Bill Gross’ $260.9 billion Pimco Total Return Fund (PTTRX) saw inflows of some $1.36 billion last month, bringing the fund’s year-to-date intake to $5.9 billion through June 30, Dow Jones reports, citing data from Morningstar Inc.
This is a far cry from last year when the fund saw outflows of $4.97 billion for the entire year. The fund has returned 5.73% year-to-date, besting the 2.37% on the Barclays Capital US Aggregate Bond Index with bets on mortgage-backed securities and Treasury bonds, according to Morningstar. The fund has reportedly beaten 96% of its rivals so far this year, a sharp reversal from last year, when its 4.16% return trailed nearly 90% of its peers and was below the 7.84% return on the benchmark.
The fund sports an expense ratio of 46 basis points.