Fund Evaluator:
PIMCO RealPath Blend 2060 Institutional (PRBMX)
Follow This Fund
Best Performing in Target-Date 2060 Over the Last Year
| 24.1% | Victory Target Retirement 2060 (URSIX) |
| 23.8% | Fidelity Advisor Freedom Blend 2060 Z (FHJEX) |
| 23.2% | Fidelity Advisor Sust Trgt Dt 2060 Z (FTDLX) |
| 23.0% | Fidelity Advisor Sust Trgt Dt 2060 I (FSZYX) |
| 22.9% | BlackRock LifePath® Dynamic 2060 Inv A (LPDAX) |
Fund Details
PIMCO RealPath Blend 2060 Institutional Overview
PIMCO RealPath Blend 2060 Institutional (PRBMX) is an actively managed Allocation Target-Date 2060 fund. PIMCO launched the fund in 2019.
The investment seeks to maximize total return, consistent with prudent investment management. The fund is intended for investors seeking professional management of a comprehensive asset allocation strategy for retirement savings. It may invest in Institutional Class or Class M shares of any funds of the PIMCO Equity Series (the "Trust") and PIMCO Funds, and in other affiliated funds, including funds of PIMCO ETF Trust, except funds of funds and Underlying PIMCO Funds, and unaffiliated funds that are registered under the 1940 Act.
About PIMCO RealPath Blend 2060 Institutional (PRBMX)
There are 3 members of the management team with an average tenure of 4.22 years: Brendon Shvetz (2021), Graham Rennison (2019), Emmanuel Sharef (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Target Date 2060 TR USD index with a weighting of 100%. PIMCO RealPath Blend 2060 Institutional has 24 securities in its portfolio. The top 10 holdings constitute 101.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
PIMCO RealPath Blend 2060 Institutional is part of the Allocation global asset class and is within the Allocation fund group. PIMCO RealPath Blend 2060 Institutional has 37.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 57.1%. There is 35.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 6.3% (4.4% domestic bond, 1.9% foreign bond and 0.0% convertible bond). PIMCO RealPath Blend 2060 Institutional has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $234 million in total assets, which is below the $674 million average for the Target-Date 2060 category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PRBMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO RealPath Blend 2060 Institutional expense ratio is low compared to funds in the Target-Date 2060 category. PIMCO RealPath Blend 2060 Institutional has an expense ratio of 0.15%, which is 78% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO RealPath Blend 2060 Institutional has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 23% for the Target-Date 2060 category.
Recently, in the month of July 2026, PIMCO RealPath Blend 2060 Institutional returned -0.5%, which earned it a grade of B, as the Target-Date 2060 category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
PIMCO RealPath Blend 2060 Institutional has a trailing yield of 2.41%, which is above the 1.49% category average. The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PIMCO RealPath Blend 2060 Institutional Grades
Year to date, the fund has returned 11.1%, 0.5 percentage points better than the category, which translates into a grade of C. The fund has returned 21.7% over the past year (grade of B), 16.9% over the past three years (grade of B) and 10.1% per year over the past five years (grade of A).
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PRBMX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PRBMX Return (NAV) | -0.5% | 3.2% | 21.7% | 16.9% | 10.1% | na |
| PRBMX Grade | B | D | B | B | A | na |
| +/- Category | 0.3% | -0.3% | 1.4% | 0.6% | 1.0% | na |
| Target-Date 2060 Avg | -0.7% | 3.5% | 20.3% | 16.3% | 9.1% | 11.1% |
| PRBMX Tax Cost Ratio | na | na | 1.3% | 1.1% | 1.4% | na |
PRBMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRBMX Return (NAV) | 11.1% | 21.0% | 15.1% | 19.9% | -16.8% | 18.7% | 13.4% | na | na | na | na |
| PRBMX Grade | C | B | B | C | A | B | F | na | na | na | na |
| +/- Category | 0.5% | 1.4% | 0.4% | -0.0% | 1.4% | 1.2% | -2.7% | na | na | na | na |
| Target-Date 2060 Avg | 10.6% | 19.6% | 14.7% | 20.0% | -18.2% | 17.5% | 16.1% | 25.1% | -8.6% | 21.2% | 8.0% |
| Risk Measures | |
| Standard Deviation: | 11.8% |
| Total Risk Index: | 0.96 - Average |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (33% Rank) |
| Beta: | 1.21 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 2.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $236 Mil |
| Fund Total Assets: | $ 235 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.7 years | |||
| Average Tenure: 4.2 years | |||
| Managers (Year): Rennison Graham (2019), Shvetz Brendon (2021), Sharef Emmanuel (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 24 |
| % in Top 10 Holdings: | 101.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 37.6% |
Portfolio Allocation |
|
| Domestic Stock: | 57.1% |
| Foreign Stock: | 35.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 4.4% |
| Foreign Bond: | 1.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.6% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | December 31, 2019 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.15% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.68% |
| Share Class: | PIMCO RealPath Blend 2060 Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
