Cash and equivalents, the largest component of the fund, rose to 37 percent of holdings in April from 31 percent. Mortgage bonds declined to 24 percent from 28 percent, the Newport Beach, California-based company said on its website earlier this month.
The Total Return Fund returned 7.83 percent in the past year, beating 82 percent of its peers, according to data compiled by Bloomberg. The fund gained 0.65 percent in the past month, better than about 19 percent of its competitors. Pimco is a unit of Munich-based insurer Allianz SE.