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 StocksPLUS Small Fund Class A (PCKAX – Free Report) maintains a portfolio by investing in fixed income securities related to the Russell 2000 Index including bonds and other derivatives to derive a higher return than the index. The fund focuses on investing in those fixed income instruments, that are actively managed by PIMCO. It carries a Zacks Mutual Fund Rank #1 and has returned 5.5% in three years.
As of the end of December 2020, PCKAX held 777 issues, with 27.1% of its assets invested in Ru20intr Trs Equity 3Ml-1 *Bullet* Boa.
PIMCO High Yield Municipal Bond Fund Class A (PYMAX – Free Report) invests the major portion of its assets in debt securities 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. PYMAX carries a Zacks Mutual Fund Rank #1 and has three-year annualized returns of 6.6%.
David Hammer is the fund manager of PYMAX since 2015.
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%.
PMJAX has an expense ratio of 0.94% compared with the category average of 1.17%.
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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