Learn How to Read a Morningstar Analyst Report

The People Pillar is our evaluation of the PSPTX management teams experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

11:19 PM GMT+00:00and repeatable PSPTXs performance objective and investment process is for both security selection and portfolio construction.Get our overall rating based on a fundamental assessment of the pillars below.The Parent Pillar is our rating of PSPTXs parent organizations priorities and whether theyre in line with investors interests.Unlock our full analysis with Morningstar PremiumPimco StocksPLUS Absolute Return has a seasoned lead manager and employs a unique structure that capitalizes on Pimcos strong bond investing capabilities. The three cheapest share classes retain their Morningstar Analyst Ratings of Bronze. The more expensive shares fall to Neutral.USDNAV as of Dec 16,clearly defined,20201-Day Return as of Dec 16,2020,The Process Pillar is our assessment of how sensible,

The Morningstar Analysis section contains a thorough evaluation of an investments merits and drawbacks and often discusses the most important or decisive factors leading to the funds overall rating.

Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.