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Trending ETFs

Name

As of 06/17/2024

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

$13.11

$150 M

12.40%

$1.61

2.05%

Vitals

YTD Return

7.6%

1 yr return

25.8%

3 Yr Avg Return

63.2%

5 Yr Avg Return

47.6%

Net Assets

$150 M

Holdings in Top 10

48.6%

52 WEEK LOW AND HIGH

$13.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.05%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 96.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

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

$13.11

$150 M

12.40%

$1.61

2.05%

PCFEX - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 63.2%
  • 5 Yr Annualized Total Return 47.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.41%
DIVIDENDS
  • Dividend Yield 12.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO RAE PLUS Small Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Arnott

Fund Description

The Fund seeks to exceed the total return of the Russell 2000® Value Index under normal circumstances by obtaining exposure to a portfolio of stocks of U.S. small companies (“RAE US Small Model Portfolio”), and complementing this equity exposure with absolute return bond alpha strategy (“AR Bond Alpha Strategy”). The stocks are selected by the Fund’s sub-adviser, Research Affiliates (“Sub-Adviser”), from a broad universe of companies which satisfy certain liquidity and capacity requirements. Under normal circumstances equity total return swaps are used to obtain exposure to the RAE US Small Model Portfolio.The Sub-Adviser uses the RAE® methodology for portfolio construction. The RAE® methodology is a rules-based model that selects stocks using quantitative signals that indicate higher expected returns, e.g., value, quality, and momentum. The model then weights selected stocks by using their fundamental measures of company size, e.g., sales, cash flow, dividends and book value. The Sub-Adviser applies the RAE® methodology to small U.S. companies as determined by cumulative fundamental measures of company size for the RAE US Small Model Portfolio. The fundamental weights of U.S. companies are sorted in descending order where the top cumulative 86% weights are eligible as large and mid-sized companies and the remaining companies are eligible as small-sized companies. Actual stock positions in the RAE US Small Model Portfolio, which drift apart from target weights as market prices change, are rebalanced to target weights periodically. The RAE® methodology’s systematic portfolio rebalancing reflects a value orientation. Portfolio managers do not have discretion with respect to the allocations determined by the RAE® methodology. The RAE® methodology is not updated according to any predetermined schedule.The Sub-Adviser provides investment advisory services in connection with the Fund’s swap-based exposure to the RAE US Small Model Portfolio by, among other things, providing PIMCO, or counterparties designated by PIMCO, with the RAE US Small Model Portfolio for purposes of developing equity total return swaps based on the RAE US Small Model Portfolio. In a typical swap agreement, the Fund will receive the total return of the RAE US Small Model Portfolio from the counterparty to the swap agreement in exchange for paying the counterparty an agreed upon short-term interest rate.Because the RAE US Small Model Portfolio is a proprietary portfolio, there may be a limited number of counterparties willing or able to serve as counterparties to a swap agreement. If such swap agreements are not available, or if swap pricing is unattractive or for other reasons, the Fund may invest in other instruments, “baskets” of stocks, or individual securities to replicate the performance of the RAE US Small Model Portfolio.The Fund seeks to remain exposed to the RAE US Small Model Portfolio even when the value of the RAE US Small Model Portfolio is declining.In managing the Fund’s investments in the AR Bond Alpha Strategy, PIMCO seeks to outperform the short-term interest rate cost of obtaining equity exposure, thereby enhancing the Fund’s total return and return versus the benchmark (sometimes referred to as “alpha”). The AR Bond Alpha Strategy invests in a diversified portfolio of Fixed Income Instruments, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. “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 AR Bond Alpha Strategy is not designed to systematically provide bond market exposure, although the returns may (or may not) be positively correlated with the returns of the bond market.The AR Bond Alpha Strategy seeks to maintain an overall portfolio duration which normally varies from (negative) 3 years to positive 8 years based on PIMCO’s market forecasts among other factors. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. In addition to duration, the AR Bond Alpha Strategy has flexibility with respect to overall sector exposures, non-U.S. exposures and credit quality, both as a function of the strategy’s investment guidelines and lack of a bond market index benchmark.The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may invest up to 20% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest, without limitation, in securities denominated in foreign (non-U.S.) currencies and in U.S. dollar-denominated securities of foreign (non-U.S.) issuers. The Fund may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest in such instruments without limitation subject to any applicable legal or regulatory limitation). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 35% of its total assets. The Fund will normally limit its exposure (from non-U.S. dollar-denominated securities or currencies) to each non-U.S. currency to 10% of its total assets. The Fund will normally limit its aggregate U.S. dollar exposure from transactions or instruments that reference the relative return of a non-U.S. currency or currencies as compared to the U.S. dollar to 20% of its total assets. The Fund may also invest up to 10% of its total assets in preferred securities.
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PCFEX - Performance

Return Ranking - Trailing

Period PCFEX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -13.7% 10.3% 4.11%
1 Yr 25.8% -6.4% 29.2% 2.97%
3 Yr 63.2%* -16.5% 61.9% 0.96%
5 Yr 47.6%* -4.0% 48.7% 1.03%
10 Yr 24.7%* -4.1% 25.7% 1.32%

* Annualized

Return Ranking - Calendar

Period PCFEX Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% -6.0% 33.6% 28.83%
2022 206.0% -36.7% 212.9% 0.93%
2021 -62.0% -62.0% 147.6% 100.00%
2020 -10.3% -24.8% 31.3% 98.27%
2019 18.2% -21.7% 34.0% 56.74%

Total Return Ranking - Trailing

Period PCFEX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -13.7% 10.3% 4.11%
1 Yr 25.8% -6.4% 29.2% 2.97%
3 Yr 63.2%* -16.5% 61.9% 0.96%
5 Yr 47.6%* -4.0% 48.7% 1.03%
10 Yr 24.7%* -4.1% 25.7% 1.32%

* Annualized

Total Return Ranking - Calendar

Period PCFEX Return Category Return Low Category Return High Rank in Category (%)
2023 16.7% 1.8% 35.4% 41.42%
2022 246.0% -36.7% 250.0% 0.93%
2021 36.5% -3.0% 157.9% 18.55%
2020 9.1% -13.5% 33.4% 20.25%
2019 20.2% -1.5% 34.3% 73.83%

NAV & Total Return History


PCFEX - Holdings

Concentration Analysis

PCFEX Category Low Category High PCFEX % Rank
Net Assets 150 M 2.13 M 52.9 B 67.12%
Number of Holdings 646 10 1578 6.62%
Net Assets in Top 10 75.9 M 180 K 3.25 B 52.51%
Weighting of Top 10 48.56% 5.0% 92.1% 5.03%

Top 10 Holdings

  1. DEUTSCHE BANK REPO REPO 12.29%
  2. PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND 7.30%
  3. ERAUSST TRS EQUITY FEDL01+25 *BULLET* JP 5.60%
  4. FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 5.56%
  5. FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 4.91%
  6. FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 3.25%
  7. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 3.19%
  8. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 2.60%
  9. FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 1.98%
  10. JAPAN TREASURY DISC BILL BILLS 06/24 0.00000 1.90%

Asset Allocation

Weighting Return Low Return High PCFEX % Rank
Bonds
78.84% 0.00% 78.84% 0.91%
Other
39.58% -3.30% 39.58% 0.91%
Cash
9.89% 0.00% 41.08% 8.22%
Stocks
2.46% 2.46% 104.11% 100.00%
Convertible Bonds
0.74% 0.00% 2.63% 1.16%
Preferred Stocks
0.00% 0.00% 2.10% 79.45%

Stock Sector Breakdown

Weighting Return Low Return High PCFEX % Rank
Utilities
0.00% 0.00% 13.86% 6.91%
Technology
0.00% 0.00% 34.03% 100.00%
Real Estate
0.00% 0.00% 44.41% 99.51%
Industrials
0.00% 0.65% 48.61% 100.00%
Healthcare
0.00% 0.00% 25.76% 99.51%
Financial Services
0.00% 0.00% 35.71% 100.00%
Energy
0.00% 0.00% 29.42% 0.99%
Communication Services
0.00% 0.00% 24.90% 98.77%
Consumer Defense
0.00% 0.00% 13.22% 100.00%
Consumer Cyclical
0.00% 0.00% 51.62% 100.00%
Basic Materials
0.00% 0.00% 67.30% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High PCFEX % Rank
US
2.46% 2.46% 104.11% 100.00%
Non US
0.00% 0.00% 76.26% 82.65%

Bond Sector Breakdown

Weighting Return Low Return High PCFEX % Rank
Government
26.72% 0.00% 56.51% 1.56%
Securitized
17.64% 0.00% 17.64% 1.04%
Derivative
12.53% -3.30% 12.53% 0.91%
Cash & Equivalents
9.89% 0.00% 100.00% 9.59%
Corporate
2.26% 0.00% 100.00% 6.23%
Municipal
0.04% 0.00% 0.04% 1.04%

Bond Geographic Breakdown

Weighting Return Low Return High PCFEX % Rank
US
72.43% 0.00% 72.43% 0.91%
Non US
6.41% 0.00% 6.41% 0.91%

PCFEX - Expenses

Operational Fees

PCFEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.05% 0.05% 37.04% 10.96%
Management Fee 0.94% 0.00% 1.50% 86.50%
12b-1 Fee 1.00% 0.00% 1.00% 96.81%
Administrative Fee 0.35% 0.01% 0.35% 100.00%

Sales Fees

PCFEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 78.26%

Trading Fees

PCFEX 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.

PCFEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.00% 7.00% 252.00% 91.62%

PCFEX - Distributions

Dividend Yield Analysis

PCFEX Category Low Category High PCFEX % Rank
Dividend Yield 12.40% 0.00% 14.14% 24.89%

Dividend Distribution Analysis

PCFEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

PCFEX Category Low Category High PCFEX % Rank
Net Income Ratio 0.41% -1.43% 4.13% 50.00%

Capital Gain Distribution Analysis

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

Distributions History

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PCFEX - Fund Manager Analysis

Managers

Robert Arnott


Start Date

Tenure

Tenure Rank

Sep 26, 2014

7.68

7.7%

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

Jul 28, 2017

4.84

4.8%

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.

Jing Yang


Start Date

Tenure

Tenure Rank

Jul 20, 2018

3.87

3.9%

Ms. Yang is an executive vice president and a mortgage specialist in the structured credit group in the Newport Beach office. Prior to joining Pacific Investment Management Company LLC in 2006, she worked in home equity loan structuring at Morgan Stanley in New York. She has eight years of investment experience and holds a Ph.D. in Bioinformatics and a master's degree in statistics from the University of Chicago.Ms. Yang is an Executive Vice President of Pacific Investment Management Company LLC.

Bryan Tsu


Start Date

Tenure

Tenure Rank

Jul 20, 2018

3.87

3.9%

Mr. Tsu is a senior vice president and portfolio manager in the Newport Beach office, focusing on commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs). Prior to joining Pacific Investment Management Company LLC in 2008, he worked at Bear Stearns in New York, syndicating collateralized loan and collateralized debt obligations and other asset-backed transactions. He has eight years of investment experience and holds a bachelor's degree in economics and operations research from Columbia University.Mr. Tsu is one of Executive Vice Presidents of Pacific Investment Management Company LLC.

Marc Seidner


Start Date

Tenure

Tenure Rank

Feb 04, 2021

1.32

1.3%

Mr. Seidner is CIO Non-traditional Strategies, a managing director and head of portfolio management in the New York office. He is also a generalist portfolio manager and a member of the Investment Committee. He rejoined PIMCO in November 2014 after serving as head of fixed income at GMO LLC. Prior to joining PIMCO in 2009, he was a managing director and domestic fixed income portfolio manager at Harvard Management Company. Previously, he was director of active core strategies at Standish Mellon Asset Management. He holds an undergraduate degree in economics from Boston College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.2 3.58