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Temper Your Expectations for This PIMCO Fund

PIMCO Investment Grade Corporate Bond, led by Mark Kiesel, is unlikely to continue its strong performance run seen so far this year, but it remains a solid long-term option.

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Sumit Desai: Silver-rated PIMCO Investment Grade Corporate Bond fund is a solid option for investors seeking corporate bond exposure through a highly skilled management team. The fund is managed by Mark Kiesel, PIMCO's CIO of Global Credit.

This particular fund primarily invests in investment-grade corporate bonds, however, Kiesel and team are not hesitant to make bold bets on some areas of the market perceived to be risky, occasionally including some high-yield bonds and emerging-market exposure.

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