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Four years later, Pimco rolled out the Total Return fund.
Consider the case of the Pimco Total Return Fund.
Four percent of the Total Return fund is in municipals.
But the Total Return fund was already suffering outflows because of its faltering performance.
The company's flagship Total Return Fund turned in a strong performance in 2008.
None of his 401(k) money is in the Total Return fund, either.
In shifting his money from the Total Return fund, Mr. Gross has taken on more risk.
It will become part of the Invesco Total Return fund, the company said.
The value of the Total Return fund rose by $1.7 billion in a single day.
The rest is in Pimco's Real Return fund, which puts most of its money in TIPS.
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THE largest total-return fund is Pimco Total Return, with more than $70 billion in assets.
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