Fund Research and Analysis

by Eric Jacobson
PIMCO Real Return has mostly 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. It has had a couple of personnel and performance hiccups in recent years but   Read more 

Process Pillar:Positive

Lead manager Mihir Worah looks to obtain cost-efficient exposure to TIPS and other inflation-linked bonds by seeking better execution than passive investors. He uses both macro-driven strategies (driven   Read more 

Performance Pillar:Positive

This fund periodically stumbles but has triumphed over the long term. Since Mihir Worah took over at the end of 2007, its 3.7% annualized gain through December 2015 topped its Barclays U.S. TIPS Index   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 $11 billion asset base as of December 2015, carries a 0.45% expense ratio, on par with the category median and average   Read more 

A Value Investor's Bond Fund 
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