GIS Global Bond Ex-US Fund

ISIN: IE00B018M403

Updated 23 April 2018

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  • DAILY NAV (USD)
    20.37
  • DAILY YTD RETURN
    0.89%
  • TOTAL NET ASSETS (USD)
    984 MM
    (as of 31/03/2018)
  • TOTAL NET ASSETS (USD)
    984 MM
    (as of 31/03/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    14/09/2004
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    14/09/2004

Objective

The investment objective of the Global Bond Ex-US Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management.

Overview

Fund Description

The Global Bond Ex-US Fund is a diverse actively managed portfolio of global fixed-income securities. The fund invests primarily in investment grade bonds denominated in major world currencies. The average duration of the fund will normally vary within +/- 3 years of the benchmark. The non-US dollar exposure is limited to 20% of total assets.

Investor Benefits

This fund offers efficient exposure to a sector that can be difficult to access directly and potential for enhanced returns through diversification.

The Fund Advantage

The fund captures the returns of global bonds but limits volatility by limiting currency exposure as it seeks to outperform its benchmark.

PRIMARY BENCHMARK

Bloomberg Barclays Global Aggregate ex‑USD (USD Hedged) Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays Global Aggregate ex-USD (USD Hedged) Index provides a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the US Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian government, agency and corporate securities, and USD investment grade 144A securities.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

14/09/2004

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B018M403

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 Balls

CIO Global Fixed Income

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Sachin Gupta

Head of Global Portfolio Management Desk

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Lorenzo Pagani

Head of European Government Bond Portfolio Management

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/03/2018 4.03%
Current Yield2 as of 31/03/2018 2.40%
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 0.99%

Prices & Performance

Daily Statistics

All data as of 23/04/2018

NAV (USD) 20.37 One Day Return -0.15%
Daily Change (USD) -0.03 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 39.89
1-3 yrs -1.69
3-5 yrs 4.77
5-10 yrs 40.56
10-20 yrs 7.30
20+ yrs 9.17
Effective Maturity (yrs) 7.31

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 2.96
Sharpe Ratio3 0.76
Information Ratio4 0.14
Tracking Error5 1.08

Top 10 Country by Currency of Settlement (DWE%)

Japan 21.93
European Union 14.61
Germany 14.52
France 8.20
Italy 7.48
United Kingdom 6.93
United States 6.85
Spain 3.99
Canada 3.78
Sweden 3.21

Duration %

0-1 yrs 2.40
1-3 yrs 4.98
3-5 yrs 38.06
5-7 yrs 18.13
7-8 yrs 3.91
8-10 yrs -3.46
10+ yrs 35.98
Effective Duration (yrs) 6.40

Sector Allocation
Duration %

Government Related6 60.05
Inflation Linked 5.24
Securitised 10.53
Covered Bonds and Pfandbriefe 8.10
Investment Grade Credit 8.25
High Yield Credit 1.84
Municipals 0.01
EM External 3.12
EM Local 0.57
Other 0.36
Net Other Short Duration Instruments7 1.94

Top 10 Country by Currency of Settlement (FX%)

China 2.00
United Kingdom 1.98
Mexico 1.60
Russia 1.22
Norway 0.75
Sweden 0.71
Australia 0.60
Argentina 0.50
Turkey 0.47