NEW YORK Feb 11 The PIMCO Total Return Fund,
the world's largest bond fund, decreased its mortgage holdings
and increased its Treasury exposure in January, data from the
firm's website showed on Monday.
The fund decreased its exposure to mortgages, its largest
holding, to 37 percent in January from 42 percent the previous
month. The fund also increased its Treasury holdings to 30
percent from 26 percent.
The fund, which is the flagship of the Newport Beach,
California-based Pacific Investment Management Co, has $285.6
billion in assets. It is run by PIMCO founder and co-chief
investment officer Bill Gross.