Fund Evaluator:
PIMCO RAE PLUS I-3 (PXTNX)
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Fund Details
PIMCO RAE PLUS I-3 Overview
PIMCO RAE PLUS I-3 (PXTNX) is an actively managed U.S. Equity Large Value fund. PIMCO launched the fund in 2018.
The investment seeks total return which exceeds that of the Russell 1000® Value Index. The fund seeks to exceed the total return of the Russell 1000® Value Index under normal circumstances by obtaining exposure to a portfolio of stocks of U.S. companies, and complementing this equity exposure with absolute return bond alpha strategy. It may invest up to 25% of its total assets in securities and instruments that are economically tied to emerging market countries. 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 RAE PLUS I-3 (PXTNX)
There are 6 members of the management team with an average tenure of 5.85 years: Robert Arnott (2014), Jing Yang (2018), Daniel Hyman (2025), Bryan Tsu (2018), Jim Masturzo (2025), Marc Seidner (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. PIMCO RAE PLUS I-3 has 1576 securities in its portfolio. The top 10 holdings constitute 174.1% 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 RAE PLUS I-3 is part of the Equity global asset class and is within the U.S. Equity fund group. PIMCO RAE PLUS I-3 has 45.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 101.3%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 120.3% (74.9% domestic bond, 45.4% foreign bond and 0.0% convertible bond). PIMCO RAE PLUS I-3 has -136.1% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $1 billion average for the Large Value 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.
PXTNX 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 RAE PLUS I-3 expense ratio is high compared to funds in the Large Value category. PIMCO RAE PLUS I-3 has an expense ratio of 1.18%, which is 28% 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 RAE PLUS I-3 has a portfolio turnover rate of 870%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, PIMCO RAE PLUS I-3 returned 4.8%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. 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 RAE PLUS I-3 has a trailing yield of 3.62%, which is above the 1.20% 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 RAE PLUS I-3 Grades
Year to date, the fund has returned 25.3%, 11.0 percentage points better than the category, which translates into a grade of A. The fund has returned 43.1% over the past year (grade of A), 22.7% over the past three years (grade of A) and 13.9% per year over the past five years (grade of A) and 13.8% per year over the past 10 years (grade of A).
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PXTNX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PXTNX Return (NAV) | 4.8% | 10.4% | 43.1% | 22.7% | 13.9% | 13.8% |
| PXTNX Grade | A | A | A | A | A | A |
| +/- Category | 2.0% | 4.1% | 19.3% | 7.0% | 3.1% | 2.5% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| PXTNX Tax Cost Ratio | na | na | 2.5% | 2.6% | 3.0% | na |
PXTNX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PXTNX Return (NAV) | 25.3% | 21.3% | 11.4% | 18.3% | -8.8% | 27.3% | 4.4% | 26.6% | -8.3% | 19.1% | 19.2% |
| PXTNX Grade | A | A | D | A | D | B | B | B | C | B | A |
| +/- Category | 11.0% | 6.1% | -2.7% | 6.5% | -2.8% | 1.5% | 0.5% | 0.9% | 0.2% | 2.7% | 4.7% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 13.8% |
| Total Risk Index: | 1.13 - Above Average |
| Category Risk Index: | 1.15 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 0.85 |
| R-Squared: | 65% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.6% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1270 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 870% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 11.9 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Arnott Robert (2014), Yang Jing (2018), Tsu Bryan (2018), Seidner Marc (2021), Hyman Daniel (2025), Masturzo Jim (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 1576 |
| % in Top 10 Holdings: | 174.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 45.4% |
Portfolio Allocation |
|
| Domestic Stock: | 101.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 74.9% |
| Foreign Bond: | 45.4% |
| Convertible Bond: | 0.0% |
| Other: | 14.5% |
| Cash: | -136.1% |
Purchase Information
| Fund Family: | PIMCO |
| Phone Number: | 888-877-4626 |
| Website: | www.pimco.com |
| Status: | Open |
| Inception Date: | April 27, 2018 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.18% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | PIMCO RAE PLUS Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
