RAE International Fund

PPYIX

Updated April 18, 2019

Objective

The Fund seeks long-term capital appreciation.

Primary Portfolio

Equity and equity-related securities that are economically tied to foreign (non-U.S.) countries

Overview

Fund Overview

Time-tested systematic approach to international value investing

The fund invests in a diversified portfolio of international developed market stocks using the Research Affiliates Equity (RAE) strategy, an innovative value approach designed to outperform the MSCI EAFE 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.

Our Expertise

PIMCO has partnered with Research Affiliates to deliver equity strategies since 2005

PRIMARY BENCHMARK

MSCI EAFE Value Index

PRIMARY BENCHMARK DESCRIPTION

The MSCI EAFE Value Index captures large and mid-cap securities exhibiting overall value style characteristics across developed markets countries around the world, excluding the US and Canada. The value investment style characteristics for index construction of the MSCI EAFE Value Index are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.

SECONDARY BENCHMARK

MSCI EAFE Index

SECONDARY BENCHMARK DESCRIPTION

MSCI EAFE Index is an unmanaged index designed to represent the performance of large and mid-cap securities across 21 developed markets, including countries in Europe, Australasia and the Far East, excluding the U.S. and Canada. It is not possible to invest directly in the index.

DIVIDEND FREQUENCY

Annually

SHARE CLASS INCEPTION

06/05/2015

CUSIP

72202L512

RELATED

We see two overarching reasons for long-term investors to consider continuing to hold a strategic allocation to EM equities: fundamentals and valuations.

Read More

Managers

Robert Arnott

Founder and Chairman, Research Affiliates

View Profile