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PIMCO RealEstateRealReturn Strategy Fund
mutual fund
PETPX
Payout Change
Pending
Price as of:
$24.99
+0.08
+0.32%
primary theme
Real Estate Sector Equity
share class
PETPX (Mutual Fund)
PIMCO RealEstateRealReturn Strategy Fund
Payout Change
Pending
Price as of:
$24.99
+0.08
+0.32%
primary theme
Real Estate Sector Equity
share class
PETPX (Mutual Fund)
PIMCO RealEstateRealReturn Strategy Fund
Payout Change
Pending
Price as of:
$24.99
+0.08
+0.32%
primary theme
Real Estate Sector Equity
share class
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.3%
1 yr return
4.9%
3 Yr Avg Return
-5.0%
5 Yr Avg Return
4.5%
Net Assets
$528 M
Holdings in Top 10
80.4%
52 WEEK LOW AND HIGH
$24.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 6.19%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 148.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PETPX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return -5.0%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.97%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePIMCO RealEstateRealReturn Strategy Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateMay 01, 2008
-
Shares OutstandingN/A
-
Share ClassI2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Rodosky
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances in real estate-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The Fund may invest in real estate-linked derivative instruments, including swap agreements, options, futures, options on futures and structured notes. The value of real estate-linked derivative instruments may be affected by risks similar to those associated with direct ownership of real estate. Real estate values can fluctuate due to losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, property tax rates, regulatory limitations on rents, zoning laws and operating expenses. The Fund may also invest directly in real estate investment trusts (“REIT”) and in common and preferred securities as well as convertible securities of issuers in real estate-related industries.The Fund typically will seek to gain exposure to the real estate market by investing in REIT total return swap agreements. In a typical REIT swap agreement, the Fund will receive the price appreciation (or depreciation) of a REIT index or portion of an index, from the counterparty to the swap agreement in exchange for paying the counterparty an agreed-upon fee. Investments in REIT swap agreements may be susceptible to additional risks, similar to those associated with direct investment in REITs, including changes in the value of underlying properties, defaults by borrowers or tenants, revisions to the Internal Revenue Code of 1986, as amended (the “Code”), changes in interest rates and poor performance by those managing the REITs. Assets not invested in real estate-linked derivative instruments may be invested in inflation-indexed securities and other Fixed Income Instruments, including derivative Fixed Income Instruments. In addition, Index derivatives may be purchased with a fraction of the assets that would be needed to purchase the securities directly, so that the remainder of the assets may be invested in Fixed Income Instruments.The average portfolio duration of the fixed income portion of this Fund will vary based on PIMCO’s market forecasts and under normal market conditions is not expected to exceed ten years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The Fund may invest up to 10% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest up to 30% of its total assets in securities denominated in foreign currencies and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers. The Fund may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 30% of its total assets in such instruments).The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buybacks or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities. The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.
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PETPX - Performance
Return Ranking - Trailing
| Period | PETPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -12.5% | 17.2% | 60.50% |
| 1 Yr | 4.9% | -12.5% | 17.8% | 62.61% |
| 3 Yr | -5.0%* | -13.7% | 4.8% | 83.90% |
| 5 Yr | 4.5%* | -12.6% | 12.7% | 18.02% |
| 10 Yr | 13.3%* | -2.5% | 13.4% | 1.25% |
* Annualized
Return Ranking - Calendar
| Period | PETPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.1% | -16.2% | 24.6% | 8.44% |
| 2022 | -39.9% | -51.3% | 2.5% | 88.56% |
| 2021 | 9.9% | -7.7% | 52.3% | 93.19% |
| 2020 | -10.9% | -42.2% | 35.0% | 70.72% |
| 2019 | 19.2% | 0.0% | 43.1% | 50.70% |
Total Return Ranking - Trailing
| Period | PETPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -12.5% | 17.2% | 60.50% |
| 1 Yr | 4.9% | -12.5% | 17.8% | 62.61% |
| 3 Yr | -5.0%* | -13.7% | 4.8% | 83.90% |
| 5 Yr | 4.5%* | -12.6% | 12.7% | 18.02% |
| 10 Yr | 13.3%* | -2.5% | 13.4% | 1.25% |
* Annualized
Total Return Ranking - Calendar
| Period | PETPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.1% | -13.7% | 25.0% | 40.51% |
| 2022 | -29.4% | -40.7% | 7.8% | 91.95% |
| 2021 | 53.7% | 7.8% | 54.6% | 1.28% |
| 2020 | -3.7% | -36.6% | 44.3% | 41.89% |
| 2019 | 29.5% | 4.1% | 46.4% | 30.70% |
NAV & Total Return History
PETPX - Holdings
Concentration Analysis
| PETPX | Category Low | Category High | PETPX % Rank | |
|---|---|---|---|---|
| Net Assets | 528 M | 2.26 M | 70.8 B | 45.89% |
| Number of Holdings | 548 | 22 | 548 | 1.68% |
| Net Assets in Top 10 | 450 M | 1.29 M | 32.8 B | 34.03% |
| Weighting of Top 10 | 80.43% | 13.2% | 82.2% | 2.94% |
Top 10 Holdings
- TSY INFL IX N/B 01/28 0.5 11.99%
- TSY INFL IX N/B 01/27 0.375 11.26%
- TSY INFL IX N/B 10/27 1.625 10.62%
- TSY INFL IX N/B 04/28 1.25 7.82%
- TSY INFL IX N/B 04/29 2.125 7.25%
- TSY INFL IX N/B 10/28 2.375 6.94%
- TSY INFL IX N/B 10/26 0.125 6.89%
- TSY INFL IX N/B 04/26 0.125 6.33%
- BUONI POLIENNALI DEL TES SR UNSECURED 144A REGS 05/25 1 6.01%
- WELLTOWER INC REIT USD1.0 5.31%
Asset Allocation
| Weighting | Return Low | Return High | PETPX % Rank | |
|---|---|---|---|---|
| Bonds | 149.68% | 0.00% | 149.68% | 1.68% |
| Stocks | 44.20% | 0.00% | 100.25% | 85.71% |
| Convertible Bonds | 0.23% | 0.00% | 10.95% | 5.49% |
| Preferred Stocks | 0.17% | 0.00% | 31.13% | 18.07% |
| Cash | 0.01% | -42.50% | 24.34% | 97.48% |
| Other | -82.45% | -82.45% | 106.21% | 99.58% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PETPX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 3.55% | 87.79% |
| Technology | 0.00% | 0.00% | 12.02% | 39.31% |
| Real Estate | 0.00% | 34.46% | 100.00% | 91.98% |
| Industrials | 0.00% | 0.00% | 7.39% | 87.40% |
| Healthcare | 0.00% | 0.00% | 0.53% | 87.79% |
| Financial Services | 0.00% | 0.00% | 37.05% | 89.31% |
| Energy | 0.00% | 0.00% | 33.11% | 87.79% |
| Communication Services | 0.00% | 0.00% | 11.61% | 1.53% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 88.17% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 21.76% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 6.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PETPX % Rank | |
|---|---|---|---|---|
| US | 44.20% | 0.00% | 100.25% | 85.29% |
| Non US | 0.00% | 0.00% | 36.61% | 95.38% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PETPX % Rank | |
|---|---|---|---|---|
| Government | 69.19% | 0.00% | 69.19% | 1.75% |
| Securitized | 6.97% | 0.00% | 96.61% | 5.26% |
| Derivative | 1.64% | -0.02% | 1.64% | 1.70% |
| Corporate | 0.64% | 0.00% | 99.81% | 21.93% |
| Cash & Equivalents | 0.01% | 0.00% | 100.00% | 89.36% |
| Municipal | 0.00% | 0.00% | 3.24% | 94.74% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PETPX % Rank | |
|---|---|---|---|---|
| US | 135.33% | 0.00% | 135.33% | 1.68% |
| Non US | 14.35% | 0.00% | 14.35% | 1.68% |
PETPX - Expenses
Operational Fees
| PETPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 6.19% | 0.07% | 8.91% | 2.55% |
| Management Fee | 0.84% | 0.00% | 1.50% | 68.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.35% | 0.01% | 0.45% | 93.22% |
Sales Fees
| PETPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PETPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PETPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 148.00% | 0.11% | 380.00% | 96.40% |
PETPX - Distributions
Dividend Yield Analysis
| PETPX | Category Low | Category High | PETPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.65% | 0.00% | 13.03% | 98.74% |
Dividend Distribution Analysis
| PETPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| PETPX | Category Low | Category High | PETPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.97% | -1.14% | 6.05% | 0.85% |
Capital Gain Distribution Analysis
| PETPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 12, 2024 | $0.103 | OrdinaryDividend |
| Dec 27, 2022 | $0.576 | OrdinaryDividend |
| Dec 07, 2022 | $0.773 | CapitalGainShortTerm |
| Dec 07, 2022 | $0.837 | CapitalGainLongTerm |
| Sep 08, 2022 | $0.515 | OrdinaryDividend |
| Jun 09, 2022 | $0.529 | OrdinaryDividend |
| Mar 10, 2022 | $0.901 | OrdinaryDividend |
| Dec 28, 2021 | $2.065 | OrdinaryDividend |
| Dec 08, 2021 | $0.395 | CapitalGainShortTerm |
| Dec 08, 2021 | $2.148 | CapitalGainLongTerm |
| Sep 09, 2021 | $4.480 | OrdinaryDividend |
| Jun 10, 2021 | $2.107 | OrdinaryDividend |
| Mar 11, 2021 | $1.375 | OrdinaryDividend |
| Dec 09, 2020 | $1.217 | CapitalGainLongTerm |
| Sep 10, 2020 | $0.363 | OrdinaryDividend |
| Jun 11, 2020 | $0.807 | OrdinaryDividend |
| Dec 26, 2019 | $0.317 | OrdinaryDividend |
| Sep 12, 2019 | $1.179 | OrdinaryDividend |
| Jun 13, 2019 | $0.522 | OrdinaryDividend |
| Mar 14, 2019 | $0.941 | OrdinaryDividend |
| Dec 26, 2018 | $0.070 | OrdinaryDividend |
| Sep 13, 2018 | $0.249 | OrdinaryDividend |
| Dec 27, 2017 | $0.241 | OrdinaryDividend |
| Sep 14, 2017 | $0.019 | OrdinaryDividend |
| Jun 15, 2017 | $0.106 | OrdinaryDividend |
| Mar 16, 2017 | $0.141 | OrdinaryDividend |
| Sep 15, 2016 | $0.135 | OrdinaryDividend |
| Jun 16, 2016 | $0.070 | OrdinaryDividend |
| Dec 29, 2015 | $0.997 | OrdinaryDividend |
| Sep 17, 2015 | $0.711 | OrdinaryDividend |
| Jun 18, 2015 | $0.331 | OrdinaryDividend |
| Mar 19, 2015 | $0.066 | OrdinaryDividend |
| Dec 29, 2014 | $4.773 | OrdinaryDividend |
| Sep 18, 2014 | $0.405 | OrdinaryDividend |
| Jun 19, 2014 | $0.248 | OrdinaryDividend |
| Mar 20, 2014 | $0.047 | OrdinaryDividend |
| Dec 27, 2013 | $0.422 | OrdinaryDividend |
| Dec 11, 2013 | $0.127 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.057 | CapitalGainLongTerm |
| Sep 19, 2013 | $0.364 | OrdinaryDividend |
| Jun 20, 2013 | $0.665 | OrdinaryDividend |
| Mar 21, 2013 | $0.244 | OrdinaryDividend |
| Dec 27, 2012 | $1.491 | OrdinaryDividend |
| Dec 12, 2012 | $0.863 | CapitalGainShortTerm |
| Dec 12, 2012 | $0.224 | CapitalGainLongTerm |
| Sep 20, 2012 | $0.734 | OrdinaryDividend |
| Jun 21, 2012 | $0.521 | OrdinaryDividend |
| Mar 22, 2012 | $0.859 | OrdinaryDividend |
| Dec 28, 2011 | $0.936 | OrdinaryDividend |
| Dec 07, 2011 | $0.604 | CapitalGainShortTerm |
| Dec 07, 2011 | $0.132 | CapitalGainLongTerm |
| Sep 15, 2011 | $0.592 | OrdinaryDividend |
| Jun 16, 2011 | $0.622 | OrdinaryDividend |
| Mar 17, 2011 | $0.148 | OrdinaryDividend |
| Dec 31, 2010 | $1.219 | OrdinaryDividend |
| Sep 16, 2010 | $1.643 | OrdinaryDividend |
| Jun 17, 2010 | $1.184 | OrdinaryDividend |
| Mar 18, 2010 | $2.905 | OrdinaryDividend |
PETPX - Fund Manager Analysis
Managers
Stephen Rodosky
Start Date
Tenure
Tenure Rank
Jan 09, 2019
3.39
3.4%
Mr. Rodosky is a managing director in the Newport Beach office and a portfolio manager for real return and U.S. long duration strategies. He leads the rates liquid products team and also serves as head of talent management for portfolio management in the U.S. Prior to joining PIMCO in 2001, Mr. Rodosky was vice president of institutional sales with Merrill Lynch. He has 25 years of investment experience and holds a master's degree in financial markets from Illinois Institute of Technology. He received an undergraduate degree from Villanova University.
Daniel He
Start Date
Tenure
Tenure Rank
Dec 11, 2019
2.47
2.5%
Mr. He is a Senior Vice President and portfolio manager. Mr. He is a member of the liquid products group specializing in real return and mortgage-backed securities. Prior to joining PIMCO in 2011, he structured and traded derivative strategies for a global macro hedge fund. He previously developed trading strategies at a hedge fund that focused on foreign exchange volatility. 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.
Ray Huang
Start Date
Tenure
Tenure Rank
Feb 01, 2022
0.33
0.3%
Executive Vice President, PIMCO. Mr. Huang is a portfolio manager in the Newport Beach office, focusing on real estate investment trusts (REITs) and hotel companies. Prior to joining PIMCO in 2013, he was an analyst at Green Street Advisors focusing on residential REITs. Previously, he was an equity analyst covering homebuilding and building products at J.P. Morgan. He has investment experience since 2005 and holds an undergraduate degree in operations research and industrial engineering from Cornell University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.32 | 2.68 |
