PIMCO StocksPLUS Small Fund INSTL (PSCSX)



Prior to 15 April 2015, the PIMCO StocksPLUS Small Fund was named the PIMCO Small Cap StocksPLUS AR Strategy Fund.

PIMCO
Objective
Seeks total return which exceeds that of the Russell 2000 Index
Primary Portfolio
Russell 2000 Index derivatives backed by an actively managed portfolio of fixed income securities with an absolute return orientation
At a Glance
SymbolPSCSX
CUSIP Number 72201F797
Total Fund Assets (in millions) $1,445.1
Share Class Inception Date 03/31/2006
Dividend Frequency Quarterly
Maximum Sales Charge -
Net Operating Expenses 0.69 %

Daily Price

NAV Day Return
$9.54 -$0.05 -0.52%
YTD Return
4.56%
As of 07/06/15

Historical Prices

06/30/15

$9.60

07/01/15

$9.64

07/02/15

$9.59

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
Aims to consistently outperform the Russell 2000 Index

The Lipper-award-winning strategy aims to outperform the Russell 2000 Index by investing in equity-linked instruments designed to replicate the returns of the Russell 2000, plus an additional, complementary source of alpha potential.


Why Invest In This Fund
An alternative to traditional passive and active equity 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 Russell 2000 Index with additional return and diversification potential provided by a complementary absolute return bond alpha strategy. This unique approach allows the fund to retain key attributes of passive equity indexing, while also seeking to deliver meaningful market outperformance.


Increased return potential

As the fund gains full exposure to the Russell 2000 Index using equity-linked instruments at a money market-based cost, the goal of the absolute return bond alpha strategy is to outperform this cost thereby allowing the fund to provide the returns of the Russell 2000 Index "PLUS" additional alpha and diversification potential. Absolute return portfolios may not necessarily fully participate in positive market rallies or negative market declines.


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. Our “PLUS” strategies capitalize on the depth and breadth of PIMCO’s global resources and investment expertise. Today, we manage “PLUS” portfolios across a range of objectives.

Managers

Mohsen Fahmi

Mr. Fahmi is a managing director and generalist portfolio manager in the Newport Beach office, focusing on global fixed income assets. Prior to joining PIMCO in 2014, he was with Moore Capital Management, most recently as a senior portfolio manager and previously as chief operating officer. In London earlier in his career, he was co-head of bond and currency proprietary trading at Tokai Bank Europe, head of leveraged investment at Salomon Brothers and executive director of proprietary trading at Goldman Sachs. Prior to this, he was a proprietary trader for J.P. Morgan in both New York and London, and he also spent seven years as an investment officer at the World Bank in Washington, DC. He has 30 years of investment experience and holds an MBA from Stanford University. He received a master's degree in civil engineering from the Ohio State University and an undergraduate degree from Ain Shams University, Cairo.

Sudi N. Mariappa

Mr. Mariappa is a managing director and generalist portfolio manager in the Newport Beach office. He rejoined PIMCO in 2014 from GLG, a London-based hedge fund, where he was a managing director, developing and managing fixed income funds. Previously at PIMCO, Mr. Mariappa was a managing director and head of global portfolio management. He also served as a senior advisor to PIMCO’s portfolio management group from 2009-2011. Prior to joining PIMCO in 2000, he was a managing director for Merrill Lynch in Tokyo, overseeing Japanese government bond and swap derivative trading. He has 27 years of investment experience and holds an MBA, as well as a bachelor's degree in chemical engineering, from Cornell University.

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.

**This is the inception date of the oldest share class, which for this Fund is the Institutional share class. The returns presented are for Institutional shares, and measure performance from the inception of the oldest share class to the present. Total return performance assumes that all dividend and capital gains distributions were reinvested on the payable date and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Institutional shares generally have a $5 million minimum investment; under special circumstances they may be available. Please see the prospectus for more information.

A word about risk: In managing the strategy’s investments in Fixed Income Instruments, PIMCO utilizes an absolute return approach; the absolute return approach does not apply to the equity index replicating component of the strategy. Absolute return portfolios may not fully participate in strong positive market rallies. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. 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. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. 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. Diversification does not ensure against loss.

The Fund may invest in exchange traded funds based on the Russell 2000 Index, such as Standard & Poor's Depositary Receipts. Under certain conditions, generally in a market where the value of both Russell 2000 Index derivatives and fixed income securities are declining or in periods of heightened market volatility, the Fund may experience greater losses or lesser gains than would be the case if it invested directly in a portfolio of Russell 2000 Index stocks.

Past performance is not a guarantee or a reliable indicator of future results. Morningstar Rating as of 31 May 2015 for the Inst. Class Shares; other classes may have different performance characteristics. Fund ratings are out of 5 Stars: Overall 5 Stars (640 funds rated); 3 Yrs. 5 Stars (640 funds rated); 5 Yrs. 5 Stars (578 funds rated). 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.

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