Fund Research and Analysis

by Michael Herbst
PIMCO Real Return, with a Morningstar Analyst Rating of Silver, has thrived since lead manager Mihir Worah took the reins in December 2007, and it remains backed by a time-tested process and deep research bench. Changes within its management team bear   Read more 

Process Pillar:Positive

Manager Mihir Worah looks to obtain cost-efficient exposure to Treasury Inflation-Protected Securities and other inflation-linked bonds by seeking better execution than passive investors. He employs   Read more 

Performance Pillar:Positive

This fund periodically stumbles in the short term but has triumphed over the longer haul. Since Mihir Worah took over as lead manager in December 2007, its 4.7% annualized gain through December 2014   Read more 

People Pillar:Positive

PIMCO's Real Return team, led since 2007 by lead manager Mihir Worah, backs this fund. Worah joined PIMCO in 2001. He became one of the firm's six deputy CIOs and took on leadership of its struggling global multiasset strategies following Mohamed El-Erian's   Read more 

Price Pillar:Negative

The fund's Institutional share class, which soaked up roughly half of the fund's $14.1 billion asset base as of December 2014, carries a 0.45% expense ratio, on par with the category median and average   Read more 

Picking Between PIMCO's Real Return Funds 
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