StocksPLUS® Fund

PSPRX

Updated January 23, 2020

Objective

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

Primary Portfolio

S&P 500 Index futures and short-term bonds

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, combining passive exposure to the S&P 500 Index with additional return potential provided by an enhanced cash strategy. This unique approach allows the fund to retain key attributes of passive equity indexing, while also seeking to deliver market outperformance with low tracking error.

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

12/31/2002

CUSIP

72200Q729

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Managers

Mohsen Fahmi

Portfolio Manager, Global Fixed Income

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Jing Yang

Portfolio Manager, Structured Credit

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Bryan Tsu

Portfolio Manager, CMBS and CLO

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Yields & Distributions

Historical Prices & Distributions

Distribution Yield (At Nav) 1 as of 12/31/2019 5.84%
1 - Day Distribution Yield as of 01/23/2020 -
30-Day SEC Yield as of 12/31/2019 1.07%
Latest Dividend Distribution ($ Share)2 as of 12/26/2019 $0.02763
Dividend Distribution (YTD) 3 as of 12/26/2019 $0.55189
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.
2Data does not include special cash dividends.
3Data is based on distributions since the most recent calendar year end and does not include special cash dividends.
The 30 day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days.

Fees & Expenses

Effective as of 07/31/2019
Gross Expense Ratio 1.23%
Adjusted Expense Ratio4 1.15%
The Adjusted Expense Ratio excludes certain investment expenses, such as interest expense from borrowings and repurchase agreements and dividend expense from investments on short sales, incurred directly by the Fund or indirectly through the Fund’s investments in underlying PIMCO Funds (if applicable), none of which are paid to PIMCO.

disclosures

4Ex-interest expenses reflect the accounting treatment of certain investments (e.g., reverse repurchase agreements) but do not reflect actual expenses paid to PIMCO.

Prices & Performance

Daily Statistics

All data as of 01/23/2020

NAV $10.00 One Day Return 0.20%
Daily Change $0.02 Daily YTD Return 3.09%

All data as of

All data as of

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.

There is no assurance that any fund, including any fund that has experienced high or unusual performance for one or more periods, will experience similar levels of performance in the future. High performance is defined as a significant increase in either 1) a fund’s total return in excess of that of the fund’s benchmark between reporting periods or 2) a fund’s total return in excess of the fund’s historical returns between reporting periods. Unusual performance is defined as a significant change in a fund’s performance as compared to one or more previous reporting periods.