PCRRX - PIMCO Commodity Real Ret Strat Admin

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PIMCO Commodity Real Ret Strat Admin (PCRRX)
Expense Ratio: 0.99%
Expected Lifetime Fees: $29,510.90

The PIMCO Commodity Real Ret Strat Admin fund (PCRRX) is a Commodities Broad Basket fund started on 2/14/2003 and has $19.30 billion in assets under management. The current manager has been running PIMCO Commodity Real Ret Strat Admin since 1/22/2008. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

PowerShares DB Commodity Idx Trking Fund (DBC)
Expense Ratio: 0.87%
Expected Lifetime Fees: $26,259.18

The PowerShares DB Commodity Idx Trking Fund (DBC) is an Exchange Traded Fund. It is a "basket" of securities that index the Commodities Broad Basket investment strategy and is an alternative to a Commodities Broad Basket mutual fund. Fees are very low compared to a comparable mutual fund like PIMCO Commodity Real Ret Strat Admin because computers automatically manage the stocks.

The Following Commodities Broad Basket Funds Have Lower Fees Than PIMCO Commodity Real Ret Strat Admin (PCRRX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Credit Suisse Commodity Ret Strat Instl CRCTZ 165.0% 5,000 0.80%
Credit Suisse Commodity Ret Strat Instl CRSOX 165.0% 5,000 0.80%
Goldman Sachs Commodity Strategy A GSCAX 581.0% 1,200 0.96%
Goldman Sachs Commodity Strategy Instl GCCIX 581.0% 1,200 0.62%
Harbor Commodity Real Return ST Instl HACMX 581.0% 320 0.94%
Invesco Balanced Risk Commodity Strategy Fund Class Y BRCYX 0.0% 436 0.98%
PIMCO CommoditiesPLUS Strategy Instl PCLIX 82.0% 4,100 0.74%
PIMCO Commodity Real Ret Strat Instl PCRIX 177.0% 19,300 0.74%
PIMCO Commodity Real Return Strat P PCRPX 177.0% 19,300 0.84%
Van Eck CM Commodity Index A CMCAX 0.0% 102 0.95%
Van Eck CM Commodity Index I COMIX 0.0% 102 0.65%
Van Eck CM Commodity Index Y CMCYX 0.0% 102 0.70%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.