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PIMCO Monthly Income Fund (Canada) Series A (PMO005 $12.74)
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PIMCO Monthly Income Fund (Canada) (PMIF $18.43)
Q: Hi,
Could you please compare and contrast the risk, rewards and performance of these two funds? Which do you prefer and why?
Many thanks. Michael
Could you please compare and contrast the risk, rewards and performance of these two funds? Which do you prefer and why?
Many thanks. Michael
5i Research Answer:
PMIF is essentially the ETF version of PMO005. PMIF fees are 0.84% vs 1.41 for PMO0005, and this should see PMIF getting better returns over time. PMIF five-year is 3.83% and PMO005 3.49%. The funds use a diversified multi-sector approach in their income mandate. PMIF indicated yield is 4.95%. While they are essentially the same, we would prefer the ETF PMIF for lower fees and better performance.