RAE Fundamental PLUS Fund

PXTIX

Updated September 29, 2016

Objective

Seeks total return which exceeds that of its benchmark

Primary Portfolio

RAE Fundamental US Large portfolio derivatives backed by an actively managed portfolio of fixed income securities with an absolute return orientation

Overview

Fund Overview

Time-tested, smart beta approach to U.S. equity investing

The fund invests in a diversified portfolio that captures the returns of U.S. stocks using the Research Affiliates Equity (RAE) Fundamental investment strategy – a systematic approach designed to outperform the S&P 500 Index ¬– plus an additional source of return potential.

Why Invest In This Fund

Systematically capitalizes on market inefficiencies

RAE Fundamental selects and weights U.S. stocks based on non-price measures of company size including sales, cash flows, book value and dividends. By removing price from the portfolio construction process the fund aims to outperform cap-weighted indexes by breaking the link between stock price and portfolio weight. In addition, the fund incorporates the portfolio managers’ active insights into quality, momentum, size and style with the goal of further enhancing returns.

Offers the benefits of traditional passive and active equity investing

The fund’s unique smart beta approach gives it the ability to retain key attributes of passive investing, including broad diversification, while also seeking market outperformance. The fund provides an additional source of alpha potential by employing PIMCO’s “PLUS” implementation to equity investing. Because the fund uses equity-linked instruments, which do not require the same cash outlay as physical stocks, it seeks to generate incremental return by investing the remaining cash in actively managed fixed income.

Award-winning equity performance

The fund benefits from exposure to the proprietary RAE Fundamental strategy and PIMCO’s time-tested approach to managing “PLUS” strategies, whereby the fund invests in equity linked instruments alongside a complementary alpha-generating bond portfolio. PIMCO has been recognized by Lipper as Best Group Large Equity multiple times for the consistently strong risk-adjusted performance of its equity “PLUS” 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. PIMCO has partnered with Research Affiliates since 2005 when they introduced fundamental indexes to the marketplace. Research Affiliates is broadly credited as being pioneers in smart beta. Today, we manage RAE “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

06/30/2005

CUSIP

72201F854

RELATED

Managers

Mohsen Fahmi

Portfolio Manager, Global Fixed Income

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Sudi Mariappa

Portfolio Manager, Generalist

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Robert Arnott

Founder and Chairman, Research Affiliates

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Yields & Distributions

Historical Prices & Distributions

Distribution Yield (At Nav) as of 06/30/2016 2.21%
30 - Day SEC Yield as of 08/31/2016 2.19%
30 - Day SEC Yield as of 09/29/2016 -
Latest Dividend Distribution ($ Share) as of 09/15/2016 $0.00000
Dividend Distribution (YTD) as of 09/15/2016 $0.00000

Fees & Expenses

Total Annual Operating Expenses 0.83%
Net Operating Expenses Ex-interest 0.79%

Prices & Performance

Daily Statistics

All data as of 09/29/2016

NAV $6.38 One Day Return -0.78%
Daily Change $-0.05 Daily YTD Return 10.00%
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

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar and Lipper

  • Morningstar Ratings
  • Lipper Rankings

Portfolio Composition

All data as of unless otherwise stated

Summary Characteristics - Index
Market Value %

Stocks in Portfolio 500
P/E Ratio (Forward) 17.85
Median Market Cap ($US MM) 76,702.49
P/E Ratio (Trailing) 19.71
Weighted Avg Market Cap ($US MM) 129,917.60

Top 5 GICS Sector - Index
Market Value %

Information Technology 21.00
Health Care 14.63
Financials 13.21
Consumer Discretionary 12.07
Industrials 10.11

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 12.49
Sharpe Ratio 0.83
Information Ratio -0.60
Tracking Error 3.06

Summary Characteristics - RAE
Market Value %

Stocks in Portfolio 737
P/E Ratio (Forward) 16.51
Median Market Cap ($US MM) 60,669.00
P/E Ratio (Trailing) 17.91
Weighted Avg Market Cap ($US MM) 114,027.87

Top 5 GICS Sector - RAE Market Value %

Information Technology 18.93
Financials 13.65
Consumer Discretionary 13.31
Consumer Staples 10.53
Health Care 10.16

Sector Allocation - Duration in Years

US Government Related -0.95
Mortgage 0.51
Invest. Grade Credit 0.26
High Yield Credit 0.02
Non-USD Developed -0.38
Emerging Markets 0.12
Municipal/Other 0.38
Net Other Short Duration Instruments 0.01

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