Allianz Global Investors
Our Managers Commentary News & Media
Mutual Funds
Fund Family Overview
Price & Performance
Literature & Forms
Services
Prospectuses & Shareholder Reports
Related Products
> Closed-End Funds
> 529 Plans

PIMCO FUNDS PROFILE 
All data as of 06.30.10, unless otherwise indicated. 
PIMCO All Asset Fund D (PASDX)
 Print
About this Fund Performance Portfolio Review & Outlook Literature
Change Class  
Fund Overview
Summary

Focusing on strong after-inflation returns

With its dynamic asset allocation approach, PIMCO All Asset Fund targets solid real (after-inflation) returns from a global opportunity set of traditional and alternative asset classes. The resulting portfolio may help you protect purchasing power and offer broader diversification than a traditional portfolio of just stocks, bonds and cash.
Why Invest in this Fund

Seeks strong after-inflation returns

For long-term investors, the Fund targets solid real returns; its secondary benchmark is CPI +5%. It invests in inflation-hedging assets such as Treasury Inflation-Protected Securities (TIPS) and commodities, as well as U.S. and international stocks and bonds.

 

A broad opportunity set

By actively allocating assets across such a wide variety of asset classes and strategies, the Fund may enhance diversification, which helps manage risk.

 

Proven investment expertise

This “fund of funds” is sub-advised by Research Affiliates, L.L.C., a leading tactical asset allocation firm founded by Robert Arnott. The underlying funds are managed by PIMCO, a global leader in fixed-income investing. The Fund will involve many of the same risks as its underlying funds, and there is no guarantee that its allocation will be ideal in a given market.
Investment Process

In determining the Fund's allocations to the underlying PIMCO Funds, the sub-advisor relies on a number of essential building blocks, including: the long-term return potential of each asset class/sector, equity and bond risk premiums, potential value-added of the underlying PIMCO Funds and proprietary active asset allocation models. In addition, key personnel from PIMCO and Research Affiliates regularly engage in substantive dialogue, formulating strategy that is then incorporated into the final allocation decisions. The above asset allocation criteria are monitored on an ongoing basis and, when strategically appropriate, the allocations are readjusted accordingly.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
D Shares
PASDX
72200Q679
Objective
Seeks maximum real return, consistent with preservation of real capital and prudent investment management

Primary Portfolio
Underlying PIMCO Funds

Total Fund Assets (in millions)
$15,975.1

Inception Date
Jul 31, 2002

Dividend Frequency
Quarterly

Net Expense Ratio
1.450%

Gross Expense Ratio
1.470%

> Share Class Pricing

Manager
Robert D. Arnott

Robert Arnott established Research Affiliates, L.L.C in 2002. He joined forces with PIMCO as a subadvisor to offer a global asset allocation product to make active use of liquid alternative markets.

Management Firm
Pacific Investment Management Company LLC (PIMCO)

Newport Beach, California

Led by Founder and Co-Chief Investment Officer Bill Gross, PIMCO is widely recognized as one of the premier bond managers in the world. PIMCO applies this expertise to a range of core and specialized investment portfolios.



> Management Commentary

Investors should consider the investment objectives, risks, charges and expenses of this Fund carefully before investing. This and other information is contained in the Fund´s prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor, or by calling 888-877-4626. Click here for the Fund´s prospectus or summary prospectus. Please read them carefully before you invest or send money.

Past performance is no guarantee of future results. This commentary is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the author, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.

 

Standard deviation is an absolute measure of volatility measuring dispersion about an average which, for a mutual fund, depicts how widely the returns varied over a certain period of time. The Consumer Price Index (CPI) is an unmanaged index representing the rate of inflation in U.S. consumer prices as determined by the U.S. Department of Labor Statistics. There can be no guarantee that the CPI or other indexes will reflect the exact level of inflation at any given time. In an environment where interest rates may trend upward, rising rates will negatively impact most bond funds, and fixed income securities held by a fund are likely to decrease in value. Bond funds and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.

 

The Fund's performance will depend on how its assets are allocated and reallocated among constituent Funds. There is no assurance that the investment objective of any underlying fund will be achieved. The allocation among the underlying Funds will vary, and the investment may be subject to any and all of the following risks at different times and to different degrees. Investing in smaller companies may entail greater risk than investing in larger companies, including higher volatility. Investing in non-U.S. securities may entail greater risk due to non-U.S. economic and political developments; this risk may be enhanced when investing in emerging markets. The underlying funds may at times invest in mortgage-related securities and may use derivative instruments for hedging purposes or as part of an investment strategy. Use of derivative instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. Although the Fund normally invests in a number of different underlying funds, it will be particularly sensitive to the risks associated with the individual fund(s) and any investments in which that Fund concentrates. The Fund's NAV will fluctuate in response to changes in the NAV of the underlying Funds. The cost of investing in the Fund will generally be higher than the cost of investing in a mutual fund that invests directly in individual stocks and bonds.

 

PIMCO Funds and Allianz Funds are distributed by Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, www.allianzinvestors.com , 1-888-877-4626.

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

 

Click here to view the Fund's current sector weightings.

All holdings are subject to change.

 

Click here to view the Fund's current standardized performance.
CLICK TO VIEW OUR BUSINESS CONTINUITY PLAN, PROXY POLICIES & VOTING RECORDS, OR OUR PRIVACY POLICY.
About Us         Careers         Contact Us         Help

Advisor Login