Vanguard - not PIMCO - has biggest bond fund

Outflows continue at PIMCO.  Vanguard Bond fund now #1. 

PIMCO Total Return fund had been the largest bond fund for almost twenty years. PB
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From Bloomberg.com:

Two years of client withdrawals at Pacific Investment Management Co.’s flagship have cost it the title of the world’s biggest bond mutual fund.

Investors pulled $5.6 billion from the Pimco Total Return Fund in April, after redemptions of $7.3 billion in March and $8.6 billion in February, according to estimates from the Newport Beach, California-based firm.

With assets of $110.4 billion, the fund fell behind the index-tracking Vanguard Total Bond Market Index Fund, which had $117.3 billion as of April 30, according to preliminary data...

Pimco has suffered more than $110 billion of outflows from the fund, which reached a peak of $293 billion in April 2013, since longtime manager Bill Gross left on Sept. 26 for Denver-based Janus Capital Group Inc...

Vanguard Total Bond Market Index, a passive fund tracking a broad fixed-income benchmark, returned 0.9 percent in the same period, beating 31 percent of its peers.

Vanguard also runs an exchange-traded fund version of the Total Bond Market strategy, which holds $27 billion in assets.  

The firm’s ETFs are run as share classes of mutual funds, a structure Vanguard patented.
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Link: http://www.bloomberg.com/news/articles/2015-05-04/pimco-total-return-loses-biggest-bond-mutual-fund-crown