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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

PIMCO All Asset Fund

PAAIX | Fund

$11.14

$15.7 B

16.47%

$1.82

0.92%

Vitals

YTD Return

6.0%

1 yr return

-11.7%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

-2.0%

Net Assets

$15.7 B

Holdings in Top 10

73.5%

52 WEEK LOW AND HIGH

$11.1
$10.21
$12.68

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 92.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

PIMCO All Asset Fund

PAAIX | Fund

$11.14

$15.7 B

16.47%

$1.82

0.92%

PAAIX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 9.82%
DIVIDENDS
  • Dividend Yield 16.5%
  • 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 Arnott

Fund Description

The Fund is a “fund of funds,” which is a term used to describe mutual funds that pursue their investment objective by investing in other funds. The Fund seeks to achieve its investment objective by investing under normal circumstances substantially all of its assets in the least expensive class of shares of any actively managed or smart beta funds (including mutual funds or exchange-traded funds) of the Trust, or PIMCO ETF Trust or PIMCO Equity Series, each an affiliated open-end investment company, except other 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 (collectively, “Underlying PIMCO Funds”). As used in the investment objective, “real return” equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure, and “real capital” equals capital less the estimated cost of inflation measured by the change in an official inflation measure. In addition to investing in Underlying PIMCO Funds, at the discretion of Pacific Investment Management Company LLC (“PIMCO”) and without shareholder approval, the Fund may invest in additional Underlying PIMCO Funds created in the future.The Fund invests its assets in shares of the Underlying PIMCO Funds and does not invest directly in stocks or bonds of other issuers. Research Affiliates, the Fund’s asset allocation sub-adviser, determines how the Fund allocates and reallocates its assets among the Underlying PIMCO Funds. In doing so, the asset allocation sub-adviser seeks concurrent exposure to a broad spectrum of asset classes.Investments in Underlying PIMCO Funds.The Fund may invest in any or all of the Underlying PIMCO Funds, but will not normally invest in every Underlying PIMCO Fund at any particular time. The Fund’s investment in a particular Underlying PIMCO Fund normally will not exceed 50% of its total assets. The Fund will not invest in the Short Strategy Underlying PIMCO Funds, which seek to gain a negative exposure to an asset class such as equities. The Fund’s combined investments in the Equity-Related Underlying PIMCO Funds will not exceed 50% of its total assets. In addition, the Fund’s combined investments in Inflation-Related Underlying PIMCO Funds, which seek to gain exposure to an asset class such as U.S. Treasury Inflation-Protected Securities (“TIPS”), commodities, or real estate, normally will not exceed 75% of its total assets.Asset Allocation Investment Process.The Fund’s assets are not allocated according to a predetermined blend of shares of the Underlying PIMCO Funds. Instead, the Fund’s asset allocation sub-adviser considers a broad range of quantitative data and qualitative inputs, both in isolation and to a material degree as inputs into a series of quantitative models that inform the final allocation and trading decisions, which are made by the Fund’s portfolio managers. The quantitative data and qualitative inputs considered include (but are not limited to) macroeconomic data relating to U.S. and foreign economies (such as economic growth measures, inflation measures, production and consumption measures, trade figures, fiscal policies and monetary policies) and financial market data relating to U.S. and foreign asset classes (such as yield levels, income growth rates, valuation measures, credit and default risk measures and financial statement data). These data points are primarily used as inputs to a series of quantitative models, which collectively enable the asset allocation sub- adviser to construct multiple optimized model portfolios for consideration in determining the Fund’s actual allocation and trading approach. These include models relating to capital markets expectations, macroeconomic regimes, risk regimes, factor analysis of Underlying PIMCO Funds and portfolio construction. Multiple model portfolios are constructed, each optimized to different return and risk parameters, so that the portfolio managers can assess the implications, attributes and tradeoffs of different asset allocation approaches in determining the final allocation and trading decisions, in seeking to achieve the objectives of the Fund.In addition to these quantitative and model-driven considerations, which comprise a majority of the asset allocation investment process, the portfolio managers also may consider various qualitative inputs in refining their final allocation and trading decisions. These may include qualitative macroeconomic and financial market views held by the asset allocation sub-adviser and PIMCO, as well as subjective assessments of liquidity risk, risk premia attractiveness, expected net flows into the Fund and investor behavioral factors.The Fund’s asset allocation sub-adviser has the flexibility to reallocate the Fund’s assets among any or all of the Underlying PIMCO Funds based on the asset allocation sub-adviser’s ongoing analyses of the absolute and relative attractiveness of the asset class and other investment exposures represented in each. These include (but are not limited to) exposures relating to U.S. and foreign equity, fixed income, currency and commodity markets, as well as idiosyncratic exposures of specific companies, countries, issuers or risk premia. While these analyses are updated and reviewed frequently, material shifts in asset allocation positioning are typically staged over longer periods of time, which reflects multiple considerations including market momentum, seeking best trading execution and monitoring portfolio turnover.
Read More

PAAIX - Performance

Return Ranking - Trailing

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -23.1% 21.1% 20.08%
1 Yr -11.7% -39.0% 7.4% 66.40%
3 Yr -1.6%* -18.6% 16.5% 48.10%
5 Yr -2.0%* -13.8% 12.6% 60.19%
10 Yr -1.3%* -8.3% 4.5% 75.19%

* Annualized

Return Ranking - Calendar

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.7% -48.5% 15.7% 54.80%
2021 1.5% -10.0% 21.8% 53.09%
2020 1.4% -5.8% 15.2% 60.00%
2019 2.1% -7.6% 6.4% 65.47%
2018 -2.1% -6.8% 8.1% 47.60%

Total Return Ranking - Trailing

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -29.8% 21.1% 20.08%
1 Yr -11.7% -39.0% 7.4% 66.40%
3 Yr -1.6%* -18.6% 16.5% 48.10%
5 Yr -1.0%* -13.8% 12.6% 49.76%
10 Yr 1.4%* -8.3% 6.7% 57.14%

* Annualized

Total Return Ranking - Calendar

Period PAAIX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.7% -48.5% 15.7% 55.20%
2021 1.5% -10.0% 21.8% 52.67%
2020 1.4% -5.8% 15.2% 60.00%
2019 2.1% -6.8% 6.4% 65.47%
2018 -1.0% -6.8% 11.4% 17.79%

NAV & Total Return History

PAAIX - Holdings

Concentration Analysis

PAAIX Category Low Category High PAAIX % Rank
Net Assets 15.7 B 643 K 15.7 B 1.53%
Number of Holdings 43 2 3255 50.00%
Net Assets in Top 10 12.1 B 349 K 12.1 B 1.54%
Weighting of Top 10 73.52% 22.2% 100.0% 52.16%

Top 10 Holdings

  1. Pimco Fds 21.48%
  2. Pimco Fds 15.81%
  3. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  4. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  5. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  6. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  7. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  8. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  9. Pimco All Asset: Multi-Rae Plus Fund 10.08%
  10. Pimco All Asset: Multi-Rae Plus Fund 10.08%

Asset Allocation

Weighting Return Low Return High PAAIX % Rank
Bonds 		53.29% 0.00% 106.59% 25.00%
Other 		40.06% -72.87% 73.78% 2.69%
Stocks 		12.62% 0.00% 238.38% 78.85%
Convertible Bonds 		1.12% 0.00% 8.92% 20.38%
Preferred Stocks 		0.10% 0.00% 6.21% 15.77%
Cash 		-7.20% -65.52% 88.88% 90.77%

Stock Sector Breakdown

Weighting Return Low Return High PAAIX % Rank
Utilities 		0.00% 0.00% 91.12% 86.75%
Technology 		0.00% 0.00% 85.77% 91.39%
Real Estate 		0.00% 0.00% 99.45% 90.73%
Industrials 		0.00% 0.00% 23.85% 90.07%
Healthcare 		0.00% 0.00% 38.63% 88.08%
Financial Services 		0.00% 0.00% 98.22% 89.40%
Energy 		0.00% 0.00% 60.89% 86.75%
Communication Services 		0.00% 0.00% 21.61% 88.74%
Consumer Defense 		0.00% 0.00% 37.51% 88.74%
Consumer Cyclical 		0.00% 0.00% 25.83% 88.74%
Basic Materials 		0.00% 0.00% 56.73% 87.42%

Stock Geographic Breakdown

Weighting Return Low Return High PAAIX % Rank
US 		8.29% -1.19% 235.84% 79.23%
Non US 		4.33% -6.82% 98.11% 50.00%

Bond Sector Breakdown

Weighting Return Low Return High PAAIX % Rank
Government 		62.81% 0.00% 99.78% 15.77%
Derivative 		15.94% 0.00% 71.81% 8.85%
Cash & Equivalents 		9.70% 0.22% 100.00% 83.08%
Corporate 		6.33% 0.00% 98.74% 43.85%
Securitized 		5.16% 0.00% 52.99% 25.77%
Municipal 		0.07% 0.00% 19.13% 24.62%

Bond Geographic Breakdown

Weighting Return Low Return High PAAIX % Rank
US 		32.12% -17.22% 99.80% 28.46%
Non US 		21.17% -2.67% 63.37% 16.54%

PAAIX - Expenses

Operational Fees

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.44% 3.72% 81.40%
Management Fee 0.23% 0.00% 1.50% 9.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.05% 0.70% 10.20%

Sales Fees

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 92.00% 0.00% 441.00% 48.54%

PAAIX - Distributions

Dividend Yield Analysis

PAAIX Category Low Category High PAAIX % Rank
Dividend Yield 16.47% 0.00% 11.75% 11.15%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PAAIX Category Low Category High PAAIX % Rank
Net Income Ratio 9.82% -2.12% 13.72% 2.73%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PAAIX - Fund Manager Analysis

Managers

Robert Arnott

Start Date

Tenure

Tenure Rank

Jul 31, 2002

19.85

19.9%

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 (now part of Analytic Investors), and as vice president at The Boston Company. He also was global equity strategist at Salomon Brothers. He has published more than 100 articles in journals such as the Journal of Portfolio Management, the Harvard Busine

Christopher Brightman

Start Date

Tenure

Tenure Rank

Nov 07, 2016

5.56

5.6%

Chris Brightman, Chief Executive Officer, Research Affiliates, since July 2021, and Chief Investment Officer since April 2014. Previously at Research Affiliates, Mr. Brightman served as a Managing Director and Head of Investment Management. Prior to joining Research Affiliates in 2010, Mr. Brightman was chief executive officer of the University of Virginia Investment Management Company.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.83 6.59 13.0

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