Morningstar

PIMCO Commodity and Real Return Bond Alpha Fund Class A PCRAX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 15.40  /  −1.72 %
  • Total Assets 4.7B
  • Adj. Expense Ratio
    1.140%
  • Expense Ratio 1.450%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Commodities Broad Basket
  • Investment Style Large Blend
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 11.45%
  • Turnover 224%

USD | NAV as of Sep 12, 2026 | 1-Day Return as of Sep 12, 2026, 12:09 AM GMT+0

Morningstar’s Analysis PCRAX

Will PCRAX outperform in the 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.

Despite some changes, team talent and a comprehensive approach continue to set this unique fund apart.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

Pimco Commodity Real Return has seen some changes to its manager roster. Nevertheless, it continues to benefit from a talented group of experienced portfolio managers who ply a thoughtful, hands-on approach to commodities.

by Vedran Beogradlija
Rated on Published on

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Portfolio Holdings PCRAX

More PCRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JAPANESE YEN Purchased

21.73 888M
Derivative

Pimco Cayman Cmdty Fd Ltd Instl

19.45 795M
—

3 Month SOFR Future Dec 26

9.98 408M
Government

5 Year Treasury Note Future Sept 26

9.47 387M
Government

TRS R SOFRRATE+11.5/9128283R9 SOG

8.79 359M
—

United States Treasury Notes 1.625%

8.12 332M
Government

IRS EUR 2.75000 09/16/26-10Y LCH Receive

7.77 318M
Government

United States Treasury Notes 0.875%

7.15 292M
Government

EUROPEAN MONETARY UNION EURO Purchased

6.98 285M
Derivative

TRS R 3.75/91282CFR7 BPS

6.84 279M
—

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