PIMCO Floating Income Fund

Scorecard
3 / 5 Stars
Lipper
1 1 1 5 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
E+ (Sell)

U.S. News evaluated 86 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 7.18 percent over the past year, 3.83 percent over the past three years, and 6.92 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 3.7%
1 Year 7.2%
3 Years (Annualized) 3.8%
5 Years (Annualized) 6.9%
10 Years (Annualized) N/A

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Summary

The investment seeks maximum current yield consistent with prudent investment management. The fund invests at least 80% of its assets in a diversified portfolio of investments that effectively enable the fund to achieve a floating rate of income, including, but not limited to, variable and floating-rate Fixed Income Instruments, Fixed Income Instruments with durations of less than or equal to one year, and fixed-rate Fixed Income Instruments with respect to which the fund has entered into derivative instruments to effectively convert the fixed-rate interest payments into floating-rate interest payments.

Fees

Fees are Low compared to funds in the same category.
PIMCO Floating Income Fund has an expense ratio of 1.25 percent.

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Risk

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

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