PIMCO Inflation Response Multi-Asset Fund
Fund
PPRMX
Price as of:
$8.10
- $0.01
- 0.12%
Primary Theme
fund company
Name
As of 04/18/2024Price
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
1.3%
1 yr return
5.2%
3 Yr Avg Return
3.7%
5 Yr Avg Return
5.7%
Net Assets
$1.65 B
Holdings in Top 10
51.3%
52 WEEK LOW AND HIGH
$8.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 211.00%
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 04/18/2024Price
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
PPRMX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.38%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePIMCO Inflation Response Multi-Asset Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateAug 31, 2011
-
Shares OutstandingN/A
-
Share ClassI2
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CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Rodosky
Fund Description
The Fund is intended for investors who prefer to have their asset allocation decisions made by professional investment managers. PIMCO uses a three-step approach in seeking to achieve the Fund’s investment objective which consists of 1) developing a target asset allocation; 2) developing a series of relative value strategies designed to add value beyond the target allocation; and 3) utilizing hedging techniques to manage risks. PIMCO evaluates these three steps and uses varying combinations of Acquired Funds (defined below) and/or direct investments to implement them within the Fund.The Fund may invest in Institutional Class or Class M shares of any funds of the Trust and PIMCO Equity Series, an affiliated open-end investment company, except other funds of funds and PIMCO California Municipal Intermediate Value Fund, PIMCO California Municipal Opportunistic Value Fund, PIMCO National Municipal Intermediate Value Fund and PIMCO National Municipal Opportunistic Value Fund (“Underlying PIMCO Funds”), and may also invest in other affiliated funds, including funds of PIMCO ETF Trust, and unaffiliated funds (collectively, “Acquired Funds”). The term “fund of funds” refers to mutual funds that pursue their investment objective by investing all or a significant portion of their assets in other funds.The Fund seeks to achieve its investment objective by investing under normal circumstances in a combination of Fixed Income Instruments of varying maturities, equity securities, affiliated and unaffiliated investment companies, which may or may not be registered under the Investment Company Act of 1940, as amended (the “1940 Act”), forwards and derivatives, such as options, futures contracts or swap agreements, of various asset classes in seeking to mitigate the negative effects of inflation. Such asset classes include, but are not limited to, inflation-linked bonds, commodities, emerging market currencies and real estate-related 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 will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. The Fund may invest, without limitation, in any of the Underlying PIMCO Funds (except as described below). To the extent the Fund invests in Underlying PIMCO Funds, PIMCO expects to select such Underlying PIMCO Funds without considering or canvassing the universe of available unaffiliated Acquired Funds. When determining the target allocation for the strategy, PIMCO may use proprietary quantitative models. The target allocations may include long, short, or no positions in the underlying financial markets and asset classes specified in the models. The quantitative models are developed and maintained by PIMCO, and are subject to change over time without notice in PIMCO’s discretion. PIMCO also retains discretion over the final target asset allocation and the implementation of the target asset allocation, which may include positions that are different from target allocations determined by quantitative models.The Fund may invest in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities and corporations. 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. To mitigate the negative effects of inflation, the Fund seeks concurrent exposure to a broad spectrum of asset classes and other investments.The Fund may invest up to 25% of its total assets in equity-related investments (including investment in common stock, preferred securities, equity securities of Real Estate Investment Trusts (“REITs”) and/or investment in the Domestic Equity-Related Underlying PIMCO Funds, the International Equity-Related Underlying PIMCO Funds and the PIMCO RealEstateRealReturn Strategy Fund, an Underlying PIMCO Fund, and in other equity-related Acquired Funds). With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Fund may invest. The Fund may invest up to 50% of its total assets in commodity-related investments (including investment in the PIMCO Cayman Commodity Fund VII, Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”), and the PIMCO CommoditiesPLUS® Strategy Fund and PIMCO Commodity RealReturn Strategy Fund®, each an Underlying PIMCO Fund). The Subsidiary is advised by PIMCO and primarily invests in commodity-linked derivative instruments backed by a portfolio of Fixed Income Instruments and may also invest directly in commodities. As discussed in greater detail elsewhere in the prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements, other commodity-linked derivative instruments and directly in commodities. In order to comply with certain issuer diversification limits imposed by the Internal Revenue Code, the Fund may invest up to 25% of its total assets in the Subsidiary. The Fund will normally limit its net exposure to gold to 25% of its total assets. The Fund may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 25% of its total assets. The Fund may invest, without limitation, in high yield securities (“junk bonds”). The Fund may invest, without limitation, in securities and instruments that are economically tied to emerging market countries. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.The Fund’s assets are not allocated according to a predetermined blend of shares of the Acquired Funds and/or direct investments in securities, instruments and other investments. Instead, when making allocation decisions among the Acquired Funds, securities, instruments and other investments, PIMCO considers various qualitative and quantitative factors relating to the U.S. and non-U.S. economies, and securities and commodities markets. These factors include projected growth trends in the U.S. and non-U.S. economies, forecasts for interest rates and the relationship between short- and long-term interest rates (yield curve), current and projected trends in inflation, relative valuation levels in the equity, fixed income, commodity and real estate markets and various segments within those markets, the outlook and projected growth of various industrial sectors, information relating to business cycles, borrowing needs and the cost of capital, political trends, data relating to trade balances, and labor information. PIMCO uses these factors to help determine the Fund’s target asset allocation and to identify potentially attractive relative value and risk hedging strategies. PIMCO has the flexibility to reallocate the Fund’s assets among any or all of the investment exposures represented by affiliated or unaffiliated funds, or invest directly in securities, instruments and other investments, based on its ongoing analyses of the global economy and financial markets. While these analyses are performed daily, material shifts in investment exposures typically take place over longer periods of time.Once the target asset allocation, relative value strategies and risk hedging strategies have been determined, PIMCO then evaluates various combinations of affiliated or unaffiliated funds, securities, instruments and other investments to obtain the desired exposures and invests accordingly.
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PPRMX - Performance
Return Ranking - Trailing
| Period | PPRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -3.3% | 3.8% | 8.80% |
| 1 Yr | 5.2% | -6.8% | 12.7% | 17.60% |
| 3 Yr | 3.7%* | -10.6% | 5.6% | 4.10% |
| 5 Yr | 5.7%* | -9.0% | 5.8% | 1.74% |
| 10 Yr | 3.7%* | -2.2% | 3.8% | 2.25% |
* Annualized
Return Ranking - Calendar
| Period | PPRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.4% | -6.5% | 9.5% | 4.00% |
| 2022 | -16.6% | -24.6% | -1.5% | 61.79% |
| 2021 | 2.0% | -8.5% | 3.8% | 9.84% |
| 2020 | 8.5% | -16.2% | 11.1% | 3.36% |
| 2019 | 7.8% | 3.0% | 10.7% | 46.96% |
Total Return Ranking - Trailing
| Period | PPRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -3.3% | 3.8% | 8.80% |
| 1 Yr | 5.2% | -6.8% | 12.7% | 17.60% |
| 3 Yr | 3.7%* | -10.6% | 5.6% | 4.10% |
| 5 Yr | 5.7%* | -9.0% | 5.8% | 1.74% |
| 10 Yr | 3.7%* | -2.2% | 3.8% | 2.25% |
* Annualized
Total Return Ranking - Calendar
| Period | PPRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.4% | -5.6% | 13.3% | 86.40% |
| 2022 | -5.2% | -22.6% | 8.8% | 6.50% |
| 2021 | 13.7% | -8.5% | 13.8% | 1.64% |
| 2020 | 9.3% | -13.7% | 13.5% | 29.41% |
| 2019 | 9.9% | 5.7% | 18.4% | 73.91% |
NAV & Total Return History
PPRMX - Holdings
Concentration Analysis
| PPRMX | Category Low | Category High | PPRMX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.65 B | 8.81 M | 5.46 B | 19.20% |
| Number of Holdings | 745 | 2 | 2856 | 7.20% |
| Net Assets in Top 10 | 868 M | 9.14 M | 5.27 B | 21.60% |
| Weighting of Top 10 | 51.30% | 10.9% | 102.4% | 92.00% |
Top 10 Holdings
- GOLD CMX WR FAC 2001 JPM SAL 8.59%
- TSY INFL IX N/B 07/31 0.125 8.36%
- PIMCO EMERGING MARKETS CURRENC PIMCO EM MRK CUR + S/T INS 6.16%
- FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 6.15%
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 4.90%
- GOLD CMX WR FAC 5001 HSBC SAL 3.78%
- JAPAN GOVT CPI LINKED BONDS 03/29 0.1 3.53%
- FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 3.35%
- TSY INFL IX N/B 01/26 0.625 3.26%
- FRANCE (GOVT OF) BONDS REGS 07/24 0.25 3.22%
Asset Allocation
| Weighting | Return Low | Return High | PPRMX % Rank | |
|---|---|---|---|---|
| Bonds | 113.39% | 0.00% | 162.82% | 2.40% |
| Stocks | 12.18% | 0.00% | 103.14% | 89.60% |
| Cash | 0.40% | 0.00% | 73.32% | 60.80% |
| Convertible Bonds | 0.10% | 0.00% | 3.97% | 93.60% |
| Preferred Stocks | 0.04% | 0.00% | 1.20% | 8.00% |
| Other | -6.96% | -79.08% | 39.28% | 96.80% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PPRMX % Rank | |
|---|---|---|---|---|
| Real Estate | 78.69% | 0.00% | 78.69% | 0.80% |
| Energy | 9.05% | 0.00% | 27.98% | 4.80% |
| Communication Services | 4.31% | 0.00% | 11.71% | 92.80% |
| Healthcare | 2.50% | 0.00% | 19.76% | 97.60% |
| Financial Services | 1.56% | 0.00% | 20.10% | 93.60% |
| Basic Materials | 1.37% | 0.00% | 8.62% | 88.00% |
| Technology | 1.35% | 0.00% | 25.62% | 95.20% |
| Utilities | 0.76% | 0.00% | 91.26% | 96.00% |
| Consumer Cyclical | 0.41% | 0.00% | 12.36% | 93.60% |
| Industrials | 0.00% | 0.00% | 29.86% | 98.40% |
| Consumer Defense | 0.00% | 0.00% | 22.77% | 96.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PPRMX % Rank | |
|---|---|---|---|---|
| US | 12.18% | 0.00% | 103.14% | 89.60% |
| Non US | 0.00% | 0.00% | 14.08% | 26.40% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PPRMX % Rank | |
|---|---|---|---|---|
| Government | 51.17% | 0.00% | 62.10% | 7.20% |
| Securitized | 8.50% | 0.00% | 61.25% | 88.00% |
| Corporate | 0.41% | 0.00% | 73.91% | 97.60% |
| Cash & Equivalents | 0.40% | 0.00% | 73.04% | 52.80% |
| Municipal | 0.00% | 0.00% | 7.45% | 77.60% |
| Derivative | -0.58% | -0.67% | 39.28% | 97.60% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PPRMX % Rank | |
|---|---|---|---|---|
| US | 91.32% | 0.00% | 162.82% | 2.40% |
| Non US | 22.08% | 0.00% | 22.08% | 0.80% |
PPRMX - Expenses
Operational Fees
| PPRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.08% | 0.11% | 6.36% | 44.00% |
| Management Fee | 0.79% | 0.00% | 1.25% | 92.80% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.35% | 0.01% | 0.70% | 94.00% |
Sales Fees
| PPRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PPRMX 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.
| PPRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 211.00% | 6.00% | 318.00% | 92.04% |
PPRMX - Distributions
Dividend Yield Analysis
| PPRMX | Category Low | Category High | PPRMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.21% | 94.40% |
Dividend Distribution Analysis
| PPRMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | SemiAnnual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| PPRMX | Category Low | Category High | PPRMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.38% | -1.30% | 3.99% | 3.25% |
Capital Gain Distribution Analysis
| PPRMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 14, 2024 | $0.003 | OrdinaryDividend |
| Dec 28, 2023 | $0.000 | OrdinaryDividend |
| Dec 29, 2022 | $0.404 | OrdinaryDividend |
| Sep 08, 2022 | $0.259 | OrdinaryDividend |
| Jun 09, 2022 | $0.205 | OrdinaryDividend |
| Mar 10, 2022 | $0.148 | OrdinaryDividend |
| Dec 30, 2021 | $0.371 | OrdinaryDividend |
| Sep 09, 2021 | $0.357 | OrdinaryDividend |
| Jun 10, 2021 | $0.283 | OrdinaryDividend |
| Dec 30, 2020 | $0.047 | OrdinaryDividend |
| Jun 11, 2020 | $0.021 | OrdinaryDividend |
| Dec 31, 2019 | $0.101 | OrdinaryDividend |
| Sep 12, 2019 | $0.035 | OrdinaryDividend |
| Jun 13, 2019 | $0.025 | OrdinaryDividend |
| Dec 27, 2018 | $0.551 | OrdinaryDividend |
| Sep 13, 2018 | $0.145 | OrdinaryDividend |
| Jun 14, 2018 | $0.164 | OrdinaryDividend |
| Dec 28, 2017 | $0.276 | OrdinaryDividend |
| Sep 14, 2017 | $0.112 | OrdinaryDividend |
| Jun 15, 2017 | $0.105 | OrdinaryDividend |
| Mar 16, 2017 | $0.064 | OrdinaryDividend |
| Dec 29, 2016 | $0.039 | OrdinaryDividend |
| Dec 29, 2015 | $0.076 | OrdinaryDividend |
| Sep 17, 2015 | $0.083 | OrdinaryDividend |
| Jun 18, 2015 | $0.077 | OrdinaryDividend |
| Dec 30, 2014 | $0.706 | OrdinaryDividend |
| Sep 18, 2014 | $0.024 | OrdinaryDividend |
| Jun 19, 2014 | $0.016 | OrdinaryDividend |
| Mar 20, 2014 | $0.001 | OrdinaryDividend |
| Sep 19, 2013 | $0.011 | OrdinaryDividend |
| Jun 20, 2013 | $0.010 | OrdinaryDividend |
| Dec 27, 2012 | $0.103 | OrdinaryDividend |
| Sep 20, 2012 | $0.013 | OrdinaryDividend |
| Jun 21, 2012 | $0.026 | OrdinaryDividend |
| Mar 22, 2012 | $0.020 | OrdinaryDividend |
| Dec 28, 2011 | $0.131 | OrdinaryDividend |
PPRMX - 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.
Greg Sharenow
Start Date
Tenure
Tenure Rank
Feb 01, 2022
0.33
0.3%
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.
Emmanuel Sharef
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Dr. Sharef is an executive vice president and portfolio manager in the Newport Beach office. He is a member of the Americas Portfolio Committee and has served as a rotating member of the Investment Committee. Prior to joining PIMCO in 2011, he worked in the mortgage credit strategists group at Morgan Stanley. He has 11 years of investment and financial services experience and holds a Ph.D. in operations research from Cornell University, specializing in statistics and biometrics. He received an undergraduate degree from Princeton University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 26.96 | 6.45 | 12.09 |