Bloomberg article says Gross has been moving money out of this fund. Do a search for the article it should tell you what you should be doing right now.
Pacific Investment Management Co.’s William Gross, the billionaire who runs the world’s largest mutual fund (PCN), is re-jiggering family investments in Pimco bond funds that have been beaten down by rising interest rates.
Gross paid about $4.3 million to buy shares of Pimco Corporate & Income Strategy Fund from June 10 to June 12, according to filings with the U.S. Securities and Exchange Commission. He raised $3.2 million in May and June by selling shares of Pimco Income Strategy Fund, Pimco Municipal Income Fund II and Pimco Corporate & Income Opportunity Fund (PTY), separate filings show.