Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
PIMCO Global Core Asset Allocation Fund
mutual fund
PGAIX
Payout Change
Suspended
Price as of:
$14.84
+0.05
+0.34%
primary theme
N/A
share class
PGAIX (Mutual Fund)
PIMCO Global Core Asset Allocation Fund
Payout Change
Suspended
Price as of:
$14.84
+0.05
+0.34%
primary theme
N/A
share class
PGAIX (Mutual Fund)
PIMCO Global Core Asset Allocation Fund
Payout Change
Suspended
Price as of:
$14.84
+0.05
+0.34%
primary theme
N/A
share class
Name
As of 12/23/2024Price
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
Vitals
YTD Return
11.9%
1 yr return
12.6%
3 Yr Avg Return
1.6%
5 Yr Avg Return
6.0%
Net Assets
$293 M
Holdings in Top 10
67.6%
52 WEEK LOW AND HIGH
$14.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.18%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 119.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
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
PGAIX - Profile
Distributions
- YTD Total Return 11.9%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.31%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePIMCO Global Core Asset Allocation Fund
-
Fund Family NamePIMCO
-
Inception DateOct 30, 2008
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeraldine 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 high yield 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. When determining the target allocation for the strategy,PIMCO may use proprietary quantitative models. The target allocations may include long, short, or no positions in the underlying financial markets and asset classes specified in the models. The quantitative models are developed and maintained by PIMCO, and are subject to change over time without notice in PIMCO’s discretion. PIMCO also retains discretion over the final target asset allocation and the implementation of the target asset allocation, which may include positions that are different from target allocations determined by quantitative models. 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.
Read More
PGAIX - Performance
Return Ranking - Trailing
| Period | PGAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -23.7% | 16.4% | 79.61% |
| 1 Yr | 12.6% | -8.9% | 48.3% | 52.36% |
| 3 Yr | 1.6%* | -2.2% | 16.4% | 36.30% |
| 5 Yr | 6.0%* | -0.7% | 13.4% | 24.53% |
| 10 Yr | 5.7%* | 0.9% | 11.8% | 77.16% |
* Annualized
Return Ranking - Calendar
| Period | PGAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.7% | -40.8% | 20.6% | 21.51% |
| 2022 | -18.2% | -21.0% | 24.5% | 55.13% |
| 2021 | 10.0% | -24.2% | 27.8% | 55.14% |
| 2020 | 1.9% | -23.1% | 11.7% | 8.21% |
| 2019 | 12.4% | -100.0% | 20.6% | 21.80% |
Total Return Ranking - Trailing
| Period | PGAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -23.7% | 16.4% | 78.54% |
| 1 Yr | 12.6% | -12.8% | 48.3% | 48.73% |
| 3 Yr | 1.6%* | -3.4% | 16.4% | 32.10% |
| 5 Yr | 6.0%* | -1.1% | 13.4% | 23.11% |
| 10 Yr | 5.7%* | 0.9% | 11.8% | 77.07% |
* Annualized
Total Return Ranking - Calendar
| Period | PGAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.7% | -40.8% | 20.6% | 21.51% |
| 2022 | -17.4% | -21.0% | 24.5% | 55.13% |
| 2021 | 11.3% | -24.2% | 27.8% | 56.31% |
| 2020 | 15.0% | -23.1% | 11.7% | 27.54% |
| 2019 | 15.3% | -2.9% | 23.1% | 53.13% |
NAV & Total Return History
PGAIX - Holdings
Concentration Analysis
| PGAIX | Category Low | Category High | PGAIX % Rank | |
|---|---|---|---|---|
| Net Assets | 293 M | 1.12 M | 110 B | 55.94% |
| Number of Holdings | 735 | 2 | 10961 | 27.77% |
| Net Assets in Top 10 | 203 M | -31.7 M | 22 B | 39.04% |
| Weighting of Top 10 | 67.64% | 10.8% | 100.0% | 1.40% |
Top 10 Holdings
- PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND 14.89%
- FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE 8.63%
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 7.77%
- FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 6.67%
- MICROSOFT CORP COMMON STOCK USD.00000625 6.14%
- FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 5.83%
- TSY INFL IX N/B 07/25 0.375 5.19%
- SPDR PORTFOLIO S+P 500 ETF SPDR PORTFOLIO S+P 500 ETF 5.09%
- APPLE INC COMMON STOCK USD.00001 4.14%
- TESLA INC COMMON STOCK USD.001 3.29%
Asset Allocation
| Weighting | Return Low | Return High | PGAIX % Rank | |
|---|---|---|---|---|
| Bonds | 60.51% | -39.76% | 93.84% | 3.55% |
| Stocks | 33.79% | -45.72% | 98.42% | 30.69% |
| Cash | 22.66% | -97.12% | 185.58% | 99.16% |
| Other | 6.03% | -1.25% | 197.12% | 5.85% |
| Convertible Bonds | 0.88% | 0.00% | 25.49% | 21.71% |
| Preferred Stocks | 0.18% | -0.03% | 14.00% | 50.73% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PGAIX % Rank | |
|---|---|---|---|---|
| Technology | 20.55% | 0.00% | 39.48% | 3.40% |
| Financial Services | 13.71% | 0.00% | 30.34% | 70.91% |
| Healthcare | 11.86% | 0.00% | 30.30% | 58.60% |
| Real Estate | 10.67% | 0.00% | 90.14% | 22.72% |
| Communication Services | 9.16% | 0.00% | 28.59% | 28.03% |
| Consumer Cyclical | 8.92% | 0.00% | 20.84% | 45.01% |
| Industrials | 8.82% | 0.09% | 32.39% | 73.67% |
| Consumer Defense | 4.81% | 0.00% | 31.85% | 71.76% |
| Basic Materials | 4.68% | 0.00% | 60.23% | 49.47% |
| Energy | 4.16% | 0.00% | 38.61% | 86.84% |
| Utilities | 2.65% | 0.00% | 40.29% | 59.02% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PGAIX % Rank | |
|---|---|---|---|---|
| US | 33.79% | -4.82% | 95.75% | 3.97% |
| Non US | 0.00% | -46.69% | 57.06% | 80.58% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PGAIX % Rank | |
|---|---|---|---|---|
| Government | 42.15% | 0.00% | 98.64% | 15.87% |
| Cash & Equivalents | 22.66% | 0.10% | 100.00% | 82.05% |
| Securitized | 12.52% | 0.00% | 83.28% | 36.33% |
| Corporate | 3.26% | 0.00% | 99.90% | 81.00% |
| Derivative | 0.42% | 0.00% | 41.88% | 4.59% |
| Municipal | 0.00% | 0.00% | 31.28% | 47.18% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PGAIX % Rank | |
|---|---|---|---|---|
| US | 51.00% | -177.12% | 87.76% | 17.33% |
| Non US | 9.51% | -39.00% | 137.36% | 3.13% |
PGAIX - Expenses
Operational Fees
| PGAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.18% | 0.16% | 2.71% | 58.04% |
| Management Fee | 0.95% | 0.00% | 1.70% | 94.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.70% | 8.95% |
Sales Fees
| PGAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| PGAIX 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.
| PGAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 119.00% | 0.00% | 441.00% | 90.43% |
PGAIX - Distributions
Dividend Yield Analysis
| PGAIX | Category Low | Category High | PGAIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.92% | 41.16% |
Dividend Distribution Analysis
| PGAIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| PGAIX | Category Low | Category High | PGAIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.31% | -5.20% | 6.33% | 65.58% |
Capital Gain Distribution Analysis
| PGAIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 14, 2024 | $0.146 | OrdinaryDividend |
| Dec 28, 2023 | $0.039 | OrdinaryDividend |
| Sep 07, 2023 | $0.081 | OrdinaryDividend |
| Jun 08, 2023 | $0.063 | OrdinaryDividend |
| Mar 09, 2023 | $0.052 | OrdinaryDividend |
| Dec 29, 2022 | $0.061 | OrdinaryDividend |
| Jun 09, 2022 | $0.068 | OrdinaryDividend |
| Jun 10, 2021 | $0.020 | OrdinaryDividend |
| Mar 11, 2021 | $0.142 | OrdinaryDividend |
| Dec 30, 2020 | $0.338 | OrdinaryDividend |
| Sep 10, 2020 | $0.367 | OrdinaryDividend |
| Jun 11, 2020 | $0.367 | OrdinaryDividend |
| Mar 12, 2020 | $0.400 | OrdinaryDividend |
| Dec 30, 2019 | $0.218 | OrdinaryDividend |
| Mar 14, 2019 | $0.112 | OrdinaryDividend |
| Dec 27, 2018 | $0.091 | OrdinaryDividend |
| Sep 13, 2018 | $0.064 | OrdinaryDividend |
| Jun 14, 2018 | $0.126 | OrdinaryDividend |
| Mar 15, 2018 | $0.087 | OrdinaryDividend |
| Dec 28, 2017 | $0.087 | OrdinaryDividend |
| Sep 14, 2017 | $0.067 | OrdinaryDividend |
| Mar 16, 2017 | $0.059 | OrdinaryDividend |
| Dec 29, 2016 | $0.071 | OrdinaryDividend |
| Sep 15, 2016 | $0.062 | OrdinaryDividend |
| Jun 16, 2016 | $0.055 | OrdinaryDividend |
| Sep 18, 2014 | $0.033 | OrdinaryDividend |
| Jun 19, 2014 | $0.030 | OrdinaryDividend |
| Sep 19, 2013 | $0.058 | OrdinaryDividend |
| Jun 20, 2013 | $0.046 | OrdinaryDividend |
| Mar 21, 2013 | $0.103 | OrdinaryDividend |
| Dec 31, 2012 | $0.059 | ExtraDividend |
| Dec 27, 2012 | $0.183 | OrdinaryDividend |
| Dec 12, 2012 | $0.045 | CapitalGainLongTerm |
| Sep 20, 2012 | $0.033 | OrdinaryDividend |
| Dec 28, 2011 | $0.406 | OrdinaryDividend |
| Dec 07, 2011 | $0.104 | CapitalGainShortTerm |
| Dec 07, 2011 | $0.059 | CapitalGainLongTerm |
| Sep 15, 2011 | $0.078 | OrdinaryDividend |
| Jun 16, 2011 | $0.074 | OrdinaryDividend |
| Mar 17, 2011 | $0.033 | OrdinaryDividend |
| Dec 31, 2010 | $0.299 | OrdinaryDividend |
| Dec 08, 2010 | $0.161 | CapitalGainShortTerm |
| Dec 08, 2010 | $0.059 | CapitalGainLongTerm |
| Sep 16, 2010 | $0.125 | OrdinaryDividend |
| Jun 17, 2010 | $0.044 | OrdinaryDividend |
| Dec 30, 2009 | $0.464 | OrdinaryDividend |
| Dec 09, 2009 | $0.080 | CapitalGainShortTerm |
| Dec 09, 2009 | $0.057 | CapitalGainLongTerm |
| Sep 17, 2009 | $0.012 | OrdinaryDividend |
| Jun 18, 2009 | $0.015 | OrdinaryDividend |
| Dec 30, 2008 | $0.320 | OrdinaryDividend |
PGAIX - 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 |
