PPYCX — PIMCO RAE International Fund
Data updated: 2026-08-31
PPYCX — PIMCO RAE International Fund. Holdings, fees, performance and SEC filings.
PPYCX Fund Overview
PPYCX — PIMCO RAE International Fund is a US mutual fund managed by PIMCO Equity Series, categorised as Developed ex-US Multi-Cap / All-Cap Blend / Core Information Technology 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: Developed ex-US Multi-Cap / All-Cap Blend / Core Information Technology Equity
- Assets under management: $454.59M
- Ticker: PPYCX
- SEC CIK: 0001479360
- SEC series ID: S000048955
- Share class ID: C000154276
PPYCX Investment Objective and Strategy
PIMCO RAE International 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 under normal circumstances by obtaining exposure to a portfolio of stocks economically tied to at least three foreign (non-U.S.) countries (""RAE International Portfolio"") through investment in the securities that comprise the RAE International 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 International 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 International Portfolio by, among other things, providing PIMCO, and the Portfolio Implementer where applicable, with the constituents and target weights in the RAE International Portfolio. The Fund seeks to remain invested in the securities that comprise RAE International Portfolio even when the value of the RAE International 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. 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."
PPYCX Holdings
Top 10 holdings of PIMCO RAE International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bayer AG | 4.96% |
| Gsk PLC | 4.48% |
| AP Moller - Maersk A/S | 3.93% |
| Vodafone Group PLC | 3.81% |
| Koninklijke Ahold Delhaize NV | 3.35% |
| Equinor ASA | 3.01% |
| Suncor Energy Inc | 2.77% |
| Japan Post Holdings Co Ltd | 2.53% |
| ArcelorMittal SA | 2.45% |
| Magna International Inc | 2.42% |
PPYCX Portfolio Allocation
Asset-class allocation of PIMCO RAE International Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 1.0% |
PPYCX Performance
Total returns for PPYCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.5% |
| 1 year | 25.6% |
| 3 years (annualised) | 18.1% |
| 5 years (annualised) | 10.2% |
PPYCX Risk Information
Risk metrics for PPYCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.7%
PPYCX Costs and Fees
PPYCX costs about $161 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.61%
- Gross expense ratio: 1.72%
- Portfolio turnover: 76%
- Brokerage commissions: 3.06 bps of average net assets (SEC N-CEN)
PPYCX Cashflows
Over the 12 months to 2026-06, PIMCO RAE International Fund had net outflows of $207.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$39.70M |
| 2026-05 | $6.34M |
| 2026-04 | −$9.34M |
| 2026-03 | −$30.42M |
| 2026-02 | −$24.17M |
| 2026-01 | −$14.09M |
PPYCX Debt Constituents
No individual debt constituents are reported in PIMCO RAE International Fund's latest SEC N-PORT filing.
PPYCX Prospectus and SEC Filings
Official PIMCO RAE International 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 Developed ex-US Multi-Cap / All-Cap Blend / Core Information Technology 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.