GIS Emerging Local Bond Fund

ISIN: IE00B29K0P99

Updated 19 July 2019

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  • DAILY NAV (USD)
    13.85
  • DAILY YTD RETURN
    13.25%
  • TOTAL NET ASSETS (USD)
    2,475 MM
    (as of 30/06/2019)
  • TOTAL NET ASSETS (USD)
    2,475 MM
    (as of 30/06/2019)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    11/12/2007
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    11/12/2007

Objective

The investment objective of the Emerging Local Bond Fund is to seek to maximise total return, consistent with prudent investment management.

Overview

Fund Description

The Emerging Local Bond Fund offers efficient exposure to fast growing emerging markets by investing 80% of its assets in fixed income securities denominated in the local currencies of emerging countries. The fund may use derivatives such as options, futures, or swaps, and may or may not hedge its exposure to non-US currencies.

Investor Benefits

This fund offers exposure to high interest rates in EM countries and to appreciation of EM currencies, with a low correlation to other asset classes.

The Fund Advantage

The fund leverages PIMCO’s disciplined investment process and expertise in local market inefficiencies to overcome complex investment entry barriers.

PRIMARY BENCHMARK

JPMorgan Government Bond Index‑Emerging Markets Global Diversified Index (Unhedged)

PRIMARY BENCHMARK DESCRIPTION

JPMorgan Government Bond Index-Emerging Markets Global Diversified Index (Unhedged) is a comprehensive global local emerging markets index, and consists of regularly traded, liquid fixed-rate, domestic currency government bonds to which international investors can gain exposure. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

11/12/2007

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B29K0P99

TICKER

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SEDOL

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SHARE CLASS CURRENCY

CUSIP

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VALOR

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WKN

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VAG Compliance

Traspasable

Yes

RELATED

Managers

Pramol Dhawan

Head of Emerging Markets Portfolio Management

View Profile

Ismael Orenstein

Portfolio Manager, Emerging Markets

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/06/2019 7.61%
Current Yield2 as of 30/06/2019 6.33%
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.
2The 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.

Fees & Expenses

Unified Fee 0.89%

Prices & Performance

Daily Statistics

All data as of 19/07/2019

NAV (USD) 13.85 One Day Return 0.51%
Daily Change (USD) 0.07 Daily YTD Return 13.25%
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