GIS Mortgage Opportunities Fund

ISIN: IE00BYZ8H726

Updated 13 July 2018

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  • DAILY NAV (EUR)
    9.63
  • DAILY YTD RETURN
    -1.47%
  • TOTAL NET ASSETS (USD)
    2,367 MM
    (as of 30/06/2018)
  • TOTAL NET ASSETS (USD)
    2,367 MM
    (as of 30/06/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    07/06/2017
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    07/06/2017

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

07/06/2017

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BYZ8H726

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 30/06/2018 3.51%
Annualised Distribution Yield as of 30/06/2018 2.82%
Current Yield2 as of 30/06/2018 2.87%
Average Annualised Distribution Yield as of 30/06/2018 2.22%
Latest Dividend Distribution as of 28/06/2018 (EUR) 0.02262
Dividend Distribution (YTD) as of 28/06/2018 (EUR) 0.12490
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.
Unless stated, the Fund does not have an unsubsidized yield.

Fees & Expenses

Unified Fee 1.59%

Prices & Performance

Daily Statistics

All data as of 13/07/2018

NAV (EUR) 9.63 One Day Return 0.00%
Daily Change (EUR) 0.00 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 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 42.67
1-3 yrs 4.52
3-5 yrs 19.66
5-10 yrs 24.11
10-20 yrs 5.79
20+ yrs 3.24
Effective Maturity (yrs) 1.96

Sector Allocation
Duration %

GNMA MBS 9.83
FNMA MBS 36.47
FHLMC MBS 37.13
Other Agency MBS 0.00
Non-Agency MBS 14.10
Home Equity ABS 30.45
CMBS 3.42
Other MBS 2.38
US Government Related3 -33.39
Other4 5.08