PIMCO All Asset Instl Fund: '05 Mid-year Review
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at PIMCO All Asset Institutional [PAAIX]. This fund is classified as Moderate Allocation.
Learn about my other funds...
Dodge & Cox Balanced [DODBX] -- Moderate Allocation*
Dodge & Cox International Stock [DODFX] - Large Stock Value
Fidelity Diversified International [FDIVX] -- Large Stock Growth*
* Indicates that this fund is closed to new investors
PIMCO ALL ASSET
PAAIX represents a core holding in my mutual fund portfolio. My goal with core money is to beat CDs / bonds, but avoid the risk of losing big.
PAAIX is unusual in that it is a fund of funds. This fund is kind of a "side bet" for me. It is fairly new, and I want to get a feel for how it performs under various conditions.
This fund maintains a significant allocation in bonds, so it is not unusual for it to outperform the Dow and SP 500 indices in bear markets.
MARKET HIGHLIGHTS June 30, 2005
The first half of 2005 has been a tough one for many stocks. Select market results include:
- Dow down 4.7%
- S&P 500 down 1.7%
- MSCI EAFE* down 1.17% (U.S. dollars)**
* International index spanning 20+ developed market countries
** Caveat: MSCI EAFE index pulled from Morningstar.com -- I am not 100% sure that Im reading their charts correctly
THE NUMBERS (From Morningstar.com)
PIMCO All Asset Instl
FUND REVIEW
- 05 YTD: Up 3.65%
- 1-Year: Up 13.61%
- Rank
- - 2005 YTD: 3% in category
- - 1-Year: 3% in category
- - Long Term: N/A
COMMENTS
I have only been in this fund for about 18 months. I am very pleased with the performance it has delivered so far.
Disclosure: At this point in my life Im a cautious investor. As such, my views may or may not be applicable to your investment needs. My portfolio also contains a high percentage of non-fund assets. I respect that your needs and tastes may differ.
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Thanks go out to reader Steve who asked: Why do you love Dodge & Cox so much? Steves question came in response to my recent post titled "Dodge & Cox Balanced Fund: '05 Mid-year Review." You can also learn about my D&C International Fund... My ... Read
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Dodge & Cox Balanced [DODBX]. This fund is classified as Moderate Allocation.* Learn about my other funds... PIMCO All Asset Institutional [PAAIX] -- Moderate Allocation Dodge ... Read
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Dodge & Cox International Stock [DODFX]. This fund is classified as Large Stock Value. Learn about my other funds... Dodge & Cox Balanced [DODBX] -- Moderate ... Read
