GIS Euro Income Bond Fund

ISIN: IE00B8168W04

Updated 18 May 2018

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  • DAILY NAV (EUR)
    10.87
  • DAILY YTD RETURN
    -0.44%
  • TOTAL NET ASSETS (EUR)
    1,394 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (EUR)
    1,394 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    29/05/2012
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    29/05/2012

Objective

The primary investment objective of the Euro Income Bond Fund is to maximise current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective.

Overview

Fund Description

The Euro Income Bond Fund targets a consistent annual distribution yield achieved via an actively managed portfolio of predominantly euro-denominated, investment grade bonds with an average duration of one to eight years. The fund targets higher coupon securities that generate income for the portfolio. The fund will allocate a minimum of 50% to Investment Grade securities, and a maximum of 25% to Emerging Market securities and a maximum of 30% noneuro currency exposure.

Investor Benefits

The fund offers an actively managed and diversified strategy with a primary goal of income generation, and a secondary goal of capital appreciation over a full market cycle.

The Fund Advantage

The fund’s diversified strategy and extensive fixed income opportunity set can offer significant potential for investors seeking consistent income and outperformance.

PRIMARY BENCHMARK

Bloomberg Barclays Euro Aggregate 1‑10 Year Bond Index

PRIMARY BENCHMARK DESCRIPTION

The Bloomberg Barclays Euro Aggregate 1-10yr bond index represents the Euro Aggregate 1-10yr component of the Bloomberg Barclays Pan-European Aggregate index. The Bloomberg Barclays Euro-Aggregate Index consists of bonds issued in the euro or the legacy currencies of the 17 sovereign countries participating in the European Monetary Union (EMU). All issues must be investment grade rated, fixed-rate securities with at least one year remaining to maturity. The Euro-Aggregate Index excludes convertible securities, floating rate notes, perpetual notes, warrants, linked bonds, and structured products. German Schuldscheine (quasi-loan securities) are also excluded because of their trading restrictions and unlisted status, which results in illiquidity. The country of issue is not an index criterion, and securities of issuers from outside the Eurozone are included if they meet the index criteria. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

29/05/2012

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B8168W04

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

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 2.62%
Annualised Distribution Yield as of 30/04/2018 2.79%
Current Yield2 as of 30/04/2018 3.11%
Average Annualised Distribution Yield as of 30/04/2018 3.59%
Latest Dividend Distribution as of 27/04/2018 (EUR) 0.02532
Dividend Distribution (YTD) as of 27/04/2018 (EUR) 0.10129
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 0.84%

Prices & Performance

Daily Statistics

All data as of 18/05/2018

NAV (EUR) 10.87 One Day Return 0.00%
Daily Change (EUR) 0.00 Daily YTD Return -0.44%
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 0.02
1-3 yrs 19.48
3-5 yrs 34.93
5-10 yrs 55.31
10-20 yrs -9.10
20+ yrs -0.64
Effective Maturity (yrs) 5.04

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 3.60
Sharpe Ratio3 0.77
Information Ratio4 0.70
Tracking Error5 3.22

Top Industry Sectors
Market Value %

Banks 22.47
Media Cable 7.50
Automotive 6.68
Real Estate 4.43
Wirelines 3.89
Financial Other 2.95
Chemicals 2.51
Pharmaceuticals 2.25
Retailers 1.87
Integrated Oil 1.84

Duration %

0-1 yrs 2.95
1-3 yrs 23.35
3-5 yrs