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Asset allocation
Cash 25.72%
Stocks -10.61%
Bonds 122.66%
Preferred 1.11%
Convertible 2.10%
Other 10.45%
Security Net Assets
PIMCO StocksPLUS TR Short Strat Instl 12.75%
PIMCO High Yield Instl 12.39%
PIMCO Emerging Markets Currency Instl 12.00%
PIMCO Emerging Local Bond Instl 10.58%
PIMCO EM Fdmtl IndexPLUS TR ST Instl 8.54%
PIMCO CommoditiesPLUS Strategy Instl 7.71%
PIMCO Income Instl 7.33%
PIMCO Emerging Markets Bond Instl 7.25%
PIMCO Intl Fdmtl IdxPLUS TR Strat Instl 5.99%
PIMCO Floating Income Instl 5.70%
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Comments
From the second table it seems that PAUDX is short US stocks, but long International stocks (5.99% in PTSIX) and it especially emphasizes emerging markets stocks (8.54% in PEFIX).
I considered this fund a few times and am bothered by heavy derivative use. Also, I hold directly one of its constituent funds PONDX so I did not need significant duplication.
The "Portfolio" tab gives a basic overview of holdings categorized by "strategy".
The "Documents" tab includes "PIMCO FUNDS PORTFOLIO STATISTICS REPORT" which gives the exact holdings, and is updated every month.
I like the part about how demography drives GDP in different places around the world.
PAUIX is impressive and has billions in AUM to show for it. It and its sibling PAAIX have beaten SP500 by 2-3% annually the past ten years, while demonstrating great down side protection...no load, low fees...great fund shop in PIMCO, smart and articulate manager in Mr. Arnott. What more can you ask for?
Yield...and they produce that too!
I looked for similar funds. Below is list of all asset allocation funds with high yield and low down side volatility. Oldest share class only. Note M* shows some have loads, but check...I know Schwab for example offers Destra Preferred and Income Securities A DPIAX and Principal Global Dividend Inc A PGBAX as No Load No Fee. Other MFO readers have also noted the latter's no-load institutional class PGDIX. Note too the ETF PowerShares CEF Income Composite PCEF. I grouped results into older and newer funds, listed top to bottom by APR relative to SP500 over their life times.
But in this case...AOK. Here are the screen-shots showing DPIAX and PGBAX as No Load No Fee:
Hey...I did not know that AOK was a fund symbol until now! AOK is iShares S&P Conservative Allocation ETF. Gotta add that one to my notable list.
The main reason that I chose them is because they have an office about 1/2 block away, so I can get my hands around the manager's neck if it comes to that.