Morningstar® Investment Profile™   Morningstar®
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PIMCO VIT Total Return Instl
Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-10-31
Out of 529
Intermediate Core-Plus Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-06-30
Total Fund Assets ($ Mil)
4,461.21
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.
The fund invests under normal circumstances at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It invests primarily in investment-grade debt securities, but may invest up to 20% of its total assets in high yield securities, as rated by Moody's, S&P or Fitch, or, if unrated, as determined by PIMCO.
  Morningstar Category: Intermediate Core-Plus Bond
Intermediate-term core-plus bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, but generally have greater flexibility than core offerings to hold non-core sectors such as corporate high yield, bank loan, emerging-markets debt, and non-U.S. currency exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
U.S. Stocks 1.8
Non-U.S. Stocks 0.1
Bonds 139.8
Cash -44.7
Other 3.1
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2024-06-30
Morningstar Fixed-Income Sectors
% Fund
Government 23.43
Corporate 17.25
Securitized 38.23
Municipal 0.39
Cash & Equivalents 11.12
Derivative 9.58
Data through 2024-06-30
Credit Analysis
% Bonds
AAA 63.64
AA 3.97
A 13.92
BBB 12.79
BB 2.39
B 0.30
Below B 2.98
Not Rated 0.00
Data through 2024-06-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 18
Total Number of Bond Holdings 1171
% of Net Assets in Top 10 Holdings 56.87
Turnover % (as of 2023-12-31) 486.00
30 Day SEC Yield % 4.54
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Federal National Mortgage Association 5.5% 2054-08-13 402,600 397,049 8.87
Federal National Mortgage Association 3% 2054-08-13 426,759 363,412 8.12
5 Year Treasury Note Future Sept 24 2024-10-01 3 358,651 8.01
Federal National Mortgage Association 5% 2054-09-16 296,800 286,899 6.41
10 Year Treasury Note Future Sept 24 2024-09-20 2 271,333 6.06
Federal National Mortgage Association 4.5% 2054-08-13 268,000 252,747 5.64
Federal National Mortgage Association 6% 2054-08-13 172,850 173,275 3.87
Ultra 10 Year US Treasury Note Future Sept 24 2024-09-20 1 -157,585 3.52
Pimco Fds 2024-07-22 15,999 156,057 3.49
Federal National Mortgage Association 4% 2054-08-13 141,000 129,098 2.88
Data through 2024-06-30
  Principal Risks   
Short Sale, Credit and Counterparty, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Issuer, Interest Rate, Market/Market Volatility, Convertible Securities, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, Derivatives, Leverage, Sovereign Debt, Management
Show Risk Definitions
  Other Information
Inception Date: 2000-04-10
Portfolio Manager(s)
Mohit Mittal   (2019-12-11)
Mr. Mittal is CIO Core Strategies and a managing director based in the Newport Beach office. He is a member of the Investment Committee and a portfolio manager for fixed income multi-sector portfolios across the duration and credit spectrum. As CIO Core Strategies, Mr. Mittal has leadership and oversight responsibilities for long-only strategies across PIMCO's Low and Moderate Duration, Total Return, and Long Duration strategy suite. Morningstar named him winner of the 2020 U.S. Morningstar Award for Investing Excellence in the Rising Talent category.
Qi Wang   (2022-10-03)
Ms. Wang is CIO Portfolio Implementation, a member of the PM management committee, and a managing director in the Newport Beach office. She oversees portfolio implementation, portfolio management analytics, and the PM data delivery platform. She is also a portfolio manager for PIMCO’s global macro hedge fund strategies and a member of the Investment Committee. Prior to joining PIMCO in 2010, she was with HBK Capital Management for 11 years, most recently as a managing director and partner responsible for developed market fixed income. Ms. Wang was previously a fixed income analyst at Lehman Brothers. She holds a bachelor's degree in economics and molecular biochemistry and biophysics from Yale University.
Daniel J. Ivascyn   (2022-10-03)
Mr. Ivascyn is Group Chief Investment Officer and a managing director in the Newport Beach office. He is lead portfolio manager for the firm’s income strategies and credit hedge fund and mortgage opportunistic strategies. Prior to joining PIMCO in 1998, he worked at Bear Stearns in the asset-backed securities group, as well as T. Rowe Price and Fidelity Investments. He holds an MBA in analytic finance from the University of Chicago Graduate School of Business and a bachelor's degree in economics from Occidental College.
Mark R. Kiesel   (2014-09-26)
Mark R. Kiesel is CIO Global Credit at Pacific Investment Management Company LLC (“PIMCO”) and a managing director in the Newport Beach office. He is a member of the Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management. He joined PIMCO in 1996 and previously served as PIMCO’s global head of investment grade corporate bonds and as a senior credit analyst. He holds an MBA from the University of Chicago’s Graduate School of Business. He received his undergraduate degree from the University of Michigan.
Investment Advisor(s)
Pacific Investment Management Company, LLC
Issuer
PIMCO
Subadvisor(s)
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Show Data Definitions

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