Pimco All Asset Paaix Fund Overview

The Pimco All Asset PAAIX Fund is a great option for investors looking for a diversified portfolio.

This fund invests in a mix of stocks, bonds, and other securities, which helps spread risk and potentially increase returns.

The fund has a moderate risk profile, making it suitable for investors who want to balance potential gains with some level of stability.

It's managed by Pimco, a well-established investment firm with a long history of successful fund management.

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PIMCO PAAIX's performance metrics are straightforward and easy to understand.

The fund's 1-year return is 7.5%, indicating a relatively stable growth period.

PIMCO PAAIX's expense ratio is 0.61%, which is lower than the average for its category.

This low expense ratio can help investors save money and maximize their returns.

When evaluating a fund's future performance, it's essential to consider its Process Pillar. This pillar assesses the fund's performance objective and investment process, ensuring it's sensible, clearly defined, and repeatable.

PAAIX's Process Pillar is a crucial factor in determining its future performance. The fund's management team must have a well-defined process for security selection and portfolio construction.

A high-quality management team is essential for delivering superior performance. PAAIX's management team has the experience and ability to make informed investment decisions.

The Parent Pillar is also a key consideration when evaluating a fund's future performance. This pillar assesses the parent organization's priorities and whether they align with investors' interests.

Here's a breakdown of the three pillars that contribute to a fund's future performance:

The Total Return Ranking is a key metric to consider when evaluating investment performance.

In the calendar year 2024, PAAIX had a total return of 4.1%, ranking 74.42% in its category.

For the year 2023, PAAIX's total return was 8.6%, placing it 59.81% in its category.

In 2022, PAAIX's total return was -11.5%, ranking 34.27% in its category.

For the year 2021, PAAIX's total return was 15.6%, ranking 20.28% in its category.

In 2020, PAAIX's total return was 8.4%, ranking 49.01% in its category.

Here's a summary of PAAIX's total return ranking for each year:

The expense ratio is a crucial metric to consider when evaluating a fund's performance. It measures how much of a fund's assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services.

PIMCO All Asset Instl has a high expense ratio, with a rate of 1.87% that is 6% higher than its category average, earning it a grade of D.

High portfolio turnover can lead to higher expenses and lower after-tax returns. PIMCO All Asset Instl has a portfolio turnover rate of 56%, indicating that it holds its assets for a very short period of time.

The average portfolio turnover for the Tactical Allocation category is significantly higher, at 309%. This suggests that PIMCO All Asset Instl is not taking full advantage of the benefits of long-term investing.

PIMCO All Asset Instl's high expense ratio and high portfolio turnover rate can make it difficult to achieve strong returns, especially when compared to its peers. In November 2024, the fund returned 2.3%, earning it a grade of F, while the Tactical Allocation category had an average return of 3.9%.

In January 2025, the fund returned 1.8%, earning it a grade of D, while the Tactical Allocation category had an average return of 2.4%. This further illustrates the challenges of investing in a fund with high expenses and high portfolio turnover.

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The PIMCO All Asset Instl fund has a high expense ratio compared to its category average. It's 1.87% higher than the Tactical Allocation category average, which earns it a D grade.

High expense ratios can reduce your rate of return and make it harder to overcome excessive fees. Active management often comes with higher expense ratios than passive index management.

PIMCO All Asset Instl has a portfolio turnover rate of 56%, which is much lower than the average portfolio turnover of 309% for the Tactical Allocation category. This suggests that the fund holds its assets for a relatively long time.

A high portfolio turnover can lead to higher expenses and lower after-tax returns.

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Trading fees can eat into your returns, and it's essential to understand what you're paying for.

The PAAIX fund has a max redemption fee of N/A, which is not applicable.

PAAIX's trading fees are structured as a percentage of Assets Under Management (AUM), with details as follows:

Keep in mind that these fees can add up, and it's crucial to consider them when evaluating your investment options.

The PIMCO All Asset Instl fund has a high expense ratio compared to funds in the Tactical Allocation category, with a rate of 1.87% that's 6% higher than its category average.

High expense ratios can eat into your returns, making it harder to achieve your investment goals. This is especially true for active management funds, which often come with higher fees.

PIMCO All Asset Instl has a portfolio turnover rate of 56%, indicating that it holds its assets for a very short period of time. By comparison, the average portfolio turnover rate for the Tactical Allocation category is 309%.

High portfolio turnover can lead to higher expenses and lower after-tax returns. This is because frequent buying and selling can result in higher transaction costs and capital gains taxes.

Here's a comparison of the PIMCO All Asset Instl fund's performance with its category average:

Keep in mind that these grades are based on relative rankings within the investment category, with A being the highest 20% and F being the lowest 20%.

PAAIX distributes dividends quarterly, which means you can expect to receive payments from the fund on a regular basis.

This frequency is in contrast to some other funds that may only distribute dividends annually.

Here are the dividend distribution frequencies for PAAIX and some other funds:

PIMCO All Asset Instl is an actively managed Allocation Tactical Allocation fund launched in 2002. It's a "fund of funds" that invests in other funds to achieve its investment objective.

The fund's primary goal is to maximize real return while preserving real capital and prudent investment management. This is a key focus for investors seeking stable returns over the long term.

PIMCO All Asset Instl has a diverse management team with an average tenure of 10.59 years. The team consists of Robert Arnott, Christopher Brightman, and James Masturzo, with the longest tenure being 22.4 years.

The fund has a benchmark of the Bloomberg Global Aggregate TR Hdg USD index, which accounts for 100% of its investments. As of 6/30/24, the fund has 45 securities in its portfolio, with the top 10 holdings making up 77.9% of its assets.

Here's a breakdown of the fund's portfolio allocation as of 6/30/24:

PIMCO PAAIX has received a D grade for its year-to-date performance, which is 0.7 percentage points worse than its category. This indicates that the fund has not kept pace with its peers over the past year.

The fund's past year performance is particularly concerning, with a return of 6.1%, earning it an F grade. However, over the past five years, PIMCO PAAIX has returned 5.3% per year, earning a C grade. This suggests that the fund's performance has been relatively stable over the long-term.

Here's a summary of PIMCO PAAIX's investment grades over different time periods:

Overall, PIMCO PAAIX's investment grades suggest that the fund's performance has been inconsistent over different time periods, with some periods of strong growth and others of weaker performance.

The PIMCO All Asset Instl fund has received a grade of D for its year-to-date performance, 5.2 percentage points worse than its category average.

It's worth noting that this fund has struggled to keep up with its peers in the past year, with a return of 11.5%, also earning a grade of D.

Over the past three years, the fund has returned 2.1%, another D-grade performance.

However, its five-year and ten-year returns of 5.7% and 4.6% respectively, have earned it a grade of C.

Here's a breakdown of the fund's grades for each time period:

It's clear that this fund has had its ups and downs, but its consistent underperformance over the past year is a red flag for investors.