PIMCO Inflation Response Multi-Asset Fund
PIRMX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10019 New York NY United States of America 10019
- IPO Date
- Sep 1, 2011
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Inflation Response Multi-Asset Fund (PIRMX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks total return exceeding that of its benchmark by investing in a diversified portfolio designed to provide inflation protection and capital appreciation. The fund primarily allocates to inflation-linked instruments including Treasury Inflation-Protected Securities (TIPS), commodities via affiliated funds such as PIMCO Cayman Commodity Fund VII Ltd, equities, fixed income securities of varying maturities, currencies, real estate, gold, derivatives like interest rate swaps (e.g., IRS EUR 2.25000), futures (e.g., 3 Month Euribor Future, 2 Year Treasury Note Future), and affiliated or unaffiliated investment companies; its asset diversification encompasses approximately 48% U.S. bonds, 19% non-U.S. bonds, 10% U.S. stocks, cash equivalents, and other categories including government-related securities (125%), agency mortgage-backed securities (33%), and futures/forwards (45%), with major holdings concentrated in inflation-responsive and rate-hedging positions. Classified in the Morningstar Global Conservative Allocation category with a mid-blend investment style for stocks and mid credit quality/limited interest-rate sensitivity for bonds, PIRMX targets institutional investors with a minimum initial investment of $1 million, no front-end or deferred loads, and a net expense ratio of 1.91%. Launched on August 31, 2011, and domiciled in the United States, the fund operates globally with exposure across U.S., European, and other regions, supported by PIMCO's worldwide platform. PIMCO, founded in 1971 and headquartered at 650 Newport Center Drive in Newport Beach, California, serves as a subsidiary of Allianz SE and manages over $2 trillion in assets, making it one of the world's largest active fixed-income managers with offices in 22 locations across the Americas, Europe, and Asia. The fund's portfolio management team includes lead managers Emmanuel Sharef (since February 28, 2022), Stephen Rodosky (since January 9, 2019), Daniel He (since December 11, 2019), Greg Sharenow (since February 1, 2022), and the recently added Andrew Dewitt (since June 2, 2025). Among recent developments, PIMCO announced on August 22, 2025, a 0.05% reduction in management fees for the A shares of PIMCO Inflation Response Multi-Asset Fund, effective September 2, 2025, as part of broader fee cuts across multiple strategies to lower investor costs and enhance net returns. Effective February 16, 2024, the fund discontinued sales of Administrative Class shares to new investors and existing shareholders (except through certain exchanges), streamlining its share class offerings. As of late 2025, the fund maintains total net assets of approximately $2.07 billion, with the Institutional class (PIRMX) comprising $1.95 billion, reflecting steady institutional demand amid its focus on inflation-responsive multi-asset strategies.