PIMCO Real Return InstlPRRIX

PIMCO Real Return staged a remarkable recovery and toned down its risk profile.

This fund struggled in 2008, as reduced inflation expectations, massive forced selling of Treasury Inflation-Protected Securities in the wake of the Lehman Brothers bankruptcy, and poorly performing off-index bets weighed on results, but in 2009 manager Mihir Worah staged a remarkable recovery.  Read more 

This fund invests the majority of assets in TIPS, although it will occasionally venture into other sectors and lean on PIMCO's broad economic views. Because the principal on TIPS is adjusted to keep up with changes in the consumer price index, they provide a unique inflation hedge.  Read more 

John Brynjolfsson managed this fund since its 1997 inception. On Dec. 31, 2007, Mihir Worah took the lead. Brynjolfsson, who was a member of the PIMCO management team that won Morningstar's Fixed-Income Manager of the Year honors in 1998 and 2000, is staying on the team and will continue to contribute ideas.  Read more 

One of only a handful of funds that invests primarily in inflation-adjusted securities, this fund has already turned in great results and gathered billions in assets. Given PIMCO's fixed-income prowess, it's likely to continue doing a fine job at its chosen calling.  Read more