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Name

As of 06/12/2024

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

$13.95

$221 M

3.84%

$0.53

1.61%

Vitals

YTD Return

6.8%

1 yr return

13.3%

3 Yr Avg Return

0.6%

5 Yr Avg Return

5.8%

Net Assets

$221 M

Holdings in Top 10

66.9%

52 WEEK LOW AND HIGH

$13.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.61%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 119.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/12/2024

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

$13.95

$221 M

3.84%

$0.53

1.61%

PGMAX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO Global Core Asset Allocation Fund
  • Fund Family Name
    PIMCO
  • Inception Date
    Oct 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Geraldine Sundstrom

Fund Description

The Fund is intended for investors who prefer to have their asset allocation decisions made by professional investment managers. Pacific Investment Management Company LLC (“PIMCO”) uses a three-step approach in seeking to achieve the Fund’s investment objective which consists of 1) developing a target asset allocation; 2) developing a series of relative value strategies designed to add value beyond the target allocation; and 3) utilizing hedging techniques to manage risks. PIMCO evaluates these three steps and uses varying combinations of Acquired Funds and/or direct investments to implement them within the Fund. The Fund may invest in Institutional Class or Class M shares of any funds of the Trust and PIMCO Equity Series, an affiliated open-end investment company, 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 may also invest in other affiliated funds, including funds of PIMCO ETF Trust, and unaffiliated funds (collectively, “Acquired Funds”). The term “fund of funds” refers to mutual funds that pursue their investment objective by investing all or a significant portion of their assets in other funds.The Fund seeks to achieve its investment objective by investing under normal circumstances in a combination of affiliated and unaffiliated funds, which may or may not be registered under the Investment Company Act of 1940, as amended (the “1940 Act”), Fixed Income Instruments, equity securities, forwards and derivatives. “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. The Fund may invest, without limitation, in any of the Underlying PIMCO Funds (except the PIMCO CommoditiesPLUS® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund® and PIMCO Commodity Strategy Active Exchange-Traded Fund). 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 will invest either directly or indirectly (through a fund) in instruments that are economically tied to at least three countries (one of which may be the United States).Asset Allocations.The Fund seeks concurrent exposure to a broad spectrum of asset classes and other investments. The Fund will typically invest 20% to 80% of its net assets in equity-related investments (including investment in common stock, preferred securities, equity securities of real estate investment trusts and/or investment in the Domestic Equity-Related Underlying PIMCO Funds, the International Equity-Related Underlying PIMCO Funds and the PIMCO RealEstateRealReturn Strategy Fund, an Underlying PIMCO Fund and in other equity-related Acquired Funds). For the purposes of the above limitation, equity positions will be calculated on a net basis, meaning if short equity-related positions are held, they will be netted against long positions. With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Fund may invest. The Fund may invest up to 25% of its total assets in commodity-related investments (including exposure to commodity-related investments obtained through investment in the PIMCO Cayman Commodity Fund II Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”), and investment in the PIMCO CommoditiesPLUS® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund® and PIMCO Commodity Strategy Active Exchange-Traded Fund, Underlying PIMCO Funds). The Subsidiary is advised by PIMCO and primarily invests in commodity-linked derivative instruments backed by a portfolio of Fixed Income Instruments. As discussed in greater detail elsewhere in this prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements and other commodity-linked derivative instruments. In order to comply with certain issuer diversification limits imposed by the Internal Revenue Code, the Fund may invest up to 25% of its total assets in the Subsidiary. The Fund may invest, without limitation, in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund may invest, without limitation, in highyield securities (“junk bonds”). The Fund may invest, without limitation, in securities and instruments that are economically tied to emerging market countries. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.Asset Allocation Investment Process.The Fund’s assets are not allocated according to a predetermined blend of shares of the Acquired Funds and/or direct investments in securities, instruments and other investments. Instead, when making allocation decisions among the Acquired Funds, securities, instruments and other investments, PIMCO considers various qualitative and quantitative factors relating to the U.S. and non-U.S. economies, and securities and commodities markets. These factors include projected growth trends in the U.S. and non-U.S. economies, forecasts for interest rates and the relationship between short- and long-term interest rates (yield curve), current and projected trends in inflation, relative valuation levels in the equity, fixed income, commodity and real estate markets and various segments within those markets, the outlook and projected growth of various industrial sectors, information relating to business cycles, borrowing needs and the cost of capital, political trends, data relating to trade balances, and labor information. PIMCO uses these factors to help determine the Fund’s target asset allocation and to identify potentially attractive relative value and risk hedging strategies. PIMCO has the flexibility to reallocate the Fund’s assets among any or all of the investment exposures represented by affiliated or unaffiliated funds, or invest directly in securities, instruments and other investments, based on its ongoing analyses of the global economy and financial markets. While these analyses are performed daily, material shifts in investment exposures typically take place over longer periods of time.The first step of the investment process is to determine the target asset allocation. PIMCO then considers incorporating relative value and risk hedging strategies. Relative value strategies may seek to improve the portfolio’s risk-adjusted return potential. Risk hedging strategies may seek to reduce the Fund’s exposure to certain severe, unanticipated market events that could significantly detract from returns.Once the target asset allocation, relative value strategies and risk hedging strategies have been determined, PIMCO then evaluates various combinations of affiliated or unaffiliated funds, securities, instruments and other investments to obtain the desired exposures and invests accordingly. Additional information for these Underlying PIMCO Funds can be found in the Statement of Additional Information and/or the Underlying PIMCO Funds’ prospectuses and financial reports. Additional Underlying PIMCO Funds may be added or deleted in the future without shareholder notification.
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PGMAX - Performance

Return Ranking - Trailing

Period PGMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -23.7% 16.4% 81.12%
1 Yr 13.3% -8.9% 48.3% 58.37%
3 Yr 0.6%* -2.2% 16.4% 44.10%
5 Yr 5.8%* -0.7% 13.4% 36.68%
10 Yr 4.9%* 0.9% 11.8% 83.29%

* Annualized

Return Ranking - Calendar

Period PGMAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -40.8% 20.6% 25.28%
2022 -18.3% -21.0% 24.5% 57.18%
2021 9.7% -24.2% 27.8% 59.11%
2020 1.7% -23.1% 11.7% 7.96%
2019 12.4% -100.0% 20.6% 22.89%

Total Return Ranking - Trailing

Period PGMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -23.7% 16.4% 80.04%
1 Yr 13.3% -12.8% 48.3% 86.86%
3 Yr 0.6%* -3.4% 16.4% 71.62%
5 Yr 5.8%* -1.1% 13.4% 65.68%
10 Yr 4.9%* 0.9% 11.8% 86.46%

* Annualized

Total Return Ranking - Calendar

Period PGMAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -40.8% 20.6% 25.28%
2022 -17.7% -21.0% 24.5% 57.18%
2021 10.8% -24.2% 27.8% 60.28%
2020 14.4% -23.1% 11.7% 27.30%
2019 14.8% -2.9% 23.1% 54.77%

NAV & Total Return History


PGMAX - Holdings

Concentration Analysis

PGMAX Category Low Category High PGMAX % Rank
Net Assets 221 M 1.12 M 110 B 56.59%
Number of Holdings 658 2 10961 28.39%
Net Assets in Top 10 150 M -31.7 M 22 B 39.67%
Weighting of Top 10 66.86% 10.8% 100.0% 2.10%

Top 10 Holdings

  1. PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND 17.01%
  2. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 10.37%
  3. CITIGROUP REPO REPO 5807 9.42%
  4. ALPHABET INC CL A COMMON STOCK USD.001 5.47%
  5. FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 5.47%
  6. MICROSOFT CORP COMMON STOCK USD.00000625 5.28%
  7. NVIDIA CORP COMMON STOCK USD.001 5.21%
  8. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 4.53%
  9. CHINA GOVERNMENT BOND BONDS 06/27 2.85 2.51%
  10. CANADIAN GOVERNMENT BONDS 09/28 3.25 1.60%

Asset Allocation

Weighting Return Low Return High PGMAX % Rank
Bonds
44.61% -39.76% 93.84% 4.18%
Cash
27.38% -97.12% 185.58% 99.79%
Stocks
25.72% -45.72% 98.42% 31.32%
Other
12.03% -1.25% 197.12% 6.47%
Convertible Bonds
0.88% 0.00% 25.49% 22.34%
Preferred Stocks
0.23% -0.03% 14.00% 51.57%

Stock Sector Breakdown

Weighting Return Low Return High PGMAX % Rank
Technology
20.55% 0.00% 39.48% 4.03%
Financial Services
13.71% 0.00% 30.34% 71.55%
Healthcare
11.86% 0.00% 30.30% 60.72%
Real Estate
10.67% 0.00% 90.14% 23.35%
Communication Services
9.16% 0.00% 28.59% 30.79%
Consumer Cyclical
8.92% 0.00% 20.84% 45.65%
Industrials
8.82% 0.09% 32.39% 74.31%
Consumer Defense
4.81% 0.00% 31.85% 72.40%
Basic Materials
4.68% 0.00% 60.23% 50.11%
Energy
4.16% 0.00% 38.61% 87.47%
Utilities
2.65% 0.00% 40.29% 61.15%

Stock Geographic Breakdown

Weighting Return Low Return High PGMAX % Rank
US
25.71% -4.82% 95.75% 4.59%
Non US
0.01% -46.69% 57.06% 81.21%

Bond Sector Breakdown

Weighting Return Low Return High PGMAX % Rank
Government
42.15% 0.00% 98.64% 16.49%
Cash & Equivalents
27.38% 0.10% 100.00% 82.67%
Securitized
12.52% 0.00% 83.28% 36.95%
Corporate
3.26% 0.00% 99.90% 81.84%
Derivative
1.58% 0.00% 41.88% 5.22%
Municipal
0.00% 0.00% 31.28% 89.98%

Bond Geographic Breakdown

Weighting Return Low Return High PGMAX % Rank
US
31.26% -177.12% 87.76% 17.95%
Non US
13.35% -39.00% 137.36% 3.76%

PGMAX - Expenses

Operational Fees

PGMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.61% 0.16% 2.71% 27.56%
Management Fee 1.15% 0.00% 1.70% 98.07%
12b-1 Fee 0.25% 0.00% 1.00% 49.80%
Administrative Fee 0.25% 0.01% 0.70% 95.26%

Sales Fees

PGMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.00% 5.75% 49.43%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

PGMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 119.00% 0.00% 441.00% 91.15%

PGMAX - Distributions

Dividend Yield Analysis

PGMAX Category Low Category High PGMAX % Rank
Dividend Yield 3.84% 0.00% 10.92% 88.98%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PGMAX Category Low Category High PGMAX % Rank
Net Income Ratio 0.86% -5.20% 6.33% 83.66%

Capital Gain Distribution Analysis

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

Distributions History

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PGMAX - Fund Manager Analysis

Managers

Geraldine Sundstrom


Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Ms. Sundstrom is a portfolio manager in the London office, focusing on asset allocation strategies. Prior to joining PIMCO in 2015, she was a partner and portfolio manager at Brevan Howard, where she led the Emerging Markets Strategies Fund. Previously, she was a portfolio manager at Moore Capital Management. She has 17 years of investment experience and holds a master’s degree in finance from Birkbeck College at London University and two degrees from Universite Paris Dauphine.

Erin Browne


Start Date

Tenure

Tenure Rank

Jan 16, 2019

3.37

3.4%

Ms. Erin Browne served as Managing Director, Global Macro Portfolio Manager at UBS O'Connor. She also serves as a Head of Asset Allocation, Asset Management at UBS. She was Global Macro Portfolio Manager at Point72 Asset Management.

Emmanuel Sharef


Start Date

Tenure

Tenure Rank

Dec 11, 2019

2.47

2.5%

Dr. Sharef is an executive vice president and portfolio manager in the Newport Beach office. He is a member of the Americas Portfolio Committee and has served as a rotating member of the Investment Committee. Prior to joining PIMCO in 2011, he worked in the mortgage credit strategists group at Morgan Stanley. He has 11 years of investment and financial services experience and holds a Ph.D. in operations research from Cornell University, specializing in statistics and biometrics. He received an undergraduate degree from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25