PIMCO Funds
PIMCO is a global investment management firm that manages investments for over 8 million people worldwide. Bill Gross is the founder of PIMCO or Pacific Investment Management Company, LLC. Bill Gross is also the Co-CIO (Co-Chief Investment Officer). Another Co-CIO is Mohamed A. El-Erian. El-Erian is also the CEO of PIMCO. The PIMCO funds are now exclusively distributed by Allianz Global Investors Funds.These best PIMCO mutual funds for 2013 are selected based on its performance history. The funds are ranked with 3 star rating or higher by Morningstar. You may find the fund review below and other fund information.
The class A funds do have the sales load. If you are investing in 401(k) account, you can choose institutional class of these funds. These institutional class funds don’t have the sales load; the expense ratio is lower than other classes as well. If you don’t have this choice in your retirement account or 401(k), you can select Class D for no load funds.
Best Mutual Funds
The 27 best PIMCO mutual funds for 2013 are:- PIMCO Income Fund
- PIMCO All Asset All Authority Fund
- PIMCO Investment Grade Corporate Bond Fund
- PIMCO All Asset Fund
- PIMCO Fundamental IndexPLUS TR Fund
- PIMCO International StocksPLUS TR Strategy Fund
- PIMCO Small Cap StocksPLUS TR Fund
- PIMCO Real Income 2029 Fund
- PIMCO Global Bond (USD-Hedged) Fund
- PIMCO Foreign Bond (USD-Hedged) Fund
- PIMCO Low Duration Fund
- PIMCO Total Return Fund
- PIMCO GNMA Fund
- PIMCO Commodity Real Return Strategy Fund
- PIMCO StocksPLUS Total Return Fund
- PIMCO Diversified Income Fund
- PIMCO Intl StocksPLUS TR Strategy (Unhedged) Fund
- PIMCO High Yield Fund
- PIMCO Short-Term Fund
- PIMCO Real Return Fund
- PIMCO StocksPLUS Fund
- PIMCO Long-Term US Government Fund
- PIMCO Real Estate Real Return Strategy Fund
- PIMCO Foreign Bond (Unhedged) Fund
- PIMCO RealRetirement Income & Distribution Fund
- PIMCO Unconstrained Bond Fund
- PIMCO Global Advantage Strategy Bond Fund
Top PIMCO Bond Funds
PIMCO Income Fund (PONAX)
PIMCO Income Fund is one of the top PIMCO mutual funds of 2013. It utilizes its assets to purchase multi-sector portfolio of Fixed Income Instruments of varying maturities. The fund manager is Daniel J. Ivascyn. This class A fund (Ticker: PONAX) has a sales load of 3.75%. Its dividend yield is 5.72%. The current shares price is $12.57.More: Best PIMCO Mutual Funds 2012
This bond fund is ranked with 5 stars and silver rating by Morningstar. It has 3 year annualized return of 15.48%. It has an average effective duration of 3.5 years and an average effective maturity of 5.53 years. The top 3 bond sectors are other government related bond (35%), non-agency residential MBS (18%), and asset-backed (14%).
PIMCO All Asset All Authority Fund (PAUAX)
This PIMCO All Asset All Authority Fund objective is to provide maximum real return, consistent with real capital preservation and prudent management. It invests mainly in any PIMCO funds of the Trust or PIMCO Equity Series in Institutional Class or Class M. Robert D. Arnott is the fund manager since October 2003. It has a yield of 5.35%. The total net assets are $28 billion. Its expense ratio is higher than average, 1.63%.You can buy this best PIMCO mutual fund for 2013 with $1,000 initial investment. It is available from 95 brokerages such as Fidelity, JPMorgan, Edward Jones, Prudential Retail, etc. The YTD return in 2012 is 17.14%. It has a silver rating.
As of January 2013, the top 3 holdings are PIMCO StocksPLUS TR Short Strategy Institutional, PIMCO High Yield Institutional, and PIMCO Emerging Markets Currency Institutional. The top 2 equity sectors are consumer defensive and financial services.
PIMCO Investment Grade Corporate Bond Fund (PBDAX)
Managed by Mark Kiesel, this PIMCO Investment Grade Corporate Bond Fund has a great long term total return. It uses its assets to buy investment grade corporate fixed income securities of varying maturities. The 12-month dividend yield is 4.25%. Its expense ratio is 0.90%. The holding turnover rate is quite high, 124%.This best intermediate term bond mutual fund is ranked with silver rating. It has returned 10.14% over the past 3 year, 9.85% over the past 5 year, and 7.80% over the past decade. The fund risk is defined as higher than average. The average credit quality is BBB.
PIMCO Total Return Fund (PTTAX)
The PIMCO Total Return Fund is the most popular and top rated PIMCO mutual fund. It is managed by Bill Gross since 1987. The fund’s yield is 3.73%. It invests in a diversified portfolio of Fixed Income Instruments. It also has an annual expense ratio of 0.85%. This class A fund has a sales load of 3.75%. The fund’s NAV is $11.21.The minimum initial funding is $1,000 for regular account and retirement account. If you are interested to invest in your 401(k) account, you may choose other classes. The other classes include: Class B (PTTBX), Class C (PTTCX), Class D (PTTDX), Admin Class (PTRAX), Institutional Class (PTTRX), and Class P (PTTPX).
PIMCO High Yield Fund (PHDAX)
This PIMCO High Yield Fund is managed by Andrew Jessop. It utilizes its assets to buy a diversified portfolio of high yield securities or junk bonds. It has net assets of $19.07 billion. The 12-month yield is 6.01%. The holding turnover rate is 50%. The expense ratio is 0.90%. The share price has a 52-week range between $9.05 and $9.75.Morningstar ranks it with bronze rating. As one of the best PIMCO mutual funds for 2013, it has returned 10.41% over the past 3 year, and 8.48% over the past 5 year. The best 1 year total return was achieved in 2009 with 43.56%. The 3 year beta risk is -0.17.
PIMCO Commodity Real Return Strategy Fund (PCRAX)
Ranked with gold rating, PIMCO Commodity Real Return Strategy Fund aim is to provide maximum real return. It invests mainly in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. This commodities broad basket mutual fund is managed by Mihir Worah. The current yield is 1.94%.More: Best Mutual Funds for 2013
The fund’s performance for the past 4 years is as follow:
- Year 2012: 4.81%
- Year 2011: -8.10%
- Year 2010: 23.50%
- Year 2009: 39.50%
PIMCO Funds Performance
| No | Name | Ticker | Category | Rating | Yield | Assets (M) |
|---|---|---|---|---|---|---|
| 1 | PIMCO Income A | PONAX | Multisector Bond | 5 | 5.72% | 3065.07 |
| 2 | PIMCO All Asset All Authority A | PAUAX | World Allocation | 5 | 5.35% | 4615.38 |
| 3 | PIMCO Investment Grade Corp Bd A | PBDAX | Intermediate-Term Bond | 5 | 4.25% | 1727.7 |
| 4 | PIMCO All Asset A | PASAX | World Allocation | 5 | 4.63% | 2140.63 |
| 5 | PIMCO Fundamental IndexPLUS TR A | PIXAX | Large Blend | 5 | 14.38% | 174.48 |
| 6 | PIMCO International StocksPLUS TR Str A | PIPAX | Foreign Large Blend | 5 | 10.02% | 32.18 |
| 7 | PIMCO Small Cap StocksPLUS TR A | PCKAX | Small Blend | 5 | 7.60% | 99.78 |
| 8 | PIMCO Real Income 2029 A | POIAX | Retirement Income | 5 | 5.23% | 4.1 |
| 9 | PIMCO Global Bond (USD-Hedged) A | PAIIX | World Bond | 4 | 3.07% | 76.97 |
| 10 | PIMCO Foreign Bond (USD-Hedged) A | PFOAX | World Bond | 4 | 3.98% | 411.12 |
| 11 | PIMCO Low Duration A | PTLAX | Short-Term Bond | 4 | 2.51% | 3650.11 |
| 12 | PIMCO Total Return A | PTTAX | Intermediate-Term Bond | 4 | 3.73% | 27664.85 |
| 13 | PIMCO GNMA A | PAGNX | Intermediate Government | 4 | 2.21% | 665.76 |
| 14 | PIMCO Commodity Real Ret Strat A | PCRAX | Commodities Broad Basket | 4 | 1.94% | 1755.63 |
| 15 | PIMCO StocksPLUS Total Return A | PTOAX | Large Blend | 4 | 7.69% | 137.89 |
| 16 | PIMCO Diversified Inc A | PDVAX | Multisector Bond | 4 | 4.96% | 359.27 |
| 17 | PIMCO Intl StkPLUS TR Strat (Unhedged) A | PPUAX | Foreign Large Blend | 4 | 6.67% | 10.39 |
| 18 | PIMCO High Yield A | PHDAX | High Yield Bond | 3 | 6.01% | 1256.43 |
| 19 | PIMCO Short-Term A | PSHAX | Ultrashort Bond | 3 | 0.79% | 1363.66 |
| 20 | PIMCO Real Return A | PRTNX | Inflation-Protected Bond | 3 | 2.26% | 5123.8 |
| 21 | PIMCO StocksPLUS A | PSPAX | Large Blend | 3 | 3.52% | 80.4 |
| 22 | PIMCO Long-Term US Government A | PFGAX | Long Government | 3 | 2.21% | 257.35 |
| 23 | PIMCO Real Estate Real Return Strategy A | PETAX | Real Estate | 3 | 17.91% | 340.11 |
| 24 | PIMCO Foreign Bond (Unhedged) A | PFUAX | World Bond | 3 | 3.02% | 389.76 |
| 25 | PIMCO RealRetirement Inc&Distrbtn A | PTNAX | Retirement Income | 3 | 3.21% | 8.24 |
| 26 | PIMCO Unconstrained Bond A | PUBAX | Nontraditional Bond | 3 | 2.85% | 1771.35 |
| 27 | PIMCO Global Advantage Strategy Bd A | PGSAX | World Bond | 3 | 1.67% | 150.3 |
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