PIMCO Convertible Fund

U.S. News evaluated 18 Convertibles Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 21.18 percent over the past year, 7.82 percent over the past three years, 20.52 percent over the past five years, and 6.31 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 6.2%
1 Year 21.2%
3 Years (Annualized) 7.8%
5 Years (Annualized) 20.5%
10 Years (Annualized) 6.3%

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Summary

The investment seeks maximum total return, consistent with prudent investment management. The fund normally invests at least 80% of its assets in a diversified portfolio of convertible securities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest in both investment-grade securities and junk bonds subject to a maximum of 20% of its total assets in securities rated below B by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. The fund may also invest up to 30% of its total assets in securities denominated in foreign currencies.

Fees

Fees are Low compared to funds in the same category.
PIMCO Convertible Fund has an expense ratio of 1.05 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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