GIS Diversified Income Fund

ISIN: IE00B97J1N24

Updated 16 July 2018

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  • DAILY NAV (EUR)
    9.24
  • DAILY YTD RETURN
    -2.61%
  • TOTAL NET ASSETS (USD)
    6,999 MM
    (as of 30/06/2018)
  • TOTAL NET ASSETS (USD)
    6,999 MM
    (as of 30/06/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    15/02/2013
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    15/02/2013

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

15/02/2013

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B97J1N24

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 of European Credit Portfolio Management

View Profile

Alfred T. Murata

Portfolio Manager, Mortgage Credit

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Daniel J. Ivascyn

Group Chief Investment Officer

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Sonali Pier

Portfolio Manager, Multi-Sector Credit

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/06/2018 6.58%
Annualised Distribution Yield as of 30/06/2018 4.22%
Current Yield2 as of 30/06/2018 4.40%
Average Annualised Distribution Yield as of 30/06/2018 3.69%
Latest Dividend Distribution as of 28/06/2018 (EUR) 0.09652
Dividend Distribution (YTD) as of 28/06/2018 (EUR) 0.17775
Yields & Distributions Footnotes & Disclosures

disclosures

1PIMCO calculates a Fund's Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data.
2The estimate of current yield is based on PIMCO's best judgment for the securities in the portfolio on the date shown. PIMCO makes no representation on the accuracy or the methodology used.

Fees & Expenses

Unified Fee 1.04%

Prices & Performance

Daily Statistics

All data as of 16/07/2018

NAV (EUR) 9.24 One Day Return -0.11%
Daily Change (EUR) -0.01 Daily YTD Return -2.61%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End

All data as of

  • Daily
  • Month End

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar Ratings

Prices & Performance Footnotes & Disclosures

disclosures

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Performance data current to the most recent month-end is available by calling +44 203 3640 1552.
A rating is not a recommendation to buy, sell or hold a fund. © 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about Morningstar Rating, including its methodology, please go to: The Morningstar Rating Methodology.

Portfolio Composition

All data as of unless otherwise stated

Maturity %

0-1 yrs 0.00
1-3 yrs 0.00
3-5 yrs 37.89
5-10 yrs 57.65
10-20 yrs -3.34
20+ yrs 7.80