GIS US Investment Grade Corporate Bond Fund

ISIN: IE00BZCR5194

Updated 24 May 2018

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  • DAILY NAV (EUR)
    9.67
  • DAILY YTD RETURN
    -4.54%
  • TOTAL NET ASSETS (USD)
    181 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (USD)
    181 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/09/2016
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/09/2016

Objective

The investment objective of the US Investment Grade Corporate Bond Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management.

Overview

Fund Description

The US Investment Grade Corporate Bond Fund is a portfolio consisting primarily of high quality USD-denominated corporate bonds diversified broadly across industries, issuers, and regions. The fund is actively managed to maximize total return potential while minimizing any increase in risk relative to the benchmark.

Investor Benefits

The fund offers diversification benefits and greater income potential relative to government bonds or domestic credit strategies while seeking to retain many defensive features of government bonds.

The Fund Advantage

The fund looks to benefit from the PIMCO investment process, which combines our global top-down views on the macroeconomic environment with proprietary local bottom-up analysis. The PIMCO investment team has the experience and depth to actively manage a broad and diversified opportunity set.

PRIMARY BENCHMARK

Bloomberg Barclays U.S. Credit Index (EUR Hedged)

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays U.S. Credit Index (EUR Hedged) is an unmanaged index comprised of publicly issued U.S. corporate and specified non-U.S. debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. This index was formerly known as the Bloomberg Barclays Credit Investment Grade Index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

28/09/2016

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BZCR5194

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

Mark R. Kiesel

CIO Global Credit

View Profile

Amit Arora

Portfolio Manager, Global Credit

View Profile

Mohit Mittal

Portfolio Manager, Liability Driven Investment and Credit

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 5.07%
Current Yield2 as of 30/04/2018 3.97%
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 1.39%

Prices & Performance

Daily Statistics

All data as of 24/05/2018

NAV (EUR) 9.67 One Day Return 0.21%
Daily Change (EUR) 0.02 Daily YTD Return -4.54%
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

Maturity %

0-1 yrs 0.08
1-3 yrs 0.00
3-5 yrs 3.80
5-10 yrs 88.05
10-20 yrs -1.77
20+ yrs 9.85
Effective Maturity (yrs) 11.80

Sector Allocation
Market Value %

Government Related3 37.43
Mortgage 7.67
Invest. Grade Credit 51.81
High Yield Credit 8.27
Emerging Markets4 17.03
Municipal/Other5 0.12
Net Other Short Duration Instruments6 -22.32

Top 10 Country by Currency of Settlement (DWE%)

Ireland 100.00
European Union 0.57
United States -0.58

Duration %

0-1 yrs 0.68
1-3 yrs 2.58
3-5 yrs 35.10
5-7 yrs 16.13
7-8 yrs 13.82
8-10 yrs 8.59
10+ yrs 23.10
Effective Duration (yrs) 6.68

Top Industry Sectors
Market Value %

Banks 22.39
Technology 3.81
Wirelines 3.58
Pipelines 3.17
Brokerage 3.11
Financial Other 2.81
Electric Utility