| PIMCO VIT CommodityRealReturn® Strat Ins |
|
 |
|
| Release date as of 2025-05-31. Data on page is subject to change. |
|
|
Overall Morningstar
Rating™
|
| What is this?
|
|
 |
| As of 2025-05-31 |
|
Out of 96
Commodities Broad Basket Funds
|
|
|
|
|
|
| Total Fund Assets ($ Mil) |
| 377.21 |
|
|
|
| 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.
|
|
|
| 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. |
|
|
|
% of Net Assets |
|
| U.S. Stocks |
0.0 |
|
| Non-U.S. Stocks |
0.0 |
|
| Bonds |
107.8 |
|
| Cash |
-47.9 |
|
| Other |
40.2 |
|
|
| Total |
100.0 |
|
|
|
|
|
Data through
2025-03-31 |
|
|
|
|
| Morningstar Fixed-Income Sectors |
|
| % Fund |
 |
Government |
65.33 |
 |
Corporate |
0.08 |
 |
Securitized |
8.79 |
 |
Municipal |
0.00 |
 |
Cash & Equivalents |
17.74 |
 |
Derivative |
8.06 |
|
|
|
% Bonds |
| AAA |
73.89 |
| AA |
19.25 |
| A |
1.63 |
| BBB |
2.97 |
| BB |
1.42 |
| B |
0.23 |
| Below B |
0.61 |
| Not Rated |
0.00 |
|
|
|
|
|
| Total Number of Stock Holdings |
0 |
| Total Number of Bond Holdings |
258 |
| % of Net Assets in Top 10 Holdings |
116.64 |
|
|
| Turnover % |
(as of 2024-12-31) |
190.00 |
| 30 Day SEC Yield % |
3.55 |
|
|
Maturity
Date
|
Shares
|
Value
$000
|
% of Net
Assets
|
 |
|
|
|
|
|
 |
Pimco Cayman Cmdty Port I Ltd |
2025-06-01 |
379 |
112,763 |
28.27 |
 |
2 Year Treasury Note Future June 25 |
2025-07-01 |
--- |
-81,237 |
20.36 |
 |
United States Treasury Notes 0.125% |
2026-07-15 |
48,546 |
48,328 |
12.11 |
|
United States Treasury Notes 1.625% |
2027-10-15 |
42,661 |
43,370 |
10.87 |
|
United States Treasury Notes 1.625% |
2029-10-15 |
33,525 |
34,008 |
8.52 |
 |
|
United States Treasury Notes 1.25% |
2028-04-15 |
31,824 |
31,840 |
7.98 |
|
United States Treasury Notes 2.375% |
2028-10-15 |
28,551 |
29,752 |
7.46 |
|
United States Treasury Notes 2.125% |
2029-04-15 |
28,267 |
29,112 |
7.30 |
|
TRS R 4.49/91282CDC2 MYC |
2025-04-25 |
25,000 |
29,066 |
7.29 |
|
Ultra 10 Year US Treasury Note Future June 25 |
2025-06-19 |
--- |
25,858 |
6.48 |
|
|
 |
|
|
|
|
|
| Short Sale, Credit and Counterparty, Inflation-Protected Securities, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Quantitative Investing, High Portfolio Turnover, Issuer, Interest Rate, Market/Market Volatility, Commodity, 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, Structured Products |
|
| Show Risk Definitions |
|
|
| Inception Date: 2012-04-30 |
|
| 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. |
|
| Michael Cudzil (2025-06-02) |
|
| Mr. Cudzil is a managing director in the Newport Beach office, a senior member of the liability-driven investment portfolio management team and a generalist portfolio manager. He has served as chair of the Americas Portfolio Committee, as a rotating member on the PIMCO Investment Committee and as co-head of the agency MBS portfolio management team. Prior to joining PIMCO in 2012, he worked as a managing director and head of pass-through trading at Nomura. Mr. Cudzil previously held similar roles at Bank of America and Lehman Brothers, as well as a senior trading position at Salomon Brothers. He holds a bachelor’s degree in political science from the University of Pennsylvania. |
|
| 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. |
|
| Daniel He (2025-06-02) |
|
| 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. |
|
|
|
| Pacific Investment Management Company, LLC |
|
|
|
|
|
|
|
|
© Copyright 2025 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
|
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.
|
|
