RAE PLUS Fund

PXTNX

Updated May 29, 2020

Objective

Seeks total return which exceeds that of its benchmark

Primary Portfolio

Equity exposure of the RAE US portfolio is obtained using equity-linked instruments, allowing the fund to generate additional returns from a flexible bond alpha strategy.

in-page

Overview

Fund Overview

Time-tested systematic approach to U.S. value investing

The fund invests in a diversified portfolio of U.S. stocks using the Research Affiliates Equity (RAE) strategy, an innovative value approach designed to outperform the Russell 1000 Value Index.

Why Invest In This Fund

Captures robust sources of excess returns

RAE is a systematic strategy that selects undervalued stocks using valuation metrics designed by Research Affiliates, while also incorporating quality and momentum signals to improve performance. The RAE strategy combines several well-researched measures of each signal to achieve higher returns over time.

Capitalizes on market inefficiencies

Selected stocks are weighted based on fundamental measures of company size such as sales, cash flows, dividends and book value. This weighting methodology allows the fund to capitalize on market inefficiencies by systematically buying low and selling high and benefit from long-term mean reversion in stock prices.

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 introduced the groundbreaking StocksPLUSstrategy in 1986 - the same award-winning approachused across our “PLUS” portfolios - which capitalizeson the depth and breadth of PIMCO’s global resources.PIMCO has partnered with Research Affiliates to deliversystematic equity strategies since 2005. Today, wemanage RAE “PLUS” portfolios across a range ofobjectives and market exposures

PRIMARY BENCHMARK

Russell 1000® Value Index

PRIMARY BENCHMARK DESCRIPTION

The Russell 1000® Value Index measures the performance of large and midcapitalization value sectors of the U.S. equity market, as defined by FTSE Russell. The Russell 1000® Value Index is a subset of the Russell 1000® Index, which measures the performance of the large and mid-capitalization sector of the U.S. equity market.

SECONDARY BENCHMARK

S&P 500 Index

SECONDARY BENCHMARK DESCRIPTION

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.

DIVIDEND FREQUENCY

Quarterly

SHARE CLASS INCEPTION

04/27/2018

CUSIP

72202E328

RELATED

Managers

Robert Arnott

Founder and Chairman, Research Affiliates

View Profile for Robert Arnott

Chris Brightman

View Profile for Chris Brightman

Mohsen Fahmi

Portfolio Manager, Global Fixed Income

View Profile for Mohsen Fahmi

Jing Yang

Portfolio Manager, Structured Credit

View Profile for Jing Yang

Bryan Tsu

Portfolio Manager, CMBS and CLO

View Profile for Bryan Tsu

Yields & Distributions