GIS Mortgage Opportunities Fund

ISIN: IE00BYZNBK89

Updated 24 May 2018

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  • DAILY NAV (EUR)
    10.04
  • DAILY YTD RETURN
    -1.38%
  • TOTAL NET ASSETS (USD)
    2,113 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (USD)
    2,113 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    25/01/2017
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    25/01/2017

Objective

The Fund seeks maximum long-term return, consistent with prudent investment management.

Overview

Fund Description

The PIMCO GIS Mortgage Opportunities Fund is an absolute-return oriented, securitized asset-focused fund designed to capitalize on dislocations across Agency, non-Agency and commercial mortgage-backed securities markets.

Investor Benefits

The fund has the ability to allocate across all subsectors of the global securitized market and seeks to efficiently manage interest rate and credit risk across different macroeconomic environments.

Potential benefits of this fund include:

  • A unique source of bond market returns that are driven by consumer credit and real estate fundamentals rather than by corporate balance sheets
  • Enhanced portfolio diversification versus traditional sources of risk such as core fixed income, corporate credit, and equities
  • Flexibility to navigate a variety of interest rate and credit market environments

The Fund Advantage

The fund’s benchmark-agnostic structure allows for dynamic allocation across global securitized markets. PIMCO’s 60+ portfolio management resources in the mortgage and consumer finance area enable granular bottoms-up research to identify the most attractive opportunities across global securitized markets.

PRIMARY BENCHMARK

3 Month USD LIBOR (EUR Hedged) Index

PRIMARY BENCHMARK DESCRIPTION

The 3 Month USD LIBOR (EUR Hedged)(London Interbank Offered Rate) Index is an average interest rate, determined by the ICE Benchmark Administration, that banks charge one another for the use of short-term money (3 months) in England’s Eurodollar market.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

25/01/2017

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BYZNBK89

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

RELATED

Managers

Daniel H. Hyman

Co-head, Agency MBS Portfolio Management

View Profile

Alfred T. Murata

Portfolio Manager, Mortgage Credit

View Profile

Joshua Anderson

Head of Global ABS Portfolio Management

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 3.30%
Current Yield2 as of 30/04/2018 3.26%
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 1.59%

Prices & Performance

Daily Statistics

All data as of 24/05/2018

NAV (EUR) 10.04 One Day Return 0.00%
Daily Change (EUR) 0.00 Daily YTD Return -1.38%
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 22.55
1-3 yrs 10.87
3-5 yrs 25.31
5-10 yrs 35.43
10-20 yrs 2.39
20+ yrs 3.43
Effective Maturity (yrs) 2.02

Sector Allocation
Duration %

GNMA MBS 9.53
FNMA MBS 66.97
FHLMC MBS 25.07
Other Agency MBS 0.00
Non-Agency MBS 11.78
Home Equity ABS 25.71
CMBS 2.53
Other MBS 1.73
US Government Related -43.97
Other 2.58
Net Other Short Duration Instruments3 -1.92

Top 10 Country by Currency of Settlement (FX%)

United States 0.03
United Kingdom 0.01
Australia 0.00
Hong Kong 0.00
Switzerland 0.00
Singapore 0.00
European Union 0.00
Euro Currency 0.00
France 0.00
Germany 0.00

Duration Yrs

0-1 yrs -0.42
1-3 yrs 0.09
3-5 yrs 2.21
5-7 yrs 0.30