GIS US High Yield Bond Fund

ISIN: IE00B193MN38

Updated 17 May 2019

  • The Fund may use or invest in financial derivatives.

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  • DAILY NAV (USD)
    10.61
  • DAILY YTD RETURN
    8.26%
  • TOTAL NET ASSETS (USD)
    2,802 MM
    (as of 30/04/2019)
  • TOTAL NET ASSETS (USD)
    2,802 MM
    (as of 30/04/2019)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/07/2006
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/07/2006

Objective

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

Overview

Fund Description

The US High Yield Bond Fund seeks to maximise total return and limit risk. The fund invests at least two-thirds of its assets in a diversified portfolio of US high yield bonds rated lower than Baa by Moody’s or BBB by S&P, with a maximum of 30% 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 US High Yield Constrained Index

PRIMARY BENCHMARK DESCRIPTION

ICE BofAML US High Yield Constrained Index tracks the performance of US dollar denominated below investment grade rated corporate debt publically issued in the US domestic market. To qualify for inclusion in the index, securities must have a below investment grade rating (based on an average of Moody's, S&P, and Fitch) and an investment grade rated country of risk (based on an average of Moody's, S&P, and Fitch foreign currency long term sovereign debt ratings).

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

31/07/2006

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B193MN38

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

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Hozef Arif

Portfolio Manager, High Yield

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2019 6.34%
Annualised Distribution Yield2 as of 31/03/2019 4.90%
Average Payout Yield Since Inception 3,4 as of 30/04/2019 5.49%
Current Yield5 as of 30/04/2019 5.80%
Underlying Portfolio Yield6 as of 30/04/2019 4.35%
Average Annualised Distribution Yield as of 31/03/2019 4.92%
Latest Dividend Distribution3,7 as of 28/03/2019 (USD) 0.12840
Dividend Distribution (YTD) 3,8 as of 28/03/2019 (USD) 0.12840
Average Distribution Since Inception (per annum) 3,9 as of 28/03/2019 (USD) 0.54263

Composition of Historical Dividend Distribution

Ex-Dividend Date Dividend Per Share ({{ overviewDataJSON.nav_currency }}) % of Distribution from Net Distributable Income % of Distribution from Capital
28/03/2019 0.128400 73.23% 26.77%
28/12/2018 0.128469 90.36% 9.64%
27/09/2018 0.125172 78.79% 21.21%
28/06/2018 0.127542 99.82% 0.18%
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, 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.
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 1