- 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.
- What is PRAIX's dividend yield?
- PRAIX's trailing-twelve-month yield is 6.79%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRAIX?
- Effective duration measures PRAIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRAIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRAIX?
- PRAIX'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 PRAIX?
- Yield to maturity (YTM) is the total return you'd earn from PRAIX if every bond in the portfolio is held to maturity at the current price. PRAIX'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.
