About PCRAX
PIMCO CommodityRealReturn Strategy Fund Class A is a mutual fund that focuses on providing exposure to a diversified basket of commodities while aiming to achieve maximum real return, consistent with prudent risk management. The fund employs a unique strategy by investing in commodity-linked derivative instruments, such as swap agreements, futures, options, and commodity index-linked notes. These are backed by a portfolio of inflation-indexed securities and various fixed income instruments, including government and corporate bonds issued globally.
The fund spans a broad range of commodity sectors, including agriculture, energy, livestock, and precious metals, further enhancing diversification. Notably, the fund also incorporates positions in off-benchmark areas such as carbon trading, which can provide alternative return drivers and inflation hedging. Its structure allows investors to seek inflation protection and diversification benefits that commodities traditionally offer, making it a tool for those seeking to offset the effects of rising prices or to reduce equity and bond market correlations.
With a relatively high number of holdings and substantial assets under management, this fund is considered significant within the commodities broad basket category. It serves institutional and retail investors seeking access to the commodity markets in a mutual fund format, with quarterly distributions and an established track record dating back to 2002.
Fund Family PIMCO
Category Commodities Broad Basket
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PCRAX
Share Class A
Index Bloomberg Commodity TR
PCRAX had a total return of 32.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.75%.
