The upcoming retirement of PIMCO Inflation Response Multi Asset Fund’s longtime lead manager leads to some uncertainty, but the strategy’s well-tested approach will remain consistent. A People Pillar downgrade to Average from Above Average results in a Morningstar Analyst Rating downgrade to Bronze from Silver for the strategy’s cheapest share class, while the two more-expensive move to Neutral from Bronze.
Will PPRMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PPRMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PPRMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PPRMX’s parent organization’s priorities and whether they’re in line with investors’ interests.