For years, PIMCO’s taxable bond Total Return Fund (PTTRX) has been a top-performer in its class, with five-star ratings from both Morningstar and S&P, five-year annualized trailing returns of 8.9%, and a manager, William Gross, widely respected as among one of the top in industry.
However, the minimum initial investment in the PTTRX fund is $1 million, putting it out of reach of most individual investors, who have instead had to settle for the A shares of PIMCO’s retail mutual fund version of the fund, the PIMCO Total Return A fund (PTTAX).
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