PIMCO Diversified Inc InstlPDIIX

Morningstar Rating

Fund Research and Analysis

by Arijit Dutta

PIMCO Diversified Income continues to successfully walk a fine line.

Lead manager Curtis Mewbourne attempts to beat a custom benchmark that's a third each in emerging-markets and high-yield bonds and a third in investment-grade global corporate securities. Read more

Kudos

Experienced manager.

Numerous research resources. Read more

Risks

Regardless of how well this fund is managed, its underlying chosen markets court credit risk and have the potential for significant volatility.

Cheaper alternatives are available. Read more

Strategy

This fund uses a benchmark that comprises one third each of the Barclays Capital Global Credit Aggregate Index, the Merrill Lynch Global High Yield BB-B Index, and the JP Morgan EMBI Global Index. Management Read more

Management

Curtis Mewbourne took over as this fund's lead manager in October 2005, replacing Mohamed El-Erian (who had managed this fund since its 2003 inception). Mewbourne has been involved with this fund right from the start and has been running offshore versions Read more

Inside Scoop

This multisector fund buys investment-grade corporates, high-yield bonds, and emerging-markets debt. Its goal is to deliver exposure to the most promising credit markets Read more

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