Bloomberg -- Pacific Investment Management Co.’s Bill Gross added to holdings of Treasuries in his flagship fund in June while betting incorrectly on gains in U.S. inflation- indexed securities during the first half of the year.

The proportion of U.S. government debt in the $268 billion Total Return Fund rose to 38 percent, from 37 percent in May, according to data on Pimco’s website. The Newport Beach, California-based company doesn’t comment directly on monthly changes in holdings or specific types of securities within a market sector, such as the percentage of Treasury Inflation Protected Securities in the U.S. grouping.

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