PIMCO Fds Real Estate Return Strategy Fd Insti Cl
PRRSX
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USD
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Capital Structure
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Oct 31, 2003
- CIK
- 0000810893
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO Funds: Real Estate Real Return Strategy Fund Institutional Class (PRRSX) is an open-end mutual fund managed by Pacific Investment Management Company LLC (PIMCO) that seeks maximum real return, consistent with prudent investment management. The fund achieves its investment objective primarily by investing in real estate-linked derivative instruments, such as total return swaps on real estate securities including REITs, backed by a diversified portfolio of inflation-indexed securities including Treasury Inflation-Protected Securities (TIPS), other fixed income instruments comprising bonds and debt securities issued by U.S. and non-U.S. public- or private-sector entities, futures, forwards, and cash equivalents; it may allocate up to 30% of assets in foreign currency-denominated securities or U.S. dollar-denominated securities of foreign issuers. Launched on October 30, 2003, and domiciled in the United States with PIMCO headquartered in Newport Beach, California, the fund targets institutional investors with a minimum initial investment of $1,000,000 and operates within the real estate category, focusing on U.S. real estate markets while benchmarking against the Dow Jones U.S. Select REIT Total Return Index. The Institutional Class shares exhibit a net expense ratio of 5.49%, with total net assets of approximately $495 million and a share class size of $394 million as of recent data. Portfolio diversification includes significant exposure to U.S. bonds (106%), U.S. stocks (101%), government securities, agency mortgage-backed securities, and derivatives, with top holdings featuring equity total return swaps, Euribor futures, Treasury note futures, and inflation-indexed Treasuries. Available for sale in the United States, the fund prices daily and pays quarterly dividends, serving sophisticated investors seeking inflation-protected real estate exposure without direct property ownership. Recent portfolio management changes include the addition of John Devir, Andrew Dewitt, and Greg Sharenow as co-managers effective February 28, 2025, alongside existing manager Daniel He (since December 2019), reflecting PIMCO's ongoing team enhancements in real assets and credit strategies. PIMCO has experienced broader real estate leadership adjustments, including turnover in senior roles as of late 2024, amid strategic focus on U.S. commercial real estate recovery opportunities. While no fund-specific acquisitions, funding rounds, or product launches were reported in the last 1-2 years, PIMCO announced a partnership with Aditum Investment Management in June 2025 to distribute related income strategies via UAE feeder funds, underscoring global distribution expansion.