In a filing dated Feb. 4, 2021, Pimco announced that Marc Seidner, Pimco’s CIO of nontraditional strategies, has joined Mohsen Fahmi, Bryan Tsu, and Jing Yang on the StocksPLUS investment team. Seidner’s appointment as comanager should help ensure a smooth transition ahead of Fahmi’s planned retirement at the end of the year. Seidner and Fahmi have worked together as comanagers on Pimco Dynamic Bond PFIUX, which has a Morningstar Analyst Rating of Silver and employs a similar flexible investment process with fewer constraints, since Seidner took over as lead manager in January 2015. The selection of Seidner and the approximately one-year transition period are sensible. As such, we retain the People Pillar rating of Above Average for Pimco StocksPLUS, Pimco StocksPLUS Absolute Return, Pimco StocksPLUS International (unhedged), Pimco StocksPLUS International (USD-hedged), Pimco StocksPLUS Small, and Pimco RAE PLUS. Their Morningstar Analyst Ratings range from Bronze to Neutral depending on the share class fee levels.
PIMCO StocksPLUS® A PSPAX
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PSPAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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Mohsen Fahmi Passing the Reins to Marc Seidner, No Change to Ratings
