In the multisector bond category, the Pimco Income Fund is outperforming 97 percent of its category peers, posting returns of 2.72 percent as of the end of August.

Ivascyn told Reuters on Wednesday: "Defensive positioning in corporate credit and targeted higher quality bond exposure have supported performance across both funds."
Pimco, which is a unit of Allianz SE, oversaw $1.52 trillion in assets under management as of June 30.

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