Multi Asset Equity
Individual mutual fund portfolios that allow you to construct a unique asset allocation strategy
If you prefer to construct your own asset allocation, or supplement other options, you may select among the following large cap funds:
Multi Asset |
PIMCO All Asset |
PIMCO All Asset Fund (PAAIX)
Investment Objective and Principal Strategies.
The fund's investment objective is to seek maximum real return, consistent with preservation of real capital and prudent investment management. The Fund is a “fund of funds,” which is a term used to describe mutual funds that pursue their investment objective by investing in other funds. The Fund seeks to achieve its investment objective by investing under normal circumstances substantially all of its assets in the least expensive class of shares of any actively managed or smart beta funds (including mutual funds or exchange-traded funds) of the Trust, or PIMCO ETF Trust or PIMCO Equity Series, each an affiliated open-end investment company, except other funds of funds and series of the Trust sub-advised by Gurtin Municipal Bond Management (collectively, “Underlying PIMCO Funds”). As used in the investment objective, “real return” equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure, and “real capital” equals capital less the estimated cost of inflation measured by the change in an official inflation measure. In addition to investing in Underlying PIMCO Funds, at the discretion of Pacific Investment Management Company LLC (“PIMCO”) and without shareholder approval, the Fund may invest in additional Underlying PIMCO Funds created in the future.
The Fund invests its assets in shares of the Underlying PIMCO Funds and does not invest directly in stocks or bonds of other issuers. Research Affiliates, the Fund’s asset allocation sub-adviser, determines how the Fund allocates and reallocates its assets among the Underlying PIMCO Funds. In doing so, the asset allocation sub-adviser seeks concurrent exposure to a broad spectrum of asset classes.
Principal Risks.
The principal risks of investing in the Fund, which could adversely affect its net asset value, yield and total return, are allocation risk and fund of funds risk.