Morningstar

PIMCO RealPath Blend 2035 Fund Institutional Class PDGZX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 16.65  /  +0.42 %
  • Total Assets 680.7M
  • Adj. Expense Ratio
    0.220%
  • Expense Ratio 0.040%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Target-Date 2035
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Status Open
  • TTM Yield 4.28%
  • Turnover 37%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis PDGZX

Will PDGZX 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 PDGZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PDGZX 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 PDGZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A leadership transition tests this series’ strong framework.

Senior Analyst David Reyna

David Reyna

Senior Analyst

Summary

Lead portfolio manager Erin Browne’s departure in May 2026 lowers conviction in Pimco RealPath Blend target-date series, resulting in a People Pillar downgrade to Above Average from High. The series retains an experienced bench of managers and a strong open-architecture approach that combines low-cost passive equity with Pimco’s active fixed-income lineup, which should continue to serve investors well.

by David Reyna
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PDGZX

More PDGZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 94.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard Institutional Index Instl Pl

34.56 234M
—

Vanguard Developed Markets Index Ins Pls

15.51 105M
—

PIMCO Total Return Instl

9.34 63M
—

Vanguard Emerging Mkts Stock Idx Instl

7.45 50M
—

PIMCO Income Instl

5.70 39M
—

PIMCO Long-Term Real Return Instl

5.57 38M
—

PIMCO Long-Term US Government Instl

4.74 32M
—

PIMCO Real Return Instl

3.99 27M
—

PIMCO Emerging Mkts Lcl Ccy and Bd Instl

3.82 26M
—

Pimco Fds

3.51 24M
Cash and Equivalents

Sponsor Center