GIS Mortgage Opportunities Fund


Updated 16 March 2018


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    1,728 MM
    (as of 28/02/2018)
    1,728 MM
    (as of 28/02/2018)
    Fixed Income
    Fixed Income


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



Daniel H. Hyman

Co-head, Agency MBS Portfolio Management

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Alfred T. Murata

Portfolio Manager, Mortgage Credit

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Joshua Anderson

Portfolio Manager, Opportunistic Mortgage and Real Estate

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 28/02/2018 3.02%
Annualised Distribution Yield as of 28/02/2018 2.53%
Current Yield2 as of 28/02/2018 3.07%
Average Annualised Distribution Yield as of 28/02/2018 1.94%
Latest Dividend Distribution as of 27/02/2018 (EUR) 0.02062
Dividend Distribution (YTD) as of 27/02/2018 (EUR) 0.03823
Yields & Distributions Footnotes & 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.
Unless stated, the Fund does not have an unsubsidized yield.

Fees & Expenses

Unified Fee 1.59%

Prices & Performance

Daily Statistics

All data as of 16/03/2018

NAV (EUR) 9.76 One Day Return -0.10%
Daily Change (EUR) -0.01 Daily YTD Return -1.03%
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


Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.
Daily YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.
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.Past performance is not a guarantee or a reliable indicator of future results.
Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar, Inc.® 2017. 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.
The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.

Portfolio Composition

All data as of unless otherwise stated

Maturity %

0-1 yrs 13.86
1-3 yrs 5.48
3-5 yrs 32.47
5-10 yrs 43.24
10-20 yrs 2.61
20+ yrs 2.34
Effective Maturity (yrs) 2.01

Sector Allocation
Duration %

FNMA MBS 77.76
Other Agency MBS 0.00
Non-Agency MBS 7.93
Home Equity ABS 26.83
CMBS 2.41
Other MBS 1.05
US Government Related3 -36.48
Other4 1.39
Net Other Short Duration Instruments5 -10.95

Top 10 Country by Currency of Settlement (FX%)

United States 0.10
United Kingdom 0.01
Australia 0.00
Hong Kong 0.00
Singapore 0.00
European Union 0.00
Euro Currency 0.00
France 0.00
Germany 0.00
Switzerland 0.00

Duration Yrs

0-1 yrs -0.87
1-3 yrs 0.06
3-5 yrs 2.89
5-7 yrs 0.25
7-8 yrs 0.20
8-10 yrs -0.32
10+ yrs 0.51
Effective Duration (yrs) 1.45

Top 10 Country by Currency of Settlement (DWE%)

United States 95.48
European Union 3.57
United Kingdom 0.41
Germany 0.28
France 0.17
Italy 0.04
Spain 0.03
Netherlands 0.02
Switzerland 0.00
Australia 0.00
Portfolio Composition Footnotes & Disclosures


3May include nominal and inflation-protected Treasuries, Treasury futures and options, agencies, FDIC-guaranteed and government-guaranteed corporate securities, and interest rate swaps.
4May include municipals, convertibles, preferreds, and yankee bonds.
5Net 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.
Portfolio information in the charts is based on the fund's net assets. These percentages may differ from those used for the fund's compliance calculations, including the fund's prospectus, regulatory, and other investment limitations and policies, which may be based on total assets of the fund or other measurements, may include or exclude various categories of investments from those covered in the portfolio allocation categories shown in this report, and may be based on different classifications and measurements of the fund’s investments and other criteria.
References to specific sectors, securities or issuers are for illustrative purposes only. All holdings are subject to change daily. All share classes have the same portfolio but different expenses.


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Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative.  Please read them carefully before you invest or send money.
Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
PIMCO Investments LLC, distributor, 1633 Broadway, New York, NY 10019, is a company of PIMCO.