PIMCO Long-Term Real Return Fund Class INSTL (PRAIX)
PIMCO Long-Term Real Return Fund Class INSTL operates in the Asset Management industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $10.60, up 0.09% on the session, giving a market capitalisation of $292.7M. Its beta of 2.04 implies it has historically moved more than the broad market.
This fund's primary objective is to achieve the highest possible real return while maintaining prudent investment management. It commits at least 80% of its net assets to inflation-indexed bonds with diverse maturities, issued by U.S. and non-U.S. governments, their associated entities, or corporate bodies. Any remaining assets not allocated to inflation-indexed bonds may be invested in other types of fixed-income instruments. While the portfolio primarily consists of investment-grade securities, it retains the flexibility to invest up to 20% of its total assets in higher-yielding, lower-rated bonds, often referred to as "junk bonds," provided they carry a rating of B or higher from Moody's, S&P, or Fitch, or are deemed by PIMCO to be of equivalent quality if unrated.
PIMCO Long-Term Real Return Fund Class INSTL is most often compared with the following Financial Services names: