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PETAX PIMCO Real Estate Real Return Strategy A

  • Fund
  • PETAX
  • Price as of: Oct 17, 2017
  • $7.65
  • - $0.00
  • - 0.00%
  • Category
  • Real Estate

PETAX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 9.9%
  • 5 Yr Annualized Return 7.3%
  • Net Assets $1.97 B
  • Holdings in Top 10 137.0%

52 WEEK LOW AND HIGH

$7.65
$6.90
$7.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.41%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 186.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.74%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name PIMCO Variable Insurance Trust Real Estate Real Return Strategy Fund
  • Fund Family Name PIMCO
  • Inception Date Oct 30, 2003
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Mihir P. Worah

Fund Description

The fund seeks to achieve its investment objective by investing in real estate-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. It may invest up to 30% of its total assets in securities denominated in foreign currencies and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers.

PETAX - Performance

Return Ranking - Trailing

Period PETAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -15.4% 22.6% 54.84% 3
1 Yr -0.8% -40.6% 34.3% 62.65% 4
3 Yr 9.9% * -8.0% 14.3% 15.45% 1
5 Yr 7.3% * 4.5% 12.4% 91.83% 5
10 Yr 8.4% * 1.9% 8.9% 2.21% 1

* Annualized


Return Ranking - Calendar

Period PETAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 8.2% -23.9% 8.6% 1.26% 1
2015 -4.7% -21.2% 21.0% 56.60% 4
2014 0.0% -7.8% 31.5% 89.69% 5
2013 -22.6% -23.2% 27.2% 90.10% 5
2012 1.8% 0.0% 40.4% 89.12% 5

Total Return Ranking - Trailing

Period PETAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -7.5% 22.6% 56.25% 3
1 Yr -6.3% -19.9% 90.7% 90.76% 5
3 Yr 7.8% * 1.2% 14.3% 54.08% 3
5 Yr 6.1% * 4.5% 12.4% 97.60% 5
10 Yr 7.8% * 1.9% 8.9% 2.21% 1

* Annualized


Total Return Ranking - Calendar

Period PETAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 8.8% -16.3% 9.4% 2.14% 1
2015 11.9% -13.5% 40.1% 4.76% 1
2014 80.1% -1.7% 82.5% 1.37% 1
2013 -26.1% -28.3% 28.4% 98.48% 5
2012 117.0% 0.0% 117.5% 1.06% 1

NAV & Total Return History

PETAX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

PETAX Category Low Category High PETAX % Rank Quintile
Net Assets 1.97 B 3.39 M 63.7 B 7.51% 1
Number of Holdings 562 5 569 0.79% 1
Net Assets in Top 10 2.17 B 711 K 24.8 B 2.37% 1
Weighting of Top 10 137.0% 3.7% 151.2% 0.79% 1

Top 10 Holdings

  1. Dwrtft Trs Equity 1ml+44 *Bullet* Brc 23.49%
  2. US Treasury Note 20.76%
  3. Dwrtft Trs Equity 1ml+24 Fbf 19.77%
  4. US Treasury Note 16.01%
  5. US Treasury Note 12.72%
  6. US Treasury Note 11.92%
  7. Dwrtft Trs Equity 1ml+25 Myi 9.56%
  8. IRS USD 1.25000 06/21/17-2Y CME_Pay 9.13%
  9. Dwrtft Trs Equity 1ml+23 Boa 7.55%
  10. US Treasury Note 1.875% 6.09%

Asset Allocation

Weighting Category Low Category High PETAX % Rank Quintile
Stocks
101.63% 1.09% 101.63% 0.40% 1
Bonds
88.45% 0.00% 100.66% 0.79% 1
Other
1.06% -1.10% 108.20% 5.53% 1
Preferred Stocks
0.00% 0.00% 43.10% 5.14% 3
Convertible Bonds
0.00% 0.00% 5.50% 1.98% 2
Cash
-91.14% -109.96% 74.22% 27.27% 5

Stock Sector Breakdown

Weighting Category Low Category High PETAX % Rank Quintile
Real Estate
15.05% 0.00% 100.00% 33.60% 5
Communication Services
0.75% 0.00% 12.96% 16.60% 3
Consumer Cyclical
0.51% 0.00% 42.68% 23.32% 4
Utilities
0.00% 0.00% 16.80% 1.58% 2
Technology
0.00% 0.00% 7.70% 5.93% 2
Industrials
0.00% 0.00% 11.94% 4.74% 2
Healthcare
0.00% 0.00% 4.58% 4.74% 3
Financial Services
0.00% 0.00% 21.08% 4.35% 2
Energy
0.00% 0.00% 38.67% 1.98% 2
Consumer Defense
0.00% 0.00% 0.89% 1.58% 2
Basic Materials
0.00% 0.00% 20.64% 9.88% 3

Stock Geographic Breakdown

Weighting Category Low Category High PETAX % Rank Quintile
US
101.63% 1.00% 101.63% 0.40% 1
Non US
0.00% 0.00% 46.48% 11.46% 3

Bond Sector Breakdown

Weighting Category Low Category High PETAX % Rank Quintile
Government
82.94% 0.00% 94.28% 0.81% 1
Corporate
4.16% 0.00% 52.75% 4.44% 1
Securitized
3.89% -1.47% 25.91% 1.21% 1
Municipal
0.14% 0.00% 0.51% 1.21% 1
Derivative
-1.90% -17.65% 0.00% 1.21% 5
Cash & Equivalents
-91.12% -91.12% 74.22% 29.84% 5

Bond Geographic Breakdown

Weighting Category Low Category High PETAX % Rank Quintile
US
79.95% 0.00% 97.20% 0.79% 1
Non US
8.50% 0.00% 8.50% 0.40% 1

PETAX - Expenses

Operational Fees

PETAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.41% 0.07% 11.43% 33.60% 3
Management Fee 0.89% 0.00% 1.20% 3.95% 5
12b-1 Fee 0.25% 0.00% 1.00% 5.23% 2
Administrative Fee 0.40% 0.01% 0.40% 0.69% 5

Sales Fees

PETAX Fees (% of AUM) Category Low Category High PETAX Rank Quintile
Front Load 5.50% 2.50% 5.75% 4.26% 3
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

PETAX Fees (% of AUM) Category Low Category High PETAX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PETAX Fees (% of AUM) Category Low Category High PETAX Rank Quintile
Turnover 186.00% 3.00% 1060.00% 1.58% 5

PETAX - Distributions

Dividend Yield Analysis

PETAX Category Low Category High PETAX % Rank Quintile
Dividend Yield 0.4% 0.00% 3.78% 23.43% 2

Dividend Distribution Analysis

PETAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PETAX Category Low Category High PETAX % Rank Quintile
Net Income Ratio 1.74% -0.81% 5.13% 20.16% 2

Capital Gain Distribution Analysis

PETAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

PETAX - Managers

Mihir P. Worah

Manager

Start Date

Dec 31, 2007

Tenure

9.76

Tenure Rank

9.5%

Mr. Worah is CIO Asset Allocation and Real Return and a managing director in the Newport Beach office. He is a member of the Investment Committee and the Executive Committee, and oversees portfolio management for the U.S. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford Linear Accelerator Center, where he built models to explain the difference between matter and anti-matter. He holds a Ph.D. in theoretical physics from the University of Chicago.


Jeremie Banet

Manager

Start Date

Jan 02, 2015

Tenure

2.75

Tenure Rank

19.7%

Jeremie Banet, Executive Vice President, PIMCO. Mr. Banet first joined PIMCO in 2011 and rejoined the firm in 2014. He is a portfolio manager on the real return team. Prior to joining PIMCO, he worked on U.S. inflation trading at Nomura. Previously he was with BNP Paribas, most recently as head of U.S. inflation trading. Mr. Banet holds a Masters in Applied Economics.


Nicholas J. Johnson

Manager

Start Date

Jan 02, 2015

Tenure

2.75

Tenure Rank

19.7%

Mr. Johnson is a managing director in the Newport Beach office and a portfolio manager focusing on commodities and multi-asset portfolios. He joined PIMCO in 2004 and managed the portfolio analyst group prior to joining the portfolio management team in 2007. He specializes in structural risk premiums as well as overall portfolio construction. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. Prior to joining PIMCO in 2004, he was a research fellow at NASA's Jet Propulsion Laboratory, helping to develop Mars missions and new methods of autonomous navigation. He holds a master’s degree in financial mathematics from the University of Chicago and an undergraduate degree from California Polytechnic State University.


Tenure Analysis

Category Low

0.2

Category High

23.8

Category Average

7.6

Category Mode

2.8