Pacific Investment Management Company, LLC (commonly called PIMCO) is an internationally acclaimed investment management firm. The company provides a wide range of financial services in 11 countries with the help of more than 2,100 employees. PIMCO had around $1.51 trillion assets under management as of March 31, 2017.
PIMCO offers a broad lineup of investment solutions to its clients that encompass the entire gamut of equities, bonds, currencies, real estates, alternative investments and risk management. 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 PIMCO funds.
PIMCO StocksPLUS Small A PCKAX invests in fixed income securities related to the Russell 2000 Index including bonds and other derivatives in order to derive a higher return than the index. PCKAX invests in securities from public as well as private sectors issued worldwide. The fund focuses on investing in those fixed income instruments, which are actively managed by PIMCO. PIMCO StocksPLUS A has returned 28.2% in the last one year.
PCKAX has an expense ratio of 1.09% compared with the category average of 1.21%.
PIMCO Income Fund A PONAX seeks growth of income and capital. PONAX invests a minimum of 65% of its assets in fixed income securities from a wide range of sectors. These securities may include options, futures contracts and swap agreements. The fund may invest not more than half of its assets in securities that are rated below investment grade. PIMCO Income A returned 9.4% in the last one year.
Alfred Murata is one of the fund managers of PONAX since 2013.
PIMCO StocksPLUS A PSPAX invests in fixed income securities related to the S&P 500, including bonds and other derivatives for higher returns than the index. PSPAX invests in securities from public as well as private sectors issued worldwide. While the fund will not invest more than 30% of its assets in foreign currencies denominated securities, it may invest more than 30% of its assets in foreign securities that are denominated in the U.S. dollar. PIMCO StocksPLUS A has returned 19.6% in the last one year.
As of March 2017, PSPAX held 538 issues, with 56.12% of its assets invested in Sptr Trs Equity 3ml+7 *Bullet* Bps.
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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Zacks Investment Research