PIMCO Credit Absolute Return Fund

U.S. News evaluated 75 Nontraditional Bond 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 0.92 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 1.4%
1 Year 0.9%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund invests at least 80% of its assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest in both investment grade and high yield securities ("junk bonds") subject to a maximum of 50% of its total assets in securities rated below B- Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.

Fees

Fees are Above Average compared to funds in the same category.
PIMCO Credit Absolute Return Fund has an expense ratio of 1.30 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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