Fact sheet: Pimco RAEFdmntl+GblDev

Fund information
Fund name
Pimco RAE Fundamental PLUS Global Developed E Unhedged Acc EUR
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund managers
  • Rob Arnottsince 26/09/2014
  • Mohsen Fahmisince 26/09/2014
Fund objective
The PIMCO GIS RAE Fundamental PLUS Global Developed Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the MSCI World 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 World
Investment style
None
Investment method
Mixed
Quick stats
1 Year return
21.4%
1 Year rank in sector
69/480
Sector
FO Equity - International
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.
2.25%
Fund size
£538m (£738m 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.
114
Top in this sector
Fund name1 Year
T. Rowe Price GblFcsGrEq36%
Dodge & Cox Gbl Stk35.4%
RWC Global Horizon33.7%
SKAGEN Focus33.1%
Morg Stnly Global Discovery32.4%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA114.7%
    Japan8.7%
    Germany5.4%
    China3.1%
    Mexico1.8%
  • Money Market83.6%
    Mortgage & Secured Bonds20.3%
    Investment Grade Bonds9.2%
    Others2.3%
    High Yield Bond1.6%
  • US Equities114.7%
    Japanese Equities8.7%
    German Equities5.4%
    Chinese Equities3.1%
    Mexican Equities1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.7%13.6%21.4%36.4%-
Sector0.4%4.1%7.6%12.6%20.3%55%
Rank within sector283 / 510424 / 50713 / 49869 / 480110 / 390-
Quartile3rd4th1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.5%18.2%0.2%15.9%-
Sector5.4%7.9%0.7%6%21.3%
Rank within sector424 / 50777 / 469242 / 41861 / 374-
Quartile4th1st3rd1st
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.
3.38
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.
1.29
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.
0.6
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%.
13.69
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.
7.3
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.
0.67
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.
0.75
Price movement
52 week high15.26
52 week low11.54
Current bid price-
Current offer price-
Current mid price14.88
Region
1USA114.71%
2Japan8.68%
3Germany5.4%
4China3.13%
5Mexico1.83%
6EU1.72%
7France1.69%
8Brazil1.26%
9Hong Kong1.19%
Industry sector
1Money Market83.64%
2Mortgage & Secured Bonds20.3%
3Investment Grade Bonds9.25%
4Others2.3%
5High Yield Bond1.59%
6Local Government Bonds0.85%
7Government Guaranteed-17.92%
Asset type
1US Equities114.71%
2Japanese Equities8.68%
3German Equities5.4%
4Chinese Equities3.13%
5Mexican Equities1.83%
6European Equities1.72%
7French Equities1.69%
8Brazilian Equities1.26%
9Hong Kong Equities1.19%
Individual holdings
1INT FLR US CMS 30-10 @ .15 11/28/17 CBK % 28/11/201733.57%
2INT FLR US CMS 5YR @ .4 10/28/16-1Y SOG % 26/10/201727.25%
3UNITED STATES OF AMER TREAS NOTES 0% NTS 31/12/21 USD100014.26%
4FANNIE MAE POOL11.48%
5UST NOTES 2% 10/31/202110.65%
6FNCL 3.00 02/14 TBA7.97%
7UNITED STATES OF AMER TREAS BONDS BDS 31/08/22 USD10006.81%
8UNITED STATES OF AMER TREAS NOTES 1.875% BDS 31/10/22 USD1006.17%
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 Global Developed Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the MSCI World 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 World
Investment style
None
Investment method
Mixed
Fund managers
NameSinceBiography
Rob Arnott26/09/2014Mr. 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 Fahmi26/09/2014Mr. 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, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Pimco RAE Fundamental PLUS Global Developed E Acc USD
Initial charge5%
Annual charge2.25%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price11.7
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKW4X
Pimco RAE Fundamental PLUS Global Developed E Hedged Acc EUR
Initial charge5%
Annual charge2.25%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price10.98
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSQI
Pimco RAE Fundamental PLUS Global Developed E Unhedged Acc EUR
Initial charge5%
Annual charge2.25%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price14.88
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJS9L
Pimco RAE Fundamental PLUS Global Developed G Inst UnHedged Inc EUR
Initial charge5%
Annual charge0.95%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price14.09
CurrencyEUR
Price updated24/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKNYU
Pimco RAE Fundamental PLUS Global Developed Inst Acc USD
Initial charge5%
Annual charge0.95%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price13.26
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLJ
Pimco RAE Fundamental PLUS Global Developed Inst Hedged Acc EUR
Initial charge5%
Annual charge0.95%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price11.4
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKSQH
Pimco RAE Fundamental PLUS Global Developed Inst Unhedged Acc EUR
Initial charge5%
Annual charge0.95%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price16.05
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLL
Pimco RAE Fundamental PLUS Global Developed Inst Unhedged Acc GBP
Initial charge5%
Annual charge0.95%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price16.12
CurrencyGBP
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLN
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.