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Exclusive: Schwab drops Pimco Total Return Fund from its target date funds


    (Reuters) - Charles Schwab Corp has dropped the Pimco Total Return Fund from its 10 target date funds, a company spokeswoman told Reuters Thursday.

    The firm completed its review of the fund this week, the spokeswoman said. Last Friday, Bill Gross, Pimco co-founder and manager of the fund, announced he left the firm to join Janus Capital Group.

    (Reporting By Jessica Toonkel; Editing by Meredith Mazzilli)