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Morningstar

PIMCO Inflation Response MultiAsst Instl PIRMX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
7.67  /  1.32 %
Total Assets
2.8 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
0.710%
Fee Level
Average
Longest Manager Tenure
3.73 years
Category
Allocation--15% to 30% Equity
Investment Style
Mid Blend
Credit Quality / Interest Rate Sensitivity
High / Limited
Status
Open
TTM Yield
13.04%
Turnover
—

Morningstar’s Fund Analysis PIRMX

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

People Pillar

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

A new manager takes on an established mandate.

Senior Analyst

Summary

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The upcoming retirement of PIMCO Inflation Response Multi Asset Fund’s longtime lead manager leads to some uncertainty, but the strategy’s well-tested approach will remain consistent. A People Pillar downgrade to Average from Above Average results in a Morningstar Analyst Rating downgrade to Bronze from Silver for the strategy’s cheapest share class, while the two more-expensive move to Neutral from Bronze.

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