StocksPLUS® Absolute Return Fund

PSPTX

Updated June 20, 2018

Objective

Seeks total return which exceeds that of the S&P 500 Index

Primary Portfolio

S&P 500 Index derivatives backed by an actively managed portfolio of fixed income securities with an absolute return orientation

Overview

Fund Overview

An innovative solution to enhancing large cap equity returns

The Lipper-award-winning fund aims to outperform the S&P 500 Index by investing in equity-linked instruments, such as futures, providing the passive total returns of the S&P 500, plus an additional source of return potential.

Why Invest In This Fund

Offers the benefits of traditional passive and active investing

Traditional index funds aim to match the performance of a market index by investing in all, or a representative sample, of the stocks in the index. The fund goes further, providing the total returns of the S&P 500 Index, while also offering the potential for outperformance through a complementary bond alpha strategy. This unique approach allows the fund to retain the key attributes of passive equity indexing, while also seeking to deliver market outperformance.

Provides alpha potential in one of the most efficient segment of the equity markets

Given the amount of research on U.S. large cap equities and how freely available information is in today’s market environment, it is one of the most difficult universes to outperform the passive index through stock picking. In the StocksPLUS strategy, excess returns are driven by a bond portfolio designed to generate alpha, adding a structural yield advantage that is repeatable and a proven way to outperform the S&P 500 over long investment time horizons..

Award winning performance

PIMCO has been recognized multiple times by Lipper as Best Group Large Equity for consistently strong risk-adjusted performance of our StocksPLUS strategies.

Our Expertise

PIMCO helped pioneer the innovative StocksPLUS strategy in 1986 – the same award-winning approach used across our “PLUS” portfolios, which capitalizes on the depth and breadth of PIMCO’s global resources. Today, we manage “PLUS” portfolios across a range of objectives and market exposures.

PRIMARY BENCHMARK

S&P 500 Index

PRIMARY 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

06/28/2002

CUSIP

722005642

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Managers

Mohsen Fahmi

Portfolio Manager, Global Fixed Income

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Sudi N. Mariappa

Portfolio Manager, Generalist

View Profile

Yields & Distributions

Historical Prices & Distributions

Distribution Yield (At Nav) 1 as of 03/31/2018 2.54%
1 - Day Distribution Yield as of 06/20/2018 -
30 - Day SEC Yield2 as of 05/31/2018 2.13%
30 - Day SEC Yield2 as of 06/20/2018 -
Latest Dividend Distribution ($ Share)3 as of 06/14/2018 $0.03632
Dividend Distribution (YTD) 4 as of 06/14/2018 $0.05424
Yields & Distributions Footnotes & Disclosures

disclosures

1The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The distribution yield for annual paying Funds is calculated by taking the annual distribution divided by the Fund’s net asset value on ex-date. The yield is annualized if the Fund incepted less than a year ago. The yield does not include long- or short-term capital gains distributions.
2The 30-Day SEC yield is an annualized yield based on the most recent 30 day period.
3Data does not include special cash dividends.
4Data is based on distributions since the most recent calendar year end and does not include special cash dividends.
Unless stated, the Fund does not have an unsubsidized yield.

Fees & Expenses

Total Annual Operating Expenses 0.68%

Prices & Performance

Daily Statistics

All data as of 06/20/2018

NAV $11.15 One Day Return 0.18%
Daily Change $0.02 Daily YTD Return 4.62%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End
  • Quarter End

All data as of

  • Daily
  • Month End
  • Quarter End
Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did.

Differences in the Fund’s performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index.

No assurance is being made that any fund that may have experienced high or unusual performance for one or more periods will continue to experience such performance. High performance is defined as an unusual growth in alpha between reporting periods or total return when measured to historical returns. Unusual performance is defined as an unusual change in performance (+/-) between reporting periods and the portfolio experienced unusual performance for one or more periods.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar and Lipper

  • Morningstar Ratings
  • Lipper Rankings
Prices & Performance Footnotes & Disclosures

disclosures

Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.
Total return performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The minimum initial investment for Institutional class shares is $1 million; however, it may be modified for certain financial intermediaries who submit trades on behalf of eligible investors.
Daily YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.
A rating is not a recommendation to buy, sell or hold a fund. © 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.Past performance is not a guarantee or a reliable indicator of future results.
Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar, Inc.® 2017. All rights reserved. The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

Portfolio Composition

All data as of unless otherwise stated

Summary Characteristics - Index

Stocks in Portfolio 500
P/E Ratio (Forward) 17.15
Weighted Median Market Cap ($US MM) 95,736.16
P/E Ratio (Trailing) 21.71
Weighted Avg Market Cap ($US MM) 192,077.40

Top 5 GICS Sector - Index
Market Value %5

Information Technology 25.98
Financials 14.20
Health Care 13.92
Consumer Discretionary 12.87
Industrials 9.91

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 11.89
Sharpe Ratio6 0.90
Information Ratio7 0.13
Tracking Error8 2.52

Sector Allocation - Duration in Years

US Government Related9 -0.20
Mortgage 1.09