PIMCO Emerging Multi-Asset Fund INSTL (PEAWX)

PIMCO
Objective
The Fund seeks maximum total return, consistent with prudent investment management
Primary Portfolio
PIMCO funds (except for All Asset, All Asset All Authority and RealRetirement funds), other affiliated or unaffiliated funds, fixed income instruments, equities and other instruments.
At a Glance
SymbolPEAWX
CUSIP Number 72201T805
Total Fund Assets (in millions) $14.3
Share Class Inception Date 4/12/2011
Dividend Frequency Annually
Maximum Sales Charge -
Net Operating Expenses 1.35 %

Daily Price

NAV Day Return
$8.54 $0.03 0.35%
YTD Return
5.96%
As of 04/24/15

Historical Prices

04/21/15

$8.44

04/22/15

$8.49

04/23/15

$8.51

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. Click Performance tab for performance current to the most recent month-end.
Fund Overview
A comprehensive emerging markets asset allocation solution

Designed to be a "one-stop" emerging markets (EM) solution, PIMCO Emerging Multi-Asset Fund offers actively managed exposure across EM, ranging from debt to equity—within a comprehensive risk management framework.


Why Invest In This Fund
Dynamic top-down allocation

The fund’s asset class mix is driven by PIMCO’s forward-looking macroeconomic views using a risk-factor-based approach. Allocation decisions are implemented across EM asset classes – equities, fixed income, currencies and tactical commodities exposure – and dynamically adjusted to match PIMCO’s risk factor targets.


Explicit tail risk hedging

In order to limit the fund’s exposure to the drawdowns that EM assets can experience during periods of market stress, the fund employs an array of strategies designed to help limit losses during large and unanticipated market downturns.


Intensive, bottom-up research

The fund’s top-down investment process is complemented by PIMCO’s bottom-up analysis within EM equities, fixed income and currencies. This best-in-class fundamental research is used to enhance security selection within each EM asset class, recognizing the heterogeneous nature of countries and companies within the universe.

Managers

Michael A. Gomez

Mr. Gomez is a managing director in the Newport Beach office, a portfolio manager and head of the emerging markets portfolio management team. Prior to joining PIMCO in 2003, he was responsible for market making and proprietary trading of emerging market bonds at Goldman Sachs. Prior to that, he spent a year in Colombia serving as a financial consultant to the Ministry of Finance and Public Credit. Mr. Gomez was named one of the rising stars of mutual funds by Institutional Investor News (2009). He is chairman of the oversight committee for the Markit GEMX emerging markets indices and also serves on other committees pertaining to emerging markets. He has 20 years of investment experience and holds an MBA from the Wharton School of the University of Pennsylvania, where he also received his undergraduate degree.

Curtis Mewbourne

Mr. Mewbourne is a managing director and head of portfolio management in the New York office. He manages institutional accounts and mutual funds across a wide range of strategies. Prior to joining PIMCO in 1999, he was a bond trader at Salomon Brothers and at Lehman Brothers. He has 21 years of trading and portfolio management experience and holds an engineering degree in computer science from the University of Pennsylvania.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative.  Click here for a complete list of the PIMCO Funds prospectuses and summary prospectuses. Please read them carefully before you invest or send money.

A word about risk:
The Fund invests in other funds and performance is subject to underlying investment weightings which will vary. The cost of investing in the Fund will generally be higher than the cost of investing in a fund that invests directly in individual stocks and bonds. Equities may decline in value due to both real and perceived general market, economic and industry conditions. Investments in value securities involve the risk the market’s value assessment may differ from the manager and the performance of the securities may decline. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. Investing in distressed companies (both debt and equity) is speculative and may be subject to greater levels of credit, issuer and liquidity risks, and the repayment of default obligations contains significant uncertainties; such companies may be engaged in restructurings or bankruptcy proceedings. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. Tail risk hedging may involve entering into financial derivatives that are expected to increase in value during the occurrence of tail events. Investing in a tail event instrument could lose all or a portion of its value even in a period of severe market stress. A tail event is unpredictable; therefore, investments in instruments tied to the occurrence of a tail event are speculative. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Entering into short sales includes the potential for loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the portfolio. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The Fund is non-diversified, which means that it may invest its investments in a smaller number of issuers than a diversified fund.

Past performance is not a guarantee or a reliable indicator of future results. For funds with at least a 3-yr history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees) with an emphasis on downward variations and consistent performance. The top 10% of funds in each 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 is a weighted average of the performance figures for its 3-, 5- and 10-yr (if applicable) Morningstar Rating metrics. Morningstar, Inc.® 2015. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (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. Hollow stars represent a class of shares with inception dates that is different than the inception date of the fund. For the period prior to the inception date of these shares, performance information is based on the performance of the fund’s Institutional Class shares, adjusted to reflect the actual distribution and/or service (12b-1) fees and other expenses paid by the newer share class.


PIMCO