PIMCO All Asset Fund Institutional Class (PAAIX)

Overview

The described entity operates as a "fund of funds," a unique investment approach where mutual funds aim to achieve their investment objectives by investing in a portfolio of other funds. This approach allows investors to diversify their investments across various asset classes, sectors, or strategies by investing in a single fund. The primary goal is to invest in the least expensive class of shares across a broad spectrum of actively managed or smart beta funds, including mutual funds or exchange-traded funds (ETFs) that are part of the Trust, PIMCO ETF Trust, or PIMCO Equity Series. Each of these platforms constitutes an affiliated open-end investment company. Notably, this fund distinguishes itself by not diversifying its investments, focusing instead on selecting high-quality funds to achieve its investment objectives.

Products and Services

• Actively Managed Funds

  These are funds managed by professional fund managers who make decisions on holding or selling assets to achieve superior returns. The fund of funds invests in these actively managed funds with the aim of benefiting from their strategic asset allocations and active management decisions, enhancing the overall investment performance.

• Smart Beta Funds

  Unlike traditional index funds that follow market-cap-weighted indexes, smart beta funds use alternative index construction rules to pursue higher returns. By investing in smart beta funds, this fund seeks to take advantage of these strategies designed to outperform the market or reduce risk.

• Mutual Funds

  Mutual funds pool money from many investors to purchase securities. The fund of funds invests in mutual funds that are part of the Trust, PIMCO ETF Trust, or PIMCO Equity Series to diversify its investment portfolio across different asset classes and geographic locations, leveraging the expertise of these established funds.

• Exchange-Traded Funds (ETFs)

  ETFs are investment funds traded on stock exchanges, much like stocks. They hold assets such as stocks, commodities, or bonds. The fund invests in ETFs within the Trust, PIMCO ETF Trust, or PIMCO Equity Series, aiming to benefit from their liquidity, lower costs, and tax efficiency, while also achieving diversification.