GIS RAE Fundamental PLUS Global Developed Fund

ISIN: IE00BQQP5837

Updated 19 July 2018

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  • DAILY NAV (EUR)
    12.19
  • DAILY YTD RETURN
    -0.33%
  • TOTAL NET ASSETS (USD)
    250 MM
    (as of 30/06/2018)
  • TOTAL NET ASSETS (USD)
    250 MM
    (as of 30/06/2018)
  • CLASS
    Equities
  • CLASS INCEPTION DATE
    22/09/2014
  • CLASS
    Equities
  • CLASS INCEPTION DATE
    22/09/2014

Objective

The investment objective is to seek a total return which exceeds that of its benchmark index namely, the MSCI World Index.

Overview

Fund Description

The PIMCO GIS RAE Fundamental PLUS Global Developed Fund is a fundamentally-weighted, smart beta-based equity strategy that aims to outperform the MSCI World Index. Unlike traditional market cap-weighted approaches, the fund selects and weights stocks based on non-price measures of company size. By removing price from the portfolio construction process, the fund seeks to capitalize on market inefficiencies, systematically capturing returns when prices deviate from fundamentals. Additionally, PIMCO’s innovative PLUS™ implementation provides a second source of excess return and diversification potential. This approach simply uses equity-linked instruments to provide investors with full equity exposure, which leaves the bulk of their capital free to be allocated to a complementary bond alpha strategy.

Investor Benefits

This fund offers investors persistent, meaningful potential excess returns over Global Developed equity markets without a corresponding increase in volatility. Potential benefits of this fund include:

  • A broad, diversified exposure to Global Developed equity markets
  • Ability to capitalize on market inefficiencies, contratrading against the market to systematically buy low and sell high
  • Time-tested, rules-based approach provides opportunity for long-term outperformance

The Fund Advantage

In addition to a broad, diversified equity market exposure, the fund provides the potential for meaningful outperformance relative to both the market and passively implemented smart beta index approaches.

PRIMARY BENCHMARK

MSCI World (Euro Hedged) Index

PRIMARY BENCHMARK DESCRIPTION

The MSCI World (Euro Hedged) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of 23 developed market country indices.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

22/09/2014

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BQQP5837

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

Mohsen Fahmi

Portfolio Manager, Global Fixed Income

View Profile

Robert Arnott

Founder and Chairman, Research Affiliates

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/06/2018 3.60%
Current Yield2 as of 30/06/2018 2.48%
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 2.25%

Prices & Performance

Daily Statistics

All data as of 19/07/2018

NAV (EUR) 12.19 One Day Return -0.25%
Daily Change (EUR) -0.03 Daily YTD Return -0.33%
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

Summary Characteristics - RAE
Market Value %

Stocks in Portfolio 876
P/E Ratio (Forward) 12.22
Weighted Median Market Cap ($US MM) 40,014.99
P/E Ratio (Trailing) 13.97
Weighted Avg Market Cap ($US MM) 94,239.36

Regional Diversification RAE
Market Value %

Americas 53.11
EMEA 29.50
Asia Pacific 16.49
Emerging Markets 0.90

Top 5 GICS Sector - RAE
Market Value %

Financials 26.06
Consumer Discretionary 12.52
Information Technology 10.76
Industrials 10.44
Health Care 10.22

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 11.90
Sharpe Ratio3 0.51
Information Ratio4 -0.21
Tracking Error5 4.33

Summary Characteristics - CAP
Market Value %

Stocks in Portfolio 1,624
P/E Ratio (Forward) 15.90