Morningstar

PIMCO Real Return Fund I-3 PRNPX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.75  /  +0.10 %
  • Total Assets 7.8B
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.770%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Inflation-Protected Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 4.73%
  • Effective Duration 7.24 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRNPX

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

  • People Pillar

    The People Pillar is our evaluation of the PRNPX 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 PRNPX’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 PRNPX

More PRNPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

3 Month SOFR Future Dec 26

9.61 756M
Government

TRS R SOFRRATE+12/91282CCM1 MYC

5.52 434M
—

EUROPEAN MONETARY UNION EURO Purchased

5.42 426M
Derivative

United States Treasury Notes 2.125%

4.75 374M
Government

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

4.73 372M
Government

United States Treasury Notes 0.625%

4.66 366M
Government

United States Treasury Notes 1.375%

4.39 345M
Government

United States Treasury Notes 1.875%

4.19 330M
Government

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

4.17 328M
Government

United States Treasury Bonds 3.875%

3.87 305M
Government

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