GIS Global High Yield Bond Fund

ISIN: IE00B8QCQM93

Updated 17 August 2018

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  • DAILY NAV (USD)
    13.28
  • DAILY YTD RETURN
    0.68%
  • TOTAL NET ASSETS (USD)
    3,970 MM
    (as of 31/07/2018)
  • TOTAL NET ASSETS (USD)
    3,970 MM
    (as of 31/07/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    30/11/2012
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    30/11/2012

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 USD

PRIMARY BENCHMARK DESCRIPTION

ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index Hedged into USD 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

30/11/2012

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B8QCQM93

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

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