A Good Engine Under the Hood at This Multisector-Bond Fund
Silver-rated PIMCO Diversified Income's sector and asset-allocation decisions rely on topnotch macro-research resources that have paid off for investors over the long term.
Sarah Bush: Silver-rated PIMCO Diversified Income (PDIIX) takes a wide-ranging approach. Manager Curtis Mewbourne and his team start with a blended benchmark that includes an emerging-markets index, a global aggregate investment-grade index, and a high-yield global index.
As a result, this fund tends to take on more credit risk and emerging-markets risk and lands in Morningstar's multisector-bond category.
Sarah Bush does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.