PIMIX
PIMCO INCOME FUND INSTITUTIONAL
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Thoughts on PIMIX and other actively managed bond funds?
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Fixed refers to Pimco's PIMIX and govt bond funds in roughly a 70/30 mix.
My bond fund, PIMIX, was up .18%. Focuses on short-term holdings.
If you're going to do a bond fund in the Roth (think you're better off elsewhere with that), do an aggressive active income fund. RCTIX, PIMIX, PYLD something along those lines.
If you love PIMIX (I do), PYLD is worth checking out.
Pimco's PIMIX absolutely dusts FBND while having the same effective duration with higher returns, lower volatility, and lower max drawdown. Pimco is a known goat in the actively managed bond space.
that makes sense. I think i have some crossovers in other areas where i can move as well ... new to this all, and just trying to learn. Thank you! Roth - cash 12% Fxaix 55% PTRQx 8% FZILX 11% PIMIX 7% LBNOX 5% Traditional IRA - Cash 5% FZROX 66% FZILX 20% LOLDX 8%
Pimco income fund is a VERY successful multi-sector bond fund. Multisector means they have added greater weight to certain sectors of the bond market that they believe will provide better returns. This is an institutional share class which means that a normal retail investor can’t just buy into this fund at that expense ratio. You would have to purchase a different share class with a higher ER. PIMIX offers the cheapest share class while the A, R and other share classes are more expensive. Since the end of 2023 that fund is actually up about 8-10%. You have earned money, not lost money. What you’re probably looking at is the cost basis which is different from returns.
Great answer, the majority of my bond holdings are in Pimco PIMIX which is a multi-sector fund that has a good history of riding out downturns. I decided to go wide diversified as it was a good mix of an inflation beating yield and acceptable risk vs deep into T bills. I've been thinking of getting out of the secondary market altogether and going straight T bills on the primary market, maybe TIPS. I just can't take the yield hit though since bonds are the majority of my portfolio. Dunno, maybe soon. The hairs on the back of my neck are prickling
The thing is, we've got enough, *more than enough* for that matter. In my mind it'd be insane to expose myself to unnecessary risk just to add a bit more to the stack. The 18 year average yield for PIMIX is 6.4% - far outpacing inflation and we only need $2216 a month for routine expenses and the occasional going out to dinner. For the first 10 years after SS kicks in at 63 the retirement account is only there for vacations and the occasional roof/car/etc expense. After that the drawdowns increase because COLAs tend to not keep up with inflation in the long run. For example the historical average of SS cola is only 2.6%
PIMIX 18 year average 6.4% w/ dividends reinvested. Pays .05 per share dividend once a month. Shares currently at $10.70. And its done very well through each of our downturns. IMO pretty hard to beat, Does a mix of securitized assets, High Yield Credit, Fed/muni bonds, corp bonds and a bunch of other things. About as diversified in the non-equity realm as it can get.
I'll probably do TIPS ladder bonds after our bridge period between now and when I claim SS at 63 and my risk tolerance goes back up and I can risk a higher equity percentage to keep up with another high inflation period like we just went through - but for now I think the PIMIX bond fund will do a much better job keeping up with inflation while maintaining our income if the market crashes.
Well its Pimco PIMIX, which is a multi-sector income bond fund and it did pretty good in 08 and 09. About a 1.5% dip.
Buy TIPS, I recommend VTIP from Vanguard. If you're intent on using active funds I would not recommend JEPI and would instead go with PIMIX or Vanguard's multisector bond fund which is similar. You can do 25% VTIP, 25% BIV (Intermediate Term Corp/Government Bonds), 25% PIMIX, 25% VGSH. With covered call etfs you're getting all the volatility and a limited upside, they do not make sense for anyone honestly.
Hi! I need to choose funds for my new 401k plan. I wanted something like Fidelity’s SPAXX money market that has been paying 5% for about a year now because in early February, I’ll liquid to buy company stock. Unfortunately, there’s no money markets to choose. I don’t know much about how to read yield/returns on bond or capital preservation funds. My goal is capital preservation but I’m not sure that the Putnam Stable Value Fund is truly the best choice. Is that what you would choose? Bond choices: FXNAX Fidelity US Bond Index PIMIX PIMCO Income Institutional VIIGX Vanguard Intermediate-Term Treasury Index Institutional VTAPX Vanguard Short-Term Inflation Protected Sec Index Admiral Capital Preservation: PSVF15 Putnam Stable Value Fund 15bps
Perfect answer. I was thinking, man you got to thank that guy somehow, and then dump him. Likewise, was thinking you put the original amount in something conservative like PIMIX, and let at least part of the windfall ride a bit wild. I wouldn't leave half in NVDA, I'd spread it out a bit.
PIMIX is a very well-regarded bond fund, and you likely won't be able to buy this share class outside of your 401(k). I probably wouldn't choose it as my primary bond holding, but if you are thinking of spicing things up a little, it could make sense to allocate a modest percentage of your total contribution to it.
The forget about it for 3 years has me hung up. I do well in the market, but not sure I can recommend a stock I would literally forget about for 3 years. The closest thing I could recommend that you could forget about is PIMIX. Maybe something like a BRK.B would suit you. Something like a UNH is fairly conservative, but you never know. Other companies I like, but am going to re-evaluate this week are ASX, NUE, UNTC, AMD. There isn't a single one though that I would let just sit there without researching at least monthly. So many things can change that can sink a stock. I mean NUE is rock solid unless something happens with steel tariffs.... but that could happen, and I'm not sure I would enter at this price or wait for a drop. I am spending all my time currently on a stock that could easily go to $0, but also has the potential to go up over 100X, so I'm probably not the best person to be answering, but I feel obligated to give you something to look into since your post isn't getting much in the way of ideas.
Numbers do not add up, these all funds have a greater return over 20 years. There must be one fund that has split causing the confusion. I looked up PIMIX which pays 7.49% is higher now than 20 years.
Funds I hold SGOV: 5.3% PIMIX: 6.5% BIT: 10% PDI: 14% TLTW: 15%
There's a big difference between holding a bond to maturity vs. "investing in bonds". Bond pricing changes every day like any other market. Many bond funds are interested (mandated actually) to seek a total return which includes appreciation. If all you care about is income (distribution) than individual bonds held to maturity are great. Some bond funds manage primarily for income (PIMIX - Pimco Income Fund as an example). It has a very consistent dividend over a long timeframe. If all you care about is distribution, that's a good fund, however it's total return has lost value this yr - like most things. Why "risk" that vs just buying a bond? Because they have the research capabilities and scale for pricing to get any type of bond anywhere in the world vs. what you know. So when things become less volatile they will likely outperform the yield of a treasury or individual bond while derisking the portfolio.
Only serious answer here. Put it in $PIMIX
Look at PIMIX's all-time return chart versus BND and or AGG and I think the high expense ratio is worth it. Especially since PIMIX has a current yield of over 4% which you can't find in the bond market at the moment.
I am surprised that no one is suggesting Multi-Sector Bond Mutual Funds like PONAX (PIMIX), PTIAX, JMUTX, FADMX, BMSAX, etc.
> PONAX Isn’t PIMIX just PONAX but with lower ER? And a $25k minimum instead of like $1k? If OP is making $10k/week they can surely buy PONAX
The bond indices are full of trash that the individual investor should not want to own because they are cap-weighted and companies that have issued the most debt are overrepresented, as well as treasuries. I don't have any bond funds right now but I 100% agree with active management for bond funds. I would much rather invest in something like PIMIX over BND/VBTLX if I had to.