Fund Evaluator:

PIMCO Stocks PLUS Bond Abs Ret Alp I Overview

PIMCO Stocks PLUS Bond Abs Ret Alp I (PSPTX) is an actively managed U.S. Equity Large Blend fund. PIMCO launched the fund in 2002.

The investment seeks total return which exceeds that of the S&P 500 Index. The fund seeks to exceed the total return of the S&P 500 Index by investing under normal circumstances in S&P 500 Index derivatives, backed by a portfolio of fixed income instruments. "Fixed income instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 35% of its total assets.

About PIMCO Stocks PLUS Bond Abs Ret Alp I (PSPTX)

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: S&P 500 (TR) (1970) index with a weighting of 100%. PIMCO Stocks PLUS Bond Abs Ret Alp I has 1419 securities in its portfolio. The top 10 holdings constitute 135.0% 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 Stocks PLUS Bond Abs Ret Alp I is part of the Equity global asset class and is within the U.S. Equity fund group. PIMCO Stocks PLUS Bond Abs Ret Alp I has 45.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.1%. There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 136.7% (91.0% domestic bond, 45.8% foreign bond and 0.0% convertible bond). PIMCO Stocks PLUS Bond Abs Ret Alp I has -137.0% of the portfolio in cash.

Assets Under Management

The fund has $700 million in total assets, which is below the $6 billion average for the 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.

PSPTX 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 Stocks PLUS Bond Abs Ret Alp I expense ratio is high compared to funds in the Large Blend category. PIMCO Stocks PLUS Bond Abs Ret Alp I has an expense ratio of 0.98%, which is 21% higher than its category average, making the fund expense ratio grade a D. 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 Stocks PLUS Bond Abs Ret Alp I has a portfolio turnover rate of 892%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, PIMCO Stocks PLUS Bond Abs Ret Alp I returned -0.7%, which earned it a grade of F, as the Large Blend category had an average return of 0.4%. 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 Stocks PLUS Bond Abs Ret Alp I has a trailing yield of 5.07%, which is above the 0.56% 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 Stocks PLUS Bond Abs Ret Alp I Grades

Year to date, the fund has returned 8.9%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.1% over the past year (grade of B), 20.1% over the past three years (grade of A) and 12.0% per year over the past five years (grade of B) and 15.0% per year over the past 10 years (grade of A).

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