PIMCO EqS Long/Short Fund

C000110330 Fund Overview

PIMCO EqS Long/Short Fund is a US mutual fund managed by PIMCO Equity Series, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: PIMCO Equity Series
• Category: Emerging Markets Real Estate
• SEC CIK: 0001479360
• SEC series ID: S000035999
• Share class ID: C000110330

C000110330 Investment Objective and Strategy

PIMCO EqS Long/Short Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO Equity Series.

Investment objective

The Fund seeks long-term capital appreciation.

Principal investment strategy

"The Fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities, including common and preferred securities (and securities convertible into, or that PIMCO expects to be exchanged for, common or preferred securities), utilizing a fundamental investing style that integrates bottom-up and top-down research. The Fund will normally invest a substantial portion of its assets in equity and equity-related securities. Equity-related securities include securities having an equity component ( e.g. , hybrids, bank capital) and equity derivatives. With respect to investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Fund may invest. The Fund may also invest in fixed income securities of varying maturities, cash and cash equivalents.

The Fund will generally take long positions in investments that PIMCO believes to be undervalued and short positions in investments that PIMCO believes to be overvalued or which are established for hedging purposes. The Fund generally will be long biased, but may take both long and short positions simultaneously. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund. The fundamental analysis that PIMCO will conduct when analyzing investments for the Fund may include some or all of the following: review of an issuer's Securities and Exchange Commission filings; interviews with an issuer's management, customers, competitors and suppliers; review of various independent sources of news, information and analysis of the issuer and its industry; preparation of prospective financial statements; and deriving an estimation of an issuer's value on both an absolute basis and relative to that of similar issuers.

There is no limitation on the market capitalization range of the issuers in which the Fund may invest. The Fund may invest, without limitation, in securities and instruments that are economically tied to foreign (non-U.S.) countries, including securities and instruments that are economically tied to emerging market countries. The Fund may obtain foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) without limitation. The debt investments of the Fund may include investment-grade securities and high yield securities (""junk bonds"") of any rating. The Fund may invest in derivative instruments, such as options, futures contracts, options on futures and swap agreements, consistent with its investment objective. The Fund may also invest in real estate investment trusts (""REITs"").

The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may regularly engage in short sales and borrowings for investment purposes. As market volatility increases, the portfolio manager may trade the Fund's portfolio more frequently. The Fund may maintain significant amounts in cash and cash equivalents, without limitation, when PIMCO determines that opportunities for investing are unattractive."

C000110330 Costs and Fees

C000110330 costs about $278 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.78%
• Gross expense ratio: 2.79%
• Portfolio turnover: 227%
• Brokerage commissions: 7.79 bps of average net assets (SEC N-CEN)

C000110330 Cashflows

Over the 12 months to 2019-12, PIMCO EqS Long/Short Fund had net inflows of $409.83M, from monthly SEC N-PORT filings.

C000110330 Debt Constituents

No individual debt constituents are reported in PIMCO EqS Long/Short Fund's latest SEC N-PORT filing.

C000110330 Prospectus and SEC Filings

Official PIMCO EqS Long/Short Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-12
• Prospectus (485BPOS) — filed 2018-11-09
• Prospectus supplement (497) — filed 2019-04-05
• Portfolio holdings (N-PORT) — filed 2020-02-25
• Portfolio holdings (N-PORT) — filed 2019-11-26
• Annual census (N-CEN) — filed 2019-09-13
• Annual census, amended (N-CEN/A) — filed 2018-11-05

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.