3 / 5 Stars
3 3 2 3 1
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 47 Corporate Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -1.70 percent over the past year, 5.40 percent over the past three years, 10.31 percent over the past five years, and 6.06 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-2.1%|
|3 Years (Annualized)||5.4%|
|5 Years (Annualized)||10.3%|
|10 Years (Annualized)||6.1%|
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 80% of its assets in a diversified portfolio of investment grade corporate fixed income securities of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It invests primarily in investment grade debt securities, but may invest up to 15% of its total assets in high yield securities ("junk bonds") rated B or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.
Fees are High compared to funds in the same category.
PIMCO Investment Grade Corporate Bond Fund has an expense ratio of 1.65 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.