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PIMCO Reports Quarterly Performance on Commercial Bond Fund

ORANGE COUNTY, CA-Pacific Investment Management Co. reports positive performance for Commercial Mortgage Securities Trust. Asset quality averages a BBB rating for the mutual fund.

By Joel Cone | Updated on October 31, 2000

ORANGE COUNTY, CA-Pacific Investment Management Co. of Newport Beach reported quarterly performance results Tuesday for its only closed-end mutual fund, PIMCO Commercial Mortgage Securities Trust Inc.

The fund is a closed-end bond fund investing principally in investment-grade, commercial mortgage-backed securities. The fund’s primary investment goal is high current income, with capital gain from the disposition of investments as a secondary objective.

For the third-quarter ending Sept. 30, the fund’s total return investment performance, based on its NYSE share price, was 1.28%. For the past year the fund’s return investment was 4.71%. On an annualized basis the fund’s return was 4.99% over the past three years, and a strong 9.4% over the past five years.

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