Morningstar

PIMCO RealPath Blend 2040 Fund Institutional Class PVPNX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 18.44  /  −0.43 %
  • Total Assets 633.2M
  • Adj. Expense Ratio
    0.180%
  • Expense Ratio 0.050%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Status Open
  • TTM Yield 3.17%
  • Turnover 15%

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PVPNX

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

  • People Pillar

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

A leadership transition tests this series’ strong framework.

Senior Analyst David Reyna

David Reyna

Senior Analyst

Summary

Lead portfolio manager Erin Browne’s departure in May 2026 lowers conviction in Pimco RealPath Blend target-date series, resulting in a People Pillar downgrade to Above Average from High. The series retains an experienced bench of managers and a strong open-architecture approach that combines low-cost passive equity with Pimco’s active fixed-income lineup, which should continue to serve investors well.

by David Reyna
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PVPNX

More PVPNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 94.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard Institutional Index Instl Pl

41.51 239M
—

Vanguard Developed Markets Index Ins Pls

18.48 107M
—

Vanguard Emerging Mkts Stock Idx Instl

8.99 52M
—

PIMCO Total Return Instl

6.48 37M
—

PIMCO Income Instl

3.73 21M
—

Vanguard Small Cap Index I

3.69 21M
—

PIMCO Long-Term Real Return Instl

3.55 20M
—

Pimco Fds

3.42 20M
Cash and Equivalents

PIMCO Emerging Mkts Lcl Ccy and Bd Instl

3.14 18M
—

PIMCO Real Return Instl

2.77 16M
—

Sponsor Center