- Still the world's largest bond fund with $117B in assets, Pimco's Total Return Fund (MUTF:PTTRX) showed U.S. government debt footing to just 21.6% of AUM in March, down from 35.3% a month earlier.
- The fund's new managers have a hot hand (they took over in late September), and Total Return is now topping 83% of peers year-over-year after returning 5.2%. In Q1, the fund returned 2.22%, outperforming the benchmark (NYSEARCA:AGG) by 61 basis points. For the six months ended March 31, the return of 3.56% also beat the benchmark.