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PAAIX PIMCO All Asset Instl

  • Fund
  • PAAIX
  • Price as of: Jul 21, 2017
  • $12.00
  • - $0.01
  • - 0.08%
  • Category
  • Diversified Portfolio

PAAIX - Profile

Vitals

  • YTD Return 7.6%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $19.1 B
  • Holdings in Top 10 64.1%

52 WEEK LOW AND HIGH

$12.00
$11.07
$12.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.22%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 54.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.06%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name PIMCO All Asset Fund
  • Fund Family Name PIMCO
  • Inception Date Jul 31, 2002
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Robert D. Arnott

Fund Description

The PIMCO All Asset Fund Institutional Class (PAAIX) is a low-cost, actively managed fund of funds that seeks to provide a high real return. PIMCO defines real return as a portfolio’s after-inflation return. PAAIX invests in a variety of asset classes, such as international and domestic stocks, bonds, and several “real” assets, including commodities futures, REITs, inflation-linked bonds, liquid alternatives and credit strategies. This combination, and the fund’s ability to shift its portfolio, helps create that real return over the long term.

Given that ever-shifting focus, PAAIX could serve as a subcore position in broader equity portfolio as a way to fight inflation. The fund is managed by Research Affiliates, LLC, and PIMCO.

PAAIX - Performance

Return Ranking - Trailing

Period PAAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -49.2% 436.8% 25.31% 2
1 Yr 10.8% -26.7% 45.9% 24.10% 2
3 Yr 1.5% * -16.8% 11.8% 61.31% 4
5 Yr 4.2% * -11.0% 15.6% 67.69% 4
10 Yr 5.2% * -5.4% 8.2% 21.69% 2

* Annualized


Return Ranking - Calendar

Period PAAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.3% -65.8% 23.3% 5.89% 1
2015 -12.1% -37.7% 48.7% 79.23% 5
2014 -4.0% -59.3% 22.9% 71.57% 5
2013 -4.0% -17.5% 36.4% 83.70% 5
2012 9.0% -16.2% 18.4% 38.01% 3

Total Return Ranking - Trailing

Period PAAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -49.2% 436.8% 25.44% 2
1 Yr 10.8% -28.0% 73.2% 19.85% 1
3 Yr 1.5% * -17.7% 28.2% 70.92% 4
5 Yr 4.2% * -11.3% 15.6% 75.91% 4
10 Yr 5.2% * -5.4% 8.2% 26.75% 2

* Annualized


Total Return Ranking - Calendar

Period PAAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 11.0% -65.6% 32.0% 4.93% 1
2015 -9.1% -29.3% 50.4% 88.99% 5
2014 1.0% -54.8% 25.4% 82.95% 5
2013 0.8% -16.7% 57.2% 89.08% 5
2012 19.4% -16.2% 74.5% 10.37% 1

NAV & Total Return History

PAAIX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

PAAIX Category Low Category High PAAIX % Rank Quintile
Net Assets 19.1 B 81.4 K 113 B 0.69% 1
Number of Holdings 38 1 12680 14.18% 3
Net Assets in Top 10 12.1 B -654 M 22 B 0.46% 1
Weighting of Top 10 64.1% 0.2% 318.9% 14.59% 3

Top 10 Holdings

  1. PIMCO Income Instl 6.44%
  2. PIMCO Emerging Local Bond Instl 7.09%
  3. PIMCO Emerging Markets Currency Instl 13.83%
  4. PIMCO RAE Low Volatility PLUS EMG Inst 11.24%
  5. PIMCO RAE Low Volatility PLUS Intl Inst 4.95%
  6. PIMCO RAE Worldwide Long/Short PLUS Inst 5.03%
  7. PIMCO High Yield Spectrum Instl 4.06%
  8. PIMCO RAE Fundamental EMkts Instl 3.99%
  9. PIMCO Long-Term US Government Instl 4.18%
  10. PIMCO Real Return Instl 3.25%

Asset Allocation

Weighting Category Low Category High PAAIX % Rank Quintile
Bonds
71.30% -2.09% 171.61% 1.46% 1
Stocks
36.04% -1.04% 145.18% 24.35% 4
Convertible Bonds
0.43% 0.00% 33.12% 6.04% 1
Other
0.32% -8.15% 98.84% 17.38% 4
Preferred Stocks
0.14% -0.09% 38.07% 8.51% 3
Cash
-8.23% -196.69% 99.77% 29.05% 5

Stock Sector Breakdown

Weighting Category Low Category High PAAIX % Rank Quintile
Consumer Defense
0.31% -2.25% 27.69% 21.14% 5
Financial Services
0.24% -5.62% 69.58% 27.34% 5
Technology
0.19% -3.41% 70.04% 27.10% 5
Consumer Cyclical
0.19% -10.31% 54.37% 25.72% 5
Industrials
0.17% -4.05% 48.84% 25.72% 5
Healthcare
0.10% -3.48% 31.05% 25.07% 5
Energy
0.09% -4.44% 33.20% 21.42% 5
Real Estate
0.07% -3.46% 51.93% 20.12% 5
Communication Services
0.06% -0.84% 27.16% 16.28% 5
Basic Materials
0.02% -1.53% 22.56% 18.59% 5
Utilities
0.01% -2.48% 47.20% 15.40% 5

Stock Geographic Breakdown

Weighting Category Low Category High PAAIX % Rank Quintile
Non US
35.84% -11.04% 150.26% 1.37% 1
US
0.20% -97.12% 142.41% 32.94% 5

Bond Sector Breakdown

Weighting Category Low Category High PAAIX % Rank Quintile
Corporate
24.32% 0.00% 83.77% 8.46% 2
Securitized
24.01% -0.01% 39.14% 1.42% 1
Government
19.25% -84.93% 154.66% 5.99% 1
Derivative
2.37% -84.53% 29.40% 0.87% 1
Municipal
0.50% 0.00% 80.51% 5.40% 1
Cash & Equivalents
-8.43% -198.57% 99.77% 29.19% 5

Bond Geographic Breakdown

Weighting Category Low Category High PAAIX % Rank Quintile
Non US
40.73% -57.44% 171.61% 0.41% 1
US
30.57% -84.81% 93.26% 14.50% 3

PAAIX - Expenses

Operational Fees

PAAIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.22% 0.00% 165.34% 18.14% 1
Management Fee 0.23% 0.00% 2.55% 4.49% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.05% 0.00% 0.83% 2.82% 2

Sales Fees

PAAIX Fees (% of AUM) Category Low Category High PAAIX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PAAIX Fees (% of AUM) Category Low Category High PAAIX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PAAIX Fees (% of AUM) Category Low Category High PAAIX Rank Quintile
Turnover 54.00% 0.00% 5609.00% 9.67% 3

PAAIX - Distributions

Dividend Yield Analysis

PAAIX Category Low Category High PAAIX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 10.52% 1

Dividend Distribution Analysis

PAAIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PAAIX Category Low Category High PAAIX % Rank Quintile
Net Income Ratio 3.06% -3.27% 12.91% 6.09% 1

Capital Gain Distribution Analysis

PAAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PAAIX - Managers

Robert D. Arnott

Manager

Start Date

Jul 31, 2002

Tenure

14.93

Tenure Rank

0.9%

Mr. Arnott is the founder and chairman of Research Affiliates, a subadvisor to PIMCO. In 2002, he established Research Affiliates as a research-intensive asset management firm that focuses on innovative asset allocation and alternative indexation products. He previously served as chairman of First Quadrant, as president of TSA Capital Management, and as vice president at The Boston Company. He also was global equity strategist at Salomon Brothers. He graduated summa cum laude from the University of California, Santa Barbara, in 1977 in economics, applied mathematics and computer science.


Christopher J. Brightman

Manager

Start Date

Nov 07, 2016

Tenure

0.64

Tenure Rank

7.2%

Mr. Brightman is chief investment officer at Research Affiliates, a subadvisor to PIMCO. He has more than three decades investment experience, including as board chair of The Investment Fund for Foundations, chief executive officer of the University of Virginia Investment Management Company, chief investment officer of Strategic Investment Group, director of global equity strategy at UBS Asset Management, and senior portfolio manager at Brinson Partners. He holds a bachelor's degree in finance from Virginia Tech and an MBA from Loyola University, Maryland.


Tenure Analysis

Category Low

0.0

Category High

49.3

Category Average

5.58

Category Mode

2.5