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PAAIX PIMCO All Asset Instl

  • Fund
  • PAAIX
  • Price as of: Jun 05, 2019
  • $11.49 - $0.01 - 0.09%
  • Category
  • Diversified Portfolio

PAAIX - Profile

Vitals

  • YTD Return 4.9%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $17.7 B
  • Holdings in Top 10 68.0%

52 WEEK LOW AND HIGH

$11.49
$10.87
$12.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.22%

SALES FEES

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

BROKERAGE FEES

  • Turnover 37.00%

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 4.9%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.48%
DIVIDENDS
  • Dividend Yield 0.1%
  • 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 (%)
YTD 4.9% -5.8% 20.6% 85.94%
1 Yr -4.3% -26.8% 10.9% 58.03%
3 Yr 1.7%* -10.3% 13.5% 41.49%
5 Yr -2.1%* -24.9% 8.8% 69.08%
10 Yr 0.6%* -15.3% 9.0% 94.72%

* Annualized


Return Ranking - Calendar

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.9% -34.6% 1.6% 41.20%
2017 9.0% -12.4% 33.2% 30.68%
2016 9.3% -65.8% 23.3% 7.29%
2015 -12.1% -64.9% 4.8% 91.68%
2014 -4.0% -29.5% 68.3% 85.48%

Total Return Ranking - Trailing

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -6.1% 21.0% 86.39%
1 Yr 0.4% -26.8% 12.4% 43.12%
3 Yr 6.2%* -10.3% 14.6% 29.45%
5 Yr 2.2%* -22.2% 47.3% 57.52%
10 Yr 6.2%* -12.5% 13.1% 59.89%

* Annualized


Total Return Ranking - Calendar

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.0% -32.7% 1.6% 25.51%
2017 14.0% -8.4% 33.2% 27.34%
2016 13.4% -65.2% 23.3% 4.64%
2015 -8.7% -62.9% 9.2% 89.68%
2014 0.8% -28.5% 76.9% 79.99%

NAV & Total Return History

PAAIX - Holdings

Concentration Analysis

PAAIX Category Low Category High PAAIX % Rank
Net Assets 17.7 B 608 K 144 B 2.86%
Number of Holdings 33 2 13352 56.49%
Net Assets in Top 10 11.7 B -323 M 26.4 B 2.29%
Weighting of Top 10 68.00% 5.6% 3196.0% 46.12%

Top 10 Holdings

  1. PIMCO Em Mkts Ccy and S/T Invsmt Instl 12.01%

  2. PIMCO RAE PLUS EMG Instl 11.93%

  3. PIMCO RAE Emerging Markets Instl 6.67%

  4. PIMCO RAE Worldwide Long/Short PLUS Inst 6.24%

  5. PIMCO RAE Fundamental AdvantagePLUS Inst 5.88%

  6. PIMCO Emerging Mkts Lcl Ccy and Bd Instl 5.75%

  7. PIMCO Income Instl 5.56%

  8. PIMCO Low Duration Instl 5.34%

  9. PIMCO Extended Duration Instl 4.62%

  10. PIMCO Real Estate Real Return Strategy I 4.02%


Asset Allocation

Weighting Return Low Return High PAAIX % Rank
Bonds
89.72% -248.60% 261.66% 3.50%
Stocks
36.41% -18.54% 135.47% 73.79%
Other
7.81% -253.31% 53.08% 7.82%
Convertible Bonds
1.30% 0.00% 26.92% 14.89%
Preferred Stocks
0.11% 0.00% 65.70% 40.27%
Cash
-35.35% -283.85% 358.29% 97.84%

Stock Sector Breakdown

Weighting Return Low Return High PAAIX % Rank
Consumer Defense
0.31% -1.62% 18.58% 92.26%
Financial Services
0.24% -0.38% 47.66% 95.39%
Technology
0.19% -3.40% 32.12% 95.27%
Consumer Cyclical
0.19% -10.37% 42.25% 95.33%
Industrials
0.17% -0.28% 27.17% 95.97%
Healthcare
0.10% -2.72% 45.45% 94.82%
Energy
0.09% -2.23% 34.31% 95.71%
Real Estate
0.07% -3.85% 76.20% 89.89%
Communication Services
0.06% -0.92% 7.14% 92.39%
Basic Materials
0.02% -1.52% 22.33% 94.11%
Utilities
0.01% -0.60% 23.50% 91.87%

Stock Geographic Breakdown

Weighting Return Low Return High PAAIX % Rank
US
24.99% -20.21% 134.61% 73.03%
Non US
11.42% -85.22% 74.42% 49.43%

Bond Sector Breakdown

Weighting Return Low Return High PAAIX % Rank
Government
33.86% -106.28% 254.66% 5.79%
Securitized
28.95% 0.00% 43.20% 2.10%
Corporate
19.54% 0.00% 86.09% 34.29%
Derivative
8.29% -207.30% 53.16% 2.16%
Municipal
0.22% 0.00% 99.76% 27.54%
Cash & Equivalents
-35.08% -277.47% 359.78% 97.84%

Bond Geographic Breakdown

Weighting Return Low Return High PAAIX % Rank
US
68.32% -245.97% 201.54% 5.41%
Non US
21.40% -71.37% 144.19% 5.34%

PAAIX - Expenses

Operational Fees

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.00% 11.64% 93.45%
Management Fee 0.23% 0.00% 2.50% 41.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.83% 21.86%

Sales Fees

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 6067.00% 48.28%

PAAIX - Distributions

Dividend Yield Analysis

PAAIX Category Low Category High PAAIX % Rank
Dividend Yield 0.05% 0.00% 0.57% 2.23%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PAAIX Category Low Category High PAAIX % Rank
Net Income Ratio 4.48% -4.09% 6.99% 1.27%

Capital Gain Distribution Analysis

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

PAAIX - Managers

Robert D. Arnott

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2002

16.84

16.8%

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

Tenure

Tenure Rank

Nov 07, 2016

2.56

2.6%

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

38.44

Category Average

6.62

Category Mode

7.04