# PIMCO Commodity Real Ret Strat A (PCRAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pcrax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Bond - Strategy: Actively Managed · Inception: 2002-06-28 The fund seeks to achieve its investment objective by investing under normal circumstances in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. It may also invest in leveraged or unleveraged commodity index-linked notes. ## Key Facts | Metric | Value | |---|---| | Price | $15.30 | | Expense Ratio | 1.45% | | AUM (All Share Classes) | $4.51B | | NAV | $15.30 | | Holdings Count | — | | Distribution Yield (TTM) | 20.63% | | Annual Distribution (TTM) | $3.16 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $13.49 – $17.85 | | Beta | 0.95 | ## Latest Distribution - Amount: $1.2817 /share - Ex-date: 2026-09-10 - Pay date: 2026-09-10 ## Frequently Asked Questions ### What does PCRAX invest in? The fund seeks to achieve its investment objective by investing under normal circumstances in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. It may also invest in leveraged or unleveraged commodity index-linked notes. ### What is the expense ratio of PCRAX? PIMCO Commodity Real Ret Strat A (PCRAX) charges an expense ratio of 1.45%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PCRAX's dividend yield? PCRAX's trailing-twelve-month yield is 20.63%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PCRAX? Effective duration measures PCRAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PCRAX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PCRAX? PCRAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PCRAX? Yield to maturity (YTM) is the total return you'd earn from PCRAX if every bond in the portfolio is held to maturity at the current price. PCRAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PCRAX pay a dividend? Yes, PIMCO Commodity Real Ret Strat A (PCRAX) distributes dividends to shareholders. The trailing-twelve-month yield is 20.63%. Full dividend history is on this page. ### How often does PCRAX pay dividends? PIMCO Commodity Real Ret Strat A pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PCRAX's next ex-dividend date? The most recently announced ex-dividend date for PCRAX was 2026-09-10. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PCRAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PCRAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PCRAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PCRAX cost more than a fund like VOO? PCRAX is actively managed (current expense ratio 1.45%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PCRAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PCRAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PCRAX (1.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pcrax - Distribution history: https://www.dividenddata.com/funds/pcrax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pcrax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pcrax/expenses - Peer comparison: https://www.dividenddata.com/funds/pcrax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.