RAE US Small Fund

PMJAX

Updated May 29, 2020

Objective

The Fund seeks long-term capital appreciation.

Primary Portfolio

Equity and equity-related securities of U.S. small companies

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 2000® 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 has partnered with Research Affiliates to deliverequity strategies since 2005.

PRIMARY BENCHMARK

Russell 2000® Value Index

PRIMARY BENCHMARK DESCRIPTION

The Russell 2000® Value Index measures the performance of the small-capitalization value sector of the U.S. equity market, as defined by FTSE Russell. The Russell 2000® Value Index is a subset of the Russell 2000® Index.

SECONDARY BENCHMARK

Russell 2000® Index

SECONDARY BENCHMARK DESCRIPTION

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. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

Annually

SHARE CLASS INCEPTION

06/05/2015

CUSIP

72202L454

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Managers

Robert Arnott

Founder and Chairman, Research Affiliates

View Profile for Robert Arnott

Chris Brightman

View Profile for Chris Brightman

Yields & Distributions