Morningstar® Investment Profile™   Morningstar®
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PIMCO VIT Real Return Instl
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2022-05-31
Out of 200
Inflation-Protected Bond Funds
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks maximum real return, consistent with preservation of real capital and prudent investment management.
The portfolio 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.
  Morningstar Category: Inflation-Protected Bond
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. 
  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 0.0
Non-U.S. Stocks 0.0
Bonds 108.3
Cash -8.5
Other 0.2
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2022-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 63.08
Corporate 0.76
Securitized 5.21
Municipal 0.00
Cash & Equivalents 21.94
Other 9.00
Data through 2022-03-31
Credit Analysis
% Bonds
AAA 92.22
AA 3.54
A 0.83
BBB 1.65
BB 0.50
B 0.30
Below B 0.97
Not Rated 0.00
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 443
% of Net Assets in Top 10 Holdings 59.51
Turnover % (as of 2021-12-31) 162.00
30 Day SEC Yield % 17.26
Top Holdings
% of Net
Euro Schatz Future June 22 2022-06-09 2 -249,745 13.25
United States Treasury Notes 0.125% 0.125% 2031-07-15 154,014 163,945 8.70
10 Year Treasury Note Future June 22 2022-06-22 1 -142,504 7.56
5 Year Treasury Note Future June 22 2022-07-01 --- 106,990 5.68
United States Treasury Bonds 1.375% 1.375% 2044-02-15 69,182 88,779 4.71
United States Treasury Notes 0.5% 0.5% 2028-01-15 81,026 86,719 4.60
Euro Bobl Future June 22 2022-06-09 --- -81,151 4.31
US Treasury Bond Future June 22 2022-06-22 --- -67,563 3.58
United States Treasury Notes 0.25% 0.25% 2029-07-15 62,870 67,160 3.56
United States Treasury Bonds 0.75% 0.75% 2045-02-15 58,367 67,080 3.56
Data through 2022-03-31
  Principal Risks   
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
Show Risk Definitions
  Other Information
Inception Date: 2000-04-10
Portfolio Manager(s)
Stephen A. Rodosky   (2019-01-09)
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.
Daniel He   (2019-12-11)
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.
Investment Advisor(s)
Pacific Investment Management Company, LLC
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