PIMCO Unconstrained Bond D

I fail to see what's the difference between this and PUBDX . Link The manager of Pimco’s new go-anywhere mutual fund says he’s favoring debt issues from U.S. banks and select emerging …

… interesting. Pimco data as of feb 2011 PTTRX PUBDX PIMIX duration 3.89 0.35 4.98 yield ..... 38 (0.11) 7.00 Unconstrained ( PUBDX ) is short gov't bonds & long cash equiv ..... Otherwise they are fairly similar. PUBDX is short long dated bonds, PTTRX just …

… Section1; } Pimco data as of feb 2011 PTTRX PUBDX PIMIX duration 3.89 0.35 4.98 yield ..... Section1 { page: Section1; } Unconstrained ( PUBDX ) is short gov’t bonds & long cash equiv ..... Otherwise they are fairly similar. PUBDX is short long dated bonds, PTTRX just …

… Some of the other Pimco funds with smaller assets, have also underperformed this year. The "unconstrained" Pimco fund PUBDX which has 13.2 billion in assets (much less than the flagship Pimco fund), went up only 5.22% On the other hand, one …

Pimco has so many bond funds it sometimes hard to spot the subtle differences.  This one has the tittle of Unconstrained Bond fund, and can have a 3 year negative duration and up to a postive 8 year duration.  I guess this meana it can short bonds to achieve the negative duration?  Any opinions on

Dick, Here is Gundlach's (DBLTX) thoughts.This could be a good addition to ur PUBDX holding. Sees record steepness in yield curve flattening out with bull flattener . If you are going to take interest rate risk, do it at the long end. Has about 37% of portfolio in discounted “junky” mortgages with negative duration. would like ur comments on his presentation here .You may need to register to see the presentation slides.