PFQAX — PIMCO RAE Global Fund
Data updated: 2022-08-29
PFQAX — PIMCO RAE Global Fund. Emerging Markets Real Estate · 0.85% expense ratio · -3.0% 1-yr return. Holdings, fees, performance and SEC filings.
PFQAX Fund Overview
PFQAX — PIMCO RAE Global 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
- 1-year return: -3.0%
- Ticker: PFQAX
- SEC CIK: 0001479360
- SEC series ID: S000048953
- Share class ID: C000154259
PFQAX Investment Objective and Strategy
PIMCO RAE Global 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 substantially all of its assets in (i) Institutional Class shares of the PIMCO RAE US Fund (""US Fund""), the PIMCO RAE International Fund (""International Fund""), and the PIMCO RAE Emerging Markets Fund (""Emerging Markets Fund"") (together, the US Fund, the International Fund and the Emerging Markets Fund are referred to as the ""Underlying Funds"") and (ii) equity securities that are eligible investments for the Underlying Funds. Under normal circumstances, each of the Underlying Funds obtains exposure to a portfolio of stocks (each, a ""RAE Portfolio"") through investment in the securities that comprise the RAE 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.
With respect to its direct or indirect (through a fund) investments in equity securities, there is no limitation on the market capitalization range of the issuers in which the Fund may invest. 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 each RAE 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 each Underlying Fund's use of its respective RAE Portfolio by, among other things, providing PIMCO, and the Portfolio Implementer where applicable, with the constituents and target weights in the relevant RAE Portfolio.
Each Underlying Fund seeks to remain invested in the securities that comprise its respective RAE Portfolio even when the value of such RAE Portfolio is declining. The Fund's portfolio, either directly or indirectly (through funds), will be economically tied to at least three countries (one of which may be the U.S.). 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 may also invest, without limitation, 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. Subject to the restrictions and limitations of the Investment Company Act of 1940, as amended (the ""1940 Act""), as well as the investment strategies described above and any other restrictions described in the Fund's prospectus or Statement of Additional Information, the Fund may invest, without limitation, in other affiliated and unaffiliated funds, which may or may not be registered under the 1940 Act (together with the Underlying Funds, ""Acquired Funds"")."
PFQAX Holdings
Top 6 holdings of PIMCO RAE Global Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pimco Funds | 46.61% |
| Pimco Funds | 46.61% |
| Pimco Funds | 40.56% |
| Pimco Funds | 40.56% |
| Pimco Funds | 12.67% |
| Pimco Funds | 12.67% |
PFQAX Portfolio Allocation
Asset-class allocation of PIMCO RAE Global Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 199.7% |
| Cash & Equivalents | 0.3% |
PFQAX Performance
Total returns for PFQAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.0% |
| 3 years (annualised) | 8.3% |
PFQAX Risk Information
Risk metrics for PFQAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.6%
PFQAX Costs and Fees
PFQAX costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.35%
- Portfolio turnover: 8%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PFQAX Cashflows
Over the 12 months to 2022-06, PIMCO RAE Global Fund had net inflows of $314.73M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-06 | $249.06M |
| 2022-05 | $619.26K |
| 2022-04 | $471.27K |
| 2022-03 | $1.06M |
| 2022-02 | $1.32M |
| 2022-01 | $797.84K |
PFQAX Debt Constituents
No individual debt constituents are reported in PIMCO RAE Global Fund's latest SEC N-PORT filing.
PFQAX Prospectus and SEC Filings
Official PIMCO RAE Global Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-10-27
- Prospectus supplement (497) — filed 2022-04-29
- Prospectus supplement (497) — filed 2020-10-30
- Portfolio holdings (N-PORT) — filed 2022-08-29
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Portfolio holdings (N-PORT) — filed 2022-02-28
- Annual census (N-CEN) — filed 2021-09-13
- Annual census (N-CEN) — filed 2020-09-11
Related Funds
Other Emerging Markets Real Estate 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.