Morningstar

PIMCO Real Return Fund Class I-2 PRLPX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 10.17  /  +0.10 %
  • Total Assets 7.8B
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.650%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Inflation-Protected Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 4.60%
  • Effective Duration 7.24 years

USD | NAV as of Jul 10, 2026 | 1-Day Return as of Jul 10, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRLPX

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

  • People Pillar

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

A manager change hasn’t shaken our conviction in this strategy.

Principal Shannon Kirwin

Shannon Kirwin

Principal

Summary

This US Treasury Inflation-Protected Securities strategy remains elite, despite a recent personnel change.

by Shannon Kirwin
Rated on Published on

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Portfolio Holdings PRLPX

More PRLPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

7.09 551M
Government

Federal National Mortgage Association 4.5%

5.54 431M
Securitized

TRS R 3.78/91282CCM1 MYC

5.49 426M
—

RFR USD SOFR/3.75000 09/02/25-7Y* LCH Receive

4.73 367M
Government

United States Treasury Notes 0.625%

4.69 364M
Government

United States Treasury Notes 2.125%

4.53 352M
Government

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

4.31 335M
Government

United States Treasury Notes 1.875%

4.23 328M
Government

RFRF USD SOFR/2.30000 11/15/23-5Y LCH Receive

4.23 328M
Government

United States Treasury Notes 1.375%

4.12 320M
Government

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