Fund Evaluator:

PIMCO Intl Stks PL Bd Alp (UnHdg) Inst Overview

PIMCO Intl Stks PL Bd Alp (UnHdg) Inst (PSKIX) is an actively managed International Equity Foreign Large Blend fund. PIMCO launched the fund in 2006.

The investment seeks total return which exceeds that of the Morgan Stanley Capital International Europe Australasia Far East ("EAFE") Index consistent with prudent investment management. The fund invests in non-U.S. equity derivatives, backed by a portfolio of fixed income instruments. In managing the fund's investments in fixed income instruments, PIMCO utilizes an absolute return approach, which is designed to have flexibility with respect to duration, overall sector exposures, non-U.S. exposures and credit quality, both as a function of the strategy's investment guidelines and lack of a fixed income index benchmark.

About PIMCO Intl Stks PL Bd Alp (UnHdg) Inst (PSKIX)

There are 4 members of the management team with an average tenure of 5.64 years: Jing Yang (2018), Daniel Hyman (2025), Bryan Tsu (2018), Marc Seidner (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. PIMCO Intl Stks PL Bd Alp (UnHdg) Inst has 1174 securities in its portfolio. The top 10 holdings constitute 193.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

PIMCO Intl Stks PL Bd Alp (UnHdg) Inst is part of the Equity global asset class and is within the International Equity fund group. PIMCO Intl Stks PL Bd Alp (UnHdg) Inst has 48.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.9%. There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 134.8% (86.7% domestic bond, 48.1% foreign bond and 0.0% convertible bond). PIMCO Intl Stks PL Bd Alp (UnHdg) Inst has -136.0% of the portfolio in cash.

Assets Under Management

The fund has $96 million in total assets, which is below the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PSKIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO Intl Stks PL Bd Alp (UnHdg) Inst expense ratio is above average compared to funds in the Foreign Large Blend category. PIMCO Intl Stks PL Bd Alp (UnHdg) Inst has an expense ratio of 0.79%, which is 16% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO Intl Stks PL Bd Alp (UnHdg) Inst has a portfolio turnover rate of 875%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of July 2026, PIMCO Intl Stks PL Bd Alp (UnHdg) Inst returned 1.4%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

PIMCO Intl Stks PL Bd Alp (UnHdg) Inst has a trailing yield of 4.65%, which is above the 2.17% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

PIMCO Intl Stks PL Bd Alp (UnHdg) Inst Grades

Year to date, the fund has returned 10.6%, 1.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 25.2% over the past year (grade of C), 16.7% over the past three years (grade of B) and 8.5% per year over the past five years (grade of C) and 9.4% per year over the past 10 years (grade of C).

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