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Fund Times

Upgrading PIMCO Total Return to Gold

Given the stability and strength of its management and process, we are raising the fund’s Morningstar Analyst Rating to Gold.

Mentioned:

The  PIMCO Total Return (PTTRX) story has continued to evolve. Given the stability and strength of its management and process, we are raising its Morningstar Analyst Rating to Gold.

We lowered the rating for this perennial winner after legendary manager Bill Gross left PIMCO in late 2014. Investors were pulling money out of the fund at a fast clip, and we were concerned that Gross’ departure and changes to PIMCO’s business could hurt the firm’s ability to maintain talent and focus.

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