GIS Diversified Income Duration Hedged Fund

ISIN: IE00B5MZQB05

Updated 17 August 2018

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  • DAILY NAV (USD)
    10.13
  • DAILY YTD RETURN
    -0.16%
  • TOTAL NET ASSETS (USD)
    1,359 MM
    (as of 31/07/2018)
  • TOTAL NET ASSETS (USD)
    1,359 MM
    (as of 31/07/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/05/2011
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/05/2011

Objective

The investment objective of the Diversified Income Duration Hedged Fund is to seek to maximise current yield, consistent with prudent investment management

Overview

Fund Description

The Diversified Income Duration Hedged Fund provides efficient access to broad global credit market exposure by investing primarily in a diversified pool of corporate and emerging market fixed-income securities of varying maturities in both the US dollar and non-US dollar space. The Fund maintains limited duration with an attendant limit in interest rate risk.

Investor Benefits

This Fund offers a higher yielding alternative to core fixed income portfolios and low correlation to US, Japanese and German government interest rates.

The Fund Advantage

The Fund benefits from a diversified approach to macroeconomic views on credit trends, currencies, and curve positioning, while the floating rate structure seeks to mitigate interest rate risk.

PRIMARY BENCHMARK

Equally weighted blend of three indices, at constant 0.25 year duration, as calculated by PIMCO: Bloomberg Barclays Global Aggregate Credit ex Emerging Markets, USD Hedged; ICE BofAML BB‑B Rated Developed Markets High Yield Constrained Index, USD Hedged; and JPMorgan EMBI Global, USD Hedged

PRIMARY BENCHMARK DESCRIPTION

The benchmark is an equally weighted blend of the following three indices at constant 0.25 year duration: Bloomberg Barclays Global Aggregate Credit ex Emerging Markets, ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index, JPMorgan EMBI Global; All USD Hedged. The Bloomberg Barclays Global Aggregate Credit ex Emerging Markets provides a broad-based measure of the global investment-grade fixed income markets excluding emerging markets. The ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index tracks the performance of below investment grade bonds of developed markets corporate rated BB1 through B3, based on an average of Moody's, S&P and Fitch. Qualifying bonds are capitalization-weighted provided the total allocation to an individual issuer (defined by Bloomberg tickers) does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. The index is rebalanced on the last calendar day of the month. The JPMorgan EMBI Global tracks total returns for U.S. dollar-denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities, Brady bonds, loans, Eurobonds and local market instruments. This index only tracks the particular region or country. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

31/05/2011

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B5MZQB05

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

Eve Tournier

Head o