- What does PELAX invest in?
- This PIMCO fund primarily invests a minimum of 80% of its assets in the currencies of, or debt instruments (bonds) issued by or denominated in the currencies of, emerging market nations. To gain this exposure, the fund has the option to utilize various derivative tools like options, futures, forward contracts, and swap agreements. Furthermore, it can invest without any limitation in debt instruments that are economically tied to these developing markets. Notably, the fund is structured as a non-diversified offering.
- What is the expense ratio of PELAX?
- PIMCO Emerging Mkts Lcl Ccy and Bd A (PELAX) charges an expense ratio of 2.00%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PELAX?
- PIMCO Emerging Mkts Lcl Ccy and Bd A (PELAX) manages $2.81B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is PELAX actively managed or an index fund?
- PELAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PELAX's is 2.00%) in exchange for the discretion to over- or under-weight positions.
- When was PELAX launched?
- PIMCO Emerging Mkts Lcl Ccy and Bd A (PELAX) launched in July 2007 and is managed by PIMCO.
- How has PELAX performed?
- PELAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
