MainStay VP Pimco Real Return Portfolio

C000104633 Fund Overview

MainStay VP Pimco Real Return Portfolio is a US mutual fund managed by Mainstay Vp Funds Trust, categorised as Long Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Mainstay Vp Funds Trust
• Category: Long Treasury / Sovereign Bond
• Assets under management: $396.39M
• 1-year return: 3.7%
• SEC CIK: 0000887340
• SEC series ID: S000033931
• Share class ID: C000104633

C000104633 Investment Objective and Strategy

MainStay VP Pimco Real Return Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mainstay Vp Funds Trust.

Investment objective

The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.

Principal investment strategy

"The Portfolio, under normal circumstances, invests at least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities and corporations, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. Assets not invested in inflation indexed bonds may be invested in other types 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. Inflation-indexed bonds are fixed-income securities that are structured to provide protection against inflation. The value of the bond's principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure.

The U.S. Treasury uses the Consumer Price Index for Urban Consumers as the inflation measure. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect a comparable inflation index, calculated by that government. As used in the investment objective, ""real return"" equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure, and ""real capital"" equals capital less the estimated cost of inflation measured by the change in an official inflation measure. 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. Effective duration takes into account that for certain bonds expected cash flows will fluctuate as interest rates change and is defined in nominal yield terms, which is market convention for most bond investors and managers.

Because the market convention for bonds is to use nominal yields to measure duration, duration for real return bonds, which are based on real yields, are converted to nominal durations through a conversion factor. The resulting nominal duration typically can range from 20% to 90% of the respective real duration. All security holdings will be measured in effective (nominal) duration terms. Similarly, the effective duration of the Bloomberg U.S. TIPS Index will be calculated using the same conversion factors. The effective duration of this Portfolio normally varies within three years (plus or minus) of the effective duration of the Bloomberg U.S. TIPS Index, as calculated by Pacific Investment Management Company LLC, the Portfolio's Subadvisor, which as of February 28, 2026 was 7.02 years. The Portfolio invests primarily in investment grade securities, but may invest up to 10% of its total assets in high yield securities (""junk bonds"") rated B or higher by Moody's Investors Services, Inc., or equivalently rated, at the time of purchase, by S&P Global Ratings or Fitch Ratings, Inc., or, if unrated, determined by the Subadvisor to be of comparable quality (except that within such 10% limitation, the Portfolio may invest in mortgage-backed securities rated below B).

The Portfolio may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries. The Portfolio also may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer's ""country of risk"" (or similar designation) as determined by a third-party such as Bloomberg. The Portfolio will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets. The Portfolio may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Portfolio's Prospectus or Statement of Additional Information.

The Portfolio may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Portfolio 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 Portfolio may also invest up to 10% of its total assets in preferred shares."

C000104633 Holdings

Top 10 holdings of MainStay VP Pimco Real Return Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000104633 holdings

C000104633 Portfolio Allocation

Asset-class allocation of MainStay VP Pimco Real Return Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000104633 Performance

Total returns for C000104633 (as of 2026-10-01), from SEC filings.

C000104633 Risk Information

Risk metrics for C000104633, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.4%

C000104633 Costs and Fees

C000104633 costs about $109 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.09%
• Gross expense ratio: 1.17%
• Portfolio turnover: 139%
• Brokerage commissions: 0.60 bps of average net assets (SEC N-CEN)

C000104633 Cashflows

Over the 12 months to 2026-06, MainStay VP Pimco Real Return Portfolio had net inflows of $450.53K, from monthly SEC N-PORT filings.

C000104633 Debt Constituents

Largest debt holdings of MainStay VP Pimco Real Return Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000104633 Prospectus and SEC Filings

Official MainStay VP Pimco Real Return Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-16
• Prospectus (485BPOS) — filed 2025-04-16
• Prospectus (485BPOS) — filed 2024-04-19
• Portfolio holdings (N-PORT) — filed 2026-08-24
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2026-03-13
• Annual census (N-CEN) — filed 2025-03-14

Related Funds

Other Long Treasury / Sovereign Bond funds tracked on ABC INVEST:

• iShares 7-10 Year Treasury Bond ETF (IEF)
• iShares 20+ Year Treasury Bond ETF (TLT)
• U.S. Government Securities Fund (AMUSX)
• Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX)
• Vanguard Long-Term Treasury Index Fund (VLGSX)

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.