PIMCO All Asset Fund Class C (PASCX)

Overview

The fund operates as a "fund of funds," signifying it primarily invests in a range of other mutual funds to achieve its investment objectives. This strategy allows the fund to diversify its investment portfolio across various funds, including actively managed and smart beta funds. By primarily investing in the least expensive class of shares available from the PIMCO Trusts, including the PIMCO ETF Trust and PIMCO Equity Series, the fund aims to optimize its returns for investors. This investment approach encompasses a broad spectrum of affiliated open-end investment companies, yet it distinguishes itself by maintaining a non-diversified status, focusing rather on maximizing potential returns through select investments.

Products and Services

• Fund of Funds Investments

  The primary service offered by the fund is its distinctive 'fund of funds' investment strategy. This entails allocating assets among a diverse mix of mutual funds, including but not limited to actively managed funds and smart beta funds. This approach is designed to leverage the strengths and minimize the risks inherent in investing across multiple funds, aiming for a balanced and diversified investment portfolio.

• Actively Managed Fund Investments

  In its pursuit of achieving its investment objective, the fund targets actively managed funds within the Trust or other PIMCO entities. Actively managed funds are those that are dynamically managed by fund managers, who make decisions on the fund's holdings in an effort to outperform the market. This investment into actively managed funds allows the fund to potentially benefit from expert investment strategies and market timing.

• Smart Beta Fund Investments

  Another component of the fund's investment strategy is the inclusion of smart beta funds. Unlike traditional index funds, smart beta funds employ alternative index-based strategies aiming to obtain higher returns. By investing in smart beta funds, the fund seeks to capitalize on these innovative investment strategies that may offer a superior risk-return profile compared to traditional market-cap-weighted indexes.

• Investment in PIMCO Trusts

  A key aspect of the fund's investment strategy is its focus on the least expensive class of shares of the PIMCO ETF Trust, PIMCO Equity Series, and other related PIMCO investment vehicles. By prioritizing cost-efficiency in its investment choices within the spectrum of available PIMCO trusts, the fund aims to minimize expenses for its investors, potentially enhancing net returns. This strategic choice underscores the fund's commitment to leveraging the strengths of its affiliated entities while maintaining a keen eye on cost savings.