GIS Low Average Duration Fund

ISIN: IE00B0122Y20

Updated 18 May 2018

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  • DAILY NAV (USD)
    14.49
  • DAILY YTD RETURN
    -0.96%
  • TOTAL NET ASSETS (USD)
    1,656 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (USD)
    1,656 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    13/05/2004
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    13/05/2004

Objective

The investment objective of the Low Average Duration Fund is to seek to maximise total return, consistent with the preservation of capital and prudent investment management.

Overview

Fund Description

The Low Average Duration Fund is a diverse portfolio of short-duration, high-quality, fixed-income instruments. The fund typically invests at least two-thirds of its assets in a diverse portfolio of fixed income instruments with an average duration of one to three years, and may include forwards or derivatives such as options, futures contracts or swap agreements.

Investor Benefits

This fund is actively managed to maximise total return by employing macroeconomic analysis and issue selection suitable for all market conditions.

The Fund Advantage

The fund employs multiple concurrent strategies, taking modest risk in each in order to reduce the risk of poor performance due to any single source.

PRIMARY BENCHMARK

ICE BofAML 1‑3 Year U.S. Treasury Index

PRIMARY BENCHMARK DESCRIPTION

The ICE BofAML 1-3 Year U.S. Treasury Index is an unmanaged index comprised of U.S. Treasury securities, other than inflation-protection securities and STRIPS, with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than three years. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

13/05/2004

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B0122Y20

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

Scott A. Mather

CIO U.S. Core Strategies

View Profile

Jerome M. Schneider

Head of Short-Term Portfolio Management

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 3.56%
Current Yield2 as of 30/04/2018 1.96%
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 0.81%

Prices & Performance

Daily Statistics

All data as of 18/05/2018

NAV (USD) 14.49 One Day Return 0.07%
Daily Change (USD) 0.01 Daily YTD Return -0.96%
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 44.37
1-3 yrs 40.89
3-5 yrs 13.96
5-10 yrs 3.80
10-20 yrs -3.03
20+ yrs 0.00
Effective Maturity (yrs) 1.92

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 0.92
Sharpe Ratio3 0.12
Information Ratio4 0.35
Tracking Error5 0.91

Top 10 Country by Currency of Settlement (DWE%)

United States 132.08
Germany 27.73
Cyprus 1.03
Argentina 0.84
Greece 0.48
Italy 0.16
European Union -0.64
United Kingdom -10.99
Japan -22.15
France -28.72

Duration Yrs

0-1 yrs 0.95
1-3 yrs 0.74
3-5 yrs 0.88
5-7 yrs -0.14
7-8 yrs -0.37
8-10 yrs -0.41
10+ yrs 0.00
Effective Duration (yrs) 1.65