GIS Emerging Local Bond Fund

ISIN: IE00B3K58T01

Updated 18 May 2018

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  • DAILY NAV (USD)
    7.44
  • DAILY YTD RETURN
    -4.61%
  • TOTAL NET ASSETS (USD)
    3,348 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (USD)
    3,348 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    08/07/2010
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    08/07/2010

Objective

The investment objective of the Emerging Local Bond Fund is to seek to maximise total return, consistent with prudent investment management.

Overview

Fund Description

The Emerging Local Bond Fund offers efficient exposure to fast growing emerging markets by investing 80% of its assets in fixed income securities denominated in the local currencies of emerging countries. The fund may use derivatives such as options, futures, or swaps, and may or may not hedge its exposure to non-US currencies.

Investor Benefits

This fund offers exposure to high interest rates in EM countries and to appreciation of EM currencies, with a low correlation to other asset classes.

The Fund Advantage

The fund leverages PIMCO’s disciplined investment process and expertise in local market inefficiencies to overcome complex investment entry barriers.

PRIMARY BENCHMARK

JPMorgan Government Bond Index‑Emerging Markets Global Diversified Index (Unhedged)

PRIMARY BENCHMARK DESCRIPTION

JPMorgan Government Bond Index-Emerging Markets Global Diversified Index (Unhedged) is a comprehensive global local emerging markets index, and consists of regularly traded, liquid fixed-rate, domestic currency government bonds to which international investors can gain exposure. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

08/07/2010

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B3K58T01

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

Michael A. Gomez

Head of Emerging Markets Portfolio Management

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Francesc Balcells

Portfolio Manager, Emerging Markets

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Pramol Dhawan

Portfolio Manager, Emerging Markets

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 7.34%
Annualised Distribution Yield as of 31/03/2018 4.65%
Current Yield2 as of 30/04/2018 5.09%
Average Annualised Distribution Yield as of 31/03/2018 3.82%
Latest Dividend Distribution as of 28/03/2018 (USD) 0.09499
Dividend Distribution (YTD) as of 28/03/2018 (USD) 0.09499
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 1.89%

Prices & Performance

Daily Statistics

All data as of 18/05/2018

NAV (USD) 7.44 One Day Return -1.20%
Daily Change (USD) -0.09 Daily YTD Return -4.61%
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 10.24
3-5 yrs 33.30
5-10 yrs 37.86
10-20 yrs 17.19
20+ yrs 1.41
Effective Maturity (yrs) 7.25

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 11.52
Sharpe Ratio3 0.18
Information Ratio4 -1.00
Tracking Error5 1.29

Top 10 Direct EM Country Exposure (DWE%)

South Africa 15.83
Mexico 12.12
Poland 12.09
Indonesia 7.25
Colombia 6.89
Brazil 6.25
Russia 5.62
Thailand 5.55
Turkey 4.78
Malaysia 4.28

Duration %

0-1 yrs 3.05
1-3 yrs 6.19
3-5 yrs 38.26
5-7 yrs 17.49
7-8 yrs 15.96
8-10 yrs 16.82
10+ yrs 2.23
Effective Duration (yrs) 5.41