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Updated Ratings on 18 PIMCO Funds

We assess the impact of Bill Gross' departure on a wide range of teams and strategies at PIMCO.

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Although nearly all the attention on the Bill Gross story has been on  PIMCO Total Return (PTTRX), his departure rippled throughout PIMCO. He was the lead manager on 10 PIMCO funds, but scores of other PIMCO funds saw changes as PIMCO shifted responsibilities throughout the organization.

We put all PIMCO funds under review the day of Gross' departure, and since then we’ve sifted through most of the PIMCO funds we cover to issue new ratings. By now, we have published nearly all of our new Morningstar Analyst Ratings. You already know our conclusion to lower the rating on PIMCO Total Return to Bronze from Gold in light of a higher level of uncertainty, so here I’ll work my way through all the rest.

Russel Kinnel has a position in the following securities mentioned above: PTTRX, PCRIX, PRRIX. Find out about Morningstar’s editorial policies.