Skip to Content
Fund Spy

PIMCO Total Return: One Year Since the Revolution

Changes to PIMCO Total Return's portfolio are notable but consistent with its history.

Mentioned:

In the initial wake of Bill Gross' resignation from PIMCO--less than nine months after CEO and co-CIO Mohamed El-Erian himself decided to leave--the biggest questions revolved around the future of the firm, when and how it would stabilize, and whether it would see an exodus of investment staff. While those questions aren’t entirely settled, there have been some good signs, as outlined most recently by my colleagues in June.

As important to many investors of course has been the stability and future of  PIMCO Total Return (PTTRX). It is therefore worth taking a closer look at changes to the portfolio over the past 12 months. Here, there’s also some good news. Despite significant outflows and some notable changes in portfolio positioning, the strategy appears intact and largely consistent with the approach under Gross.

Eric Jacobson has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.