Morningstar® Investment Profile™   Morningstar®
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PIMCO VIT Real Return Instl
Release date as of 2024-03-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-03-31
Out of 203
Inflation-Protected Bond Funds
Morningstar®
Style Box™
What is this?
As of 2023-12-31
Total Fund Assets ($ Mil)
1,438.19
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 55.2
Cash 16.8
Other 28.0
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2023-12-31
Morningstar Fixed-Income Sectors
% Fund
Government 53.05
Corporate 0.07
Securitized 7.45
Municipal 0.00
Cash & Equivalents 35.49
Derivative 3.95
Data through 2023-12-31
Credit Analysis
% Bonds
AAA 91.79
AA 2.90
A 1.72
BBB 2.14
BB 0.18
B 0.44
Below B 0.81
Not Rated 0.00
Data through 2023-12-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 435
% of Net Assets in Top 10 Holdings 67.23
Turnover % (as of 2023-12-31) 125.00
30 Day SEC Yield % 0.88
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Euro Schatz Future Mar 24 2024-03-08 2 -210,909 14.20
Ultra 10 Year US Treasury Note Future Mar 24 2024-03-20 1 139,258 9.38
5 Year Treasury Note Future Mar 24 2024-03-29 1 -112,689 7.59
US Treasury Bond Future Mar 24 2024-03-20 --- -101,074 6.81
10 Year Treasury Note Future Mar 24 2024-03-20 --- -83,426 5.62
United States Treasury Notes 0.625% 2032-07-15 86,505 79,322 5.34
United States Treasury Notes 0.5% 2028-01-15 80,040 75,847 5.11
Euro Bund Future Mar 24 2024-03-08 --- -75,335 5.07
United States Treasury Notes 0.875% 2029-01-15 65,055 62,377 4.20
United States Treasury Bonds 3.875% 2029-04-15 52,561 58,050 3.91
Data through 2023-12-31
  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, Structured Products
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
Issuer
PIMCO
Subadvisor(s)
---
Show Data Definitions

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