PIMCO Income Fund Institutional Class (PIMIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PIMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIMIX
PIMIX charges 0.54% annually. There are 7 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | PIMIX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | PIMIX vs VMSAX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | PIMIX vs BWDTX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | PIMIX vs JMSIX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | PIMIX vs MOFIX |
Best Risk-Adjusted Alternatives to PIMIX
PIMIX has a PortfoliosLab risk / return rank of 50. There are 42 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | PIMIX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | PIMIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | PIMIX vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | PIMIX vs RFXIX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | PIMIX vs ICMUX |
Top Performing PIMIX Alternatives (YTD)
PIMIX is at 1.07% YTD. There are 47 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 4.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 4.57% | — | Jan 2011 | PIMIX vs ACP | |
| Western Asset Diversified Income Fund | 4.16% | — | Jun 2021 | PIMIX vs WDI | |
| Saba Capital Income & Opportunities Fund | 3.52% | — | Dec 1987 | PIMIX vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.40% | — | May 2016 | PIMIX vs LFLIX | |
| Intrepid Income Fund | 2.85% | — | Jul 2007 | PIMIX vs ICMUX |
Lowest Volatility Alternatives to PIMIX
PIMIX has 4.11% 1-year volatility. There are 74 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.18% | — | Nov 2015 | PIMIX vs NWXHX | |
| Nationwide Strategic Income A | 1.22% | — | Nov 2015 | PIMIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.30% | — | Jul 2016 | PIMIX vs BWDTX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | PIMIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 1.41% | — | Jan 2018 | PIMIX vs CBLDX |
Lowest Drawdown Alternatives to PIMIX
PIMIX has a 1-year max drawdown of -3.69%. There are 70 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | PIMIX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | PIMIX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | PIMIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | PIMIX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | PIMIX vs BWDTX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PTY, PONAX, PTTRX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 2 | -1.00% | — | Dec 2002 | PIMIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 44 | 0.87% | — | Apr 2007 | PIMIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 28 | 0.35% | — | May 1987 | PIMIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 7 | -2.18% | — | Dec 2001 | PIMIX vs PCN | |
| PIMCO Income Fund Class I-2 | Multisector Bonds | 48 | 1.02% | — | Apr 2008 | PIMIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 34 | 8.53% | — | Aug 2007 | PIMIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 12 | 1.01% | — | Oct 2004 | PIMIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 12 | 0.24% | — | Dec 1992 | PIMIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 41 | 12.84% | — | Oct 2003 | PIMIX vs PISIX | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 45 | 17.46% | — | Jun 2002 | PIMIX vs PCRIX |
Often Compared With PIMIX
Investors most often compare PIMIX with PYLD, AGG, DODIX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare PIMIX with Any Fund or Stock
Compare PIMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIMIX with funds that move differently
PIMCO Income Fund Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIMIX.
Explore PIMIX Diversifiers