Skip to Content
US Videos

Ballooning Assets at PIMCO Income Give Us Pause

Closing this impressive fund even temporarily might better serve its investors.


Eric Jacobson: There's no question that PIMCO Income has been truly impressive. The fund boasts a world class team, an effective, time-tested process, and a stellar record. The strategy's assets have grown at an astonishing rate, though, which partly explains why its Morningstar Analyst Rating is Silver rather than Gold.

Assets in the overall strategy--in other words, assets across the small handful of vehicles PIMCO manages the same way around the globe--dipped a little in May, but have otherwise ballooned over the past couple of years. They stood at more than $207 billion at the end of May, having more than doubled since the beginning of 2017.

To view this article, become a Morningstar Basic member.

Register for Free

Eric Jacobson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.