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 estate, alternative investments, and risk management.
Though the firm manages a large number of mutual funds across a wide spectrum, it is best known for fixed income mutual funds. It boasts more than 2,800 employees across 12 countries and has trading operations in North America, Europe, and Asia. The company had around $1.92 trillion of assets under management as of Jun 30, 2020.
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.
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 has five-year annualized returns of 3.6%.
Robert D. Arnott is the fund manager of PMJAX since 2015.
PIMCO Diversified Income Fund Class C (PDICX - Free Report) seeks to maximize total return on investment, which is on par with the 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 five-year annualized returns of 5%.
As of the end of June 2020, PDICX held 2,007 issues, with 5.44% of its assets invested in Cdx Hy32 5y Ice.
PIMCO High Yield Fund Class A (PHDAX - Free Report) aims for maximum total return. The fund invests the majority of its assets in a diversified portfolio of high-yield investments such as junk bonds. It may also invest a minority of its assets in securities rated Caa or below by Moody's or rated likewise by the S&P or Fitch. If the security is unrated, PIMCO determines its quality. PHDAX has returned 5.1% in the past five years.
PHDAX has an expense ratio of 0.94% compared with the category average of 1.02%.
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