Morningstar recently announced that PIMCO’s Bill Gross has won their Fixed-Income Manager of the Year award for guiding PIMCO Total Return Fund through 2007’s volatile market environment.

Gross and his team also won the award in 1998 and 2000, and are Morningstar’s only three-time winners in any category.

In their January 3 announcement, Morningstar lauded Gross’ ability in 2006 to foresee the coming effects of the national subprime crisis and credit crunch—before it entered the national consciousness—and his decision to position his portfolios accordingly. By limiting PIMCO Total Return Fund’s corporate bond exposure and interest-rate sensitivity, Gross navigated the turbulent markets in 2007 and enabled his Fund to turn in solid performance relative to its peers.

After the announcement, Gross commented from PIMCO's Newport Beach, California, offices and credited the win to teamwork:

"It’s a great honor to have earned this important award, and I thank Morningstar for recognizing our efforts to produce world-class asset returns. This award reflects the results produced by the extraordinary team of PIMCO investment professionals in very challenging market conditions. To receive the Morningstar Fund Manager of the Year award for a third time is a particularly satisfying recognition of our commitment to consistent, risk-controlled results over the long-term. I believe my colleagues are the best in the world at what they do, and I am grateful to be able to lead them."

Related Resources

PIMCO Total Return Fund: Click here to learn more about PIMCO Total Return Fund.

Investment Outlook: You can also read Bill Gross’s views on the economy and financial markets in his newest Investment Outlook newsletter.

Media: Click here to view Bill Gross's appearance on CNBC-TV after the announcement of the Manager of the Year award.