Morningstar

PIMCO Commodity Real Return Strategy Fund Class I-3 PCRNX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 16.17  /  +1.13 %
  • Total Assets 4.1B
  • Adj. Expense Ratio
    0.890%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Commodities Broad Basket
  • Investment Style Large Blend
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 12.53%
  • Turnover 268%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PCRNX

Will PCRNX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCRNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCRNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PCRNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite some changes, team talent and a comprehensive approach continue to set this unique fund apart.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

Pimco Commodity Real Return has seen some changes to its manager roster. Nevertheless, it continues to benefit from a talented group of experienced portfolio managers who ply a thoughtful, hands-on approach to commodities.

by Vedran Beogradlija
Rated on Published on

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Portfolio Holdings PCRNX

More PCRNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 64.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Pimco Cayman Cmdty Fd Ltd Instl

34.90 2B
—

JAPANESE YEN Purchased

21.67 990M
Derivative

5 Year Treasury Note Future June 26

10.85 496M
Government

IRS EUR 2.75000 09/16/26-10Y LCH Receive

8.47 387M
Government

TRS R SOFRRATE+11.5/9128283R9 SOG

7.87 359M
—

Euro Schatz Future June 26

7.55 345M
Government

United States Treasury Notes 2.125%

6.76 309M
Government

TRS R 3.78/91282CFR7 BPS

6.12 280M
—

United States Treasury Notes 0.375%

6.01 275M
Government

United States Treasury Notes 1.625%

5.99 274M
Government

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