Equities at PIMCO

Move beyond the traditional approach

Tired of poor performance in your equity allocation?

80-90% of active equity managers have underperformed their passive peers over 10 years1. For investors looking to replace underperforming managers, PIMCO offers an array of strategies across regions, market caps, and styles – an award-winning suite that has been recognized by Lipper five times.

5 time equity asset class winner, large company

2019, 2013, 2012, 2011, 2010

Lipper Award

Data as of 30 June 2020. Lipper Asset Class Group Awards are awarded to eligible fund family groups and not individual funds. From Lipper Fund Awards from Refinitiv, ©2020 Refinitiv. All rights reserved. Used under license.

Explore PIMCO's Equity Strategies

Systematic, rules-based value strategies with an active investment process that seeks to deliver excess returns while maintaining broad diversification, economic representation, low turnover, and lower fees versus traditional active management. Learn more >

PIMCO's Equities Platform

We believe our equity strategies offer a better way forward – with a history that spans more than 30 years.

$45 billion

In equity assets under management
(as of 30 September 2020)

17

Equity mutual funds

4

Equity ETFs

30+ years

Managing equity strategies

Looking for a Better Approach to Equity Investing?

Talk with our team today.

Disclosures

1 Source: Morningstar, performance of U.S. open-end and ETF active funds against a composite of passive peers (in Morningstar categories U.S. Large Value, U.S. Large Blend, Foreign Large Blend, and U.S. Small Blend) that were in existence for the entire period ending 30 June 2020.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative. Click here for a complete list of the PIMCO Funds prospectuses and summary prospectuses. For ETFs click here. Please read them carefully before you invest or send money.

The performance figures presented reflect the total return performance and reflect changes in share price and reinvestment of dividend and capital gain distributions. All periods longer than one year are annualized. The minimum initial investment for Institutional class shares is $1 million; however, it may be modified for certain financial intermediaries who submit trades on behalf of eligible investors.

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.

Differences in the Fund’s performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index.

There is no assurance that any fund, including any fund that has experienced high or unusual performance for one or more periods, will experience similar levels of performance in the future. High performance is defined as a significant increase in either 1) a fund’s total return in excess of that of the fund’s benchmark between reporting periods or 2) a fund’s total return in excess of the fund’s historical returns between reporting periods. Unusual performance is defined as a significant change in a fund’s performance as compared to one or more previous reporting periods.

A word about risk:

Absolute return portfolios may not fully participate in strong positive market rallies. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage- and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market's perception of issuer creditworthiness; while generally supported by some form of government or private guarantee, there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.

Exchange Traded Funds ("ETF") are afforded certain exemptions from the Investment Company Act. The exemptions allow, among other things, for individual shares to trade on the secondary market. Individual shares cannot be directly purchased from or redeemed by the ETF. Purchases and redemptions directly with ETFs are only accomplished through creation unit aggregations or "baskets" of shares. Shares of an ETF are bought and sold at market price (not NAV). Brokerage commissions will reduce returns. Investment policies, management fees and other information can be found in the individual ETF’s prospectus.

Different fund types (e.g. ETFs, open-ended investment companies) and fund share classes are subject to different fees and expenses (which may affect performance). They may also have different minimum investment requirements and be entitled to different services.

Net Asset Value (NAV) represents an ETF’s per-share value. The per-share value of an ETF is calculated by dividing the total value of the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading on the NYSE Arca (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.

The Fund’s Net Asset Value, shares outstanding and total net assets are calculated as of the close of regular trading on each day that the NYSE Arca is open, and do not reflect security transactions or Fund shares created or redeemed on the date stated. Such transactions are recorded on the next business day and reported on the website the following business day.

Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 pm Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.

Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Due to the costs inherent in buying or selling Fund shares, frequent trading may detract significantly from investment returns. Investment in Fund shares may not be advisable for investors who expect to engage in frequent trading.

ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for PIMCO ETF shares will develop or be maintained, or that their listing will continue or remain unchanged.

The RAFI Dynamic Multi-Factor ETFs use an indexing approach and may be affected by a general decline in market segments or asset classes relating to its Underlying Index. The Fund invests in securities and instruments included in, or representative of, its Underlying Index regardless of the investment merits of the Underlying Index.

Premiums (when market price is above NAV) or discounts (when market price is below NAV) reflect the differences (expressed as a percentage) between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A discount or premium could be significant. Data in chart format displaying the frequency distribution of discounts and premiums of the Market Price against the NAV can be found for each Fund at www.pimcoetfs.com.

Morningstar Rating™ as of 31 October 2020 for the institutional share class; other classes may have different performance characteristics. A rating is not a recommendation to buy, sell or hold a fund.The StocksPLUS® Absolute Return Fund was rated against the following numbers of Large Blend funds over the following time periods: Overall 4 Stars (1237 funds rated); 3 Yrs. 3 Stars (1237 funds rated); 5 Yrs. 4 Stars (1071 funds rated); 10 Yrs. 5 Stars (825 funds rated).The StocksPLUS® Fund was rated against the following numbers of Large Blend funds over the following time periods: Overall 4 Stars (1237 funds rated); 3 Yrs. 3 Stars (1237 funds rated); 5 Yrs. 4 Stars (1071 funds rated); 10 Yrs. 5 Stars (825 funds rated).The StocksPLUS® International Fund (U.S. Dollar-Hedged) was rated against the following numbers of Foreign Large Blend funds over the following time periods: Overall 5 Stars (661 funds rated); 3 Yrs. 5 Stars (661 funds rated); 5 Yrs. 4 Stars (563 funds rated); 10 Yrs. 5 Stars (367 funds rated).The StocksPLUS® International Fund (Unhedged) was rated against the following numbers of Foreign Large Blend funds over the following time periods: Overall 3 Stars (661 funds rated); 3 Yrs. 2 Stars (661 funds rated); 5 Yrs. 3 Stars (563 funds rated); 10 Yrs. 4 Stars (367 funds rated).The StocksPLUS® Small Fund was rated against the following numbers of Small Blend funds over the following time periods: Overall 4 Stars (620 funds rated); 3 Yrs. 3 Stars (620 funds rated); 5 Yrs. 4 Stars (505 funds rated); 10 Yrs. 4 Stars (357 funds rated).The RAE Emerging Markets Fund was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: Overall 2 Stars (697 funds rated); 3 Yrs. 1 Star (697 funds rated); 5 Yrs. 2 Stars (590 funds rated).The RAE Fundamental Advantage PLUS Fund was rated against the following numbers of Market Neutral funds over the following time periods: Overall 2 Stars (101 funds rated); 3 Yrs. 2 Stars (101 funds rated); 5 Yrs. 2 Stars (76 funds rated); 10 Yrs. 2 Stars (22 funds rated).The RAE Global Fund was rated against the following numbers of World Large Stock funds over the following time periods: Overall 2 Stars (729 funds rated); 3 Yrs. 1 Star (729 funds rated); 5 Yrs. 2 Stars (613 funds rated).The RAE Global ex-US Fund was rated against the following numbers of Foreign Large Value funds over the following time periods: Overall 3 Stars (312 funds rated); 3 Yrs. 2 Stars (312 funds rated); 5 Yrs. 4 Stars (272 funds rated).The RAE International Fund was rated against the following numbers of Foreign Large Value funds over the following time periods: Overall 3 Stars (312 funds rated); 3 Yrs. 3 Stars (312 funds rated); 5 Yrs. 3 Stars (272 funds rated).The RAE PLUS EMG Fund was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: Overall 1 Star (697 funds rated); 3 Yrs. 1 Star (697 funds rated); 5 Yrs. 2 Star (590 funds rated); 10 Yrs. 1 Star (264 funds rated).The RAE PLUS Fund was rated against the following numbers of Large Value funds over the following time periods: Overall 4 Stars (1124 funds rated); 3 Yrs. 3 Stars (1124 funds rated); 5 Yrs. 3 Stars (998 funds rated); 10 Yrs. 4 Stars (709 funds rated).The RAE PLUS International Fund was rated against the following numbers of Foreign Large Value funds over the following time periods: Overall 3 Stars (312 funds rated); 3 Yrs. 2 Stars (312 funds rated); 5 Yrs. 3 Stars (272 funds rated).The RAE PLUS Small Fund was rated against the following numbers of Small Value funds over the following time periods: Overall 4 Stars (385 funds rated); 3 Yrs. 3 Stars (385 funds rated); 5 Yrs. 4 Stars (355 funds rated).The RAE US Fund was rated against the following numbers of Large Value funds over the following time periods: Overall 3 Stars (1124 funds rated); 3 Yrs. 3 Stars (1124 funds rated); 5 Yrs. 3 Stars (988 funds rated).The RAE US Small Fund was rated against the following numbers of Small Value funds over the following time periods: Overall 4 Stars (385 funds rated); 3 Yrs. 4 Stars (385 funds rated); 5 Yrs. 4 Stars (355 funds rated).The RAE Worldwide Long/Short PLUS Fund was rated against the following numbers of Long-Short Equity funds over the following time periods: Overall 3 Stars (187 funds rated); 3 Yrs. 2 Stars (187 funds rated); 5 Yrs. 3 Stars (139 funds rated).Past performance is no guarantee of future results. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar, Inc.® 2018. All rights reserved. The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

MSCI EAFE Hedged USD Index is an unmanaged index of issuers in countries of Europe, Australia, and the Far East represented in U.S. Dollars on a hedged basis. Russell 2000® Index is composed of 2,000 of the smallest companies in the Russell 3000 Index and is considered to be representative of the small cap market in general. S&P 500 Index is an unmanaged market index generally considered representative of the stock market as a whole. The Index focuses on the large-cap segment of the U.S. equities market. It is not possible to invest directly in an unmanaged index.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.

PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a company of PIMCO.

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PIMCO