Fact sheet: Pimco RAEFdmntl+EmgMkt

Fund information
Fund name
Pimco RAE Fundamental PLUS Emerging Markets E Unhedged Acc EUR
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund managers
  • Rob Arnottsince 25/09/2014
  • Mohsen Fahmisince 25/09/2014
Fund objective
The PIMCO GIS RAE Fundamental PLUS Emerging Markets Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the MSCI EM index. Unlike traditional market cap-weighted approaches, the fund selects and weights stocks based on non-price measures of company size. By removing price from the portfolio construction process, the fund seeks to capitalize on market inefficiencies, systematically capturing returns when prices deviate from fundamentals. Additionally, PIMCO’s innovative PLUS™ implementation provides a second source of excess return and diversification potential. This approach simply uses equity-linked instruments to provide investors with full equity exposure, which leaves the bulk of their capital free to be allocated to a complementary bond alpha strategy.
Benchmark
  • MSCI Emerging Markets
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
21%
1 Year rank in sector
29/258
Sector
FO Equity - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.5%
Fund size
£59m (£47m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
159
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs43.3%
GAM Star Nth of Sth EM Eq36.7%
HSBC GIFEconScaleIxGEMEq33.6%
Templeton BRIC29.9%
Jul Baer Mltistck Emerg Eq29.4%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Global Emerging Markets99.9%
    USA42.3%
    Japan13.2%
    EU6%
    Germany3.3%
  • AAA68%
    A+10%
    B-6%
    A4%
    BB4%
  • Global Emerging Market Equities99.9%
    US Equities42.3%
    Japanese Equities13.2%
    European Equities6%
    German Equities3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.2%6.4%26.4%21%17%-
Sector-4.5%-3%6.8%5.3%-8.9%0.2%
Rank within sector2 / 2632 / 2663 / 26329 / 25825 / 209-
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund31.6%-17.8%10.9%--
Sector8.9%-14.3%-1.4%-0.7%14.2%
Rank within sector3 / 258202 / 24122 / 215--
Quartile1st4th1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
10.09
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.27
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.11
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
19.45
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.49
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.9
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.8
Price movement
52 week high11.82
52 week low7.37
Current bid price-
Current offer price-
Current mid price11.59
Region
1Global Emerging Markets99.87%
2USA42.32%
3Japan13.24%
4EU6.03%
5Germany3.34%
6France2.39%
7Switzerland1.31%
8Italy0.96%
9China0.77%
Industry sector
1AAA68%
2A+10%
3B-6%
4A4%
5BB4%
6AA3%
7BBB3%
8B2%
Asset type
1Global Emerging Market Equities99.87%
2US Equities42.32%
3Japanese Equities13.24%
4European Equities6.03%
5German Equities3.34%
6French Equities2.39%
7Swiss Equities1.31%
8Italian Equities0.96%
9Chinese Equities0.77%
Individual holdings
No data available.
Management
Fund manager group
PIMCO Global Advisors(IRL)
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund objective
The PIMCO GIS RAE Fundamental PLUS Emerging Markets Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the MSCI EM index. Unlike traditional market cap-weighted approaches, the fund selects and weights stocks based on non-price measures of company size. By removing price from the portfolio construction process, the fund seeks to capitalize on market inefficiencies, systematically capturing returns when prices deviate from fundamentals. Additionally, PIMCO’s innovative PLUS™ implementation provides a second source of excess return and diversification potential. This approach simply uses equity-linked instruments to provide investors with full equity exposure, which leaves the bulk of their capital free to be allocated to a complementary bond alpha strategy.
Benchmark
  • MSCI Emerging Markets
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Rob Arnott25/09/2014Mr. 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 Business Review and the Financial Analysts Journal, where he also served as editor in chief from 2002 through 2006. He graduated summa cum laude from the University of California, Santa Barbara, in 1977 in economics, applied mathematics and computer science.
Mohsen Fahmi25/09/2014Mr. Fahmi is a managing director and generalist portfolio manager in the Newport Beach office, focusing on global fixed income assets. Prior to joining PIMCO in 2014, he was with Moore Capital Management, most recently as a senior portfolio manager and previously as chief operating officer. In London earlier in his career, he was co-head of bond and currency proprietary trading at Tokai Bank Europe, head of leveraged investment at Salomon Brothers and executive director of proprietary trading at Goldman Sachs. Prior to this, he was a proprietary trader for J.P. Morgan in both New York and London, and he also spent seven years as an investment officer at the World Bank in Washington, DC. He has 30 years of investment experience and holds an MBA from Stanford University. He received a master's degree in civil engineering from the Ohio State University and an undergraduate degree from Ain Shams University, Cairo.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Pimco RAE Fundamental PLUS Emerging Markets E Unhedged Acc EUR
Initial charge5%
Annual charge2.5%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price11.59
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJS9K
Pimco RAE Fundamental PLUS Emerging Markets G Inst Hedged
Initial charge5%
Annual charge1.15%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.92
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMRYJ
Pimco RAE Fundamental PLUS Emerging Markets Inst Acc USD
Initial charge5%
Annual charge1.15%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price10.36
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLD
Pimco RAE Fundamental PLUS Emerging Markets Inst Unhedged Acc EUR
Initial charge5%
Annual charge1.15%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price12.78
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLF
Pimco RAE Fundamental PLUS Emerging Markets Z Acc USD
Initial charge5%
Annual charge-
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.48
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKSQJ
Data provided by

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