GIS Euro Short-Term Fund

ISIN: IE00B11XYZ73

Updated 23 May 2018

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  • DAILY NAV (EUR)
    11.09
  • DAILY YTD RETURN
    -0.89%
  • TOTAL NET ASSETS (EUR)
    1,441 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (EUR)
    1,441 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/03/2006
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/03/2006

Objective

The investment objective of the Euro Short-Term Fund is to seek maximum current income consistent with the preservation of capital and daily liquidity.

Overview

Fund Description

The Euro Short-Term Fund employs a multi-strategy fixedincome approach to enhanced cash returns. The fund invests at least two-thirds of its assets in a diverse portfolio of eurodenominated, investment grade fixed-income securities, has an average portfolio duration of one and a half years or less, and may hold up to 10% in high yield and emerging markets.

Investor Benefits

The fund focuses on preserving capital and minimizing downside risk, while targeting consistent excess returns over cash.

The Fund Advantage

This fund operates within a rigorous risk management framework while employing active strategies, which provides potential for stable enhanced returns over cash.

PRIMARY BENCHMARK

1 Month Euribor Rate Index

PRIMARY BENCHMARK DESCRIPTION

Euribor(Euro Interbank Offered Rate) is the benchmark rate of the large euro money market. It is sponsored by the European Banking Federation, which represents 2,800 banks in the fifteen Member States of the European Union and the EMU division of ACI, the financial Markets Association. A representative sample of prime banks will provide daily quotes - for thirteen maturities from one week to one year - at which interbank term deposits denominated in euro are being offered within the euro zone between prime banks. The average rate is calculated after elimination of the highest/lowest quotations (15% each side). Euribor is quoted for spot value (T+2) and on an actual/360 day-count convention, and are displayed from 4 January 1999 to three decimals. It will be disseminated at 11:00 a.m., Brussels time.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

31/03/2006

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B11XYZ73

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

Andrew Bosomworth

Head of Portfolio Management, Germany

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 0.21%
Current Yield2 as of 30/04/2018 1.30%
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 1.15%

Prices & Performance

Daily Statistics

All data as of 23/05/2018

NAV (EUR) 11.09 One Day Return -0.09%
Daily Change (EUR) -0.01 Daily YTD Return -0.89%
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 76.14
1-3 yrs 23.75
3-5 yrs 0.11
5-10 yrs 0.00
10-20 yrs 0.00
20+ yrs 0.00
Effective Maturity (yrs) 0.72

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 0.46
Sharpe Ratio3 -3.34
Information Ratio4 -1.70
Tracking Error5 0.47

Top 10 Country by Currency of Settlement (DWE%)

Sweden 33.17
European Union 19.57
Germany 14.38
France 11.62
Netherlands 7.32
Italy 5.07
Spain 4.10
United Kingdom 1.23
Switzerland 0.67
Finland 0.55

Duration Yrs

0-1 yrs 0.24
1-3 yrs 0.46
3-5 yrs 0.00
5-7 yrs 0.00
7-8 yrs 0.00
8-10 yrs 0.00
10+ yrs 0.00
Effective Duration (yrs) 0.71

Sector Allocation - Duration in Years

Government Related6 0.14
Mortgage 0.06
Invest. Grade Credit