GIS Global Real Return Fund

ISIN: IE00BDD2BB16

Updated 09 May 2018

  • The Fund may use or invest in financial derivatives.

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  • DAILY NAV (EUR)
    10.52
  • DAILY YTD RETURN
    -1.85%
  • TOTAL NET ASSETS (USD)
    1,942 MM
    (as of 31/01/2019)
  • TOTAL NET ASSETS (USD)
    1,942 MM
    (as of 31/01/2019)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    01/10/2013
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    01/10/2013

Objective

The investment objective of the Global Real Return Fund is to seek to maximise real return, consistent with preservation of real capital and prudent investment management.

Overview

Fund Description

The Global Real Return Fund is an actively managed portfolio of intermediate duration, global inflation-linked bonds primarily issued by developed governments such as the US, UK, France, Germany, Italy and Japan. The fund may also have limited tactical holdings, including nominal government, mortgage, corporate or money market securities.

Investor Benefits

This fund offers a hedge against inflation, consistent real returns, low volatility, portfolio diversification and a broad opportunity set.

The Fund Advantage

The fund seeks to outperform its benchmark by employing PIMCO’s proven investment process and industry-leading, global, inflation-linked bond expertise.

PRIMARY BENCHMARK

Bloomberg Barclays World Government Inflation‑Linked Bond Euro Hedged Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays World Government Inflation-Linked Bond Euro Hedged index that measures the performance of the major government inflation-linked bond markets. The Index includes inflation-linked debt issued by the following countries: Australia, Canada, France, Sweden, UK, & the United States. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

01/10/2013

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BDD2BB16

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

Mihir P. Worah

CIO Asset Allocation and Real Return

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Lorenzo Pagani

Head of European Government Bond Portfolio Management

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Michael Althof

Portfolio Manager, Real Return

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/01/2019 3.72%
Annualised Distribution Yield2 as of 31/03/2018 1.18%
Average Payout Yield Since Inception 3,4 as of 31/01/2019 1.55%
Current Yield5 as of 31/01/2019 0.94%
Underlying Portfolio Yield6 as of 31/01/2019 0.45%
Average Annualised Distribution Yield as of 31/03/2018 2.05%
Latest Dividend Distribution3,7 as of 28/03/2018 (EUR) 0.03142
Dividend Distribution (YTD) 3,8 as of 28/03/2018 (EUR) 0.03142
Average Distribution Since Inception (per annum) 3,9 as of 28/03/2018 (EUR) 0.16254

Composition of Historical Dividend Distribution

Ex-Dividend Date Dividend Per Share ({{ overviewDataJSON.nav_currency }}) % of Distribution from Net Distributable Income % of Distribution from Capital
28/03/2018 0.031419 - -
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. Yields reported gross of fees, the deduction of which will reduce the yield.
2For funds with quarterly distribution, the annualised distribution yields are annualised on a 12 month calendar year [Annualised distribution yield= ( Dividend Rate * 4 ) / NAV on ex-dividend day]. Dividend is not guaranteed. A positive distribution yield does not imply a positive return.
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 and the Income II Shares, the Fund may at its discretion pay dividends out of capital and charge management fees to capital, thereby resulting in an increase in distributable income available for the payment of dividends by the Fund/Income II Shares and therefore, the Fund / Income II shares may effectively pay dividends out of capital. In the case of Income II Shares, the Fund may also charge other fees to capital and also take into account the yield differential arising from share class currency hedging (which constitutes a distribution from capital). This may result in an immediate reduction of the NAV per share for the Fund and 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.
7Data does not include special cash dividends.
8Data is based on distributions since the most recent calendar year end and does not include special cash dividends.
9For 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 Fee10 0.49%
Fees & Expenses Footnotes & Disclosures

disclosures

10Unified 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 09/05/2018

NAV (EUR) 10.52 One Day Return -0.19%
Daily Change (EUR) -0.02 Daily YTD Return -1.85%
Daily YTD Return (net of 5% Preliminary Charge) -6.76%
Click here to view Historical Prices