Morningstar® Investment Profile™   Morningstar®
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PIMCO VIT CommodityRealReturn® Strat Adm
Release date as of 2024-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2024-04-30
Out of 99
Commodities Broad Basket Funds
Style Box™
What is this?
As of 2023-12-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks maximum real return, consistent with prudent investment management.
The portfolio seeks to achieve its investment objective by investing under normal circumstances in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. It invests in commodity-linked derivative instruments, including swap agreements, futures, options on futures, commodity index-linked notes and commodity options, that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities.
  Morningstar Category: Commodities Broad Basket
Broad-basket portfolios can invest in a diversified basket of commodity goods including but not limited to grains, minerals, metals, livestock, cotton, oils, sugar, coffee, and cocoa. Investment can be made directly in physical assets or commodity-linked derivative instruments, such as commodity swap agreements. 
  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 36.2
Cash -4.3
Other 68.1
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2023-12-31
Morningstar Fixed-Income Sectors
% Fund
Government 53.48
Corporate 0.08
Securitized 7.83
Municipal 0.00
Cash & Equivalents 33.82
Derivative 4.79
Data through 2023-12-31
Credit Analysis
% Bonds
AAA 74.84
AA 18.47
A 2.13
BBB 2.81
BB 0.65
B 0.30
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 288
% of Net Assets in Top 10 Holdings 119.85
Turnover % (as of 2023-12-31) 190.00
30 Day SEC Yield % 7.65
Top Holdings
% of Net
Pimco Cayman Cmdty Port I Ltd 2024-05-01 379 83,563 21.12
TRS R 5.57/91282CDC2 MYC 2024-01-09 75,000 81,240 20.53
2 Year Treasury Note Future Mar 24 2024-03-29 --- -52,714 13.32
US Treasury Bond Future Mar 24 2024-03-20 --- -48,975 12.38
Euro Schatz Future Mar 24 2024-03-08 --- -48,490 12.25
United States Treasury Notes 1.625% 2027-10-15 41,277 41,017 10.37
TRS R 5.62/912828S50 MYC 2024-01-16 25,000 30,988 7.83
TRS P 5.46/912828YL8 MYC 2024-01-16 26,000 -30,500 7.71
TRS R 5.62/912828YL8 MYC 2024-01-16 26,000 30,490 7.71
United States Treasury Notes 0.125% 2025-10-15 27,267 26,231 6.63
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, Commodity, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, U.S. Federal Tax Treatment, Derivatives, Leverage, Fixed-Income Securities, Sovereign Debt, Management
Show Risk Definitions
  Other Information
Inception Date: 2004-06-30
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.
Andrew Dewitt   (2022-02-01)
Executive Vice President, PIMCO. Mr. DeWitt is a portfolio manager in the Newport Beach office, focusing on commodity and multi-real asset strategies. Previously, he managed PIMCO’s portfolio associate group and focused on portfolio optimization and other technology initiatives. He has investment experience since 2006 and holds undergraduate degrees in economics and sociology from Brown University.
Greg E. Sharenow   (2018-11-01)
Greg Sharenow is Managing Director, PIMCO. Mr. Sharenow is a portfolio manager in the Newport Beach office, focusing on commodities, real assets, and inflation solutions. He leads PIMCO’s commodity portfolio management group. He also co-manages PIMCO’s Energy and Tactical Credit Opportunities strategy. Prior to joining PIMCO in 2011, he was an energy trader at Hess Energy Trading, Goldman Sachs, and DE Shaw. He was previously senior energy economist at Goldman Sachs and before that, worked as a quantitative analyst in the Global Portfolio Analysis group at Goldman Sachs. His co-authored article, “Beating Benchmarks,” won the Second Annual Berstein Fabozzi/Jacobs Levy Award for Outstanding Article after it was published in the Journal of Portfolio Management. He has investment and financial services experience since 2000 and holds bachelor’s degrees in mathematical methods in the social sciences and in economics from Northwestern University. He is a member of the Council on Foreign Relations.
Investment Advisor(s)
Pacific Investment Management Company, LLC
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