Profile and investment
| Fund type | Open Ended Investment Company |
|---|---|
| Investment style (bonds) | Credit Quality: Mid Interest-Rate Sensitivity: Ltd |
| Morningstar category | Large Value |
| Launch date | 30 Jun 2005 |
| Price currency | USD |
| Domicile | United States |
| Symbol | PIXAX |
| Manager & start date | Robert Arnott 26 Sep 2014 Jing Yang 20 Jul 2018 Bryan Tsu 20 Jul 2018 Marc Seidner 04 Feb 2021 Daniel Hyman 01 Aug 2025 Jim Masturzo 20 Nov 2025 |
| Pricing frequency | Daily |
|---|---|
| Total net assets | 1.15bn USD As of Jan 31 2026 |
| Share class size | 476.01m USD As of Jan 31 2026 |
| Net expense ratio | 1.43% |
| Front end load | 3.75% |
| Deferred load | -- |
| Maximum Redemption Fee | -- |
| Min. initial investment | 1,000.00 USD |
| Min. additional investment | 50.00 USD |
| Initial IRA | -- |
| Additional IRA | -- |
| Available for sale | United States |
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Top 5 holdings
| Top 5 holdings as a per cent of portfolio | |||
|---|---|---|---|
| 30.49% | 83.98% | 33.75% | 117.73% |
| Category average | % Net assets | % Short | % Long |
| Company | 1 year change | Portfolio weight | Short allocation | Long allocation |
|---|---|---|---|---|
| ERAUSLT TRS EQUITY SOFR+72 *BULLET* JPM | -- | 36.26% | ||
| ORO FWD USD 1Y P 3.16250 L 08/23/27 DUB | -- | -33.75% | ||
| ORO FWD USD 1Y C 3.16250 L 08/23/27 DUB | -- | 33.23% | ||
| ERAUSLT TRS EQUITY FEDL01+80 *BULLET*JPM | -- | 26.84% | ||
| Federal National Mortgage Association 6% | -- | 21.40% | ||
| Per cent of portfolio in top 5 holdings: 83.98% |
Asset type
| US bond | 122.13% |
| US stock | 99.98% |
| Non-US bond | 32.70% |
| Non-US stock | 0.00% |
| Cash | -158.89% |
| Other | 4.08% |
Top 5 sectors
| Agency Mortgage-Backed | 96.19% |
| Cash & Equivalents | 73.43% |
| Government Related | 71.92% |
| Future/Forward | 33.50% |
| Asset-Backed | 20.16% |
| Other | 37.55% |
Top 5 regions
| United States | 100.44% |
Sector and region weightings are calculated using only long position holdings of the portfolio.
