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PIMCO Total Return Instl Message Board

  • twoteebox twoteebox Jun 26, 2013 10:34 AM Flag

    PTTRX 165th out of 177 Bond funds

    Mr. Gross has lost his touch. Run for the hills.

    How unexpectedly sharp has this month’s bond selloff been? Look no further than a couple of Pimco bond funds for an answer. Min Zeng and Kirsten Grind report in today’s Wall Street Journal that Bill Gross‘s $285 billion Pimco Total Return Bond Fund (PTTRX) – the flagship of all flagship bond funds – has lost 3.65% in June alone, making it the 12th-worst performer among 177 similar bond funds tracked by data firm Lipper:

    The June losses come after investors pulled $1.32 billion out of the fund in May, its first outflow since 2011. Newport Beach, Calif.-based Pimco is a unit of Allianz SE. The fund is now on a two-month losing streak, the latest evidence that the weekslong selloff in bonds ranging from ultrasafe Treasury debt to emerging-market securities has unnerved some of the most trusted hands in the investing community.

    Mr. Gross isn’t alone. Bond-market fears have pummeled mutual funds across the industry. All similar bond funds tracked by Lipper have performed poorly so far in June, posting an average loss of 2.65%. They are down an average of 4.29% since the end of April….

    The bout of poor performance after years of strong returns is a blow for Mr. Gross, who for years has presented himself as the face of the surging bond market. The Pimco Total Return fund has returned 6.69% a year, on average, over the last 15 years, according to Morningstar, as of Monday. That compares with 5.49% average annual returns on the benchmark Barclays U.S. Aggregate Bond Index. In 2010, Morningstar named Mr. Gross the best manager of the decade.

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    • Speaking of Lipper, I submit this:


      It's the 3 year numbers and are updated monthly. People are hysterical here. And I mean hysterically funny. :-)

      Bottom line is this and everyone knows it....those that complain the loudest were overexposed to PTTRX. That's your fault. And his three year numbers look quite good. That is all.....

      • 1 Reply to previn26
      • Overexposed...I don't think so, I haven't owned any of these shares for a couple of years now. I am waiting for this to drop below $10.00 and pick up some cheap shares from the bag holders. That is of course I find this fund starts to perform better. Bottom line is we can all agree that bonds are and will be hit hard, but Gross performing worse than than 93% of other comparable funds will make me think twice. You can spin it any way you want 1 day, 1 week, 1 month, 1 year, 3 year, 5 year performance. As of recent this fund is performing horribly compared to other bond funds and obviously Gross has made some terrible moves.

    • Still more evidence that Mr. Gross is underperforming his peers.

      Investors pulled an estimated $1.32 billion from Bill Gross’s Pimco Total Return Fund (PTTRX) in May, according to Chicago-based Morningstar Inc. (MORN) The redemptions at the $285 billion fund, the world’s largest mutual fund, were the first monthly withdrawals since 2011. Gross’s fund is down 4 percent this year, trailing 93 percent of rivals.

10.97Aug 26 6:25 PMEDT

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