Pimco is acclaimed to be the world's biggest total return fund but many smaller funds also thrive in the market. This includes the high-performing Prudential Total Return Bond Fund.
Currently, Prudential has Class A, B and C shares totalling nearly US$3 billion in assets. It has also garnered a four star rating from Morningstar. In the period ending Feb.28, 2013, the fund has performed in the top nine percentile of its peers in the past three years, top four percentile in the last five years and the top 8 percentile in the last ten years, according to data obtained from Lipper.
Pimco on the other hand has an asset valuation of US$288.21 billion only was able to reach the twenty first percentile over the same three year period, seventh percentile over the last five years and fifth percentile in the last ten years.
According to Prudential Senior Investment Officer and Portfolio Manager Michael Collins, the fund is 'credit-oriented, focusing on the best opportunities, bond by bond across the fixed income sector.'
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