PTTNX

About PTTNX

PIMCO Total Return Fund I-3 is an institutional-class mutual fund that focuses on fixed income investments. Its primary objective is to maximize total return while maintaining capital preservation and prudent risk management. The fund principally invests in a diversified mix of investment-grade debt securities, including U.S. Treasury bonds, mortgage-backed securities, and corporate bonds, but may allocate up to 20% of its assets to high yield, or non-investment-grade, securities. The portfolio is actively managed, with its average duration typically ranging between three and six years to adjust for changing interest rate environments. Recognized within the Intermediate Core-Plus Bond category, this fund employs a flexible approach, incorporating both core bond holdings and select out-of-benchmark opportunities for additional yield and diversification. Noted for its significant scale, the fund manages several billion dollars in assets and maintains a below average risk profile relative to peers. It is designed for large institutional investors, requiring a minimum initial investment of $1 million. The fund distributes income monthly and has a moderate expense ratio. PIMCO Total Return Fund I-3 plays a central role in many diversified fixed income portfolios by seeking stable income and total return through active management of interest rate and credit risks.