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.

Lipper Fund Awards, from Refinitiv

5 time equity asset class winner, large company, UNITED STATES

2019, 2013, 2012, 2011, 2010

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, ©2021 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.

$53 billion

In equity assets under management
(as of 30 June 2021)

17

Equity mutual funds

4

Equity ETFs

35+ years

Managing equity strategies


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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 01 January 2021.

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.

Past performance is not a guarantee or a reliable indicator of future results.

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.

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, traded on the secondary market, 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.

Buying or selling ETF shares on an exchange may require the payment of fees, such as brokerage commissions, and other fees to financial intermediaries. In addition, an investor may incur costs attributed to the difference between the highest price a buyer is willing to pay to purchase shares of the Fund (bid) and the lowest price a seller is willing to accept for shares of the Fund (ask) when buying or selling shares in the secondary market (the bid-ask spread). 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.

Premium/Discount is the difference between the market price and NAV expressed as a percentage of NAV.

Current holdings are subject to risk. Holdings are subject to change at any time. An investment in an ETF involves risk, including the loss of principal. Investment return, price, yield and Net Asset Value (NAV) will fluctuate with changes in market conditions. Investments may be worth more or less than the original cost when redeemed.

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 Smart beta 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.

Morningstar Rating™ as of monthly 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 (1257 funds rated); 3 Yrs. 3 Stars (1257 funds rated); 5 Yrs. 4 Stars (1099 funds rated); 10 Yrs. 5 Stars (820 funds rated). The StocksPLUS® Fund was rated against the following numbers of Large Blend funds over the following time periods: Overall 4 Stars (1257 funds rated); 3 Yrs. 3 Stars (1257 funds rated); 5 Yrs. 4 Stars (1099 funds rated); 10 Yrs. 5 Stars (820 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 (673 funds rated); 3 Yrs. 4 Stars (673 funds rated); 5 Yrs. 5 Stars (579 funds rated); 10 Yrs. 5 Stars (385 funds rated). The StocksPLUS® International Fund (Unhedged) was rated against the following numbers of Foreign Large Blend funds over the following time periods: Overall 4 Stars (673 funds rated); 3 Yrs. 3 Stars (673 funds rated); 5 Yrs. 4 Stars (579 funds rated); 10 Yrs. 4 Stars (385 funds rated). The StocksPLUS® Small Fund was rated against the following numbers of Small Blend funds over the following time periods: Overall 4 Stars (603 funds rated); 3 Yrs. 3 Stars (603 funds rated); 5 Yrs. 4 Stars (512 funds rated); 10 Yrs. 4 Stars (356 funds rated). The RAE Emerging Markets Fund was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: Overall 3 Stars (701 funds rated); 3 Yrs. 2 Star (701 funds rated); 5 Yrs. 3 Stars (602 funds rated). The RAE Fundamental Advantage PLUS Fund was rated against the following numbers of Equity Market Neutral funds over the following time periods: Overall 3 Stars (38 funds rated); 3 Yrs. 3 Stars (38 funds rated); 5 Yrs. 3 Stars (37 funds rated). The RAE Global Fund was rated against the following numbers of World Large Stock funds over the following time periods: Overall 4 Stars (158 funds rated); 3 Yrs. 3 Star (158 funds rated); 5 Yrs. 4 Stars (145 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 4 Stars (318 funds rated); 3 Yrs. 3 Stars (318 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 4 Stars (318 funds rated); 3 Yrs. 3 Stars (318 funds rated); 5 Yrs. 4 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 2 Star (701 funds rated); 3 Yrs. 2 Star (701 funds rated); 5 Yrs. 3 Star (602 funds rated); 10 Yrs. 2 Star (306 funds rated). The RAE PLUS Fund was rated against the following numbers of Large Value funds over the following time periods: Overall 4 Stars (1141 funds rated); 3 Yrs. 3 Stars (1141 funds rated); 5 Yrs. 4 Stars (1012 funds rated); 10 Yrs. 5 Stars (740 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 (318 funds rated); 3 Yrs. 2 Stars (318 funds rated); 5 Yrs. 4 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 5 Stars (409 funds rated); 3 Yrs. 4 Stars (409 funds rated); 5 Yrs. 5 Stars (383 funds rated). The RAE US Fund was rated against the following numbers of Large Value funds over the following time periods: Overall 3 Stars (1141 funds rated); 3 Yrs. 3 Stars (1141 funds rated); 5 Yrs. 3 Stars (1012 funds rated). The RAE US Small Fund was rated against the following numbers of Small Value funds over the following time periods: Overall 5 Stars (409 funds rated); 3 Yrs. 4 Stars (409 funds rated); 5 Yrs. 5 Stars (383 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 2 Stars (179 funds rated); 3 Yrs. 2 Stars (179 funds rated); 5 Yrs. 2 Stars (151 funds rated). Past performance is no guarantee of future results. A rating is not a recommendation to buy, sell or hold a fund. © 2021 Morningstar, Inc. 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. The Morningstar RatingTM 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.

© 2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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.

There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only. 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 is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2021, PIMCO.

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

CMR2021-0429-1628926