Founded in 1971, Pacific Investment Management Company, LLC or PIMCO is an internationally acclaimed investment management firm. The company provides a wide range of financial services across the globe, with more than 2,800 employees. PIMCO had around $1.82 trillion in assets under management as of Jun 30, 2022.PIMCO offers a broad lineup of investment solutions for the entire gamut of equities, bonds, currencies, real estate, alternative investments and risk-management services. Though the firm manages an array of mutual funds, it is best known for those based on a fixed income.Below, we share with you three top-ranked PIMCO mutual funds — PIMCO Inflation Response Multi-Asset Fund PPRMX, PIMCO All Asset PASAX and PIMCO All Asset Fund PATRX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of PIMCO mutual funds.PIMCO Inflation Response Multi-Asset Fund invests most of its assets in a combination of fixed-income securities of varying maturity periods alongside equity securities of affiliated and non-affiliated investment companies. PPRMX advisors may also invest a small portion of its assets in derivative instruments like forwards, options, futures contracts or swap agreements, to mitigate the negative effects of inflation.PIMCO Inflation Response Multi-Asset Fund has three-year annualized returns of 5%. Daniel J. He has been one of the fund managers of PPRMX since 2019.PIMCO All Asset seeks maximum real return alongside capital preservation. PASAX pursues its investment objective by investing most of its assets in the least expensive class of shares of any actively managed or smart beta funds (including mutual funds or exchange-traded funds) of the Trust, or PIMCO ETF Trust or PIMCO Equity Series.PIMCO All Asset has three-year annualized returns of 2.7%. As of June 2022, PASAX held 28 issues, with 23.6% of its assets invested in PIMCO ALL ASSET MULTI RAE.PIMCO All Asset Fund is considered a “fund of funds”, because it chooses to pursue its investment objective by investing in other funds. PATRX invests most of its assets in the least expensive class of shares of any actively managed or smart beta funds of the Trust, or PIMCO ETF Trust or PIMCO Equity Series, but does not invest in other fund of funds.PIMCO All Asset Fund has three-year annualized returns of 2.4%. PATRX has an expense ratio of 0.82% compared with the category average of 1.29%.To view the Zacks Rank and the past performance of all PIMCO mutual funds, investors can click here to see the complete list of PIMCO mutual funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (PPRMX): Fund Analysis Report Get Your Free (PATRX): Fund Analysis Report Get Your Free (PASAX): Fund Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research