Bill Gross and PIMCO
Despite the beating bond funds suffered in June of 2013, bond investors have still done well over the past 3-10 years, particularly those in the PIMCO Total Return Fund (the company’s flagship mutual fund) and the PIMCO Investment Grade Corporate Bond Fund. In 2010, Bill Gross, PIMCO’s chief money manager, was named best mutual fund manager for the decade by Morningstar.
Annualized Returns Through June 24, 2013
|
|
3 Years |
10 Years |
|
PIMCO Total Return |
4.5% |
5.8% |
|
PIMCO Investment Grade |
8.0% |
6.8% |
|
Barclays Aggregate Bond Index |
3.5% |
4.4% |