PIMCO Real Estate and Real Return Bond Alpha Fund;Institutional (PRRSX)
PIMCO Real Estate and Real Return Bond Alpha Fund;Institutional operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $28.37, down 0.04% on the session, giving a market capitalisation of $495.2M. Its beta of 1.15 implies it has historically moved more than the broad market.
The fund strives to meet its financial goals primarily through investments in derivative instruments that track real estate performance. These real estate-linked positions are underpinned by a diverse portfolio of fixed income assets, notably including inflation-indexed securities. The fund's definition of "Fixed Income Instruments" is broad, covering bonds, debt securities, and similar financial tools issued by a wide array of public and private sector entities, operating both within and outside the United States. While up to 30% of the fund's total assets can be held in securities denominated in foreign currencies, it has greater latitude to invest in U.S. dollar-denominated instruments issued by international entities, potentially exceeding that 30% threshold for such holdings.
PIMCO Real Estate and Real Return Bond Alpha Fund;Institutional is most often compared with the following Financial Services names: