About PXTNX
PIMCO RAE PLUS Fund Class I-3 is a diversified mutual fund that seeks to achieve a total return exceeding its benchmark through a multi-faceted investment approach. The fund employs the RAE (Research Affiliates Equity) Fundamental strategy, which selects and weights U.S. companies based on fundamental metrics such as sales, cash flows, book value, and dividends, rather than traditional market capitalization. This methodology aims to reduce biases found in cap-weighted indices and to avoid common value traps through additional filters for quality and momentum.
Instead of holding physical equities, the fund typically gains equity exposure using derivatives, swaps, and options, allowing for efficient portfolio implementation and flexibility in allocating capital. Assets not tied up in derivatives are invested in a broad array of fixed income securities, including U.S. Agency bonds, asset-backed securities, corporate bonds, and mortgage securities, with an allocation that can tilt toward both investment-grade and non-investment-grade instruments.
The fund’s construction enables exposure to large U.S. companies, with limited forays into emerging markets and other asset classes such as high yield bonds and precious metals. This structure positions the fund as a unique solution for investors seeking disciplined, fundamentally driven value exposure within a diversified, actively managed framework.
Fund Family PIMCO
Category Large Value
Performance Rating Above Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol PXTNX
Share Class I-3
Index Russell 1000 Value TR
PXTNX had a total return of 39.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.55%.
