GIS Euro Low Duration Fund

ISIN: IE00B90VC092

Updated 19 July 2018

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  • DAILY NAV (EUR)
    10.04
  • DAILY YTD RETURN
    -0.99%
  • TOTAL NET ASSETS (EUR)
    675 MM
    (as of 30/06/2018)
  • TOTAL NET ASSETS (EUR)
    675 MM
    (as of 30/06/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    25/03/2013
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    25/03/2013

Objective

The investment objective of the Euro Low Duration Fund is to seek to maximise total return, consistent with the preservation of capital and prudent investment management.

Overview

Fund Description

The Euro Low Duration Fund is an actively managed, diversified portfolio of primarily short-duration, investment grade bonds. The fund must invest at least two thirds of its assets in euro-denominated fixed income instruments. The average duration of the fund will normally vary within +/-2 years of the benchmark, and may allocate up to 10% to high yield instruments and up to 20% to emerging markets.

Investor Benefits

The fund is actively managed to maximize total return while maintaining risk consistent with the benchmark, and is suitable as a core euro-denominated bond allocation, but with reduced sensitivity to changes in interest rates.

The Fund Advantage

The fund’s diversified strategy can offer significant potential for consistent outperformance over its benchmark, benefiting from the manager’s views on interest rates, currencies, and credit and country trends.

PRIMARY BENCHMARK

Bloomberg Barclays Euro Aggregate ex Treasury 1 - 3 year

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays Euro Aggregate ex Treasury 1-3 Year Index is the 1-3 year component of the Bloomberg Barclays Euro-Aggregate Index excluding Treasuries. The Bloomberg Barclays Euro-Aggregate Index consists of bonds issued in the euro or the legacy currencies of the 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

25/03/2013

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B90VC092

TICKER

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SEDOL

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SHARE CLASS CURRENCY

CUSIP

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VALOREN

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VAG Compliance

Traspasable

Yes

RELATED

Managers

Andrew Bosomworth

Head of Portfolio Management, Germany

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/06/2018 0.66%
Current Yield2 as of 30/06/2018 1.73%
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 1.36%

Prices & Performance

Daily Statistics

All data as of 19/07/2018

NAV (EUR) 10.04 One Day Return 0.00%
Daily Change (EUR) 0.00 Daily YTD Return -0.99%
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 15.99
1-3 yrs 70.58
3-5 yrs 9.54
5-10 yrs 6.69
10-20 yrs 0.01
20+ yrs -2.81
Effective Maturity (yrs) 2.23

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 0.98
Sharpe Ratio3 -1.17
Information Ratio4 -1.41
Tracking Error5 0.70

Top 10 Country by Currency of Settlement (DWE%)

European Union 47.99
Sweden 11.90
France 11.87
Germany 8.50
Netherlands 5.97
Spain 4.97
Italy 3.76
Hungary 1.07
Cyprus 0.96
Switzerland 0.73