GIS Capital Securities Fund

ISIN: IE00BLZH2P13

Updated 25 September 2018

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  • DAILY NAV (USD)
    10.33
  • DAILY YTD RETURN
    -1.58%
  • TOTAL NET ASSETS (USD)
    7,555 MM
    (as of 31/08/2018)
  • TOTAL NET ASSETS (USD)
    7,555 MM
    (as of 31/08/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    19/05/2014
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    19/05/2014

Objective

The investment objective is to seek to provide focused exposure to attractively priced Capital Securities together with maximum total return, consistent with preservation of capital and prudent investment management.

Overview

Fund Description

The PIMCO GIS Capital Securities Fund is an actively managed global portfolio that invests primarily in subordinated debt instruments issued by banks, insurance companies, and other specialty finance companies. Most investments will be concentrated in Tier1, Tier 2, and contingent convertible (“CoCo”) Bonds though the fund maintains flexibility to invest across the capital structure.

Investor Benefits

This fund offer investors diversified exposure to higher yielding capital securities which may provide attractive returns relative to bank equities or traditional high yield bonds. PIMCO’s fundamental research, which combines macroeconomic analysis with bottom-up security selection process, seeks to identify the strongest conviction financial issues without being tied to a capital securities benchmark. Potential benefits of this include:

  • Potential for high income and yield
  • Diversification across issuers and regions
  • Flexibility to allocate across the capital structure based on relative value

The Fund Advantage

This fund is an efficient way to gain exposure to an actively managed and diversified portfolio of higher-yielding capital securities from financial issuers. PIMCO employs proprietary credit research to these issuers and employs dedicated traders to this sector of the credit market, allowing for potentially advantageous issuer and security selection.

PRIMARY BENCHMARK

3 Month USD LIBOR Index

PRIMARY BENCHMARK DESCRIPTION

The 3 Month USD LIBOR (London Interbank Offered Rate) Index is an average interest rate, determined by the ICE Benchmark Administration, that banks charge one another for the use of short-term money (3 months) in England's Eurodollar market. It is not possible to invest in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

19/05/2014

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BLZH2P13

TICKER

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SEDOL

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SHARE CLASS CURRENCY

CUSIP

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VALOREN

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WKN

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VAG Compliance

Traspasable

Yes

RELATED

Managers

Philippe Bodereau

Portfolio Manager, Global Head of Financial Research

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Matthieu Loriferne

Portfolio Manager, Capital Securities and Financials

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Michael Bogecho

Portfolio Manager, Capital Securities and Financials

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Yields & Distributions