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PIMCO Real Return Fund
mutual fund
PRRRX
Payout Change
Pending
Price as of:
$9.94
-0.05
-0.5%
primary theme
TIPS
PRRRX (Mutual Fund)
PIMCO Real Return Fund
Payout Change
Pending
Price as of:
$9.94
-0.05
-0.5%
primary theme
TIPS
PRRRX (Mutual Fund)
PIMCO Real Return Fund
Payout Change
Pending
Price as of:
$9.94
-0.05
-0.5%
primary theme
TIPS
Name
As of 12/19/2024Price
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
1.5%
1 yr return
1.0%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
1.4%
Net Assets
$8.07 B
Holdings in Top 10
41.0%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 104.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
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
PRRRX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.51%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO Real Return Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateMar 11, 2003
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Rodosky
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Assets not invested in inflation-indexed bonds may be invested in other types of 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. Inflation-indexed bonds are fixed income securities that are structured to provide protection against inflation. The value of the bond’s principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure. The U.S. Treasury uses the Consumer Price Index for Urban Consumers as the inflation measure. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect a comparable inflation index, calculated by that government. “Real return” equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure. Additionally, “real yield” equals “nominal yield” less the market implied rate of inflation, and “nominal yield” is the interest rate that an issuer has promised to pay on an instrument that is not an inflation-linked instrument.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. Effective duration, the most common method of calculating duration, takes into account that for certain bonds expected cash flows will fluctuate as interest rates change and is defined in nominal yield terms, which is market convention for most bond investors and managers. Because market convention for bonds is to use nominal yields to measure effective duration, effective duration for real return bonds, which are based on real yields, are converted through a conversion factor. The resulting nominal effective duration typically can range from 20% and 90% of the respective real effective duration. All security holdings will be measured in nominal effective duration terms. Similarly, the effective duration of the Bloomberg U.S. TIPS Index will be calculated using the same conversion factors. The effective duration of this Fund normally varies within three years (plus or minus) of the effective duration of the securities comprising the Bloomberg U.S. TIPS Index, as calculated by PIMCO, which as of May 31, 2024 was 6.62 years.The Fund invests primarily in investment grade securities, but may invest up to 10% of its total assets in high yield securities (“junk bonds”) rated B or higher by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality (except that within such 10% limitation, the Fund may invest in mortgage-related securities rated below B). 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 also 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 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 “SAI”). The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. 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 buy backs or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities.
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PRRRX - Performance
Return Ranking - Trailing
| Period | PRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -12.5% | 7.8% | 44.28% |
| 1 Yr | 1.0% | -11.5% | 8.7% | 46.27% |
| 3 Yr | -2.3%* | -17.1% | 4.4% | 60.71% |
| 5 Yr | 1.4%* | -7.7% | 4.6% | 66.14% |
| 10 Yr | 1.5%* | -2.4% | 3.4% | 72.52% |
* Annualized
Return Ranking - Calendar
| Period | PRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.4% | -8.7% | 5.1% | 49.25% |
| 2022 | -18.9% | -52.3% | -4.0% | 90.31% |
| 2021 | 0.4% | -7.9% | 7.7% | 58.33% |
| 2020 | 9.2% | -29.4% | 23.0% | 26.98% |
| 2019 | 6.4% | 0.8% | 16.7% | 18.62% |
Total Return Ranking - Trailing
| Period | PRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -12.5% | 7.8% | 44.28% |
| 1 Yr | 1.0% | -11.5% | 8.7% | 46.27% |
| 3 Yr | -2.3%* | -17.1% | 4.4% | 60.71% |
| 5 Yr | 1.4%* | -7.7% | 4.6% | 66.14% |
| 10 Yr | 1.5%* | -2.4% | 3.4% | 72.52% |
* Annualized
Total Return Ranking - Calendar
| Period | PRRRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -5.2% | 9.5% | 58.29% |
| 2022 | -11.7% | -40.1% | 9.2% | 53.57% |
| 2021 | 5.0% | -2.7% | 37.6% | 68.75% |
| 2020 | 11.6% | -0.5% | 27.5% | 19.05% |
| 2019 | 7.5% | 2.8% | 19.3% | 44.68% |
NAV & Total Return History
PRRRX - Holdings
Concentration Analysis
| PRRRX | Category Low | Category High | PRRRX % Rank | |
|---|---|---|---|---|
| Net Assets | 8.07 B | 963 K | 54.3 B | 16.42% |
| Number of Holdings | 973 | 2 | 1463 | 1.00% |
| Net Assets in Top 10 | 3.21 B | 913 K | 25.5 B | 18.41% |
| Weighting of Top 10 | 41.03% | 9.4% | 100.0% | 67.50% |
Top 10 Holdings
- TSY INFL IX N/B 07/31 0.125 5.15%
- TSY INFL IX N/B 07/32 0.625 4.47%
- TSY INFL IX N/B 07/30 0.125 4.31%
- TSY INFL IX N/B 07/29 0.25 4.00%
- TSY INFL IX N/B 04/28 3.625 3.97%
- TSY INFL IX N/B 07/28 0.75 3.92%
- BUONI POLIENNALI DEL TES SR UNSECURED 144A REGS 05/25 1 3.87%
- TSY INFL IX N/B 04/29 3.875 3.86%
- TSY INFL IX N/B 01/31 0.125 3.78%
- TSY INFL IX N/B 01/28 1.75 3.70%
Asset Allocation
| Weighting | Return Low | Return High | PRRRX % Rank | |
|---|---|---|---|---|
| Bonds | 112.10% | 0.00% | 206.20% | 3.48% |
| Other | 1.61% | -58.58% | 66.48% | 37.81% |
| Cash | 0.85% | -42.00% | 15.77% | 44.28% |
| Convertible Bonds | 0.17% | 0.00% | 3.96% | 27.86% |
| Preferred Stocks | 0.09% | 0.00% | 1.89% | 9.45% |
| Stocks | 0.00% | 0.00% | 100.03% | 31.34% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PRRRX % Rank | |
|---|---|---|---|---|
| Government | 64.33% | 6.70% | 112.97% | 83.08% |
| Securitized | 7.19% | 0.00% | 58.03% | 16.42% |
| Cash & Equivalents | 0.85% | 0.00% | 15.13% | 40.30% |
| Derivative | 0.77% | -26.67% | 16.13% | 39.80% |
| Corporate | 0.53% | 0.00% | 50.64% | 56.22% |
| Municipal | 0.00% | 0.00% | 1.28% | 41.79% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PRRRX % Rank | |
|---|---|---|---|---|
| US | 100.54% | 0.00% | 184.29% | 7.96% |
| Non US | 11.56% | 0.00% | 42.19% | 6.47% |
PRRRX - Expenses
Operational Fees
| PRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | 22.29% | 19.10% |
| Management Fee | 0.60% | 0.00% | 0.99% | 97.01% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 64.04% |
| Administrative Fee | 0.35% | 0.01% | 0.40% | 94.59% |
Sales Fees
| PRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| PRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| PRRRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 104.00% | 0.00% | 246.00% | 85.42% |
PRRRX - Distributions
Dividend Yield Analysis
| PRRRX | Category Low | Category High | PRRRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.53% | 0.00% | 14.25% | 67.16% |
Dividend Distribution Analysis
| PRRRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| PRRRX | Category Low | Category High | PRRRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.51% | -0.06% | 6.71% | 8.59% |
Capital Gain Distribution Analysis
| PRRRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.013 | OrdinaryDividend |
| Oct 31, 2024 | $0.015 | OrdinaryDividend |
| Sep 30, 2024 | $0.012 | OrdinaryDividend |
| Aug 30, 2024 | $0.006 | OrdinaryDividend |
| Jul 31, 2024 | $0.023 | OrdinaryDividend |
| Apr 30, 2024 | $0.057 | OrdinaryDividend |
| Mar 28, 2024 | $0.013 | OrdinaryDividend |
| Feb 29, 2024 | $0.002 | OrdinaryDividend |
| Jan 31, 2024 | $0.002 | OrdinaryDividend |
| Dec 29, 2023 | $0.003 | OrdinaryDividend |
| Nov 30, 2023 | $0.023 | OrdinaryDividend |
| Oct 31, 2023 | $0.036 | OrdinaryDividend |
| Sep 29, 2023 | $0.015 | OrdinaryDividend |
| Aug 31, 2023 | $0.025 | OrdinaryDividend |
| Jul 31, 2023 | $0.024 | OrdinaryDividend |
| Jun 30, 2023 | $0.045 | OrdinaryDividend |
| May 31, 2023 | $0.025 | OrdinaryDividend |
| Apr 28, 2023 | $0.042 | OrdinaryDividend |
| Mar 31, 2023 | $0.019 | OrdinaryDividend |
| Feb 28, 2023 | $0.002 | OrdinaryDividend |
| Jan 31, 2023 | $0.002 | OrdinaryDividend |
| Dec 30, 2022 | $0.047 | OrdinaryDividend |
| Dec 27, 2022 | $0.076 | OrdinaryDividend |
| Dec 07, 2022 | $0.042 | CapitalGainShortTerm |
| Nov 30, 2022 | $0.004 | OrdinaryDividend |
| Oct 31, 2022 | $0.002 | OrdinaryDividend |
| Sep 30, 2022 | $0.006 | OrdinaryDividend |
| Aug 31, 2022 | $0.124 | OrdinaryDividend |
| Jul 29, 2022 | $0.101 | OrdinaryDividend |
| Jun 30, 2022 | $0.054 | OrdinaryDividend |
| May 31, 2022 | $0.141 | OrdinaryDividend |
| Apr 29, 2022 | $0.100 | OrdinaryDividend |
| Mar 31, 2022 | $0.081 | OrdinaryDividend |
| Feb 28, 2022 | $0.027 | OrdinaryDividend |
| Jan 31, 2022 | $0.041 | OrdinaryDividend |
| Dec 31, 2021 | $0.102 | OrdinaryDividend |
| Dec 28, 2021 | $0.006 | OrdinaryDividend |
| Nov 30, 2021 | $0.015 | OrdinaryDividend |
| Oct 29, 2021 | $0.017 | OrdinaryDividend |
| Sep 30, 2021 | $0.042 | OrdinaryDividend |
| Aug 31, 2021 | $0.082 | OrdinaryDividend |
| Jul 30, 2021 | $0.073 | OrdinaryDividend |
| Jun 30, 2021 | $0.073 | OrdinaryDividend |
| May 28, 2021 | $0.061 | OrdinaryDividend |
| Apr 30, 2021 | $0.052 | OrdinaryDividend |
| Mar 31, 2021 | $0.022 | OrdinaryDividend |
| Feb 26, 2021 | $0.002 | OrdinaryDividend |
| Jan 29, 2021 | $0.000 | OrdinaryDividend |
| Dec 31, 2020 | $0.000 | OrdinaryDividend |
| Dec 28, 2020 | $0.162 | OrdinaryDividend |
| Nov 30, 2020 | $0.008 | OrdinaryDividend |
| Oct 30, 2020 | $0.019 | OrdinaryDividend |
| Sep 30, 2020 | $0.003 | OrdinaryDividend |
| Aug 31, 2020 | $0.002 | OrdinaryDividend |
| Jul 31, 2020 | $0.003 | OrdinaryDividend |
| Jun 30, 2020 | $0.002 | OrdinaryDividend |
| May 29, 2020 | $0.002 | OrdinaryDividend |
| Apr 30, 2020 | $0.023 | OrdinaryDividend |
| Mar 31, 2020 | $0.014 | OrdinaryDividend |
| Feb 28, 2020 | $0.002 | OrdinaryDividend |
| Jan 31, 2020 | $0.002 | OrdinaryDividend |
| Dec 31, 2019 | $0.018 | OrdinaryDividend |
| Nov 29, 2019 | $0.004 | OrdinaryDividend |
| Oct 31, 2019 | $0.002 | OrdinaryDividend |
| Sep 30, 2019 | $0.011 | OrdinaryDividend |
| Aug 30, 2019 | $0.003 | OrdinaryDividend |
| Jul 31, 2019 | $0.023 | OrdinaryDividend |
| Dec 29, 2014 | $0.252 | ExtraDividend |
| Dec 10, 2014 | $0.003 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.063 | CapitalGainLongTerm |
| Dec 12, 2012 | $0.122 | CapitalGainShortTerm |
| Dec 12, 2012 | $0.151 | CapitalGainLongTerm |
| Dec 07, 2011 | $0.156 | CapitalGainShortTerm |
| Dec 07, 2011 | $0.233 | CapitalGainLongTerm |
| Dec 31, 2010 | $0.017 | ExtraDividend |
| Dec 30, 2009 | $0.137 | ExtraDividend |
| Dec 10, 2008 | $0.391 | CapitalGainShortTerm |
| Dec 12, 2007 | $0.375 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.075 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.000 | CapitalGainLongTerm |
| Dec 13, 2004 | $0.276 | CapitalGainShortTerm |
| Dec 13, 2004 | $0.046 | CapitalGainLongTerm |
| Dec 10, 2003 | $0.219 | CapitalGainShortTerm |
| Dec 10, 2003 | $0.291 | CapitalGainLongTerm |
PRRRX - 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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.56 | 11.1 |
