GIS Strategic Income Fund

ISIN: IE00BG800R07

Updated 23 April 2018

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  • DAILY NAV (USD)
    12.36
  • DAILY YTD RETURN
    -0.32%
  • TOTAL NET ASSETS (USD)
    914 MM
    (as of 31/03/2018)
  • TOTAL NET ASSETS (USD)
    914 MM
    (as of 31/03/2018)
  • CLASS
    Multi Asset
  • CLASS INCEPTION DATE
    16/12/2013
  • CLASS
    Multi Asset
  • CLASS INCEPTION DATE
    16/12/2013

Objective

The investment objective of the Fund is to seek to provide an attractive level of current income, consistent with prudent investment management. The Fund also seeks to provide long-term capital appreciation as a secondary objective.

Overview

Fund Description

The GIS Strategic Income Fund is an actively managed, global portfolio that invests primarily in fixed income securities with the flexibility to invest in dividend equities. The fund seeks to maximize current income and capital appreciation while maintaining a relatively low risk profile.

Investor Benefits

The Fund seeks to deliver a competitive level of current income and capital growth. Potential benefits of this fund include:

  • • Employs PIMCO’s best income-generating ideas across global markets to target a consistent distribution
  • • Employs PIMCO’s time-tested investment process and relies on extensive experience in managing income oriented strategies
  • • Utilizes Research Affiliates’ fundamentally-weighted, active global developed equity strategy built on smart beta that seeks higher-yielding stocks generating sustainable dividends at attractive valuations
  • • A diversified strategy that limits exposure to below investment-grade holdings at 50%
  • • Designed to provide liquidity when needed
  • The Fund Advantage

    This fund is designed for investors who seek steady income with capital appreciation. The fund taps into multiple areas of the global market and employs PIMCO’s vast analytical expertise to temper volatility.

    PRIMARY BENCHMARK

    75% Bloomberg Barclays Global Aggregate USD Hedged/25% MSCI World Index

    PRIMARY BENCHMARK DESCRIPTION

    The benchmark is a blend of 75% Bloomberg Barclays Global Aggregate USD Hedged/25% MSCI World Index. Bloomberg Barclays Global Aggregate (USD Hedged) Index provides a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian Government securities, and USD investment grade 144A securities. The MSCI World 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

    16/12/2013

    OLDEST SHARE CLASS

    OLDEST SHARE CLASS INCEPTION

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    BASE CURRENCY

    ISIN

    IE00BG800R07

    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

Managers

Daniel J. Ivascyn

Group Chief Investment Officer

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Alfred T. Murata

Portfolio Manager, Mortgage Credit

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Robert Arnott

Founder and Chairman, Research Affiliates

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Christopher J. Brightman

Chief Investment Officer, Research Affiliates

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/03/2018 3.83%
Current Yield2 as of 31/03/2018 2.36%
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 1.75%
Fees & Expenses Footnotes & Disclosures

disclosures

The Unified Management fee takes account of a fee waiver in the amount of 0.05% p.a. until 31 Dec 2018.

Prices & Performance

Daily Statistics

All data as of 23/04/2018

NAV (USD) 12.36 One Day Return 0.00%
Daily Change (USD) 0.00 Daily YTD Return -0.32%
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

Sector Allocation - Fixed Income Market Value %

US Government Related 33.16
Mortgage 41.51
Invest. Grade Credit 7.93
High Yield Credit 12.44
Non-USD Developed -6.53
Emerging Markets3 14.55
Municipal/Other4 4.22
Net Other Short Duration Instruments5 -7.28

Top 10 Country Exposure (MV%)

United States 85.48
United Kingdom 8.00
Australia 5.64
Mexico 3.81
Ireland 3.17
Germany 3.05
France 2.55
Canada 2.19
Brazil 1.79
Russia 1.78

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 4.59
Sharpe Ratio6 0.74
Beta7 1.15
R-Squared8 0.67

Sector Allocation - Equity Market Value %

Equities 25.19
Fixed Income 77.64
Other -0.04
Net Cash -2.79

Equity Statistics

Stocks in Portfolio 429
P/E Ratio (Forward) 11.98
Weighted Median Market Cap ($US MM) 36,833.63
Active Share (%) 75.43
P/E Ratio (Trailing) 14.21
Weighted Avg Market Cap ($US MM) 72,813.27
Portfolio Composition Footnotes & Disclosures

disclosures

3Short duration emerging markets instruments includes an emerging market security or other instrument economically tied to an emerging market country by country of risk with an effective duration less than one year and rated investment grade or higher or if unrated, determined to be similar quality by PIMCO. Emerging Markets includes the value of short duration emerging markets instruments previously reported in another category.
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.
6The Sharpe Ratio measures the risk-adjusted performance. The risk-free rate is subtracted from the rate of return for a portfolio and the result is divided by the standard deviation of the portfolio returns.
7Beta measures the market related volatility of a portfolio. The beta of the market is 1 by definition. A beta greater than 1 indicates that a portfolios market risk is greater than the overall markets, while a beta less than 1 indicates a lower market risk. It is important to note that having a low market risk does not necessarily imply low volatility. A portfolio may have a low beta while experiencing volatility due to factors independent of the market.
8R-squared measures the percentage of a portfolio's movements that are explained by movements in the overall market. Standard deviation is an absolute measure of volatility measuring dispersion about an average which, for a mutual fund, depicts how widely the returns varied over a certain period of time.
Forward P/E is based on estimated future earnings as assembled and calculated by FactSet.
In the statistics section, P/E Ratio, and Median Market Cap. are the averages of the P/E and market capitalization of the issues held by the fund. P/E is a ratio of security price to earnings per share. Typically, an undervalued security is characterized by a low P/E ratio, while an overvalued security is characterized by a high P/E ratio.
Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current share price. Active share measures the proportion of stock holdings in a portfolio’s composition to the composition of its benchmark.

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