GIS Diversified Income Fund

ISIN: IE00B1Z6D669

Updated 19 November 2018

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  • DAILY NAV (EUR)
    14.63
  • DAILY YTD RETURN
    -4.88%
  • TOTAL NET ASSETS (USD)
    6,730 MM
    (as of 31/10/2018)
  • TOTAL NET ASSETS (USD)
    6,730 MM
    (as of 31/10/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    03/07/2007
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    03/07/2007

Objective

The investment objective of the Diversified Income Fund is to seek to maximise total return, consistent with prudent investment management

Overview

Fund Description

The Diversified Income 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. The Fund holds both non-US dollar denominated fixed income securities and nonUS dollar currency positions

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, interest rates, duration, currencies and curve positioning.

PRIMARY BENCHMARK

1/3 each - Bloomberg Barclays Global Aggregate Credit ex Emerging Markets, EUR Hedged; ICE BofAML BB‑B Rated Developed Markets High Yield Constrained Index, EUR Hedged; and JPMorgan EMBI Global, EUR Hedged

PRIMARY BENCHMARK DESCRIPTION

The Bloomberg Barclays Global Aggregate Credit ex Emerging Markets (EUR Hedged) provides a broad-based measure of the global developed markets investment-grade fixed income markets. The ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index (EUR Hedged) tracks the performance of below investment grade bonds of corporate issuers domiciled in developed market countries 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 (EUR Hedged) 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. It is not possible to invest in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

03/07/2007

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B1Z6D669

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

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