Time-tested systematic approach to global ex-U.S. value investing
The fund invests in a diversified portfolio of developed and emerging markets stocks using the Research Affiliates Equity (RAE) strategy, an innovative value approach designed to outperform the MSCI All Country World ex US Value Index.
Why Invest In This Fund
Capitalizes on market inefficiencies
RAE selects and weights stocks based on fundamental measures of company size including sales, cash flow, dividends, and book value. By removing price from the portfolio construction process, this value fund aims to buy low and sell high, and to outperform its benchmark over time.
Enhanced by active insights
Starting with fundamental weighting, the strategy then refines these weights by
incorporating active insights into quality, momentum, style and size with the goal of further enhancing
returns. These insights continually evolve based on the ongoing research of the portfolio managers
Offers the benefits of investing systematic equity strategy
The fund’s unique rules-based approach seeks a
consistent investment process and a contrarian portfolio designed to deliver market outperformance.
PIMCO has partnered with Research Affiliates to deliver
equity strategies since 2005
MSCI All Country World ex US Value Index
PRIMARY BENCHMARK DESCRIPTION
The MSCI All Country World ex US Value Index captures large and mid-cap securities exhibiting overall value style characteristics across 22 developed and 24 emerging markets countries. The value investment style characteristics for index construction of the MSCI All Country World ex US Value Index are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.
MSCI All Country World ex US Index
SECONDARY BENCHMARK DESCRIPTION
The MSCI All Country World ex US Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The Index consists of 46 country indices comprising 22 developed and 24 emerging market country indices. It is not possible to invest directly in an unmanaged index.
SHARE CLASS INCEPTION