Nic Johnson’s upcoming retirement at the end of March 2022 places PIMCO Commodity Real Return in the hands of its experienced comanager, Greg Sharenow. Though Johnson’s presence will be missed, the team is full of skilled and tenured commodity experts that instill confidence. The strategy retains its Morningstar Analyst Rating of Silver for its cheapest share classes, while the more expensive are Bronze.
PIMCO Commodity Real Ret Strat A PCRAX
NAV / 1-Day Return
7.69
/
0.52
%
Total Assets
10.2 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.190%
Expense Ratio
1.270%
Fee Level
Average
Longest Manager Tenure
3.57
years
Category
Commodities Broad Basket
Investment Style
—Credit Quality / Interest Rate Sensitivity
High / LimitedStatus
Open
TTM Yield
25.68%
Turnover
260%
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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 PCRAX 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 PCRAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PCRAX 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 PCRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Enough experience to withstand a key departure.
