Asia High Yield Bond Fund

PIMCO GIS Asia High Yield Bond Fund

High Yield Doesn’t Have To Mean Higher Risk


Why invest in Asia high yield?

Higher yield potential
than other fixed income asset classes

Attractive risk-adjusted return potential
compared to other credit asset classes and Asia equities

Lower volatility, higher quality alternative
relative to global high yield

Less interest rate sensitivity
than global investment grade and Emerging Markets

Why invest in PIMCO GIS Asia High Yield Bond Fund?

PIMCO’s advantage in investing in Asia


We have one of the largest Asia credit research platforms in the industry, with 9 credit analysts and 15 Asia-dedicated portfolio managers.
Our Asia team benefits from PIMCO’s global credit research platform, expertise and resources to unlock value. Having strong relationships with issuers and direct access to their management is key to identifying potential rating migration, reverse inquiries and default risks.


We seek maximum total return, focusing on credit securities with the best risk/ return profile over a full market cycle.
The Fund will not stretch for yield to invest in securities that we deem excessively risky.


Using PIMCO’s macroeconomic top-down view, combined with our bottom-up in-depth credit research, as well as valuation screens, our team of analysts identifies the most attractive opportunities.
The Fund maintains exposure to only 30-40% of the names in the index Footnote 1 , focusing on our best ideas.

1 This is not the Fund’s investment objectives, please refer to the Prospectus for details.

Three key roles the Fund plays in a portfolio


Asia high yield has an estimated correlation of 0.6 with the S&P 500 Index, which can be an alternative source of market beta for equity-heavy portfolios.

Its negative correlation with U.S. government bonds can be a good diversifier for core fixed income portfolios.

Yield enhancer

As we expect global interest rates to be lower for longer, the Fund can help enhance the yield level of a portfolio.

Provider of decent risk-adjusted returns

Return is an important factor to investors. On a risk-adjusted basis, Asia high yield has historically outperformed Asia equities, global high yield and EM external debt.


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Fund Literature


Source: PIMCO.

Past performance is not an indicator of future results.

Investment involves risk including possible loss of the principal amount invested. The Fund may use or invest in financial derivatives. 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 Pte Ltd as the Singapore Representative. 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 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.