Morningstar Rating

Fund Research and Analysis

by Lawrence Jones
Market winds shift rapidly, but PIMCO All Asset adapts to its environment.

Moving quickly and decisively is central to this fund's approach, and it has paid off in the latest tumultuous environment. By early 2009, manager Robert Arnott had positioned   Read more 

Kudos

Experienced management.
Offers exposure to alternative asset classes.
Performance has been promising.
Focused on absolute returns. Read more 

Risks

The fund's A, B, C, and D shares are pricey.
The fund's frequent shifts could potentially disrupt the underlying PIMCO funds.
The fund could stumble if some of PIMCO's firmwide investment views, which are expressed in multiple funds, go awry. Read more 

Strategy

This fund of funds invests in a range of PIMCO Real Return, StocksPlus, and bond funds to execute its active-allocation strategy. Its goal is to beat a TIPS index and the CPI--a common measure of inflation--by   Read more 

Management

PIMCO commissioned Robert Arnott of subadvisor Research Affiliates, LLC to manage the tactical asset allocation of the All Asset fund. Author of several financial articles and former editor-in-chief of the Financial Analysts Journal, Arnott shares PIMCO   Read more 

Inside Scoop

This fund is of a different breed. It focuses on absolute returns and actively moves among a range of alternative investments, such as TIPS, commodities, and real estate,  Read more 

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