- CUSIP
- 72202L454
- Issuer
- PIMCO
- Inception Date
- Jun 5, 2015
- Region
- North America (United States)
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Min. Investment
- $1,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PMJAX Performance Chart
PIMCO RAE US Small Fund Class A (PMJAX) is up 18.8% since the beginning of the year. PMJAX is currently trading at $13 per share. Investors who bought $1,000 worth of PMJAX shares 5 years ago would now be looking at an investment worth $1,716.
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Returns By Period
PIMCO RAE US Small Fund Class A (PMJAX) has returned 18.76% so far this year and 37.00% over the past 12 months. Over the last ten years, PMJAX has had an annualized return of 13.24%, just under the S&P 500 Index benchmark’s 13.54%.
PIMCO RAE US Small Fund Class A
- 1D
- 0.77%
- 1M
- 4.52%
- YTD
- 18.76%
- 6M
- 15.83%
- 1Y
- 37.00%
- 3Y*
- 20.63%
- 5Y*
- 11.40%
- 10Y*
- 13.24%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
PMJAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, PMJAX's average daily return is +0.07%, while the average monthly return is +1.25%. At this rate, an investment would double in approximately 4.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +19.7%, while the worst month was Mar 2020 at -27.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PMJAX closed higher 50% of trading days. The best single day was Dec 9, 2021 with a return of +63.2%, while the worst single day was Dec 10, 2021 at -40.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.16% | 2.10% | -4.20% | 10.90% | 3.63% | 2.41% | 18.76% | ||||||
| 2025 | 3.02% | -7.12% | -4.31% | -4.40% | 4.08% | 2.92% | 0.88% | 6.69% | 1.27% | -0.81% | 3.89% | -0.40% | 4.89% |
| 2024 | -0.43% | 5.64% | 5.54% | -5.06% | 6.35% | -2.12% | 7.48% | -2.29% | 2.53% | -1.28% | 11.39% | -7.22% | 20.53% |
| 2023 | 9.57% | -4.19% | -4.25% | -3.05% | -2.88% | 10.92% | 7.05% | -2.72% | -1.52% | -5.09% | 6.49% | 10.07% | 19.76% |
| 2022 | -1.43% | 3.80% | 2.37% | -6.00% | 2.24% | -12.38% | 9.13% | -2.29% | -11.84% | 17.55% | 5.09% | -7.32% | -5.07% |
| 2021 | 9.36% | 10.15% | 4.72% | 2.04% | 6.27% | 4.76% | -7.68% | 2.77% | 0.67% | 4.62% | -5.77% | 2.61% | 38.48% |
Benchmark Metrics
PIMCO RAE US Small Fund Class A has an annualized alpha of 3.57%, beta of 1.03, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund captured 108.92% of S&P 500 Index gains and 108.73% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.31 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.57%
- Beta
- 1.03
- R²
- 0.31
- Upside Capture
- 108.92%
- Downside Capture
- 108.73%
Expense Ratio
PMJAX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMJAX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO RAE US Small Fund Class A (PMJAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMJAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 2.66 | +2.18 |
| Martin ratioReturn relative to average drawdown | 14.41 | 11.86 | +2.54 |
Dividends
Dividend History
PIMCO RAE US Small Fund Class A provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.27 | $0.13 | $0.79 | $6.14 | $1.03 | $0.15 | $0.73 | $0.52 | $0.13 |
Dividend yield | 2.79% | 3.31% | 2.48% | 1.40% | 10.08% | 67.74% | 9.44% | 1.37% | 7.72% | 4.51% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO RAE US Small Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.14 | $6.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO RAE US Small Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO RAE US Small Fund Class A was 50.53%, occurring on Sep 26, 2022. Recovery took 917 trading sessions.
The current PIMCO RAE US Small Fund Class A drawdown is 2.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -50.53%Sep 2022 | 9mo 20d | 3y 8mo | 4y 5moDec 2021 - May 2026 |
COVID crash2020 | -48.49%Mar 2020 | 1y 6mo | 8mo 21d | 2y 3moSep 2018 - Dec 2020 |
2021 correction2021 | -14.41%Dec 2021 | 22d | 8d | 1moNov 2021 - Dec 2021 |
2021 correction2021 | -13.66%Aug 2021 | 2mo 4d | 2mo 7d | 4mo 11dJun 2021 - Oct 2021 |
2016 correction2016 | -11.71%Feb 2016 | 1mo 6d | 21d | 1mo 27dJan 2016 - Mar 2016 |
Drawdown Indicators
| PMJAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.53% | -56.78% | +6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -9.10% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -18.90% | -7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -50.53% | -25.43% | -25.10% |
Max Drawdown (10Y)Largest decline over 10 years | -50.53% | -33.92% | -16.61% |
Current DrawdownCurrent decline from peak | -2.08% | -2.49% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -16.95% | -10.72% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.03% | +0.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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