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.
PIMCO Inflation Response Multi-Asst I2 PPRMX
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PPRMX outperform in 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 PPRMX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PPRMX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A new manager takes on an established mandate.
