GIS Global High Yield Bond Fund

ISIN: IE00B45J8M76

Updated 17 October 2018

  • The Fund may use or invest in financial derivatives.

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  • DAILY NAV (EUR)
    9.92
  • DAILY YTD RETURN
    -1.47%
  • TOTAL NET ASSETS (USD)
    3,906 MM
    (as of 30/09/2018)
  • TOTAL NET ASSETS (USD)
    3,906 MM
    (as of 30/09/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    04/08/2010
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    04/08/2010

Objective

The investment objective of the Global High Yield Bond Fund is to seek to maximise total return, consistent with prudent investment management.

Overview

Fund Description

The Global High Yield Bond Fund seeks to maximise total return and limit risk with an emphasis on upper tier high yield bonds. The fund invests at least two-thirds of its assets in a diversified portfolio of global high yield bonds rated lower than Baa by Moody’s or BBB by S&P with a maximum of 20% of its assets in securities rated lower than B.

Investor Benefits

This fund offers compelling diversification benefits and the opportunity to gain exposure to different sectors of the economy.

The Fund Advantage

The fund employs PIMCO’s fundamental research process, including top-down economic views, bottom-up security selection and extensive global resources.

PRIMARY BENCHMARK

ICE BofAML BB‑B Rated Developed Markets High Yield Constrained Index Hedged into EUR

PRIMARY BENCHMARK DESCRIPTION

ICE BofAML BB-B Rated Developed Markets High Yield Constrained Index Hedged into EUR tracks the performance of below investment grade bonds of corporate issuers domiciled in developed market countries having an investment grade foreign currency long term debt rating (based on a composite of Moody's, S&P, and Fitch). The Index includes bonds denominated in U.S. dollars, Canadian dollars, sterling, euro (or euro legacy currency), but excludes all multicurrency denominated bonds. Bonds must be rated below investment grade but at least B3 based on a composite of Moody's, S&P, and Fitch. Qualifying bonds are capitalization-weighted provided the total allocation to an individual issuer (defined by Bloomberg tickers) does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. It is not possible to invest directly in an unmanaged index. Prior to September 25th, 2009, the ICE BofAML Indices were known as the Merrill Lynch Indices.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

04/08/2010

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B45J8M76

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

Overview Footnotes & Disclosures

disclosures

This share class aims to pay dividends at the frequency stated above. Dividend payout is not guaranteed.

RELATED

Managers

Andrew R. Jessop

Portfolio Manager, High Yield

View Profile

Fees & Expenses

Unified Fee1 1.05%
Fees & Expenses Footnotes & Disclosures

disclosures

1Unified management fee is a single fixed Management Fee out of which the fees of the Investment Advisers, the Administrator and Custodian shall be paid, and certain other expenses including the fees of Paying Agents (and other local representatives) in jurisdictions where the Funds are registered.

Prices & Performance

Daily Statistics

All data as of 17/10/2018

NAV (EUR) 9.92 One Day Return -0.10%
Daily Change (EUR) -0.01 Daily YTD Return -1.47%
Daily YTD Return (net of 5% Preliminary Charge) -6.41%
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