PIMCO VIT CommodityRealReturn® Strat Adm |
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Release date as of 2024-11-30. 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 2024-11-30 |
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Out of 97 Commodities Broad Basket Funds
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Total Fund Assets ($ Mil) |
362.52 |
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Investment Objective & Strategy |
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The investment seeks maximum real return, consistent with prudent investment management.
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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. |
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Morningstar Category: Commodities Broad Basket |
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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.
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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. |
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% of Net Assets |
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U.S. Stocks |
0.0 |
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Non-U.S. Stocks |
-0.8 |
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Bonds |
61.8 |
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Cash |
-22.2 |
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Other |
61.2 |
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Total |
100.0 |
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Data through
2024-06-30 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
59.22 |
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Corporate |
0.09 |
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Securitized |
10.33 |
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Municipal |
0.00 |
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Cash & Equivalents |
25.42 |
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Derivative |
4.93 |
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% Bonds |
AAA |
71.56 |
AA |
21.00 |
A |
2.14 |
BBB |
3.31 |
BB |
0.81 |
B |
0.29 |
Below B |
0.88 |
Not Rated |
0.00 |
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Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
267 |
% of Net Assets in Top 10 Holdings |
137.30 |
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Turnover % |
(as of 2023-12-31) |
190.00 |
30 Day SEC Yield % |
1.87 |
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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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2 Year Treasury Note Future Sept 24 |
2024-10-01 |
--- |
-111,710 |
28.61 |
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Pimco Cayman Cmdty Port I Ltd |
2024-10-01 |
379 |
95,829 |
24.55 |
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TRS R 5.5/91282CDC2 MYC |
2024-07-22 |
75,000 |
81,896 |
20.98 |
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US Treasury Bond Future Sept 24 |
2024-09-20 |
--- |
-61,758 |
15.82 |
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United States Treasury Notes 1.625% |
2027-10-15 |
42,077 |
41,400 |
10.60 |
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TRS R 5.49/912828S50 MYC |
2024-07-22 |
25,000 |
31,323 |
8.02 |
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United States Treasury Notes 1.25% |
2028-04-15 |
31,397 |
30,331 |
7.77 |
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United States Treasury Notes 2.375% |
2028-10-15 |
28,154 |
28,530 |
7.31 |
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Ultra 10 Year US Treasury Note Future Sept 24 |
2024-09-20 |
--- |
27,982 |
7.17 |
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United States Treasury Notes 0.125% |
2025-10-15 |
26,108 |
25,252 |
6.47 |
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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, 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, Fixed-Income Securities, Sovereign Debt, Management, Structured Products |
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Show Risk Definitions |
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Inception Date: 2004-06-30 |
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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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Andrew Dewitt (2022-02-01) |
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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. |
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Greg E. Sharenow (2018-11-01) |
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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. |
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Pacific Investment Management Company, LLC |
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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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