GIS Low Duration Global Investment Grade Credit Fund

ISIN: IE00BJTCP712

Updated 17 October 2018

  • The Fund may use or invest in financial derivatives.

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  • DAILY NAV (EUR)
    9.98
  • DAILY YTD RETURN
    -2.44%
  • TOTAL NET ASSETS (USD)
    549 MM
    (as of 30/09/2018)
  • TOTAL NET ASSETS (USD)
    549 MM
    (as of 30/09/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/02/2014
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/02/2014

Objective

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

Overview

Fund Description

The PIMCO GIS Low Duration Global Investment Grade Credit Fund is an actively managed portfolio of primarily short-dated investment grade credit instruments. Portfolio duration may vary between 0-4 years and may invest up to 15% of assets in below-investment grade.

Investor Benefits

The fund is designed for investors seeking exposure to credit but with less sensitivity to interest rate risk than a traditional global credit strategy. Potential benefits include a lower duration versus traditional global credit strategies, enhanced yield relative to government bonds, PIMCO’s forward-looking investment process and a diversification across a broad set of regions and industries.

The Fund Advantage

The fund benefits from PIMCO’s global credit investment expertise, which seamlessly integrates four decades of experience with robust credit research and a time-tested, forward-looking investment process. This helps the fund to target opportunities across geographies, industries and issuers.

PRIMARY BENCHMARK

Bloomberg Barclays Global Aggregate Credit 1‑5 Yrs Index (EUR Hedged)

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays Global Aggregate Credit Index 1-5 Years Index (EUR Hedged) is an unmanaged Index that provides a broad-based measure of the global investment-grade fixed income markets having a maturity of at least 1 year and less than 5 years. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. This index excludes Government and Securitized Securities. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian securities, and USD investment grade 144A securities. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

28/02/2014

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BJTCP712

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

Mark R. Kiesel

CIO Global Credit

View Profile

Fees & Expenses

Unified Fee1 1.39%
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) 9.98 One Day Return 0.00%
Daily Change (EUR) 0.00 Daily YTD Return -2.44%
Daily YTD Return (net of 5% Preliminary Charge) -7.34%
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

Past performance is not indicative of future performance and no guarantee is being made that similar returns will be achieved in the future. All periods longer than one year are annualised. Performance shown is on a NAV-to-NAV basis in the denominated currency and are net of fees and other expenses and on the assumption that dividends are reinvested, as applicable. Where stated, performance of the Fund is also shown taking into account the maximum preliminary charge of 5%. A preliminary charge of up to 5% may or may not be deducted from the subscription amount depending on the distributor from whom you had purchased shares, as such this may not represent actual performance returns. Investment returns denominated in non-local currency may be exposed to exchange rate fluctuations.
Where no past performance is shown, there was insufficient data in that year to provide performance.
Daily YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It also assumes that $10,000 is invested into the fund, after deducting preliminary charges (if any). It does not take into account the effect of taxes. Results are not indicative of future performance.
A rating is not a recommendation to buy, sell or hold a fund. © 2018 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.

Portfolio Composition

All data as of unless otherwise stated

Maturity %

0-1 yrs 25.39
1-3 yrs 32.36
3-5 yrs 41.45