PIMCO Inflation Response Multi-Asset Fund
PIMCO FUNDS · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
PIMCO Inflation Response Multi-Asset Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Short duration
- Features
- Fund of funds
Fund profile
This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 89.21% |
| Securitized | 41.07% |
| Stocks | 4.96% |
| Loans | 0.19% |
| Derivatives | 0.06% |
| Cash & short-term | -16.94% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Latest quarter
What changed since the fund's previous filing
Largest new: BofA Securities, Inc., Citigroup Global Markets, Inc., Scotia Capital USA, Inc., Wells Fargo Securities LLC, UMBS, TBA ×3, U.K. Gilts
Largest exited: UMBS PASS THRU POOLS ×6, UNITED KINGDOM GOVT, JAPAN GOVT
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +17.79% | +35.95% | +40.52% | 5.51% | -3.13% | |
| +18.42% | +37.94% | +43.78% | 5.45% | -3.06% | |
| +18.37% | +37.53% | +43.02% | 5.42% | -2.94% | |
| +18.23% | +37.48% | — | 5.49% | -2.94% |
These classes hold the same portfolio, so the 2.00pp spread over 3 years is the cost difference between them — roughly 0.67pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 89.4% |
| Floating rate | 9.0% |
| Zero-coupon or unclassified | 1.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 4.8% |
| 1-3y | 12.6% |
| 3-5y | 10.5% |
| 5-10y | 31.7% |
| 10y+ | 40.4% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund carries a net credit hedge: it would gain roughly 2.0% if credit spreads widened 100bp, where a comparable bond fund would lose.
Share of the fund's spread duration carried by each credit tier.
| High yield | +7.35 yr |
| Investment grade | -9.25 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 5 yr | 1.11 yr | 32% |
| 10 yr | 2.33 yr | 68% |
3 mo and 1 yr and 30 yr are NEGATIVE (-0.44 yr, -0.07 yr, -0.94 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.44 | -1.93 | +1.40 | -$417.1k | $302.8k |
| 1 yr | -0.07 | -1.87 | +1.42 | -$404.7k | $306.9k |
| 5 yr | +1.11 | -1.82 | +1.45 | -$394.3k | $314.7k |
| 10 yr | +2.33 | -1.78 | +1.54 | -$384.3k | $332.6k |
| 30 yr | -0.94 | -1.85 | +1.54 | -$400.1k | $333.1k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.00 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | BofA Securities, Inc. | 30.24% | — | $654.30M | — |
| — | UMBS, TBA4.50% · due 2056-08-01 | 6.89% | — | $149.14M | — |
| PLMIX | PIMCO Emerging Markets Currency and Short-Term Investments FundPLMIX | 6.41% | $7.65 | $138.60M | 18.1M |
| — | UMBS, TBA4.50% · due 2056-09-01 | 5.75% | — | $124.38M | — |
| — | United States Treasury0.13% · due 2031-07-15 | 5.04% | — | $109.00M | — |
| — | Pimco Commodity Strategy Active Exchange-Traded Fund | 4.22% | $30.67 | $91.31M | 3.0M |
| — | United States Treasury1.88% · due 2035-07-15 | 4.15% | — | $89.86M | — |
| — | U.K. Gilts4.00% · due 2031-10-22 | 3.87% | — | $83.67M | — |
| — | United States Treasury1.63% · due 2029-10-15 | 3.35% | — | $72.41M | — |
| — | United States Treasury2.13% · due 2035-01-15 | 3.23% | — | $69.90M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 73.15% of net assets, top 25 106.46%, across 247 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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