PIMCO which was founded in 1971, is responsible for the fixed income management of Allianz Global Investors globally. The company is located in Newport Beach, California. As a group, they are one of the leading bond managers worldwide, managing more than $500 billion in fixed income assets around the globe including a fast-growing family of retail and institutional mutual funds. 

The PIMCO Total Return Fund, with more than $70 billion in assets, is the world's largest mutual fund. PIMCO employees now over 4,000 employees, and they are among the most talented in the money management industry today.