Pimco All Asset All Authority’s subadvisor Research Affiliates employs an unconstrained, systematic, valuation-based process to asset allocation and employs a similar approach for many of its underlying equity and alternative strategies. Relative to Pimco All Asset, this fund uses leverage and can take a short position in the S&P 500, which results in even more pronounced tilts in niche and deep-value assets, and higher volatility. We are maintaining our Morningstar Analyst Rating of Neutral across all share classes.
Will PAUCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAUCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PAUCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PAUCX’s parent organization’s priorities and whether they’re in line with investors’ interests.