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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.
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| Period | PAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.4% | -21.7% | 23.7% | 72.50% |
| 1 Yr | 3.2% | -24.9% | 18.6% | 71.25% |
| 3 Yr | 1.1%* | -12.1% | 10.0% | 70.47% |
| 5 Yr | -0.6%* | -16.4% | 7.3% | 65.49% |
| 10 Yr | -0.3%* | -3.3% | 11.0% | 86.96% |
* Annualized
| Period | PAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -9.9% | -25.7% | 1.6% | 35.86% |
| 2017 | 9.0% | -11.6% | 22.0% | 51.41% |
| 2016 | 9.3% | -14.9% | 276.9% | 16.91% |
| 2015 | -12.1% | -87.3% | -1.0% | 76.79% |
| 2014 | -4.0% | -14.8% | 68.3% | 63.00% |
| Period | PAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.4% | -21.7% | 23.7% | 72.50% |
| 1 Yr | 6.3% | -24.9% | 18.6% | 53.13% |
| 3 Yr | 5.2%* | -12.1% | 10.0% | 30.20% |
| 5 Yr | 3.5%* | -16.4% | 7.3% | 33.63% |
| 10 Yr | 5.1%* | -3.3% | 11.0% | 43.48% |
* Annualized
| Period | PAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -5.0% | -25.7% | 1.6% | 8.97% |
| 2017 | 14.0% | -5.4% | 22.8% | 29.58% |
| 2016 | 13.4% | -14.9% | 276.9% | 7.35% |
| 2015 | -8.7% | -87.3% | 1.8% | 68.75% |
| 2014 | 0.8% | -14.8% | 76.9% | 56.00% |
| PAAIX | Category Low | Category High | PAAIX % Rank | |
|---|---|---|---|---|
| Net Assets | 17.5 B | 871 K | 17.5 B | 2.48% |
| Number of Holdings | 31 | 1 | 1705 | 53.75% |
| Net Assets in Top 10 | 12.4 B | 0 | 12.4 B | 2.50% |
| Weighting of Top 10 | 70.95% | 0.0% | 359.7% | 56.25% |
| Weighting | Return Low | Return High | PAAIX % Rank | |
|---|---|---|---|---|
| Bonds | 48.61% | -22.52% | 79.20% | 22.50% |
| Stocks | 39.85% | 0.00% | 92.78% | 66.25% |
| Other | 12.10% | -1.05% | 77.34% | 23.13% |
| Convertible Bonds | 1.53% | 0.00% | 14.41% | 13.13% |
| Preferred Stocks | 0.11% | 0.00% | 27.41% | 28.13% |
| Cash | -2.21% | -19.17% | 100.00% | 93.13% |
| Weighting | Return Low | Return High | PAAIX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 0.31% | 0.00% | 14.18% | 87.42% |
| Financial Services | 0.24% | 0.00% | 31.24% | 88.05% |
| Technology | 0.19% | 0.00% | 25.66% | 90.57% |
| Consumer Cyclical | 0.19% | 0.00% | 19.56% | 89.31% |
| Industrials | 0.17% | 0.00% | 14.84% | 88.68% |
| Healthcare | 0.10% | -1.52% | 16.37% | 87.42% |
| Energy | 0.09% | -1.47% | 12.38% | 87.42% |
| Real Estate | 0.07% | 0.00% | 32.97% | 89.31% |
| Communication Services | 0.06% | 0.00% | 19.79% | 88.05% |
| Basic Materials | 0.02% | -1.04% | 14.80% | 90.57% |
| Utilities | 0.01% | -0.58% | 14.69% | 87.42% |
| Weighting | Return Low | Return High | PAAIX % Rank | |
|---|---|---|---|---|
| Non US | 31.39% | 0.00% | 48.78% | 22.50% |
| US | 8.46% | -7.66% | 64.13% | 88.13% |
| Weighting | Return Low | Return High | PAAIX % Rank | |
|---|---|---|---|---|
| Securitized | 31.46% | 0.00% | 49.95% | 6.88% |
| Corporate | 14.86% | 0.00% | 62.38% | 47.50% |
| Derivative | 7.12% | -0.46% | 11.67% | 5.63% |
| Municipal | 0.17% | 0.00% | 23.42% | 25.00% |
| Cash & Equivalents | -2.23% | -19.17% | 100.00% | 93.13% |
| Government | -3.34% | -68.77% | 66.05% | 90.00% |
| Weighting | Return Low | Return High | PAAIX % Rank | |
|---|---|---|---|---|
| US | 40.50% | -82.51% | 67.38% | 23.13% |
| Non US | 8.11% | 0.00% | 59.99% | 33.13% |
| PAAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.22% | 0.00% | 5.31% | 98.75% |
| Management Fee | 0.23% | 0.15% | 1.50% | 5.63% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.02% | 0.45% | 11.24% |
| PAAIX 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% | 4.00% | N/A |
| PAAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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 | 42.00% | 9.00% | 6333.00% | 16.88% |
| PAAIX | Category Low | Category High | PAAIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.35% | 0.00% | 6.62% | 8.70% |
| PAAIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
| PAAIX | Category Low | Category High | PAAIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.08% | -1.65% | 5.60% | 2.50% |
| PAAIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
| Date | Amount |
|---|---|
| Mar 14, 2019 | $0.059 |
| Dec 27, 2018 | $0.335 |
| Sep 13, 2018 | $0.110 |
| Jun 14, 2018 | $0.094 |
| Mar 15, 2018 | $0.063 |
| Dec 28, 2017 | $0.256 |
| Sep 14, 2017 | $0.154 |
| Jun 15, 2017 | $0.108 |
| Mar 16, 2017 | $0.026 |
| Dec 29, 2016 | $0.244 |
| Sep 15, 2016 | $0.056 |
| Jun 16, 2016 | $0.052 |
| Mar 17, 2016 | $0.050 |
| Dec 30, 2015 | $0.196 |
| Sep 17, 2015 | $0.089 |
| Jun 18, 2015 | $0.083 |
| Mar 19, 2015 | $0.033 |
| Dec 30, 2014 | $0.324 |
| Sep 18, 2014 | $0.104 |
| Jun 19, 2014 | $0.091 |
| Mar 20, 2014 | $0.067 |
| Dec 30, 2013 | $0.299 |
| Sep 19, 2013 | $0.101 |
| Jun 20, 2013 | $0.083 |
| Mar 21, 2013 | $0.109 |
| Dec 31, 2012 | $0.078 |
| Dec 27, 2012 | $0.367 |
| Sep 20, 2012 | $0.090 |
| Jun 21, 2012 | $0.069 |
| Mar 22, 2012 | $0.114 |
| Dec 28, 2011 | $0.450 |
| Sep 15, 2011 | $0.162 |
| Jun 16, 2011 | $0.124 |
| Mar 17, 2011 | $0.063 |
| Dec 31, 2010 | $0.573 |
| Sep 16, 2010 | $0.145 |
| Jun 17, 2010 | $0.153 |
| Mar 18, 2010 | $0.107 |
| Dec 30, 2009 | $0.546 |
| Sep 17, 2009 | $0.128 |
| Jun 18, 2009 | $0.116 |
| Mar 19, 2009 | $0.082 |
| Dec 30, 2008 | $0.320 |
| Sep 18, 2008 | $0.121 |
| Jun 19, 2008 | $0.121 |
| Mar 20, 2008 | $0.121 |
| Dec 27, 2007 | $0.553 |
| Sep 20, 2007 | $0.187 |
| Jun 21, 2007 | $0.138 |
| Mar 22, 2007 | $0.088 |
| Dec 27, 2006 | $0.368 |
| Sep 21, 2006 | $0.158 |
| Jun 22, 2006 | $0.138 |
| Mar 23, 2006 | $0.078 |
| Dec 29, 2005 | $0.450 |
| Sep 22, 2005 | $0.138 |
| Jun 23, 2005 | $0.114 |
| Mar 24, 2005 | $0.067 |
| Dec 29, 2004 | $0.567 |
| Sep 16, 2004 | $0.098 |
| Jun 17, 2004 | $0.039 |
| Mar 18, 2004 | $0.029 |
| Dec 30, 2003 | $0.326 |
| Sep 18, 2003 | $0.039 |
| Jun 19, 2003 | $0.089 |
| Mar 20, 2003 | $0.014 |
Start Date
Tenure
Tenure Rank
Jul 31, 2002
17.35
17.4%
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.
Start Date
Tenure
Tenure Rank
Nov 07, 2016
3.06
3.1%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.43 | 4.88 | 4.92 |
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