Fact sheet: Pimco RAEFdmntl+US

Fund information
Fund name
Pimco RAE Fundamental PLUS US E Acc USD
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund managers
  • Scott A. Mathersince 30/01/2014
  • Rob Arnottsince 25/09/2014
Fund objective
The PIMCO GIS RAE Fundamental PLUS US Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the S&P 500 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
  • S&P 500 (PI)
Investment style
None
Investment method
Shares
Quick stats
1 Year return
31.2%
1 Year rank in sector
47/206
Sector
FO Equity - USA
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.
2.15%
Fund size
£186m (£224m 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.
115
Top in this sector
Fund name1 Year
Boost NASDAQ 100 3x LD ETP101%
Boost S&P500 3x LD ETP82%
T. Rowe Price US LgeCap Gth Eq67.4%
Dodge & Cox US Stk58%
JOHCM US Sm Mid Cap Eq52.1%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

  • USA154.9%
    EU18.1%
    Japan15.3%
    Denmark11.4%
    Germany11.3%
  • Mortgage & Secured Bonds40.4%
    Government Guaranteed22%
    Money Market19.7%
    Investment Grade Bonds13.1%
    High Yield Bond4.6%
  • US Fixed Interest51.5%
    US Government Fixed Interest22%
    Money Market19.7%
    US Corporate Fixed Interest4.6%
    US Equities2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4%7.6%11.4%31.2%--
Sector4.2%7%9.4%23.1%24.8%65.5%
Rank within sector141 / 21853 / 21757 / 21547 / 206--
Quartile3rd1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund4.6%16.5%-6.1%--
Sector5.7%8.9%-1.6%10.7%31.8%
Rank within sector156 / 21737 / 206164 / 188--
Quartile3rd1st4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high12.7
52 week low9.65
Current bid price-
Current offer price-
Current mid price12.67
Region
1USA154.89%
2EU18.12%
3Japan15.25%
4Denmark11.37%
5Germany11.33%
6UK3.43%
7Italy2.69%
8Switzerland2.54%
9Australia2.26%
Industry sector
1Mortgage & Secured Bonds40.36%
2Government Guaranteed22.03%
3Money Market19.69%
4Investment Grade Bonds13.13%
5High Yield Bond4.57%
6Others2.24%
7Local Government Bonds1.53%
8Fixed Interest-3.55%
Asset type
1US Fixed Interest51.47%
2US Government Fixed Interest22.03%
3Money Market19.69%
4US Corporate Fixed Interest4.57%
5US Equities2.24%
Individual holdings
1FANNIE MAE POOL20.8%
2Fannie Mae Pool10.09%
3UNITED STATES OF AMER TREAS NOTES 0.125% NTS 15/04/19 USD10009.3%
4UNITED STATES OF AMER TREAS NOTES 0.125% TB 15/07/24 USD10008.22%
5UNITED STATES OF AMER TREAS BONDS 2.5% TB 15/01/29 USD10002.81%
6UNITED STATES OF AMER TREAS NOTES 0% NTS 15/01/23 USD10002.68%
7UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1002.62%
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 US Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the S&P 500 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
  • S&P 500 (PI)
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Scott A. Mather30/01/2014Scott Mather, the newly appointed manager Old Mutual Total Return USD Bond Fund. Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. Previously he was head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He has 20 years of investment experience and holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.
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.
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, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Pimco RAE Fundamental PLUS US E Acc USD
Initial charge5%
Annual charge2.15%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.67
CurrencyUSD
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKW5B
Pimco RAE Fundamental PLUS US G Inst Hedged
Initial charge5%
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.4
CurrencyEUR
Price updated23/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMRYK
Pimco RAE Fundamental PLUS US Inst Acc USD
Initial charge5%
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price14.99
CurrencyUSD
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLP
Pimco RAE Fundamental PLUS US Inst Unhedged Acc EUR
Initial charge5%
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price18.66
CurrencyEUR
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJOLR
Pimco RAE Fundamental PLUS US 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 price12.07
CurrencyUSD
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN4GU
Data provided by

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