Pimco Mortgage Opportunities and Bond benefits from the firm's analytical edge in evaluating mortgage sectors, the team’s risk-aware portfolio construction, and reasonable fees in a pricey category. Our conviction in the People and Process hasn’t wavered, but its Institutional shares earn a downgrade to Silver, given changes in the competitive landscape, while its remaining share classes earn Silver and Neutral.
Will PMZAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PMZAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PMZAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PMZAX’s parent organization’s priorities and whether they’re in line with investors’ interests.