GIS Global High Yield Bond Fund

ISIN: IE00B566G866

Updated 17 July 2018

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  • DAILY NAV (EUR)
    21.71
  • DAILY YTD RETURN
    -1.76%
  • TOTAL NET ASSETS (USD)
    4,028 MM
    (as of 30/06/2018)
  • TOTAL NET ASSETS (USD)
    4,028 MM
    (as of 30/06/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    05/01/2011
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    05/01/2011

Objective

The investment objective of the Global High Yield Bond Fund is to seek to maximise total return, consistent with prudent investment management.

Overview

Fund Description

The Global High Yield Bond Fund seeks to maximise total return and limit risk with an emphasis on upper tier high yield bonds. The fund invests at least two-thirds of its assets in a diversified portfolio of global high yield bonds rated lower than Baa by Moody’s or BBB by S&P with a maximum of 20% of its assets in securities rated lower than B.

Investor Benefits

This fund offers compelling diversification benefits and the opportunity to gain exposure to different sectors of the economy.

The Fund Advantage

The fund employs PIMCO’s fundamental research process, including top-down economic views, bottom-up security selection and extensive global resources.

PRIMARY BENCHMARK

ICE BofAML BB‑B Rated Developed Markets High Yield Constrained Index Hedged into EUR

PRIMARY BENCHMARK DESCRIPTION

ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index Hedged into EUR tracks the performance of below investment grade bonds of corporate issuers domiciled in developed market countries having an investment grade foreign currency long term debt rating (based on a composite of Moody's, S&P, and Fitch). The Index includes bonds denominated in U.S. dollars, Canadian dollars, sterling, euro (or euro legacy currency), but excludes all multicurrency denominated bonds. Bonds must be rated below investment grade but at least B3 based on a composite of Moody's, S&P, and Fitch. Qualifying bonds are capitalization-weighted provided the total allocation to an individual issuer (defined by Bloomberg tickers) does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. It is not possible to invest directly in an unmanaged index. Prior to September 25th, 2009, the ICE BofAML Indices were known as the Merrill Lynch Indices.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

05/01/2011

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B566G866

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 R. Jessop

Portfolio Manager, High Yield

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/06/2018 6.40%
Current Yield2 as of 30/06/2018 5.42%
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 0.90%

Prices & Performance

Daily Statistics

All data as of 17/07/2018

NAV (EUR) 21.71 One Day Return 0.00%
Daily Change (EUR) 0.00 Daily YTD Return -1.76%
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 6.80
1-3 yrs 7.51
3-5 yrs 28.31
5-10 yrs 52.81
10-20 yrs 3.29
20+ yrs 1.27
Effective Maturity (yrs) 5.89

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 4.32
Sharpe Ratio3 0.57
Information Ratio4 -0.47
Tracking Error5 0.90

Top Industry Sectors
Market Value %

Healthcare 8.22
Media Cable 7.98