investment grade municipal bonds and not more than 30% of its assets in "private activity" bonds. PIMCO High Yield Municipal Bond A has three-year annualized returns of 4.7%.
David Hammer is one of the fund managers of PYMAX since 2015.
PIMCO RAE US Small A PMJAX seeks long-term capital growth by investing at least 80% of its net assets in equity securities of small companies situated in the United States. The fund primarily aims to gain exposure to a portfolio of stocks belonging to small American companies. PMJAX has three-year annualized returns of 9.8%.
As of Dec 31, 2018, PMJAX held 990 issues, with 0.65% of its assets invested in Brinker International Inc.
PIMCO High Yield A PHDAX 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 6.8%.
PHDAX has an expense ratio of 0.92% compared with the category average of 1.02%.
To view the Zacks Rank and past performance of all PIMCO mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Get Your Free (PYMAX): Fund Analysis Report
Get Your Free (PHDAX): Fund Analysis Report
Get Your Free (PMJAX): Fund Analysis Report
Original post
Zacks Investment Research