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Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO REALPATH Blend 2065 Fund

PBLIX | Fund

$12.18

$10.7 M

3.52%

$0.42

0.29%

Vitals

YTD Return

4.5%

1 yr return

15.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$10.7 M

Holdings in Top 10

97.1%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO REALPATH Blend 2065 Fund

PBLIX | Fund

$12.18

$10.7 M

3.52%

$0.42

0.29%

PBLIX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO REALPATH Blend 2065 Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Jan 03, 2023
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Martin C. Schulz

Fund Description

The PIMCO REALPATH® Blend 2065 Fund (the “Fund”) is intended for investors seeking professional management of a comprehensive asset allocation strategy for retirement savings. The Fund is managed for shareholders that plan to retire or begin withdrawing assets around the year 2065, the Fund’s target year. This is the “self-elected” year of retirement for the investors in the Fund. The primary difference between the PIMCO REALPATH® Blend Funds is their asset allocation, which varies depending on the number of years left until the “self-elected” year of retirement indicated in the PIMCO REALPATH® Blend Fund’s name. The Fund’s allocation is intended to meaningfully reduce risk and increasingly focus on preservation of capital as the target retirement date of the Fund nears. An investment in the Fund is not guaranteed, and you may experience losses, including losses near, at, or after the target year indicated in the Fund’s name. There is no guarantee that the Fund will provide adequate income at and through your retirement.In managing the Fund, PIMCO uses a three-step approach consisting of 1) developing and re-evaluating a long-term asset allocation “glide path”; 2) allocating between fixed income and equity exposures; and 3) utilizing hedging techniques to manage risks.The Fund seeks to achieve its investment objective by investing under normal circumstances in a combination of affiliated and unaffiliated funds that are registered under the Investment Company Act of 1940, as amended (the “1940 Act”), equity securities, Fixed Income Instruments of varying maturities, or related derivatives on any of the preceding securities mentioned. The Fund 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 PIMCO California Municipal Intermediate Value Fund, PIMCO California Municipal Opportunistic Value Fund, PIMCO National Municipal Intermediate Value Fund and PIMCO National Municipal Opportunistic Value Fund (“Underlying PIMCO Funds”), and unaffiliated funds that are registered under the 1940 Act (collectively, “Acquired Funds”). Under normal circumstances, the Fund seeks to invest substantially all of its equity exposure in index tracking securities, including investments in affiliated or unaffiliated investment companies, which will be registered under the 1940 Act, or related derivatives on such securities or indexes. “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 will invest in such funds, securities, instruments and other investments to the extent permitted under the 1940 Act, or any exemptive relief therefrom. To the extent the Fund invests in Underlying PIMCO Funds, PIMCO expects to select such Underlying PIMCO Funds without considering or canvassing the universe of available unaffiliated Acquired Funds.The Fund’s long-term asset allocations are based on a “glide path” developed by PIMCO and are based on quantitative and qualitative data relating to various risk metrics, long-term market trends, correlation of asset types and actuarial assumptions of life expectancy and retirement. The Fund’s current glide path asset allocation is based on its target date, which is the year in the name of the Fund. The target date assumes a retirement age of 65, and time horizons based on current longevity of persons reaching retirement in average health. Choosing a PIMCO REALPATH® Blend Fund targeting an earlier date represents a more conservative choice; choosing a PIMCO REALPATH® Blend Fund targeting a later date represents a more aggressive choice. The glide path is designed not only to reduce risk as the target retirement date nears, but is also designed to provide investors diversification across a variety of asset classes. The glide path changes over time, generally becoming more conservative as the Fund approaches the target date.The chart below shows the glide path and illustrates how the allocation among the asset classes changes before and at the target date. The glide path allocation at the target date remains constant beyond that date. PIMCO may choose to modify the target asset allocations of the glide path itself from time to time. The Fund intends to rebalance its portfolio’s asset allocation to that of the glide path on a monthly basis.As the Fund reaches the target year indicated in the Fund’s name, it may be combined with the PIMCO REALPATH® Blend Income Fund, provided that the Board of Trustees determines that the combination would be in the best interests of the Fund and its shareholders. Prior to any combination, which may occur on or after the target year indicated in the Fund’s name, the Fund will provide shareholders with advance notice regarding the combination. If and when such a combination occurs, shareholders of the Fund will become shareholders of the PIMCO REALPATH® Blend Income Fund.As part of its investment process, PIMCO expects to seek to reduce exposure to certain risks by implementing various hedging transactions. These hedging transactions seek to reduce the Fund’s exposure to certain severe, unanticipated market events that could significantly detract from returns. PIMCO intends to utilize these hedging transactions once the Fund is within 10 years of the target retirement date or at such other times as deemed appropriate by PIMCO. However, there can be no assurance that the Fund’s hedging transactions will be effective.PIMCO evaluates various combinations of affiliated or unaffiliated funds, securities, instruments and other investments to obtain the desired exposures and invests accordingly. Summary information about the Underlying PIMCO Funds can be found in the Fund’s prospectus. More complete information about the Underlying PIMCO Funds can be found in the Underlying PIMCO Funds’ prospectuses, statements of additional information and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without notice.
Read More

PBLIX - Performance

Return Ranking - Trailing

Period PBLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -1.4% 24.7% 21.80%
1 Yr 15.2% -8.4% 44.5% 18.71%
3 Yr N/A* -7.0% 8.1% 0.23%
5 Yr N/A* -4.3% 13.9% 86.43%
10 Yr N/A* 0.4% 10.5% 67.08%

* Annualized

Return Ranking - Calendar

Period PBLIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -12.2% 23.9% 92.92%
2022 N/A -34.7% 0.0% 88.92%
2021 N/A -11.9% 18.1% 65.83%
2020 N/A -20.9% 39.7% 0.15%
2019 N/A 0.8% 25.7% 95.63%

Total Return Ranking - Trailing

Period PBLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -1.4% 24.7% 21.80%
1 Yr 15.2% -8.4% 44.5% 18.71%
3 Yr N/A* -7.0% 8.1% 0.23%
5 Yr N/A* -4.3% 13.9% 89.02%
10 Yr N/A* 0.4% 10.5% 71.82%

* Annualized

Total Return Ranking - Calendar

Period PBLIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -12.2% 26.8% 94.42%
2022 N/A -29.0% 10.9% 19.76%
2021 N/A -3.0% 24.2% 61.06%
2020 N/A -19.5% 40.6% 0.15%
2019 N/A 4.4% 32.7% 95.94%

NAV & Total Return History

PBLIX - Holdings

Concentration Analysis

PBLIX Category Low Category High PBLIX % Rank
Net Assets 10.7 M 789 K 217 B 97.92%
Number of Holdings 16 2 15716 79.64%
Net Assets in Top 10 10.4 M 618 K 62.8 B 96.23%
Weighting of Top 10 97.10% 11.4% 121.1% 15.76%

Top 10 Holdings

  1. VANGUARD INSTITUTIONAL INDEX F VANGUARD INST INDEX INST 45.40%
  2. VANGUARD DEVELOPED MARKETS IND VANGUARD DEV MKT INDX ADM 30.19%
  3. VANGUARD EMERGING MARKETS STOC VANGUARD EM MKT STK IND ADM 9.66%
  4. VANGUARD SMALL CAP INDEX FUND VANGUARD SML CAP INDX ADM 4.65%
  5. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 3.89%
  6. PIMCO TOTAL RETURN FUND PIMCO TOTAL RETURN FUND INST 0.74%
  7. PIMCO INCOME FUND PIMCO INCOME FUND INS 0.73%
  8. PIMCO LONG TERM REAL RETURN FU PIMCO LNG TRM RL RTRN INST 0.70%
  9. PIMCO LONG TERM US GOVERNMENT PIMCO LNG TRM US GVT BD INST 0.70%
  10. PIMCO REAL RETURN FUND PIMCO REAL RETURN FUND INST 0.44%

Asset Allocation

Weighting Return Low Return High PBLIX % Rank
Stocks 		93.60% 0.00% 103.09% 40.17%
Cash 		6.11% -10.21% 100.00% 18.69%
Other 		0.29% -42.80% 117.44% 28.45%
Convertible Bonds 		0.19% 0.00% 23.84% 81.18%
Preferred Stocks 		0.00% 0.00% 23.88% 63.32%
Bonds 		0.00% 0.00% 77.27% 78.80%

Stock Sector Breakdown

Weighting Return Low Return High PBLIX % Rank
Financial Services 		12.00% 0.00% 38.77% 86.48%
Industrials 		7.52% 0.00% 24.37% 90.14%
Technology 		6.90% 0.00% 44.21% 94.23%
Healthcare 		6.79% 0.00% 29.35% 91.69%
Consumer Cyclical 		5.07% 0.00% 19.36% 88.87%
Consumer Defense 		4.97% 0.00% 15.14% 81.83%
Communication Services 		4.23% 0.00% 38.10% 91.97%
Energy 		3.42% 0.00% 85.65% 78.17%
Utilities 		2.80% 0.00% 99.55% 56.62%
Real Estate 		2.60% 0.00% 65.01% 67.61%
Basic Materials 		2.34% 0.00% 33.35% 80.85%

Stock Geographic Breakdown

Weighting Return Low Return High PBLIX % Rank
US 		93.60% 0.00% 103.09% 39.89%
Non US 		0.00% 0.00% 38.68% 64.99%

PBLIX - Expenses

Operational Fees

PBLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.03% 17.63% 97.64%
Management Fee 0.05% 0.00% 1.83% 21.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

PBLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PBLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

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.

PBLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 343.00% 65.67%

PBLIX - Distributions

Dividend Yield Analysis

PBLIX Category Low Category High PBLIX % Rank
Dividend Yield 3.52% 0.00% 18.00% 76.84%

Dividend Distribution Analysis

PBLIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

PBLIX Category Low Category High PBLIX % Rank
Net Income Ratio 1.79% -2.34% 19.41% 19.46%

Capital Gain Distribution Analysis

PBLIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PBLIX - Fund Manager Analysis

Managers

Martin C. Schulz

Start Date

Tenure

Tenure Rank

Jul 10, 1998

21.32

21.3%

Martin is a member of the Leadership Team and managing director of the International Equity team. Martin has previous investment experience, including positions in equity research and portfolio management. Prior to joining the firm or its predecessor, he was a portfolio manager with National City Corporation. Martin received a B.A. in international relations from Cornell University, graduating magna cum laude, and an M.B.A. in international business and a J.D. from George Washington University. Martin speaks fluent German and French.

Jason Weber

Start Date

Tenure

Tenure Rank

Mar 21, 2016

3.61

3.6%

Jason specializes in trading structured securities and structured products research, specifically residential and commercial mortgage-backed securities. He also follows the TIPS market and supports the fixed income team by monitoring portfolio compliance and assets under management. Jason joined PNC in 2004 in the Treasury division before moving to the firm or its predecessor in 2007. Jason graduated with a B.A. in economics from Dartmouth College. He received his Masters of Science in finance from Loyola College.

Michael Coleman

Start Date

Tenure

Tenure Rank

Mar 21, 2016

3.61

3.6%

Mr. Coleman, Portfolio Manager, has been with PNC Capital Advisors, LLC since 2012.

Aneet Deshpande

Start Date

Tenure

Tenure Rank

Nov 07, 2016

2.98

3.0%

Aneet Deshpande, CFA, Managing Director with PNC Capital Advisors, LLC from 2007 to 2015, and rejoined the Adviser in 2016. Mr. Deshpande serves as the Head of Equity Trading for the PNC Capital Advisors.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.33 2.41

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