- What does PSPAX invest in?
- The fund's primary goal is to achieve returns greater than those of the S&P 500 Index. It typically pursues this by strategically investing in financial instruments (derivatives) tied to the S&P 500 Index, which are then supported by a robust collection of income-generating assets. This backing portfolio consists of various debt instruments, such as bonds and other securities, issued by both governmental and private organizations within the U.S. and internationally. The fund has the flexibility to allocate up to 30% of its total capital to securities priced in currencies other than the U.S. dollar. Notably, it can invest an even larger share in U.S. dollar-denominated securities issued by foreign entities, as these are not constrained by the same 30% limit.
- What is the expense ratio of PSPAX?
- PIMCO Fds Stockplus Cl A (PSPAX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PSPAX?
- PIMCO Fds Stockplus Cl A (PSPAX) manages $2.90B 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 PSPAX actively managed or an index fund?
- PSPAX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PSPAX's is 1.10%) because there's no security selection cost.
- When was PSPAX launched?
- PIMCO Fds Stockplus Cl A (PSPAX) launched in May 1993 and is managed by PIMCO.
- How has PSPAX performed?
- PSPAX'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.
