GIS Global Libor Plus Bond Fund

ISIN: IE00BF2FJG67

Updated 23 April 2018

Loading...

  • {{ currentShareClassCode }}

  • DAILY NAV (EUR)
    9.82
  • DAILY YTD RETURN
    -1.21%
  • TOTAL NET ASSETS (USD)
    686 MM
    (as of 31/03/2018)
  • TOTAL NET ASSETS (USD)
    686 MM
    (as of 31/03/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    20/10/2017
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    20/10/2017

Objective

The fund seeks to maximise long term return, consistent with preservation of capital and prudent investment management. The fund is an absolute return orientated global fixed income strategy. The fund will seek to achieve returns in excess of the 1 month USD Libor (a measure of return in money market securities) over the medium to long term.

Overview

Fund Description

The PIMCO Global Libor Plus Bond Fund is an absolute return-oriented low duration high quality bond strategy. It seeks to provide consistent outperformance relative to traditional money market investments in a conservative and diversified manner. The fund utilizes PIMCO’s global secular forecast and integrated investment process across multiple sectors with duration that may range from -1 to +5 years.

Investor Benefits

The fund aims to offer attractive risk-adjusted return, with a focus on capital preservation and strong diversification potential within an overall portfolio context.

The Fund Advantage

The fund’s broader investment discretion to adjust duration exposure, allocate across sectors and express other active views offers flexibility to generate attractive risk-adjusted returns.

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

20/10/2017

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

{{ overviewDataJSON.oldest_shareclass_inception_date }}

BASE CURRENCY

ISIN

IE00BF2FJG67

TICKER

{{ overviewDataJSON.symbol }}

SEDOL

{{ overviewDataJSON.sedol }}

SHARE CLASS CURRENCY

CUSIP

{{ overviewDataJSON.cusip }}

VALOREN

{{ overviewDataJSON.valoren }}

WKN

{{ overviewDataJSON.wkn }}

VAG Compliance

Traspasable

No

RELATED

Managers

Marc P. Seidner

CIO Non-traditional Strategies

View Profile

Mike Amey

Head of Sterling Portfolio Management and ESG Strategies

View Profile

Mohit Mittal

Portfolio Manager, Liability Driven Investment and Credit

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/03/2018 3.82%
Current Yield2 as of 31/03/2018 2.22%
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 1.20%

Prices & Performance

Daily Statistics

All data as of 23/04/2018

NAV (EUR) 9.82 One Day Return -0.10%
Daily Change (EUR) -0.01 Daily YTD Return -1.21%
Click here to view Historical Prices

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 46.21
1-3 yrs 11.58
3-5 yrs 33.03
5-10 yrs 12.08
10-20 yrs -0.92
20+ yrs -1.97
Effective Maturity (yrs) 1.73

Sector Allocation - Duration in Years

Government Related3 -0.25
Mortgage 0.56
Invest. Grade Credit 0.47
High Yield Credit 0.17
Emerging Markets4 0.17
Municipal/Other5 0.03
Net Other Short Duration Instruments6 0.07

Top 10 Country by Currency of Settlement (FX%)

United States 1.82
Argentina 1.10
Russia 0.96
Brazil 0.60
Turkey 0.40
Canada -0.41
Australia -0.42
Japan -0.51
Singapore -0.63
Taiwan -0.64

Duration Yrs

0-1 yrs 0.09
1-3 yrs 0.24
3-5 yrs 1.66
5-7 yrs 0.44
7-8 yrs 0.04
8-10 yrs -0.66
10+ yrs -0.60
Effective Duration (yrs) 1.21

Top 10 Country by Currency of Settlement (Duration in Yrs)

United States 2.19
European Union 0.14
Mexico 0.06
Netherlands 0.02
Spain 0.01
Germany 0.01
France 0.01
United Kingdom -0.31
Italy -0.42
Japan -0.50
Portfolio Composition Footnotes & Disclosures

disclosures

3May include nominal and inflation-protected Treasuries, Treasury futures and options, agencies, FDIC-guaranteed and government-guaranteed corporate securities, and interest rate swaps.
4Short duration emerging markets instruments includes an emerging market security or other instrument economically tied to an emerging market country by country of risk with an effective duration less than one year and rated investment grade or higher or if unrated, determined to be similar quality by PIMCO. Emerging Markets includes the value of short duration emerging markets instruments previously reported in another category.
5May include municipals, convertibles, preferreds, and yankee bonds.
6Net Other Short Duration Instruments includes securities and other instruments (except instruments tied to emerging markets by country of risk) with an effective duration less than one year and rated investment grade or higher or, if unrated, determined by PIMCO to be of comparable quality, commingled liquidity funds, uninvested cash, interest receivables, net unsettled trades, broker money, short duration derivatives (for example Eurodollar futures) and derivatives offsets. With respect to certain categories of short duration securities, the Adviser reserves the discretion to require a minimum credit rating higher than investment grade for inclusion in this category. Derivatives Offsets includes offsets associated with investments in futures, swaps and other derivatives. Such offsets may be taken at the notional value of the derivative position which in certain instances may exceed the actual amount owed on such positions.

Documents

See More

Please select one or more documents to take an action.

The highlighted items cannot be added to my contents.

The highlighted items cannot be ordered.

Please resubmit request to proceed.