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 02.28.10, unless otherwise indicated. 
PIMCO StocksPLUS Fund Inst (PSTKX)
 Print
About this Fund Performance Portfolio Review & Outlook Literature
Change Class  
Fund Overview
Highlights
  • Takes an innovative approach to S&P 500 Index investing by combining active and passive management—it invests in S&P 500 derivatives by an actively managed short-term, diversified high-quality bond portfolio.
  • Managed by renowned PIMCO founder and Co-CIO Bill Gross.
  • Offers broad participation in the return of larger-cap stocks while harnessing PIMCO's expertise in seeking positive excess return.
Why Invest in this Fund

More Than An Index Fund
PIMCO StocksPLUS Fund is an innovative stock fund that uses an enhanced index strategy. The Fund's objective is to outperform the stock market as measured by the S&P 500 Index. To do this, the manager invests a small portion of the Fund's assets in S&P 500 futures contracts. These futures allow the Fund to match the price return of the index without having to hold the individual stocks. The manager then invests the majority of the Fund's assets in an actively managed portfolio of short-term fixed-income securities to add incremental return.

Expert Management

As measured by assets under management, PIMCO is one of the largest investment advisors in the country. Among PIMCO's clients are many of the largest U.S. corporations. PIMCO founder and CIO Bill Gross manages the Fund. Mr. Gross is widely acknowledged as one of the country's premier bond managers. In fact, Morningstar has named Bill Gross and his fixed-income team as their "Fixed-Income Manager of the Year" an unprecedented three times, in 1998, 2000 and 2007.


Tax Considerations
It is important for potential investors to understand the tax implications of PIMCO StocksPLUS Fund versus a traditional index fund. PIMCO StocksPLUS Fund realizes most of its capital gains each year. A significant portion of these gains can be in the form of short-term capital gains, which are taxed as ordinary income during the calendar year they are generated. As a result, most investors find the Fund is best suited to a tax-deferred investment vehicle, such as an IRA or a 401(k).
Investment Process

PIMCO StocksPLUS Fund is an enhanced equity index fund. The Fund combines a non-leveraged position in S&P 500 Index futures with a short duration fixed-income portfolio. The S&P futures capture the price return of the S&P Index, while our active management of the short duration fixed-income assets seeks to add incremental return above the Index. Duration management extends the duration beyond the expiration time of the futures contracts to capture any term premium offered by a positively sloped yield curve. Credit risk management maintains a high overall portfolio quality, but has the ability to invest in shorter-term securities with ratings below AAA to capture additional yield. Diversification is enhanced by investing in a variety of high quality securities (i.e., mortgages, hedged non-dollar bonds) that can provide attractive yields, in addition to short-term, relatively risk-free assets such as T-bills and money market instruments.
At A Glance
Symbol Lookup
 
Symbol
CUSIP
Inst Shares
PSTKX
693390403
Objective
Seeks total return which exceeds that of the S&P 500

Primary Portfolio
S&P 500 Index futures and short-term bonds

Total Fund Assets (in millions)
$702.4

Inception Date
May 13, 1993

Dividend Frequency
Quarterly

Net Expense Ratio
1.100%

Gross Expense Ratio
-

> Share Class Pricing

Manager
William Gross


 Bill Gross, CFA, is a founder and Managing Director of PIMCO. He began his investment career in 1969 and is widely regarded as the world's foremost fixed income authority.

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.

 

For PIMCO's current AUM, please visit the Our Managers section.

 

The credit quality of the investment in the portfolio does not apply to the stability or safety of the fund. Duration is a measure of the fund's price sensitivity expressed in years. 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 Morningstar Fixed-Income Fund Manager of the Year Award winners are chosen based upon Morningstar's own research and in-depth evaluation by its senior editorial staff. Morningstar named Bill Gross and the PIMCO Bond Team as Manager of the Year for fixed-income for both 1998 and 2000.

 

This Fund may invest substantially all of its assets in S&P 500 derivatives, backed by a portfolio of fixed-income instruments. The Fund may also invest up to 20% in foreign securities, up to 10% in high-yield securities, and may at times invest in mortgage related securities. Investing in foreign securities may entail risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. 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. 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. Money market funds are not insured or guaranteed by the FDIC or any other government agency, and although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Government bonds and Treasury bills are guaranteed by the U.S. government and, if held to maturity, offer a fixed rate of return and fixed principal value.

 

The Standard & Poor's 500 Stock Index (S&P 500) is an unmanaged index of U.S. companies generally representative of the U.S. stock market. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. It is not possible to invest directly in an index.

 

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