Pimco Total Return Fund, once the world’s largest mutual fund under former manager Bill Gross, is now the 2nd-biggest actively managed bond fund with $78.5 billion under management. Assets at Pimco fund have dropped 73% from their peak in 2013 – a combination of client withdrawals and investment losses.

The TCW Group’s Metropolitan West Total Return Bond Fund, which is which is run by 3 former Pimco managers, is now #1 with $79.4 billion as of 12/2. However, the title of largest bond fund should not be construed as an indication that things are perfectly rosy for MetWest.  Investors pulled about $400 million during November from the MetWest fund, and the fund lost 2.1% in the month.

For the year to date, the MetWest fund has 2.3%, compared with a return of 1.9% for Pimco Total Return. Investors pulled an estimated $4.6 billion from all taxable-bond funds in the four weeks from 10/27 to 11/22/16, the most recent data available.