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Fund Fact Sheet Prospectus Product Highlight Sheets

GIS Strategic Income Fund

ISIN: IE00BG800R07

Updated 08 May 2024

Fund Fact Sheet Prospectus Product Highlight Sheets
  • The Fund may use or invest in financial derivative instruments and be subject to various risks (including for e.g. liquidity risk, interest rate risk, market risk, credit risk and management risk etc.) associated with such investments in financial derivative instruments. A Fund’s use of, or investment in, financial derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Participation in the markets for financial derivative instruments involves investment risks and transaction costs to which a Fund may not be subject if such strategies are not used. You should carefully consider these risks prior to making an investment in the relevant Fund. Please refer to the Singapore prospectus for more information.

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  • DAILY NAV (USD)
    14.83
  • DAILY YTD RETURN
    2.49%
  • TOTAL NET ASSETS (USD)
    441 MM
    (as of 30/04/2024)
  • TOTAL NET ASSETS (USD)
    441 MM
    (as of 30/04/2024)
  • 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.

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Overview

Fund Description

The GIS Strategic Income Fund is an actively managed portfolio with global opportunity that invests primarily in fixed income securities with the flexibility to invest in dividend equities. The fund seeks to deliver an attractive level of 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%
  • The fund offers daily liquidity.

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.

BENCHMARK

25% MSCI ACWI High Dividend Yield Index / 75% Bloomberg US Aggregate Index

BENCHMARK DESCRIPTION

The MSCI ACWI High Dividend Yield Index is based on MSCI ACWI, its parent index, and includes large and mid cap stocks across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries. The index is designed to reflect the performance
of equities in the parent index (excluding REITs) with higher dividend income and quality characteristics than average dividend yields that are both sustainable and persistent. The index also applies quality screens and reviews 12-month past performance to omit stocks with potentially deteriorating fundamentals that could force them to cut or reduce dividends. Bloomberg U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.

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

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Managers

Daniel J. Ivascyn

Group Chief Investment Officer

View Profile for Daniel J. Ivascyn

Alfred T. Murata

Portfolio Manager, Mortgage Credit

View Profile for Alfred T. Murata

Erin Browne

Portfolio Manager, Asset Allocation

View Profile for Erin Browne

Emmanuel S. Sharef

Portfolio Manager, Asset Allocation and Multi Real Asset

View Profile for Emmanuel S. Sharef

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2024 5.22%
Current Yield5 as of 30/04/2024 3.99%
Underlying Portfolio Yield2,6 as of 30/04/2024 2.30%

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. Yields reported gross of fees, the deduction of which will reduce the yield.
2The dividend amount or dividend distribution rate/yield is based on historical dividend amount or dividend rate/yield. The dividend amount or dividend rate/yields is not guaranteed.
3Dividend is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive distribution yield does not imply a positive return. Distribution payments of the Fund where applicable, may at the sole discretion of the Fund, be made out of either income and/ or capital of the Fund. In the case of the Fund, the Fund may at its discretion pay dividends out of capital which may result in an immediate reduction of the Fund’s NAV per share. In the case of Income II Shares, the Fund may at its discretion pay dividends out of capital as well as take into account the yield differential arising from share class currency hedging (which constitutes a distribution from capital). The management and other fees payable by the Income II Shares may also be charged to the capital of the Income II Shares, resulting in an increase in distributable income available for the payment of dividends and therefore, the Income II Shares may effectively pay dividends out of capital. This may result in an immediate reduction of the NAV per share for the Income II Shares.
4For share classes that have been incepted for less than one year, the average payout yield is calculated as the cumulation of payout yields since inception [sum of non-annualised distribution yield since inception; non –annualized yield for each period = Dividend Rate / NAV on ex-dividend day]. For dividend-paying share classes that have been incepted for more than one year, the average payout yield is calculated as average annualized dividend yield since inception [sum of annualized dividend yield since inception/ No. of periods since inception].
5Current yield is a security’s annual income (interest or dividends) divided by its current price. The 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. Yields reported gross of fees, the deduction of which will reduce the yield.
6The underlying portfolio yield is calculated as estimated current yield net of unified fees for the share class [Current Yield – Unified Fees]. Current yield is a security’s annual income (interest or dividends) divided by its current price. The underlying portfolio 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. Yields reported net of fees.
7For share classes that have been incepted for less than 1 year, the average distribution since inception is calculated on a cumulative basis for the year[sum of dividend amount since inception]. For share classes that have been incepted more than 1 year but less than 10 years, the average distribution since inception is calculated as the average distribution amount since inception [sum of dividend amount since inception/ No. of periods since inception].For share classes that have incepted for more than 10 years, the average distribution is disclosed for the past 10 years. [sum of dividend amount for the past 10 years/ No. of periods for the past 10 years].

Fees & Expenses

Unified Fee 1.69%
The Unified Management fee takes account of a fee waiver in the amount of 0.05% p.a. until 31 Dec 2018.

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 - Past performance does not predict future returns

Daily Statistics

All data as of 08/05/2024

NAV (USD) 14.83 One Day Return -0.13%
Daily Change (USD) -0.02 Daily YTD Return 2.49%
Daily YTD Return (net of 5% Preliminary Charge) -2.63%

All data as of

All data as of

The above information is additional to, and should be read only in conjunction with, the performance data presented under Calendar Year Returns % below.

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future returns. 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

disclosures

Past performance is not a guarantee or a reliable indicator of future returns. 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.
Differences in the Fund’s performance versus the index and related attribution information with respect to particular categories of securities or individual positions may be attributable, in part, to differences in the pricing methodologies used by the Fund and the index.
A rating is not a recommendation to buy, sell or hold a fund. © 2021 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 5.84
Securitized 102.72
Invest. Grade Credit 9.56
High Yield Credit 7.05
Non-USD Developed -2.08
Emerging Markets8 18.95
Other 2.66
Net Other Short Duration Instruments9 -44.70

Top 10 Country Exposure (MV%)

United States 145.30
United Kingdom 9.23
Australia 5.12
France 3.97
Mexico 3.29
Brazil 3.00
EM Index Product 2.69
Switzerland 2.16
Russia 1.84
Italy 1.36

Risk Characteristics

Standard Deviation10 7.16
Sharpe Ratio11 0.36
Information Ratio12 0.03
Tracking Error13 3.94

Sector Allocation - Equity Market Value %

Equities 30.80
Fixed Income 97.16
Other -85.84
Net Cash 57.88

Equity Statistics

Stocks in Portfolio 194
P/E Ratio (Forward) 10.75
Weighted Median Market Cap ($US MM) 58,478.09
Active Share (%) 87.66
P/E Ratio (Trailing) 11.25
Weighted Avg Market Cap ($US MM) 151,826.46

disclosures

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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Disclosures

Source: PIMCO, index provider for benchmark data.

A rating is not a recommendation to buy, sell or hold a fund. Past performance is not an indicator of future results.
Investment involves risk including possible loss of the principal amount invested. PIMCO Funds: Global Investors Series plc is an umbrella type open-ended investment company with variable capital and is incorporated with limited liability under the laws of Ireland with registered number 276928. PIMCO Funds: Global Investors Series plc has appointed PIMCO Asia Ptd Ltd as the Singapore Representative. The Fund may use or invest in financial derivative instruments and be subject to various risks (including for e.g. liquidity risk, interest rate risk, market risk, credit risk and management risk etc.) associated with such investments in financial derivative instruments. The Fund’s use of, or investment in, financial derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Participation in the markets for financial derivative instruments involves investment risks and transaction costs to which the Fund may not be subject if such strategies are not used. You should carefully consider these risks prior to making an investment in the Fund. Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information is contained in the Fund’s Singapore Prospectus which is available and can be obtained from our website www.pimco.com.sg or by contacting the Singapore Representative or a distributor of the Fund. Prospective investors should read the Fund's Singapore Prospectus before deciding whether to subscribe for or purchase shares in any of the Funds. Investors may also wish to seek advice from a financial adviser before making a commitment to invest and in the event you choose not to seek advice, you should consider whether the investment is suitable for you. The value of shares of the Fund and the income accruing to them, if any, may fall or rise. The Funds typically offer different share classes, which are subject to different fees and expenses (which may affect performance), have different minimum investment requirements and are entitled to different services. Unless otherwise stated in the prospectus, the Fund referenced in this material is not managed against a particular benchmark or index, and any reference to a particular benchmark or index in this material is made solely for risk or performance comparison purposes.