PIMCO VIT CommodityRealReturn Strategy

  • Trading Symbol: FPMEC
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Morningstar® Snapshot*

AS OF 9/30/2014; MORNINGSTAR CATEGORY: COMMODITIES BROAD BASKET
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:9, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar. Please click on the indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 9/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FPMEC -6.30% -7.18% -- -- -7.83%
*AS OF 10/24/2014; Value is cumulative
SUBACCOUNT INCEPTION 4/30/2012

Hypothetical Growth of $10,000

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AS OF 09/30/2014; MORNINGSTAR CATEGORY: COMMODITIES BROAD BASKET
Shows growth of hypothetical $10,000 investment in PIMCO VIT CommodityRealReturn Strategy fund over the selected time period

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, and reflect the effects of the annual annuity charge and the underlying fund's expenses. Figures do not reflect the effects of any applicable redemption fees, maintenance charges, or surrender fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data featured represents past performance, which is no guarantee of future results. Investment returns and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received. Fund performance fluctuates and currently may be significantly higher or lower than stated.

Fund Manager(s)

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Mihir P. Worah since 12/31/2007

Fund Overview

Objective

The investment seeks maximum real return.

Strategy

The fund normally invests in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. It invests in commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity options, futures and options on futures, that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities. The fund may also invest in common and preferred stocks as well as convertible securities of issuers in commodity-related industries. It is non-diversified.

Risk

The commodities industry can be significantly affected by commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions. Commodity-linked investments may be more volatile and less liquid than the underlying instruments or measures, and their value may be affected by the performance of the overall commodities markets as well as by weather, disease, and regulatory developments. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Details

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Morningstar Category
Commodities Broad Basket
Subaccount Inception
4/30/2012
Unit Value
$8.14
10/24/2014
4/30/2014
4/30/2014
Turnover Rate
57%
12/31/2013
Net Assets ($M)
$9.37
9/30/2014
12 Month Low-High
$8.25 - $9.67
9/30/2014

Top 10 Holdings

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AS OF 6/30/2014
Top 10 Holdings
Pimco Cayman Cmdty Port I Ltd 23.33%
US Treasury TIP 0.12% 04/15/2018 12.05%
US Treasury TIP 0.13% 04/15/2016 12.01%
US Treasury TIP 0.63% 07/15/2021 10.57%
US Treasury TIP 1.25% 7.45%
US TREASURY TIP 2.63% 07/15/2017 6.97%
FNMA 5.30%
US TREASURY TIP 1.88% 07/15/2019 4.42%
5 Year US Treasury Note Future Sept14 3.26%
NYSE/Liffe 10 Year US Treasury Note Future Sept14 2.99%
% of Total Portfolio 88.35%
Total # of holdings: 277 as of 6/30/2014

Quarter-End Average Annual Total Returns

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AS OF 9/30/2014; *SUBACCOUNT INCEPTION 4/30/2012 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
1.09% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
PIMCO VIT CommodityRealReturn Strategy -7.18% -- -- -- -7.83%

© 2012 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.