StocksPLUS® Short Fund


Updated July 02, 2020


Seeks total return through the implementation of short investments positions on the S&P 500 Index

Primary Portfolio

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



Fund Overview

Efficient inverse exposure to the S&P 500 Index

The Lipper-Award-winning strategy provides passive short exposure to the S&P 500 Index, plus an additional source of return potential.

Why Invest In This Fund

An innovative way to gain short S&P 500 exposure

For investors seeking to hedge against a potential downturn in stocks, the fund invests in short index positions to gain daily inverse exposure to the S&P 500 Index. The fund may benefit when the index is declining, but may not perform as well when rising. The fund does not replicate the inverse performance of the S&P 500 Index. See "A word about risk."

A structural advantage to gaining short equity

The fund’s returns are driven by the daily inverse of the S&P 500 Index; by selling forward contracts, the fund earns a financing rate in exchange for selling the index returns short. In contrast shorting stocks directly incurs a borrowing cost. This difference provides a structural advantage versus traditional inverse index funds.

Award winning performance

PIMCO has been recognized multiple times by Lipper as Best Group Large Equity for the time-tested and 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.


S&P 500 Index


S&P 500 Index is an unmanaged market index generally considered representative of the stock market a