RAE US Small Fund

PMJIX

Updated September 20, 2019

Objective

The Fund seeks long-term capital appreciation.

Primary Portfolio

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

Overview

Fund Overview

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

The fund invests in a diversified portfolio of U.S. small 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

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

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

72202L421

RELATED

In emerging market equities, we see reasons to focus on value stocks and areas with attractive valuations.