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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Inflation Response Multi-Asset Fund

PPRMX | Fund

$8.31

$1.74 B

4.45%

$0.37

2.27%

Vitals

YTD Return

6.1%

1 yr return

9.1%

3 Yr Avg Return

2.8%

5 Yr Avg Return

6.2%

Net Assets

$1.74 B

Holdings in Top 10

57.2%

52 WEEK LOW AND HIGH

$8.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 211.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Inflation Response Multi-Asset Fund

PPRMX | Fund

$8.31

$1.74 B

4.45%

$0.37

2.27%

PPRMX - Profile

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.38%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO Inflation Response Multi-Asset Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Aug 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Rodosky

Fund Description

The Fund is intended for investors who prefer to have their asset allocation decisions made by professional investment managers. PIMCO uses a three-step approach in seeking to achieve the Fund’s investment objective which consists of 1) developing a target asset allocation; 2) developing a series of relative value strategies designed to add value beyond the target allocation; and 3) utilizing hedging techniques to manage risks. PIMCO evaluates these three steps and uses varying combinations of Acquired Funds (defined below) and/or direct investments to implement them within the Fund.The Fund may invest in Institutional Class or Class M shares of any funds of the Trust and PIMCO Equity Series, an affiliated open-end investment company, except other funds of funds and PIMCO California Municipal Intermediate Value Fund, PIMCO California Municipal Opportunistic Value Fund, PIMCO National Municipal Intermediate Value Fund and PIMCO National Municipal Opportunistic Value Fund (“Underlying PIMCO Funds”), and may also invest in other affiliated funds, including funds of PIMCO ETF Trust, and unaffiliated funds (collectively, “Acquired Funds”). The term “fund of funds” refers to mutual funds that pursue their investment objective by investing all or a significant portion of their assets in other funds.The Fund seeks to achieve its investment objective by investing under normal circumstances in a combination of Fixed Income Instruments of varying maturities, equity securities, affiliated and unaffiliated investment companies, which may or may not be registered under the Investment Company Act of 1940, as amended (the “1940 Act”), forwards and derivatives, such as options, futures contracts or swap agreements, of various asset classes in seeking to mitigate the negative effects of inflation. Such asset classes include, but are not limited to, inflation-linked bonds, commodities, emerging market currencies and real estate-related 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. The Fund will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. The Fund may invest, without limitation, in any of the Underlying PIMCO Funds (except as described below). To the extent the Fund invests in Underlying PIMCO Funds, PIMCO expects to select such Underlying PIMCO Funds without considering or canvassing the universe of available unaffiliated Acquired Funds. When determining the target allocation for the strategy, PIMCO may use proprietary quantitative models. The target allocations may include long, short, or no positions in the underlying financial markets and asset classes specified in the models. The quantitative models are developed and maintained by PIMCO, and are subject to change over time without notice in PIMCO’s discretion. PIMCO also retains discretion over the final target asset allocation and the implementation of the target asset allocation, which may include positions that are different from target allocations determined by quantitative models.The Fund may invest in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities and corporations. Inflation-indexed bonds are fixed income securities that are structured to provide protection against inflation. The value of the bond’s principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure. The U.S. Treasury uses the Consumer Price Index for Urban Consumers as the inflation measure. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect a comparable inflation index, calculated by that government. To mitigate the negative effects of inflation, the Fund seeks concurrent exposure to a broad spectrum of asset classes and other investments.The Fund may invest up to 25% of its total assets in equity-related investments (including investment in common stock, preferred securities, equity securities of real estate investment trusts (“REITs”) and/or investment in the Domestic Equity-Related Underlying PIMCO Funds, the International Equity-Related Underlying PIMCO Funds and the PIMCO RealEstateRealReturn Strategy Fund, an Underlying PIMCO Fund, and in other equity-related Acquired Funds). With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Fund may invest. The Fund may invest up to 50% of its total assets in commodity-related investments (including investment in the PIMCO Cayman Commodity Fund VII, Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”), and the PIMCO CommoditiesPLUS® Strategy Fund and PIMCO Commodity RealReturn Strategy Fund®, each an Underlying PIMCO Fund). The Subsidiary is advised by PIMCO and primarily invests in commodity-linked derivative instruments backed by a portfolio of Fixed Income Instruments and may also invest directly in commodities. As discussed in greater detail elsewhere in the prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements, other commodity-linked derivative instruments and directly in commodities. In order to comply with certain issuer diversification limits imposed by the Internal Revenue Code, the Fund may invest up to 25% of its total assets in the Subsidiary. The Fund will normally limit its net exposure to gold to 25% of its total assets. The Fund may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 25% of its total assets. The Fund may invest, without limitation, in high yield securities (“junk bonds”). The Fund may invest, without limitation, in securities and instruments that are economically tied to emerging market countries. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.The Fund’s assets are not allocated according to a predetermined blend of shares of the Acquired Funds and/or direct investments in securities, instruments and other investments. Instead, when making allocation decisions among the Acquired Funds, securities, instruments and other investments, PIMCO considers various qualitative and quantitative factors relating to the U.S. and non-U.S. economies, and securities and commodities markets. These factors include projected growth trends in the U.S. and non-U.S. economies, forecasts for interest rates and the relationship between short- and long-term interest rates (yield curve), current and projected trends in inflation, relative valuation levels in the equity, fixed income, commodity and real estate markets and various segments within those markets, the outlook and projected growth of various industrial sectors, information relating to business cycles, borrowing needs and the cost of capital, political trends, data relating to trade balances, and labor information. PIMCO uses these factors to help determine the Fund’s target asset allocation and to identify potentially attractive relative value and risk hedging strategies. PIMCO has the flexibility to reallocate the Fund’s assets among any or all of the investment exposures represented by affiliated or unaffiliated funds, or invest directly in securities, instruments and other investments, based on its ongoing analyses of the global economy and financial markets. While these analyses are performed daily, material shifts in investment exposures typically take place over longer periods of time.Once the target asset allocation, relative value strategies and risk hedging strategies have been determined, PIMCO then evaluates various combinations of affiliated or unaffiliated funds, securities, instruments and other investments to obtain the desired exposures and invests accordingly.
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PPRMX - Performance

Return Ranking - Trailing

Period PPRMX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -2.3% 12.1% 50.41%
1 Yr 9.1% 1.1% 18.3% 85.95%
3 Yr 2.8%* -9.5% 6.6% 7.56%
5 Yr 6.2%* -8.4% 6.2% 1.74%
10 Yr 4.3%* -2.8% 4.5% 2.27%

* Annualized

Return Ranking - Calendar

Period PPRMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -6.5% 9.5% 4.10%
2022 -16.6% -24.6% -1.5% 63.33%
2021 2.0% -8.5% 3.8% 10.08%
2020 8.5% -16.2% 11.1% 3.45%
2019 7.8% 3.0% 10.7% 48.21%

Total Return Ranking - Trailing

Period PPRMX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -2.3% 12.1% 50.41%
1 Yr 9.1% 1.1% 18.3% 85.95%
3 Yr 2.8%* -9.5% 6.6% 7.56%
5 Yr 6.2%* -8.4% 6.2% 1.74%
10 Yr 4.3%* -2.8% 4.5% 2.27%

* Annualized

Total Return Ranking - Calendar

Period PPRMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -5.6% 13.3% 86.07%
2022 -5.2% -22.6% 8.8% 6.67%
2021 13.7% -8.5% 13.8% 1.68%
2020 9.3% -13.7% 13.5% 30.17%
2019 9.9% 5.7% 18.4% 73.21%

NAV & Total Return History

PPRMX - Holdings

Concentration Analysis

PPRMX Category Low Category High PPRMX % Rank
Net Assets 1.74 B 8.81 M 5.46 B 13.11%
Number of Holdings 869 3 1939 7.38%
Net Assets in Top 10 999 M 8.75 M 5.16 B 22.13%
Weighting of Top 10 57.17% 10.9% 102.4% 91.80%

Top 10 Holdings

  1. FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 10.48%
  2. GOLD CMX WR FAC 2001 JPM MSC 9.40%
  3. TSY INFL IX N/B 07/31 0.125 7.70%
  4. PIMCO EMERGING MARKETS CURRENC PIMCO EM MRK CUR + S/T INS 6.41%
  5. GNMA II TBA 30 YR 3.5 JUMBOS 4.88%
  6. FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 4.69%
  7. GOLD CMX WR FAC 5001 HSBC MSC 4.14%
  8. TSY INFL IX N/B 01/26 0.625 3.22%
  9. TSY INFL IX N/B 10/26 0.125 3.18%
  10. FRANCE (GOVT OF) BONDS 144A REGS 07/24 0.25 3.07%

Asset Allocation

Weighting Return Low Return High PPRMX % Rank
Bonds 		112.17% 0.00% 157.86% 2.46%
Stocks 		11.63% 0.00% 100.06% 86.07%
Other 		2.37% -74.59% 38.90% 5.74%
Cash 		0.12% 0.00% 59.63% 74.59%
Convertible Bonds 		0.10% 0.00% 3.97% 93.44%
Preferred Stocks 		0.04% 0.00% 1.11% 4.92%

Stock Sector Breakdown

Weighting Return Low Return High PPRMX % Rank
Real Estate 		78.69% 0.00% 78.69% 0.82%
Energy 		9.05% 0.00% 27.98% 4.92%
Communication Services 		4.31% 0.00% 11.71% 92.62%
Healthcare 		2.50% 0.00% 19.76% 97.54%
Financial Services 		1.56% 0.00% 20.10% 93.44%
Basic Materials 		1.37% 0.00% 8.62% 87.70%
Technology 		1.35% 0.00% 25.62% 95.08%
Utilities 		0.76% 0.00% 91.26% 95.90%
Consumer Cyclical 		0.41% 0.00% 12.36% 93.44%
Industrials 		0.00% 0.00% 29.86% 98.36%
Consumer Defense 		0.00% 0.00% 22.77% 95.08%

Stock Geographic Breakdown

Weighting Return Low Return High PPRMX % Rank
US 		11.61% 0.00% 100.06% 86.07%
Non US 		0.02% 0.00% 14.08% 8.20%

Bond Sector Breakdown

Weighting Return Low Return High PPRMX % Rank
Government 		51.17% 0.00% 62.10% 7.38%
Securitized 		8.50% 0.00% 61.25% 87.70%
Corporate 		0.41% 0.00% 73.91% 97.54%
Derivative 		0.39% -0.13% 38.90% 4.92%
Cash & Equivalents 		0.12% 0.00% 59.63% 57.38%
Municipal 		0.00% 0.00% 7.45% 78.69%

Bond Geographic Breakdown

Weighting Return Low Return High PPRMX % Rank
US 		94.85% 0.00% 157.86% 2.46%
Non US 		17.32% 0.00% 17.32% 0.82%

PPRMX - Expenses

Operational Fees

PPRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.27% 0.11% 6.36% 8.20%
Management Fee 0.79% 0.00% 1.25% 92.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.35% 0.01% 0.70% 94.00%

Sales Fees

PPRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PPRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

PPRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 211.00% 6.00% 318.00% 91.82%

PPRMX - Distributions

Dividend Yield Analysis

PPRMX Category Low Category High PPRMX % Rank
Dividend Yield 4.45% 0.00% 5.22% 94.26%

Dividend Distribution Analysis

PPRMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

PPRMX Category Low Category High PPRMX % Rank
Net Income Ratio 3.38% -1.30% 3.99% 3.33%

Capital Gain Distribution Analysis

PPRMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

PPRMX - Fund Manager Analysis

Managers

Stephen Rodosky

Start Date

Tenure

Tenure Rank

Jan 09, 2019

3.39

3.4%

Mr. Rodosky is a managing director in the Newport Beach office and a portfolio manager for real return and U.S. long duration strategies. He leads the rates liquid products team and also serves as head of talent management for portfolio management in the U.S. Prior to joining PIMCO in 2001, Mr. Rodosky was vice president of institutional sales with Merrill Lynch. He has 25 years of investment experience and holds a master's degree in financial markets from Illinois Institute of Technology. He received an undergraduate degree from Villanova University.

Daniel He

Start Date

Tenure

Tenure Rank

Dec 11, 2019

2.47

2.5%

Mr. He is a Senior Vice President and portfolio manager. Mr. He is a member of the liquid products group specializing in real return and mortgage-backed securities. Prior to joining PIMCO in 2011, he structured and traded derivative strategies for a global macro hedge fund. He previously developed trading strategies at a hedge fund that focused on foreign exchange volatility. Mr. He has investment experience since 2005 and holds an MBA from the University of Chicago Booth School of Business. He also holds a master’s degree in financial engineering and an undergraduate degree in computer science from the National University of Singapore.

Greg Sharenow

Start Date

Tenure

Tenure Rank

Feb 01, 2022

0.33

0.3%

Mr. Sharenow is an executive vice president in the Newport Beach office and a portfolio manager focusing on real assets. Prior to joining PIMCO in 2011, he was an energy trader at Hess Energy Trading, Goldman Sachs, and DE Shaw. Mr. Sharenow was previously senior energy economist at Goldman Sachs. He holds bachelor's degrees in mathematical methods in the social sciences and in economics from Northwestern University.

Emmanuel Sharef

Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Dr. Sharef is an executive vice president and portfolio manager in the Newport Beach office. He is a member of the Americas Portfolio Committee and has served as a rotating member of the Investment Committee. Prior to joining PIMCO in 2011, he worked in the mortgage credit strategists group at Morgan Stanley. He has 11 years of investment and financial services experience and holds a Ph.D. in operations research from Cornell University, specializing in statistics and biometrics. He received an undergraduate degree from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 26.96 6.4 12.09

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