Sell Pimco Total Return?

The world's biggest bond fund is no longer one of the best.

In 1987, a young bond-fund manager named Bill Gross launched Pimco Total Return (symbol PTTRX). And the rest, as they say, is history. Today, Total Return is the largest fund on the planet, with $285 billion in assets. From its inception through December 31, it returned an annualized 8.4%, beating the Barclays U.S. Aggregate Bond index by an average of 1.1 percentage points per year. In the sedate world of bonds, that's serious outperformance. In all, Gross's firm now oversees a total of $1.9 trillion.

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Steven Goldberg
Contributing Columnist,
Steve has been writing for Kiplinger's for more than 25 years. As an associate editor and then senior associate editor, he covered mutual funds for Kiplinger's Personal Finance magazine from 1994-2006. He also authored a book, But Which Mutual Funds? In 2006 he joined with Jerry Tweddell, one of his best sources on investing, to form Tweddell Goldberg Investment Management to manage money for individual investors. Steve continues to write a regular column for and enjoys hearing investing questions from readers. You can contact Steve at 301.650.6567 or