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Address And Details

840 Newport Center Dr., Ste. 100 , Newport Beach, CA 92660
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks total return which exceeds that of the Russell 2000 Index. The Fund seeks to exceed the total return of the Russell 2000 Index by investing under normal circumstances in Russell 2000 Index derivatives, backed by a diversified portfolio of Fixed Income Instruments actively managed by PIMCO. In managing the Fund s investments in Fixed Income Instruments, PIMCO utilizes an absolute return approach, which is designed to have flexibility with respect to duration, overall sector exposures, non-U.S. exposures and credit quality, both as a function of the strategy s investment guidelines and lack of a fixed income index benchmark. The absolute return approach seeks positive investment returns regardless of market environment and does not apply to the equity index replicating component of the Fund. 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 may invest in common stocks, options, futures, options on futures and swaps. The Fund normally uses Russell 2000 Index derivatives instead of Russell 2000 Index stocks to attempt to equal or exceed the performance of the Russell 2000 Index. The Fund typically will seek to gain long exposure to its benchmark index in an amount, under normal circumstances, approximately equal to the Fund s net assets. The value of Russell 2000 Index derivatives should closely track changes in the value of the index. However, Russell 2000 Index derivatives may be purchased with a small fraction of the assets that would be needed to purchase the equity securities directly, so that the remainder of the assets may be invested in Fixed Income Instruments. PIMCO actively manages the Fixed Income Instruments held by the Fund with a view toward enhancing the Fund s total return, subject to an overall portfolio duration which normally varies from (negative) 3 years to positive 8 years based on PIMCO s market forecasts. 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. The Russell 2000 Index is composed of 2,000 of the smallest companies in the Russell 3000 Index, which represents approximately 10% of the total market capitalization of the Russell 3000 Index. As of June 30, 2020, the Russell 2000 Index s average market capitalization (dollar-weighted) was $2.06 billion. The Fund seeks to remain invested in Russell 2000 Index derivatives or Russell 2000 Index stocks even when the Russell 2000 Index is declining. Though the Fund does not normally invest directly in Russell 2000 Index securities, when Russell 2000 Index derivatives appear to be overvalued relative to the Russell 2000 Index, the Fund may invest all of its assets in a basket of Russell 2000 Index stocks. 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. Assets not invested in equity securities or derivatives may be invested in Fixed Income Instruments. The Fund may invest up to 20% of its total assets in high yield securities ( junk bonds ) rated B or higher by Moody s Investors Service, Inc. ( Moody s ), or equivalently rated by Standard & Poor s Ratings Services ( S&P ) or Fitch, Inc. ( Fitch ), or, if unrated, determined by PIMCO to be of comparable quality (except that within such 20% limitation, the Fund may invest in mortgage-related securities rated below B). 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 currencies and in U.S. dollar-denominated securities of foreign issuers. With respect to the Fund s fixed income investments, 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). With respect to the Fund s fixed income investments, the Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 35% of its total assets. With respect to the Fund s fixed income investments, 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. With respect to the Fund s fixed income investments, 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.

Net Asset Value

as of 6:11 PM ET 05/23/2022

Performance

  • 1 Week
  • +0.36%
  • 1 Month
  • -8.21%
  • 3 Months
  • -8.92%
  • 1 Yr Return
  • -30.27%
  • 5 Yr Return
  • -16.04%

Equity Sector Breakdown

Technology 0.73%
Finance 0.09%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Cash 76.39%
Bonds 26.76%
Preferred 0.83%
Stocks 0.06%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -3.26%
Total Net Assets 4.43 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -9.29 -8.58 n/a
Beta 1.27 1.26 n/a
R Squared 0.78 0.77 n/a
Std Deviation 26.90 23.53 n/a
Sharpe Ratio 0.32 0.33 n/a

Purchase Information

as of 6:04 PM ET 05/20/2022
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -19.42%
  • -7.92%
-19.42% -7.92%
3 Year
  • +5.43%
  • +10.72%
+5.43% +10.72%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +6.99%
  • +8.62%
+6.99% +8.62%

Top 10 Holdings

Symbol Company Name % Of Assets
MORTSEC TOTAL*MORTGAGE SECURITIES 7.43%
SHRT TOTAL*SHORT TERM INVESTMENTS 41.03%
USTR TOTAL*US TREASURY BONDS 25.12%
USAB TOTAL*US AGENCY BONDS 2.66%
ASB TOTAL*ASSET BACK SECURITIES 14.81%
CPBD TOTAL*CORPORATE BONDS 11.72%
T ~AT&T 0.73%
MUNB TOTAL*MUNICIPAL BONDS 0.49%
JPMpA JP MORGAN CHASE & CO 0.06%
OPTN TOTAL*OPTIONS -2.40%

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