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Rekenthaler Report

Why PIMCO’s RealPath Funds Expired

They landed on the wrong side of history.


Closing Shop
As of February 2020, PIMCO's RealPath target-date funds will be no more. The company is shuttering the series, for the usual reason of poor sales. The funds were launched a decade ago but possess only a collective $140 million. Worse yet, they have suffered more than $30 million in outflows so far this year. You don't need to have majored in math to understand those consequences.

Some liquidations are random; the fund performs badly, for its own reasons, and is therefore dispatched. This closure is not random. The failure of the RealPath series illustrates three realities of today's mutual fund business.

John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.