PIMCO Real Return Instl PRRIX |
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Release date as of 2024-04-30. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-04-30 |
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Out of 141 Inflation-Protected Bond Funds
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Total Fund Assets ($ Mil) |
7,811.34 |
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Investment Objective & Strategy |
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The investment seeks maximum real return, consistent with preservation of capital and prudent investment management.
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The fund normally invests 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. |
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Morningstar Category: Inflation-Protected Bond |
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Inflation-protected bond portfolios invest primarily in debt securities that adjust their principal values in line with the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer for these types of securities.
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Growth of $10,000 |
(from 2014-01-01
to 2024-04-30)
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Investment: |
PIMCO Real Return Instl |
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Benchmark 1: |
Bloomberg US Agg Bond TR USD |
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Benchmark 2: |
Bloomberg US Treasury US TIPS TR USD |
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Category: |
Inflation-Protected Bond |
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This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
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Total Annualized Returns % |
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YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
Investment |
-1.34 |
-0.80 |
-1.65 |
2.22 |
1.87 |
5.00 |
Bloomberg US Agg Bond TR USD |
-3.28 |
-1.47 |
-3.54 |
-0.16 |
1.20 |
4.08 |
Bloomberg US Treasury US TIPS TR USD |
-1.77 |
-1.35 |
-1.55 |
2.07 |
1.90 |
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Category |
-1.30 |
-0.73 |
-2.39 |
1.58 |
1.40 |
4.14 |
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Morningstar Rating |
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# of compared
Inflation-Protected Bond
funds covered
(3 yrs : out of
141
funds)
(5 yrs : out of
136
funds)
(10 yrs : out of
99
funds)
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Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. |
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Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. |
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Total Annual Operating Expense
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0.67%
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Prospectus Net Expense Ratio |
0.67%
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Maximum Sales Charge |
--- |
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The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. |
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Type |
Date |
% |
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% of Net Assets |
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U.S. Stocks |
0.0 |
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Non-U.S. Stocks |
0.0 |
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Bonds |
46.4 |
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Cash |
18.2 |
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Other |
35.4 |
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Total |
100.0 |
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Data through
2023-12-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
59.04 |
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Corporate |
0.07 |
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Securitized |
9.09 |
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Municipal |
0.00 |
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Cash & Equivalents |
24.42 |
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Derivative |
7.38 |
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% Bonds |
AAA |
85.63 |
AA |
5.63 |
A |
2.66 |
BBB |
3.37 |
BB |
0.43 |
B |
0.61 |
Below B |
1.66 |
Not Rated |
0.00 |
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Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
707 |
% of Net Assets in Top 10 Holdings |
69.75 |
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Turnover % |
(as of 2023-03-31) |
71.00 |
30 Day SEC Yield % |
1.17 |
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Maturity Date
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Shares
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Value $000
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% of Net Assets
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Euro Schatz Future Mar 24 |
2024-03-08 |
11 |
-1,335,838 |
15.99 |
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5 Year Treasury Note Future Mar 24 |
2024-03-29 |
8 |
-919,027 |
11.00 |
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Ultra 10 Year US Treasury Note Future Mar 24 |
2024-03-20 |
7 |
768,400 |
9.20 |
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10 Year Treasury Note Future Mar 24 |
2024-03-20 |
5 |
-620,108 |
7.42 |
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US Treasury Bond Future Mar 24 |
2024-03-20 |
4 |
-476,761 |
5.71 |
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United States Treasury Notes 0.125% |
2031-07-15 |
430,425 |
383,906 |
4.60 |
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TRS R 5.62/91282CCM1 MYC |
2024-01-16 |
339,000 |
365,228 |
4.37 |
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United States Treasury Notes 0.625% |
2032-07-15 |
361,177 |
331,187 |
3.96 |
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United States Treasury Notes 0.125% |
2030-07-15 |
354,675 |
321,296 |
3.85 |
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United States Treasury Notes 0.125% |
2030-01-15 |
335,772 |
305,085 |
3.65 |
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Short Sale, Credit and Counterparty, Inflation-Protected Securities, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Restricted/Illiquid Securities, Derivatives, Leverage, Sovereign Debt, Management |
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Show Risk Definitions |
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Inception Date: 1997-01-29 |
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Stephen A. Rodosky (2019-01-09) |
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Mr. Rodosky is a Managing Director with Pacific Investment Management Company LLC ("PIMCO") and has managed the MainStay VP PIMCO Real Return Portfolio since 2019. He is a portfolio manager for real return and U.S. long duration strategies based in the Newport Beach office. He serves as head of talent management for portfolio management in the U.S. and previously led the firm's U.S. rates team. Prior to joining PIMCO in 2001, Mr. Rodosky was vice president of institutional sales with Merrill Lynch. He has been in the investment management industry since 1995 and holds a master's degree in financial markets from Illinois Institute of Technology. He received an undergraduate degree from Villanova University. |
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Daniel He (2019-12-11) |
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Mr. He is an Executive Vice President and portfolio manager at Pacific Investment Management Company LLC ("PIMCO"). He has managed the MainStay VP PIMCO Real Return Portfolio since 2019. Mr. He is currently a member of the liquid products group specializing in real return and mortgage-backed securities and serves as a member of the Americas portfolio committee. Previously, he was a member of the global rates desk focusing on government bonds, foreign exchange, and interest rate derivatives. Prior to joining PIMCO in 2011, he structured and traded derivative strategies for a global macro hedge fund. 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. |
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Pacific Investment Management Company, LLC |
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© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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