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Seeking Stable Income? Give This Fund a Look

Although Silver-rated PIMCO Income has grown significantly, it's still a solid complement to income-seekers' core bond portfolios.

Mentioned:

Sumit Desai: Silver-rated PIMCO Income (PONAX) is managed by Dan Ivacysn and Alfred Murata, winners of the 2013 Morningstar Fixed-Income Fund Manager of the Year award. Ivacsyn was also named PIMCO's group CIO following the departure of Bill Gross in September 2014.

The fund has seen incredible success since the 2008 financial crisis, in terms of both returns and flows. It's in the top percentile of the multisector-bond Morningstar Category during the trailing five-, three-, and one-year time periods through July 2015.

Sumit Desai, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.