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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 Real Return Fund

PRNPX | Fund

$10.05

$8.07 B

2.32%

$0.23

0.70%

Vitals

YTD Return

3.0%

1 yr return

6.1%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

2.2%

Net Assets

$8.07 B

Holdings in Top 10

40.9%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 104.00%

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 Real Return Fund

PRNPX | Fund

$10.05

$8.07 B

2.32%

$0.23

0.70%

PRNPX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.90%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Real Return Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Apr 30, 2018
  • Shares Outstanding
    N/A
  • Share Class
    I3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Rodosky

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Assets not invested in inflation-indexed bonds may be invested in other types of 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. 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. “Real return” equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure. Additionally, “real yield” equals “nominal yield” less the market implied rate of inflation, and “nominal yield” is the interest rate that an issuer has promised to pay on an instrument that is not an inflation-linked instrument.Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Effective duration, the most common method of calculating duration, takes into account that for certain bonds expected cash flows will fluctuate as interest rates change and is defined in nominal yield terms, which is market convention for most bond investors and managers. Because market convention for bonds is to use nominal yields to measure effective duration, effective duration for real return bonds, which are based on real yields, are converted through a conversion factor. The resulting nominal effective duration typically can range from 20% and 90% of the respective real effective duration. All security holdings will be measured in nominal effective duration terms. Similarly, the effective duration of the Bloomberg U.S. TIPS Index will be calculated using the same conversion factors. The effective duration of this Fund normally varies within three years (plus or minus) of the effective duration of the securities comprising the Bloomberg U.S. TIPS Index, as calculated by PIMCO, which as of May 31, 2024 was 6.62 years.The Fund invests primarily in investment grade securities, but may invest up to 10% of its total assets in high yield securities (“junk bonds”) rated B or higher by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality (except that within such 10% limitation, the Fund may invest in mortgage-related securities rated below B). In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security.The Fund also 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. The Fund may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 30% of its total assets in such instruments).The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets.The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information (the “SAI”). The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities.
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PRNPX - Performance

Return Ranking - Trailing

Period PRNPX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -10.2% 9.2% 38.92%
1 Yr 6.1% -8.9% 13.3% 17.73%
3 Yr -1.8%* -17.4% 4.5% 44.44%
5 Yr 2.2%* -7.2% 5.1% 41.88%
10 Yr N/A* -2.3% 3.4% 35.37%

* Annualized

Return Ranking - Calendar

Period PRNPX Return Category Return Low Category Return High Rank in Category (%)
2023 0.4% -8.7% 5.1% 49.75%
2022 -18.9% -52.3% -4.0% 90.91%
2021 0.4% -7.9% 7.7% 58.25%
2020 9.2% -29.4% 23.0% 27.75%
2019 6.4% 0.8% 16.7% 18.95%

Total Return Ranking - Trailing

Period PRNPX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -10.2% 9.2% 38.92%
1 Yr 6.1% -8.9% 13.3% 17.73%
3 Yr -1.8%* -17.4% 4.5% 44.44%
5 Yr 2.2%* -7.2% 5.1% 41.88%
10 Yr N/A* -2.3% 3.4% 34.15%

* Annualized

Total Return Ranking - Calendar

Period PRNPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -5.2% 9.5% 34.83%
2022 -11.2% -40.1% 9.2% 46.46%
2021 5.5% -2.7% 37.6% 39.69%
2020 12.1% -0.5% 27.5% 15.71%
2019 8.1% 2.8% 19.3% 33.16%

NAV & Total Return History

PRNPX - Holdings

Concentration Analysis

PRNPX Category Low Category High PRNPX % Rank
Net Assets 8.07 B 963 K 51.8 B 16.26%
Number of Holdings 925 2 1463 1.48%
Net Assets in Top 10 3.16 B 891 K 24.2 B 18.72%
Weighting of Top 10 40.93% 9.4% 100.0% 67.33%

Top 10 Holdings

  1. TSY INFL IX N/B 07/31 0.125 5.00%
  2. FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 4.35%
  3. TSY INFL IX N/B 07/32 0.625 4.28%
  4. TSY INFL IX N/B 07/30 0.125 4.20%
  5. TSY INFL IX N/B 01/30 0.125 4.00%
  6. TSY INFL IX N/B 04/28 3.625 3.94%
  7. TSY INFL IX N/B 07/29 0.25 3.92%
  8. TSY INFL IX N/B 04/29 3.875 3.83%
  9. BUONI POLIENNALI DEL TES SR UNSECURED 144A REGS 05/25 1 3.74%
  10. TSY INFL IX N/B 01/31 0.125 3.67%

Asset Allocation

Weighting Return Low Return High PRNPX % Rank
Bonds 		113.30% 0.00% 198.42% 3.94%
Cash 		3.12% -42.00% 15.77% 15.76%
Other 		0.49% -58.58% 68.12% 58.13%
Convertible Bonds 		0.17% 0.00% 3.96% 28.08%
Preferred Stocks 		0.09% 0.00% 0.78% 9.85%
Stocks 		0.00% 0.00% 100.03% 47.78%

Bond Sector Breakdown

Weighting Return Low Return High PRNPX % Rank
Government 		64.33% 6.70% 112.97% 83.74%
Securitized 		7.19% 0.00% 58.03% 16.75%
Cash & Equivalents 		3.12% 0.00% 11.92% 15.27%
Corporate 		0.53% 0.00% 50.64% 56.16%
Derivative 		0.38% -26.67% 16.13% 49.26%
Municipal 		0.00% 0.00% 1.28% 56.65%

Bond Geographic Breakdown

Weighting Return Low Return High PRNPX % Rank
US 		101.41% 0.00% 174.44% 5.91%
Non US 		11.89% 0.00% 42.19% 2.96%

PRNPX - Expenses

Operational Fees

PRNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.03% 22.29% 44.78%
Management Fee 0.65% 0.00% 0.99% 99.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.40% 0.01% 0.40% 100.00%

Sales Fees

PRNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PRNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

PRNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 104.00% 0.00% 246.00% 86.08%

PRNPX - Distributions

Dividend Yield Analysis

PRNPX Category Low Category High PRNPX % Rank
Dividend Yield 2.32% 0.00% 14.25% 51.72%

Dividend Distribution Analysis

PRNPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Quarterly

Net Income Ratio Analysis

PRNPX Category Low Category High PRNPX % Rank
Net Income Ratio 5.90% -0.06% 6.71% 5.50%

Capital Gain Distribution Analysis

PRNPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

PRNPX - 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1

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