Pimco Total Return Fund decreases U.S. government holdings in October
The Pimco Total Return Fund, whose long-time manager Bill Gross unexpectedly departed on Sept. 26, ended October with a slight decrease in U.S. government-related holdings and a slight increase in mortgages, the first full month under the portfolio’s new three-person management team.
The Pimco Total Return Fund had exposure of 35 percent in October, down from 38 percent in U.S. government-related securities in September and 41 percent in August, according to the Newport Beach, Calif.-based firm’s website on Wednesday.
The U.S. government category may include nominal and inflation-protected Treasuries, Treasury futures and options, agencies, FDIC-guaranteed and government-guaranteed corporate securities, and interest rate swaps.
Source: Reuters – Pimco Total Return Fund decreases U.S. government holdings in October
