Symetra

Morningstar® Investment Profile™

PIMCO VIT CommodityRealReturn® Strat Ins

Release date as of 2022-05-31. Data on page is subject to change.


	Snapshot		Ratings & Risk		Portfolio		Nuts & Bolts

Morningstar Report

Overall Morningstar Rating™
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As of 2022-05-31

Out of 101 Commodities Broad Basket Funds

Morningstar®
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As of 2022-03-31

Total Fund Assets ($ Mil)
708.45

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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	98.0
Cash	-33.8
Other	35.9

Total	100.0

Data through 2022-03-31

Morningstar Fixed-Income Sectors

% Fund
	Government	71.87
	Corporate	0.40
	Securitized	6.07
	Municipal	0.00
	Cash & Equivalents	11.31
	Other	10.34


Data through 2022-03-31

Credit Analysis

	% Bonds
AAA	95.32
AA	2.65
A	0.48
BBB	0.53
BB	0.30
B	0.19
Below B	0.53
Not Rated	0.00

Data through 2022-03-31

Holding Status

Total Number of Stock Holdings	0
Total Number of Bond Holdings	370
% of Net Assets in Top 10 Holdings	109.63

Turnover %	(as of 2021-12-31)	197.00
30 Day SEC Yield %		14.69

Top Holdings

	Maturity Date	Shares	Value $000	% of Net Assets

Pimco Cayman Cmdty Port I Ltd	2022-06-01	446	234,681	35.75
United States Treasury Notes 0.125% 0.125%	2026-10-15	110,395	116,093	17.68
Euro Schatz Future June 22	2022-06-09	---	-62,590	9.53
2 Year Treasury Note Future June 22	2022-07-01	---	60,149	9.16
United States Treasury Notes 0.125% 0.125%	2026-07-15	42,991	45,205	6.89

United States Treasury Notes 0.125% 0.125%	2024-10-15	41,093	42,995	6.55
US Treasury Bond Future June 22	2022-06-22	---	-42,340	6.45
United States Treasury Notes 0.125% 0.125%	2025-04-15	37,695	39,412	6.00
United States Treasury Notes 0.125% 0.125%	2023-01-15	37,612	38,927	5.93
United States Treasury Notes 0.625% 0.625%	2023-04-15	35,848	37,380	5.69

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, 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

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Other Information

Inception Date: 2012-04-30

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)

Senior 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)

Mr. Sharenow is an executive vice president in the Newport Beach office and a portfolio manager focusing on real assets. Prior to joining PIMCO in 2011, he was an energy trader at Hess Energy Trading, Goldman Sachs, and DE Shaw. Mr. Sharenow was previously senior energy economist at Goldman Sachs. He holds bachelor's degrees in mathematical methods in the social sciences and in economics from Northwestern University.

Investment Advisor(s)

Pacific Investment Management Company, LLC

Issuer

PIMCO

Subadvisor(s)

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Returns will vary and shares may be worth more or less than their original cost when sold.