- What does PRAIX invest in?
- 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.
- What is the expense ratio of PRAIX?
- PIMCO Long-Term Real Return Fund Class INSTL (PRAIX) charges an expense ratio of 2.28%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PRAIX?
- PIMCO Long-Term Real Return Fund Class INSTL (PRAIX) manages $293.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is PRAIX actively managed or an index fund?
- PRAIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was PRAIX launched?
- PIMCO Long-Term Real Return Fund Class INSTL (PRAIX) launched in November 2001 and is managed by PIMCO.
- How has PRAIX performed?
- PRAIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
