PIMCO

My Content

GIS RAFI Dynamic Multi-Factor U.S. Equity Fund

ISIN: IE00BFZ89D93

Updated 20 November 2020

{{ currentShareClassCode }}
{{ fund.ShareClassCode }}
DAILY NAV (USD)
11.99
DAILY YTD RETURN
5.11%
DAILY SINCE INCEPTION
9.46%
DAILY YTD RETURN
5.11%
TOTAL NET ASSETS (USD)
-
(as of -)
TOTAL NET ASSETS (USD)
-
(as of -)
CLASS
Equities
CLASS INCEPTION DATE
16/11/2018
MORNINGSTAR RATING

CLASS
Equities
CLASS INCEPTION DATE
16/11/2018
MORNINGSTAR RATING

Objective

The investment objective is to seek a total return that closely corresponds, before fees and expenses, to the total return of the RAFI Dynamic Multi-Factor U.S. Index.

--%>

⏸

Overview

Fund Description

PIMCO RAFI Dynamic Multi-Factor U.S. Equity is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility, momentum and size - a diversified approach that seeks to improve return potential.

Investor Benefits

Incorporating the latest smart beta research from Research Affiliates, the fund provides the following potential benefits:

Exposure to multiple equity factors that theory and research have linked to higher returns, a combination that may offer a smoother ride than single-factor approaches.
A unique RAFI (Research Affiliates Fundamental Index) approach to weighting stocks within each factor portfolio.
A dynamic weighting process that overweights factors that may be more attractive on a forward-looking basis, reducing the potential risk associated with buying expensive factors.

The Fund Advantage

PIMCO and Research Affiliates believe that our differentiated approach to multi-factor investing creates the potential for higher returns through both factor portfolio construction and dynamic allocation of the individual factor portfolios.

We believe this value conscious approach to factor investing makes the Fund an attractive option for smart beta investors, and can serve as a complement to or replacement for traditional equity approaches.

BENCHMARK

RAFI Dynamic Multi‑Factor US Net TR Index

BENCHMARK DESCRIPTION

The RAFI Dynamic Multi-Factor U.S. Index consists of “factor portfolios” of US stocks, which emphasize the following five factors: value, low volatility, quality, momentum and size. The value factor emphasizes companies with a high ratio of company fundamental weight to its market capitalisation weight. The low volatility factor emphasises companies with low risk measures calculated as the variance of a company’s daily excess return over five years explained by global, local country groups and global industry excess returns. The quality factor emphasises companies that are high in profitability and low in investment spending. The momentum factor emphasises stocks with high momentum. The size factor is the equal weight of the small company portions of the other four factors. Returns are calculated net of withholding taxes.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

16/11/2018

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

BASE CURRENCY

ISIN

IE00BFZ89D93

TICKER

SEDOL

SHARE CLASS CURRENCY

CUSIP

VALOR

WKN

VAG Compliance

Traspasable

Managers

Robert Arnott

Founder and Chairman, Research Affiliates

View Profile

Chris Brightman

Chief Investment Officer, Research Affiliates

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity¹ as of 31/12/2020	0.21%
Current Yield² as of 31/12/2020	0.20%
Average Annualised Distribution Yield as of -	-

Yields & Distributions Footnotes & Disclosures

disclosures

¹PIMCO calculates a Fund's Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data.

²The estimate of current yield is based on PIMCO's best judgment for the securities in the portfolio on the date shown. PIMCO makes no representation on the accuracy or the methodology used.

Fees & Expenses

Management Fee	-
Total Expense Ratio (excluding interest expense)	-
Total Expense Ratio (including interest expense)	-

Unified Fee	0.29%

Management Fee (%)	0.290%
Management Expense Ratio (%)	-

Total Annual Management Costs	0.29%

Management Fee (on Net Assets)	0.290%
Management Fee (on Total Managed Assets)	-

Prices & Performance

Daily Statistics

All data as of 20/11/2020

NAV (USD)	11.99	One Day Return	0.03%
Daily Change (USD)	0.00	Daily YTD Return	5.11%	Daily Since Inception Return	9.46%

Click here to view Historical Prices

Average Annual Returns
Cumulative Returns

All data as of

Daily
Month End

All data as of

Daily
Month End

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown.

Calendar Year Returns %

All data as of

Morningstar Ratings

Prices & Performance Footnotes & Disclosures

disclosures

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Performance data current to the most recent month-end is available by calling +44 203 3640 1552.

A rating is not a recommendation to buy, sell or hold a fund. © 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about Morningstar Rating, including its methodology, please go to: The Morningstar Rating Methodology.

Portfolio Composition

All data as of unless otherwise stated

Documents

Tax Centre

KIIDs

Please select one or more documents to take an action.

The highlighted items cannot be added to my contents.

The highlighted items cannot be ordered.

Please resubmit request to proceed.

PIMCO Subscription Centre

Manage your subscription today
MANAGE NOW

Resources

Key resources to help support your business
LEARN MORE

Our Latest Economic Outlook

Every quarter we invite the world’s leading macroeconomic and policy experts to challenge our house view.
LEARN MORE

Disclosures

For full details of the investment objective and investment policy of the fund described on this page, please refer to the prospectus and key investor information document for the fund available on the Fund Literature page of this website.

A rating is not a recommendation to buy, sell or hold a fund. Past performance is not an indicator of future results.

Distributed by PIMCO Europe Ltd, 11 Baker Street, London, W1U 3AH, England.

Unless otherwise stated in the prospectus or in the relevant key investor information document, the Fund referenced in this material is not managed against a particular benchmark or index, and any reference to a particular benchmark or index in this material is made solely for risk or performance comparison purposes. This material may contain additional information, not explicit in the prospectus, on how the Fund or strategy is currently managed. Such information is current as at the date of the presentation and may be subject to change without notice.

RISK Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Commodities contain heightened risk, including market, political, regulatory and natural conditions, and may not be suitable for all investors. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Equities may decline in value due to both real and perceived general market, economic and industry conditions. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Sovereign securities are generally backed by the issuing government. Obligations of U.S. government agencies and authorities are supported by varying degrees, but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value. High yield, lower-rated securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Mortgage- and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and while generally supported by a government, government-agency or private guarantor, there is no assurance that the guarantor will meet its obligations. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. Swaps are a type of derivative; swaps are increasingly subject to central clearing and exchange-trading. Swaps that are not centrally cleared and exchange-traded may be less liquid than exchange-traded instruments. Inflation-linked bonds (ILBs) issued by a government are fixed income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. government. Certain U.S. government securities are backed by the full faith of the government. Obligations of U.S. government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value.

The above narration contains the current opinions of the manager and such opinions are subject to change without notice. The above narration has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this presentation may be reproduced in any form, or referred to in any other publication, without express written permission.

Pimco Headquarters

Austin

Bermuda

Chicago

Hong Kong

London

Milan

Munich

New York

São Paulo

Singapore

Solana Beach

Sydney

Taipei

Tokyo

Toronto

Zurich

CLASS

CLASS INCEPTION DATE

MORNINGSTAR RATING

Fund Description

Investor Benefits

The Fund Advantage

BENCHMARK

BENCHMARK DESCRIPTION

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

BASE CURRENCY

ISIN

TICKER

SEDOL

SHARE CLASS CURRENCY

CUSIP

VALOR

WKN

VAG Compliance

Traspasable

Robert Arnott

Chris Brightman

disclosures

Daily Statistics

All data as of 20/11/2020

All data as of

All data as of

Calendar Year Returns %

All data as of

Morningstar Ratings

disclosures

RELATED

PIMCO Subscription Centre

Resources

Our Latest Economic Outlook