Pimco will implement a new asset-allocation process and a new equity sleeve for this strategy on Nov. 1, 2021. The equity sleeve will employ a systematic process with tracking-error constraints, and newly appointed manager Erin Browne will take a more active approach to asset allocation, with input from Daniel Ivascyn and Alfred Murata, who remain named managers for the bond portfolio. While these changes address some of our prior concerns, the processes for the equity sleeve and asset allocation are new. At this time, we are resetting the People and Process Pillar ratings at Average, which results in a Morningstar Analyst Rating of Neutral across share classes.
Morningstar’s Fund Analysis PQIIX
Will PQIIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PQIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PQIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PQIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.