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This is a MUST READ for those who own or want to own PIMIX.
I got burned by many PIMCO funds including PCLDX, managed futures and Rob Arnott funds. In all fairness, PONAX was a good find which I still hold, but I no longer go "shopping" at PIMCO. PIMCO was mostly the fund house that convinced me to go with a modified 4 fund portfolio.
Never invested with any Research Affiliates/Rob Arnott advised funds, as I still can't agree with his assessment of the investing world and thus investment choices being made by him/them.