Fund Facts  

Inception Date: Feb 14, 2003
CUSIP: 722005659
Ticker Symbol: PCRRX
Morningstar Category:Commodities Broad Basket
As of Nov 30, 2016
Fund Net Assets ($millions) $6,463

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks maximum real return, consistent with prudent investment management.

Principal Investment Strategies  

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 will seek to gain exposure to the commodity markets primarily through investments in leveraged or unleveraged commodity index-linked notes.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
PIMCO CommodityRealRet Strata2.26%14.36%14.36%-11.57%-9.19%-3.68%0.54%
Bloomberg Commodity Indexa,b2.66%11.77%11.77%-11.26%-8.95%-5.58%N/A
Morningstar Commodities Broad Basketa,c2.27%12.16%12.16%-11.23%-8.84%-5.32%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa1.33%

An expense waiver or reimbursement is not included due to receipt of incomplete or inconsistent data. For additional information regarding the fund's fees including possible waivers please read the fund's prospectus.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Bloomberg Commodity Index is a broadly diversified index that allows investors to track commodity futures through a single measure. The index is composed of futures contracts on physical commodities.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 28, 2016Dec 28, 2016$0.005970000
Sep 15, 2016Sep 15, 2016$0.028880000
Jun 16, 2016Jun 16, 2016$0.013800000
Dec 29, 2015Dec 29, 2015$0.125570000
Sep 17, 2015Sep 17, 2015$0.138870000
Jun 18, 2015Jun 18, 2015$0.059210000
Sep 18, 2014Sep 18, 2014$0.015250000
Dec 11, 2013Dec 11, 2013$0.091140000
Sep 19, 2013Sep 19, 2013$0.008940000
Jun 20, 2013Jun 20, 2013$0.034890000
Mar 21, 2013Mar 21, 2013$0.018910000
 

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2016
Period Stars Category Size
Overall 3 Stars107
3-Year 2 Stars107
5-Year 2 Stars73
10-Year 3 Stars18

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Allocation of Assets As of Sep 30, 2016
Type of Asset Percent
Equity0%
Fixed Income59%
Cash/Other41%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Sep 30, 2016
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond55.2%
Foreign Bond3.5%
Preferred0.1%
Convertible0.0%
Cash20.0%
Other21.2%

Due to rounding, percentages shown may not add up to 100%.

 
Top Ten Holdings As of Sep 30, 2016
Holding NamePercent
US Treasury Note23.3%
Pimco Cayman Cmdty Fd Ltd Instl19.5%
Irs Usd 2.40000 03/16/21-5y Cme10.1%
Fin Fut Us 2yr Cbt 12/30/169.5%
Irs Usd 2.50000 02/22/21-5y Cme8.4%
Irs Usd 2.80000 10/28/20-5y Cme7.8%
US Treasury Note7.5%
Fin Fut Us 10yr Cbt 12/20/166.7%
US Treasury TIP 1.25%5.0%
US Treasury Note3.6%
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta1.101.09
Alpha1.020.70
Standard Deviation15.8914.98
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.