GIS TRENDS Managed Futures Strategy Fund

ISIN: IE00BWX5WK98

Updated 13 July 2018

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  • DAILY NAV (USD)
    10.02
  • DAILY YTD RETURN
    -1.76%
  • TOTAL NET ASSETS (USD)
    122 MM
    (as of 30/06/2018)
  • TOTAL NET ASSETS (USD)
    122 MM
    (as of 30/06/2018)
  • CLASS
    Alternatives
  • CLASS INCEPTION DATE
    30/06/2015
  • CLASS
    Alternatives
  • CLASS INCEPTION DATE
    30/06/2015

Objective

The Fund seeks positive, risk-adjusted returns, consistent with prudent investment management.

Overview

Fund Description

The PIMCO TRENDS Managed Futures Strategy Fund is a liquid alternative investment strategy that seeks to capture momentum across major asset classes including equities, interest rates, and currencies. The Fund looks for and attempts to profit from the price trends of securities and derivatives in global financial markets.

Investor Benefits

The Fund aims to offer returns uncorrelated to traditional asset classes, to help reduce portfolio volatility and drawdown, and to generate additional returns from actively managed collateral.

The Fund Advantage

The Fund takes advantage of PIMCO’s global trading platform, market knowledge, active fixed income management, and valuable input from the TRENDS Advisory Group which is comprised of senior PMs from across the firm.

PRIMARY BENCHMARK

3 Month USD LIBOR Index

PRIMARY BENCHMARK DESCRIPTION

The 3 Month USD LIBOR (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. It is not possible to invest in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

30/06/2015

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BWX5WK98

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

Matt Dorsten

Portfolio Manager, Quantitative Strategy

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Graham A. Rennison

Quantitative Portfolio Manager

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Josh Davis

Portfolio Manager, Quantitative Strategy

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/06/2018 5.45%
Current Yield2 as of 30/06/2018 2.39%
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%
The Unified Management fee takes account of a fee waiver in the amount of 0.25% p.a. until 31 July 2018. The fee waiver will expire from 01 August 2018
Fees & Expenses Footnotes & Disclosures

disclosures

The Unified Management fee takes account of a fee waiver in the amount of 0.25% p.a. until 31 July 2018. The fee waiver will expire from 01 August 2018

Prices & Performance

Daily Statistics

All data as of 13/07/2018

NAV (USD) 10.02 One Day Return 0.10%
Daily Change (USD) 0.01 Daily YTD Return -1.76%
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

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 7.45
Sharpe Ratio3 -0.08
Beta4 1.89
R-Squared5 0.00

Percent of Risk Allocation %

Currency 66.94
Equity 23.83
Rates 9.23
Portfolio Composition Footnotes & Disclosures

disclosures

3The 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.
4Beta 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.
5R-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.

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Disclosures

This Website is operated and issued by PIMCO Europe Ltd, which is authorised and regulated in the conduct of its investment business by t