# PIMCO Long-Term Real Return Fund Class INSTL (PRAIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/praix 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: Passive Index · Inception: 2001-11-12 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-ra... ## Key Facts | Metric | Value | |---|---| | Price | $10.41 | | Expense Ratio | 2.28% | | Assets Under Management | $287.4M | | NAV | $10.41 | | Holdings Count | — | | Distribution Yield (TTM) | 6.82% | | Annual Distribution (TTM) | $0.71 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.87 – $12.04 | | Beta | 2.04 | ## Latest Distribution - Amount: $0.0009 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 6.82%, 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. ### Does PRAIX pay a dividend? Yes, PIMCO Long-Term Real Return Fund Class INSTL (PRAIX) distributes dividends to shareholders. The trailing-twelve-month yield is 6.82%. Full dividend history is on this page. ### How often does PRAIX pay dividends? PIMCO Long-Term Real Return Fund Class INSTL pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PRAIX's next ex-dividend date? The most recently announced ex-dividend date for PRAIX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PRAIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.28% 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 PRAIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRAIX'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 PRAIX cost more than a fund like VOO? PRAIX is a passive index fund (current expense ratio 2.28%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PRAIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRAIX (2.28%) 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/praix - Distribution history: https://www.dividenddata.com/funds/praix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/praix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/praix/expenses - Peer comparison: https://www.dividenddata.com/funds/praix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.