PIMCO Real Return Fund (PRTNX)

PIMCO Real Return Fund (PRTNX) is another inflation protected bond mutual fund. It is managed by Mihir Korah. It provides yield of 2.27%.

PIMCO Real Return Fund (MUTF: PRTNX)

The investment aim of PIMCO Real Return Fund is to seek maximum real return, with capital preservation and prudent investment management. The mutual fund invests >80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, and corporations. It may use forwards or derivatives such as options, futures contracts or swap agreements. It invests primarily in investment grade securities, but may invest up to 10% of its total assets in high yield securities (i.e. junk bonds) rated B or higher. The fund is non-diversified.

Fund Details
PIMCO Real Return Fund
PIMCO Fund holdings
  • Fund Inception Date: Jan 28, 1997
  • Ticker Symbol: PRTNX
  • CUSIP: 693391120
  • Beta (3yr): 1.20
  • Rank in category (YTD): 35%
  • Category: Inflation-Protected Bond
  • Distribution Rate: 2.27%
  • Capital Gains: 0%
  • Expense Ratio: 0.85%
  • Net Assets: $ 25.3 billion
  • Number of Years Up: 13 years
  • Number of Years Down: 2 years
  • Average Duration: 6.25 years
  • Average Maturity: 9.45 years
  • Annual Turnover Rate: 129.00%
Updated on 4/3/2013

Morningstar analysts rank this best mutual fund with Gold rating and 3-stars rating. It has a dividend yield of 2.27%. The fund manager is Mihir Korah. Korah has been managing the fund since December 2007.  The fund’s annual expense ratio is 0.85%. As part of PIMCO’s fund, it has large total net assets of $25.3 billion.

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Since the fund’s inception date in 1997, it has recorded 13 years of positive return and 2 years of negative return. The best 1-year total return was in 209 with 18.43%. The worst 1-year total return was in 2008 with -6.84%. It has year-to-date return of -1.05%. The 5-year annualized return was 6.45%.

This inflation protected bond fund’s minimum initial investment for brokerage account is $1,000 with a minimum of $50 for subsequent investment. There is no retirement (IRA) account available yet. There are 130 brokerages that provide the sale of this fund. They are JP Morgan, Merrill Lynch, Vangard, EP Free Small, Ameriprise Brokerage, Schwab Retail, etc. The other classes of this fund are Admin Class (PARRX), Class B (PRRBX), Class C (PRTCX), Class D (PRRDX), Institutional Class (PRRIX), Class P (PRLPX) and Class R (PRRRX).

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According to the fund prospectus, investing in this mutual fund involves risk. The main investment risks are Interest rate risk, Credit risk, High yield risk, Market risk, Issuer risk, Liquidity risk, Derivatives risk, Equity risk, Mortgage-related and other asset-backed risk, Foreign (non-US) investment risk, Emerging markets risk, Currency risk, etc.

Disclosure: No Position


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