PMJCX — PIMCO RAE US Small Fund
Data updated: 2026-08-31
PMJCX — PIMCO RAE US Small Fund. United States Small Cap Value Equity · $3.79B AUM · 1.66% expense ratio. Holdings, fees, performance and SEC filings.
PMJCX Fund Overview
PMJCX — PIMCO RAE US Small Fund is a US mutual fund managed by PIMCO Equity Series, categorised as United States Small Cap Value 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: United States Small Cap Value Equity
- Assets under management: $3.79B
- Ticker: PMJCX
- SEC CIK: 0001479360
- SEC series ID: S000048957
- Share class ID: C000154290
PMJCX Investment Objective and Strategy
PIMCO RAE US Small 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 securities of small companies economically tied to the United States (for purposes of this section only, ""U.S. companies""). Specifically, under normal circumstances, the Fund will obtain exposure to a portfolio of stocks of small U.S. companies (""RAE US Small Portfolio"") through investment in the securities that comprise the RAE US Small 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.
The Sub-Adviser applies the RAE methodology to small-sized U.S. companies determined by percentage of cumulative fundamental measures of company size. The fundamental weights of U.S. companies are sorted in descending order where the top cumulative 89% weights are eligible as large and mid-sized companies and the remaining companies are eligible as small-sized companies. Actual stock positions in the RAE US Small 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 US Small Portfolio by, among other things, providing PIMCO, and the Portfolio Implementer where applicable, with the constituents and target weights in the RAE US Small Portfolio.
The Fund seeks to remain invested in the securities that comprise the RAE US Small Portfolio even when the value of the RAE US Small 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 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."
PMJCX Holdings
Top 10 holdings of PIMCO RAE US Small Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pimco Institutional US Government Money Market Fund | 2.93% |
| Sanmina Corp | 2.73% |
| Bread Financial Holdings Inc | 2.25% |
| Jazz Pharmaceuticals PLC | 2.09% |
| Landstar System Inc | 1.88% |
| Affiliated Managers Group Inc | 1.88% |
| Warrior Met Coal Inc | 1.85% |
| Vishay Intertechnology Inc | 1.78% |
| Acuity Inc | 1.77% |
| Delek US Holdings Inc | 1.61% |
PMJCX Portfolio Allocation
Asset-class allocation of PIMCO RAE US Small Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 3.4% |
PMJCX Performance
Total returns for PMJCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 21.0% |
| 1 year | 36.9% |
| 3 years (annualised) | 21.5% |
| 5 years (annualised) | 11.9% |
PMJCX Risk Information
Risk metrics for PMJCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.2%
PMJCX Costs and Fees
PMJCX costs about $166 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.66%
- Gross expense ratio: 1.78%
- Portfolio turnover: 59%
- Brokerage commissions: 0.59 bps of average net assets (SEC N-CEN)
PMJCX Cashflows
Over the 12 months to 2026-06, PIMCO RAE US Small Fund had net inflows of $999.62M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $47.12M |
| 2026-05 | −$50.46M |
| 2026-04 | $27.19M |
| 2026-03 | −$40.67M |
| 2026-02 | $72.37M |
| 2026-01 | $77.67M |
PMJCX Debt Constituents
No individual debt constituents are reported in PIMCO RAE US Small Fund's latest SEC N-PORT filing.
PMJCX Prospectus and SEC Filings
Official PIMCO RAE US Small 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 United States Small Cap Value 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.