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Monthly Fact Card

Diversified Multi-Asset Fund (Canada)

Fund Code: PMO018

Updated 08 May 2024

Monthly Fact Card

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  • DAILY NAV (CAD)
    8.40
  • DAILY YTD RETURN
    0.72%
  • TOTAL NET ASSETS (USD)
    23 MM
    (as of 30-04-2024)
  • TOTAL NET ASSETS (USD)
    23 MM
    (as of 30-04-2024)
  • CLASS
    Multi Asset
  • Series Inception Date
    27-08-2021
  • CLASS
    Multi Asset
  • Series Inception Date
    27-08-2021

Objective

To seek to maximize total return, consistent with prudent investment management by primarily investing in equity and equity-related securities, Fixed Income Instruments, currencies, commodity-related instruments and property-related instruments.

Primary Portfolio

Primarily equity and equity-related securities, Fixed Income Instruments, currencies, commodity-related instruments and property-related instruments.

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Overview

Fund Overview

Diversified Multi-Asset Fund (Canada) “DMAF” is a flexible, cross-asset investment strategy that applies PIMCO’s macro and relative value views across the full spectrum of global liquid asset classes. The Funds dynamic approach seeks to generate attractive risk-adjusted returns for investors while mitigating downside risk.

Why Invest In This Fund

Flexible, macro-driven asset allocation strategy

The global economic landscape is evolving rapidly, with opportunities and risks shifting across different asset classes, regions, and sectors. This fund combines PIMCO’s time-tested macro investment process with a flexible approach in order to seek out the most attractive risk-adjusted return opportunities

Asymmetric approach to risk

Risk is not constant. A defensive mindset and dynamic approach can be critical to help smooth the path of returns over the long term. The Fund’s risk posture is dynamic across market cycles and will seek to scale overall portfolio risk based on the expected compensation for downside risk.

Emphasizes PIMCO’s best ideas across asset classes in seeking to deliver attractive risk adjusted returns

The team leverages PIMCO’s full depth and breadth of global investment resources to seek the most attractive opportunities across and within asset classes. The Fund’s broad investment universe and flexible mandate can allow it to employ PIMCO’s best ideas across all liquid asset classes in a single strategy.

PRIMARY BENCHMARK

Canadian Overnight Repo Rate (CORRA)

PRIMARY BENCHMARK DESCRIPTION

Canadian Overnight Repo Rate (CORRA) measures the cost of overnight general collateral funding in Canadian dollars using Government of Canada treasury bills and bonds as collateral for repurchase transactions.

DISTRIBUTION FREQUENCY

Quarterly

SERIES INCEPTION

27-08-2021

Managers

Erin Browne

Portfolio Manager, Asset Allocation

View Profile for Erin Browne

Emmanuel S. Sharef

Portfolio Manager, Asset Allocation and Multi Real Asset

View Profile for Emmanuel S. Sharef

Yields & Distributions

Historical Prices & Distributions

Latest Distributions ($/Unit)1 as of 28-03-2024 (CAD) 0.1481
Distribution (YTD) 2 as of 28-03-2024 (CAD) 0.1481

Fees & Expenses

Management Fee (%)3 1.95%
Management Expense Ratio (%)4 2.23%

disclosures

3The Annual Management Fee is used to pay for investment management services and general administration of the fund, this fee does not include taxes.
4As of 12/31/2023. Management expense ratio is based on total expenses which includes the Management Fee (excluding commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average net asset value during the period.

Prices & Performance

Daily Statistics

All data as of 08-05-2024

NAV $8.40 One Day Return 0.01%
Daily Change $0.00 Daily YTD Return 0.72%

All data as of

All data as of

The above information is additional to, and should be read only in conjunction with, the performance data presented under Calendar Year Returns % below.

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future returns. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar Ratings

disclosures

A sales communication that includes a rate of return or a mathematical table illustrating the potential effect of a compound rate of return must contain a statement in substantially the following words: “[The rate of return or mathematical table shown] is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of [the investment fund or asset allocation service] or returns on investment [in the investment fund or from the use of the asset allocation service].”

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies.

A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.​
© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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Disclosures

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available on pimco.ca or from your Financial Advisor.

All Investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product.


The Funds offer different series, which are subject to different fees and expenses (which may affect performance), having different minimum investment requirements and are entitled to different services


The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.


PIMCO Canada Corp, 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350