Morningstar

PIMCO Inflation Response Multi-Asset Fund Class I-3 PFRMX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.15  /  −0.11 %
  • Total Assets 2.2B
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 1.990%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Global Conservative Allocation
  • Investment Style Mid Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 8.39%
  • Turnover 322%

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

Morningstar’s Analysis PFRMX

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

  • People Pillar

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

An impressive team with a nuanced approach to inflation-sensitive returns.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

The team behind Pimco Inflation Response Multi-Asset continues to impress with its considerable experience and resources, despite some changes. Management consistently applies a thorough, hands-on approach to inflation-sensitive total returns.

by Vedran Beogradlija
Rated on Published on

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Portfolio Holdings PFRMX

More PFRMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Euro Bund Future June 26

14.67 74M
Government

RFR USD SOFR/3.32500 07/06/26-4Y* LCH Receive

12.88 65M
Government

Gold Future June 26

10.69 54M
—

PIMCO SHORT TM FLT NAV PO

10.63 53M
—

3 Month Euribor Future Sept26

9.58 48M
Government

RFR GBP SONIO/3.50000 03/18/26-5Y LCH Receive

8.55 43M
Government

Federal National Mortgage Association 4.5%

8.35 42M
Securitized

Long-Term Euro BTP Future June 26

7.78 39M
Government

5 Year Treasury Note Future June 26

6.92 35M
Government

Federal National Mortgage Association 6%

6.09 31M
Securitized

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