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PIMCO RAE US Fund
mutual fund
PKAAX
Payout Change
Pending
Price as of:
$13.07
+0.1
+0.77%
primary theme
U.S. Large-Cap Value Equity
share class
PKAAX (Mutual Fund)
PIMCO RAE US Fund
Payout Change
Pending
Price as of:
$13.07
+0.1
+0.77%
primary theme
U.S. Large-Cap Value Equity
share class
PKAAX (Mutual Fund)
PIMCO RAE US Fund
Payout Change
Pending
Price as of:
$13.07
+0.1
+0.77%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/24/2024Price
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
2.0%
1 yr return
2.4%
3 Yr Avg Return
4.9%
5 Yr Avg Return
8.6%
Net Assets
$1.4 B
Holdings in Top 10
29.2%
52 WEEK LOW AND HIGH
$13.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.81%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 54.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$50
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
PKAAX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return 4.9%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.65%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePIMCO RAE US Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateJun 08, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Arnott
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in securities of companies economically tied to the United States (for purposes of this section only, “U.S. companies”). Specifically, under normal circumstances, the Fund will obtain exposure to a portfolio of stocks of U.S. companies (“RAE US Portfolio”) through investment in the securities that comprise the RAE US Portfolio. The stocks are selected by the Fund’s sub-adviser, Research Affiliates, LLC (“Sub-Adviser”), from a broad universe of companies which satisfy certain liquidity and capacity requirements. The Sub-Adviser uses the RAE™ methodology for portfolio construction. The RAE™ methodology is a rules-based model that selects stocks using quantitative signals that indicate higher expected returns, e.g., value, quality, and momentum. The model then weights selected stocks using their fundamental measures of company size, e.g., sales, cash flow, dividends and book value. The Sub-Adviser applies the RAE™ methodology to the large and mid-sized U.S. companies as determined by cumulative fundamental measures of company size. The fundamental weights of U.S. companies are sorted in descending order where the top cumulative 86% weights are eligible as large and mid-sized companies. Actual stock positions in the RAE US Portfolio, which drift apart from target weights as market prices change, are rebalanced to target weights periodically. The RAE™ methodology’s systematic portfolio rebalancing reflects a value orientation. Portfolio managers do not have discretion with respect to the allocations determined by the RAE™ methodology. The RAE™ methodology is not updated according to any predetermined schedule.The Sub-Adviser provides investment advisory services in connection with the Fund’s use of the RAE US Portfolio by, among other things, providing PIMCO with the constituents and target weights in the RAE US Portfolio. The Fund seeks to remain invested in the securities that comprise the RAE US Portfolio even when the value of the RAE US Portfolio is declining.The Fund may invest, without limitation, in equity and equity-related securities, including common and preferred securities. Equity-related securities include securities having an equity component (e.g., hybrids, bank capital) and equity derivatives. With respect to 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 also invest in derivative instruments, such as options, forwards, futures contracts, options on futures and swap agreements, consistent with its investment objective. The Fund may also invest in real estate investment trusts (“REITs”). The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may also enter into reverse repurchase agreements and lend portfolio securities.
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PKAAX - Performance
Return Ranking - Trailing
| Period | PKAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -32.7% | 51.5% | 97.94% |
| 1 Yr | 2.4% | -32.4% | 51.6% | 98.22% |
| 3 Yr | 4.9%* | -9.5% | 17.8% | 79.56% |
| 5 Yr | 8.6%* | -2.1% | 43.8% | 65.86% |
| 10 Yr | N/A* | 1.2% | 24.7% | 47.71% |
* Annualized
Return Ranking - Calendar
| Period | PKAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.9% | -16.9% | 46.1% | 32.08% |
| 2022 | -10.9% | -64.7% | 4.6% | 40.21% |
| 2021 | 15.3% | -44.2% | 57.5% | 54.55% |
| 2020 | 0.4% | -23.2% | 285.0% | 42.77% |
| 2019 | 18.6% | -21.4% | 48.5% | 55.12% |
Total Return Ranking - Trailing
| Period | PKAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -32.7% | 51.5% | 97.94% |
| 1 Yr | 2.4% | -32.4% | 51.6% | 98.22% |
| 3 Yr | 4.9%* | -9.5% | 17.8% | 79.56% |
| 5 Yr | 8.6%* | -2.1% | 43.8% | 65.86% |
| 10 Yr | N/A* | 1.2% | 24.7% | 85.46% |
* Annualized
Total Return Ranking - Calendar
| Period | PKAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.6% | -15.9% | 46.7% | 16.98% |
| 2022 | -3.8% | -42.0% | 8.5% | 32.51% |
| 2021 | 27.2% | 3.6% | 129.7% | 36.04% |
| 2020 | 3.5% | -22.6% | 304.8% | 44.48% |
| 2019 | 24.3% | -12.7% | 52.1% | 65.46% |
NAV & Total Return History
PKAAX - Holdings
Concentration Analysis
| PKAAX | Category Low | Category High | PKAAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.4 B | 2.09 M | 163 B | 42.19% |
| Number of Holdings | 132 | 2 | 1727 | 21.42% |
| Net Assets in Top 10 | 446 M | 466 K | 39.5 B | 43.22% |
| Weighting of Top 10 | 29.23% | 4.4% | 99.1% | 42.64% |
Top 10 Holdings
- WALMART INC COMMON STOCK USD.1 4.51%
- CISCO SYSTEMS INC COMMON STOCK USD.001 4.29%
- MARATHON PETROLEUM CORP COMMON STOCK USD.01 3.29%
- VALERO ENERGY CORP COMMON STOCK USD.01 2.60%
- GILEAD SCIENCES INC COMMON STOCK USD.001 2.57%
- PHILLIPS 66 COMMON STOCK 2.57%
- INTEL CORP COMMON STOCK USD.001 2.49%
- APPLE INC COMMON STOCK USD.00001 2.34%
- QUALCOMM INC COMMON STOCK USD.0001 2.28%
- 3M CO COMMON STOCK USD.01 2.27%
Asset Allocation
| Weighting | Return Low | Return High | PKAAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.49% | 4.16% | 102.49% | 17.77% |
| Cash | 0.51% | 0.00% | 17.28% | 79.33% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 84.28% |
| Other | 0.00% | -2.59% | 39.89% | 82.97% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 84.12% |
| Bonds | 0.00% | 0.00% | 97.99% | 85.03% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PKAAX % Rank | |
|---|---|---|---|---|
| Healthcare | 20.80% | 0.00% | 30.08% | 15.68% |
| Technology | 20.33% | 0.00% | 54.02% | 5.48% |
| Energy | 13.14% | 0.00% | 54.00% | 6.14% |
| Financial Services | 13.11% | 0.00% | 58.05% | 91.31% |
| Consumer Cyclical | 12.00% | 0.00% | 22.74% | 6.04% |
| Industrials | 7.62% | 0.00% | 42.76% | 86.50% |
| Utilities | 5.72% | 0.00% | 27.04% | 33.99% |
| Consumer Defense | 3.55% | 0.00% | 34.10% | 91.97% |
| Real Estate | 1.62% | 0.00% | 90.54% | 64.02% |
| Communication Services | 1.12% | 0.00% | 26.58% | 94.71% |
| Basic Materials | 0.98% | 0.00% | 20.01% | 89.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PKAAX % Rank | |
|---|---|---|---|---|
| US | 99.49% | 4.16% | 102.49% | 16.09% |
| Non US | 0.00% | 0.00% | 24.08% | 87.75% |
PKAAX - Expenses
Operational Fees
| PKAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.81% | 0.03% | 14.82% | 59.91% |
| Management Fee | 0.55% | 0.00% | 1.50% | 48.78% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 54.31% |
| Administrative Fee | 0.30% | 0.00% | 0.50% | 94.63% |
Sales Fees
| PKAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.75% | 1.00% | 5.75% | 92.86% |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| PKAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PKAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 54.00% | 0.00% | 488.00% | 69.95% |
PKAAX - Distributions
Dividend Yield Analysis
| PKAAX | Category Low | Category High | PKAAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.95% | 0.00% | 16.67% | 17.79% |
Dividend Distribution Analysis
| PKAAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PKAAX | Category Low | Category High | PKAAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.65% | -1.51% | 4.28% | 33.62% |
Capital Gain Distribution Analysis
| PKAAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.381 | OrdinaryDividend |
| Dec 07, 2023 | $0.018 | CapitalGainShortTerm |
| Dec 07, 2023 | $0.473 | CapitalGainLongTerm |
| Dec 27, 2022 | $0.125 | OrdinaryDividend |
| Dec 08, 2022 | $0.834 | CapitalGainLongTerm |
| Dec 28, 2021 | $0.147 | OrdinaryDividend |
| Dec 09, 2021 | $1.186 | OrdinaryDividend |
| Dec 28, 2020 | $0.255 | OrdinaryDividend |
| Dec 10, 2020 | $0.003 | CapitalGainShortTerm |
| Dec 10, 2020 | $0.095 | CapitalGainLongTerm |
| Dec 26, 2019 | $0.294 | OrdinaryDividend |
| Dec 12, 2019 | $0.253 | CapitalGainLongTerm |
| Dec 26, 2018 | $0.212 | OrdinaryDividend |
| Dec 13, 2018 | $0.073 | CapitalGainShortTerm |
| Dec 13, 2018 | $0.382 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.197 | OrdinaryDividend |
| Dec 14, 2017 | $0.070 | CapitalGainShortTerm |
| Dec 14, 2017 | $0.367 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.213 | OrdinaryDividend |
| Dec 15, 2016 | $0.017 | CapitalGainShortTerm |
| Dec 15, 2016 | $0.301 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.098 | OrdinaryDividend |
| Dec 17, 2015 | $0.218 | CapitalGainLongTerm |
PKAAX - Fund Manager Analysis
Managers
Robert Arnott
Start Date
Tenure
Tenure Rank
Apr 15, 2015
7.13
7.1%
Mr. 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 Busine
Christopher Brightman
Start Date
Tenure
Tenure Rank
Apr 15, 2015
7.13
7.1%
Chris Brightman, Chief Executive Officer, Research Affiliates, since July 2021, and Chief Investment Officer since April 2014. Previously at Research Affiliates, Mr. Brightman served as a Managing Director and Head of Investment Management. Prior to joining Research Affiliates in 2010, Mr. Brightman was chief executive officer of the University of Virginia Investment Management Company.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
