PIMCO CommoditiesPLUS Strategy Fund
Data updated: 2026-08-31
C000088656 — PIMCO CommoditiesPLUS Strategy Fund. Commodity · $5.67B AUM · 1.03% expense ratio. Holdings, fees, performance and SEC filings.
C000088656 Fund Overview
PIMCO CommoditiesPLUS Strategy Fund is a US mutual fund managed by PIMCO Funds, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: PIMCO Funds
- Category: Commodity
- Assets under management: $5.67B
- 1-year return: 25.7%
- SEC CIK: 0000810893
- SEC series ID: S000028928
- Share class ID: C000088656
C000088656 Investment Objective and Strategy
PIMCO CommoditiesPLUS Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO Funds.
Investment objective
The Fund seeks total return which exceeds that of its benchmark consistent with prudent investment management.
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing under normal circumstances in commodity-linked derivative instruments backed by an actively managed, low volatility portfolio of Fixed Income Instruments. ""Fixed Income Instruments"" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The Fund invests in commodity-linked derivative instruments, including swap agreements, futures, options on futures, commodity index-linked notes and commodity options that provide exposure to the investment returns of the commodities futures markets. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. The value of commodity-linked derivative instruments may be affected by overall market movements and other factors affecting the value of a particular industry or commodity, such as weather, disease, embargoes, or political and regulatory developments.
The Fund will seek to gain exposure to the commodity futures markets primarily through investments in swap agreements and futures, and through investments in the PIMCO Cayman Commodity Fund III Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the ""Subsidiary""). The Subsidiary is advised by PIMCO, and has the same investment objective as the Fund. As discussed in greater detail elsewhere in the prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements and other commodity-linked derivative instruments. The derivative instruments in which the Fund and the Subsidiary primarily intend to invest are instruments linked to certain commodity indices and instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts.
These instruments may specify exposure to commodity futures with different roll dates, reset dates or contract months than those specified by a particular commodity index. As a result, the commodity-linked derivatives component of the Fund's portfolio may deviate from the returns of any particular commodity index. The Fund or the Subsidiary may over-weight or under-weight its exposure to a particular commodity index, or a subset of commodities, such that the Fund has greater or lesser exposure to that index than the value of the Fund's net assets, or greater or lesser exposure to a subset of commodities than is represented by a particular commodity index. Such deviations will frequently be the result of temporary market fluctuations, and under normal circumstances the Fund will seek to maintain notional exposure to one or more commodity indices within 5% (plus or minus) of the value of the Fund's net assets.
The Fund may also invest in leveraged or unleveraged commodity index-linked notes, which are derivative debt instruments with principal and/or coupon payments linked to the performance of commodity indices. These commodity index-linked notes are sometimes referred to as ""structured notes"" because the terms of these notes may be structured by the issuer and the purchaser of the note. The value of these notes will rise or fall in response to changes in the underlying commodity or related index of investment. Assets not invested in commodity-linked derivative instruments or the Subsidiary may be invested in Fixed Income Instruments, including derivative Fixed Income Instruments. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund.
In addition, the Fund may invest its assets in particular sectors of the commodities futures market. The average portfolio duration of the fixed income portion of this Fund will vary based on PIMCO's market forecasts and under normal market conditions is not expected to exceed one year. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates. The Fund may invest up to 10% of its total assets in high yield securities (""junk bonds""), as rated by Moody's Investors Service, Inc. (""Moody's""), Standard & Poor's Ratings Services (""S&P"") or Fitch, Inc. (""Fitch""), or, if unrated, as determined by PIMCO. The Fund may invest up to 20% of its total assets in securities denominated in foreign currencies and may invest without limit in U.S.
dollar-denominated securities of foreign issuers. The Fund may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 20% of its total assets in such instruments). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 10% of its total assets. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).
The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales."
C000088656 Holdings
Top 10 holdings of PIMCO CommoditiesPLUS Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BofA Securities, Inc. | 17.92% |
| Pimco Prv Short Term Flt Iii | 9.19% |
| BofA Securities, Inc. | 7.06% |
| Umbs, Tba | 4.00% |
| United States Treasury | 3.53% |
| Goldman Sachs & Co. LLC | 3.42% |
| Citigroup Global Markets, Inc. | 3.03% |
| United States Treasury | 2.62% |
| Toronto-Dominion Bank | 2.49% |
| Pimco Short Asset Portfolio | 1.68% |
C000088656 Portfolio Allocation
Asset-class allocation of PIMCO CommoditiesPLUS Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 73.7% |
| Securitized | 20.0% |
| Fixed Income | 9.1% |
| Equity | 5.8% |
C000088656 Performance
Total returns for C000088656 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 25.7% |
C000088656 Risk Information
Risk metrics for C000088656, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 41.6%
C000088656 Costs and Fees
C000088656 costs about $103 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.03%
- Gross expense ratio: 1.26%
- Portfolio turnover: 224%
- Brokerage commissions: 3.15 bps of average net assets (SEC N-CEN)
C000088656 Cashflows
Over the 12 months to 2026-06, PIMCO CommoditiesPLUS Strategy Fund had net inflows of $422.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $24.48M |
| 2026-05 | −$91.13M |
| 2026-04 | $39.34M |
| 2026-03 | $251.92M |
| 2026-02 | $41.63M |
| 2026-01 | $44.02M |
C000088656 Debt Constituents
Largest debt holdings of PIMCO CommoditiesPLUS Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Letra Tesouro Nacional | 1.31% |
| Letra Tesouro Nacional | 0.75% |
| United States Treasury | 0.73% |
| Sempra | 0.46% |
| IBM Corp. | 0.41% |
| Saudi International Bond | 0.39% |
| National Rural Util Coop | 0.29% |
| Pnc Bank Na | 0.29% |
| Royal Bank Of Canada | 0.28% |
| Equitable Financial Life | 0.28% |
C000088656 Prospectus and SEC Filings
Official PIMCO CommoditiesPLUS Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-25
- Prospectus supplement (497) — filed 2024-01-08
- Prospectus supplement (497) — filed 2023-10-02
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-06-11
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other Commodity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.