PECFX — PIMCO RAE Emerging Markets Fund
Data updated: 2026-08-31
PECFX — PIMCO RAE Emerging Markets Fund. Holdings, fees, performance and SEC filings.
PECFX Fund Overview
PECFX — PIMCO RAE Emerging Markets Fund is a US mutual fund managed by PIMCO Equity Series, categorised as Emerging Markets Multi-Cap / All-Cap Blend / Core Consumer Discretionary Equity. 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 Multi-Cap / All-Cap Blend / Core Consumer Discretionary Equity
- Assets under management: $2.77B
- Ticker: PECFX
- SEC CIK: 0001479360
- SEC series ID: S000048952
- Share class ID: C000154255
PECFX Investment Objective and Strategy
PIMCO RAE Emerging Markets 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 at least 80% of its assets in investments that are economically tied to emerging market countries. Specifically, under normal circumstances, the Fund will obtain exposure to a portfolio of stocks economically tied to emerging market countries (""RAE Emerging Markets Portfolio"") through investment in the securities that comprise the RAE Emerging Markets Portfolio. The stocks are selected by the Fund's sub-adviser, Research Affiliates, LLC (""Sub-Adviser""), from a broad universe of companies which satisfy certain liquidity and capacity requirements. The Sub-Adviser uses the RAE methodology as a starting point for portfolio construction. The RAE methodology selects and weights stocks by fundamental measures of company size, e.g., gross profit, cash flow, book value, dividends plus net buybacks, rather than by market capitalization and then incorporates additional active insights on measures such as quality and momentum, among other factors, to seek to enhance risk-adjusted returns.
Actual stock positions in the RAE Emerging Markets Portfolio, which drift apart from target weights as market prices change, are rebalanced to target weights periodically. The Sub-Adviser provides investment advisory services in connection with the Fund's use of the RAE Emerging Markets Portfolio by, among other things, providing PIMCO, and the Portfolio Implementer where applicable, with the constituents and target weights in the RAE Emerging Markets Portfolio. The Fund seeks to remain invested in the securities that comprise the RAE Emerging Markets Portfolio even when the value of the RAE Emerging Markets Portfolio is declining. The Fund may invest, without limitation, in equity and equity-related securities, including common and preferred 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 is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund. The Fund may also invest in derivative instruments, such as options, forwards, 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. The Fund may also enter into reverse repurchase agreements and lend portfolio securities. The Fund may invest, without limitation, in securities and instruments denominated in foreign currencies and in securities of foreign issuers.
The Fund may invest, without limitation, in 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."
PECFX Holdings
Top 10 holdings of PIMCO RAE Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vale SA | 4.11% |
| China Petroleum & Chemical Corp | 3.57% |
| Lenovo Group Ltd | 3.54% |
| Petroleo Brasileiro SA - Petrobras | 3.34% |
| PetroChina Co Ltd | 3.13% |
| ASE Technology Holding Co Ltd | 3.09% |
| United Microelectronics Corp | 2.77% |
| Evergreen Marine Corp Taiwan Ltd | 2.70% |
| Innolux Corp | 2.27% |
| Ping An Insurance Group Co of China Ltd | 2.17% |
PECFX Portfolio Allocation
Asset-class allocation of PIMCO RAE Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 1.9% |
PECFX Performance
Total returns for PECFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.3% |
| 1 year | 21.4% |
| 3 years (annualised) | 17.8% |
| 5 years (annualised) | 9.3% |
PECFX Risk Information
Risk metrics for PECFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.5%
PECFX Costs and Fees
PECFX costs about $186 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.86%
- Gross expense ratio: 2.07%
- Portfolio turnover: 48%
- Brokerage commissions: 2.40 bps of average net assets (SEC N-CEN)
PECFX Cashflows
Over the 12 months to 2026-06, PIMCO RAE Emerging Markets Fund had net inflows of $91.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$51.66M |
| 2026-05 | −$17.35M |
| 2026-04 | $12.34M |
| 2026-03 | −$4.00M |
| 2026-02 | −$167.28K |
| 2026-01 | $76.84M |
PECFX Debt Constituents
No individual debt constituents are reported in PIMCO RAE Emerging Markets Fund's latest SEC N-PORT filing.
PECFX Prospectus and SEC Filings
Official PIMCO RAE Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-24
- Prospectus (485BPOS) — filed 2024-10-28
- Prospectus supplement (497) — filed 2024-01-08
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2025-09-11
- Annual census (N-CEN) — filed 2024-09-12
Related Funds
Other Emerging Markets Multi-Cap / All-Cap Blend / Core Consumer Discretionary Equity funds tracked on ABC INVEST:
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.