GIS Low Duration Income Fund

ISIN: IE00BDT57T44

Updated 21 June 2019

  • The Fund may use or invest in financial derivatives.

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  • DAILY NAV (USD)
    10.42
  • DAILY YTD RETURN
    4.20%
  • TOTAL NET ASSETS (USD)
    381 MM
    (as of 31/05/2019)
  • TOTAL NET ASSETS (USD)
    381 MM
    (as of 31/05/2019)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/05/2018
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/05/2018

Objective

The primary investment objective of the Fund is to seek attractive income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective.

Overview

Fund Description

The Low Duration Income Fund is a portfolio that is actively managed and utilizes a broad range of fixed income securities to seek to deliver attractive income while maintaining relatively low interest rate exposure, with a secondary goal of capital appreciation.

Investor Benefits

This fund seeks to meet the needs of investors who are targeting a competitive and consistent level of income without compromising total return, while maintaining low interest rate risk. The fund seeks to generate a competitive monthly dividend while also maintaining a focus on the total return objective. The fund aims to achieve this by employing PIMCO’s best income-generating ideas across global fixed income sectors with a focus on risk-factor diversification.

The Fund Advantage

This fund is designed for investors who seek steady income: it takes a broad-based approach to investing in income-generating bonds. The fund taps into multiple areas of the global bond market, and employs PIMCO’s vast analytical capabilities and sector expertise to help temper concentration risks. This approach seeks to provide consistent income with low interest rate exposure over the long term.

PRIMARY BENCHMARK

Bloomberg Barclays U.S. Aggregate 1‑3 Years Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays U.S. Aggregate 1-3 Years Index represents securities that are SEC-registered, taxable, and dollar denominated with a maturity between one and three years. 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. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

31/05/2018

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00BDT57T44

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

No

Overview Footnotes & Disclosures

disclosures

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

Managers

Alfred T. Murata

Portfolio Manager, Mortgage Credit

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Daniel J. Ivascyn

Group Chief Investment Officer

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Eve Tournier

Head of European Credit Portfolio Management

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/05/2019 5.02%
Current Yield4 as of 31/05/2019 3.92%
Underlying Portfolio Yield5 as of 31/05/2019 2.62%
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.
2Dividend 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.
3For 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].
4Current 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.
5The 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.
6For 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 Fee7 1.30%
Fees & Expenses Footnotes & Disclosures

disclosures

7Unified 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 21/06/2019

NAV (USD) 10.42 One Day Return 0.00%
Daily Change (USD) 0.00 Daily YTD Return 4.20%
Daily YTD Return (net of 5% Preliminary Charge) -1.04%
Click here to view Historical Prices