GIS Low Duration Global Investment Grade Credit Fund

ISIN: IE00BJTCP712

Updated 25 May 2018

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  • DAILY NAV (EUR)
    10.08
  • DAILY YTD RETURN
    -1.47%
  • TOTAL NET ASSETS (USD)
    605 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (USD)
    605 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/02/2014
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/02/2014

Objective

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

Overview

Fund Description

The PIMCO GIS Low Duration Global Investment Grade Credit Fund is an actively managed portfolio of primarily short-dated investment grade credit instruments. Portfolio duration may vary between 0-4 years and may invest up to 15% of assets in below-investment grade.

Investor Benefits

The fund is designed for investors seeking exposure to credit but with less sensitivity to interest rate risk than a traditional global credit strategy. Potential benefits include a lower duration versus traditional global credit strategies, enhanced yield relative to government bonds, PIMCO’s forward-looking investment process and a diversification across a broad set of regions and industries.

The Fund Advantage

The fund benefits from PIMCO’s global credit investment expertise, which seamlessly integrates four decades of experience with robust credit research and a time-tested, forward-looking investment process. This helps the fund to target opportunities across geographies, industries and issuers.

PRIMARY BENCHMARK

Bloomberg Barclays Global Aggregate Credit 1‑5 Yrs Index (EUR Hedged)

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays Global Aggregate Credit Index 1-5 Years Index (EUR Hedged) is an unmanaged Index that provides a broad-based measure of the global investment-grade fixed income markets having a maturity of at least 1 year and less than 5 years. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. This index excludes Government and Securitized Securities. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian securities, and USD investment grade 144A securities. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

28/02/2014

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BJTCP712

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

Mark R. Kiesel

CIO Global Credit

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 4.06%
Current Yield2 as of 30/04/2018 3.70%
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 1.39%

Prices & Performance

Daily Statistics

All data as of 25/05/2018

NAV (EUR) 10.08 One Day Return 0.10%
Daily Change (EUR) 0.01 Daily YTD Return -1.47%
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 23.21
1-3 yrs 29.70
3-5 yrs 41.56
5-10 yrs 6.27
10-20 yrs -1.08
20+ yrs 0.33
Effective Maturity (yrs) 3.17

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 1.54
Sharpe Ratio3 -0.50
Information Ratio4 -0.58
Tracking Error5 0.82

Top 10 Country by Currency of Settlement (DWE%)

United States 65.57
Germany 19.67
European Union 4.45
United Kingdom 3.23
Mexico 2.92
Hungary 1.78
Chile 1.45
France 1.25
Australia 0.98
Japan -3.76

Duration %

0-1 yrs 9.62
1-3 yrs 23.34
3-5 yrs 64.00
5-7 yrs 9.74
7-8 yrs 0.00
8-10 yrs -5.10
10+ yrs -1.59
Effective Duration (yrs) 2.74

Sector Allocation
Market Value %

Government Related6 20.84