This is a marketing communication. Please refer to the Prospectus of the PIMCO Funds: Global Investors Series Plc and to the KIID before making any final investment decisions.
Fund Description
PIMCO GIS Emerging Markets Bond ESG Fund is a diversified portfolio that invests primarily in fixed-income securities from issuers in, or economically tied to, emerging or developing countries, while focusing on environmental, social and governance (ESG) factors. The Fund is managed according to PIMCO EM investment process combined with internal ESG screening process, which includes exclusions, evaluation and engagement.
Fund Specific Risks
Credit and Default Risk
A decline in the financial health of an issuer of a fixed income security can lead to an inability or unwillingness to repay a loan or meet a contractual obligation. This could cause the value of its bonds to fall or become worthless. Funds with high exposures to non-investment grade securities have a higher exposure to this risk.
Currency Risk
Changes in exchange rates may cause the value of investments to decrease or increase.
Derivatives and Counterparty Risk
The use of certain derivatives could result in the fund having a greater or more volatile exposure to the underlying assets and an increased exposure to counterparty risk. This may expose the fund to larger gains or losses associated with market movements or in relation to a trade counterparty being unable to meet its obligations.
Emerging Markets Risk
Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty and operational risk. Investments in these markets may expose the fund to larger gains or losses.
Liquidity Risk
Difficult market conditions could result in certain securities becoming hard to sell at a desired time and price.
Interest Rate Risk
Changes in interest rates will usually result in the values of bond and other debt instruments moving in the opposite direction (e.g. a rise in interest rates likely leads to fall in bond prices).
Mortgage Related and Other Asset Backed Securities Risks
Mortgage or asset backed securities are subject to similar risks as other fixed income securities, and may also be subject to prepayment risk and higher levels of credit and liquidity risk.
Investor Benefits
This fund offers efficient exposure to emerging markets, potentially attractive risk-adjusted returns, and moderate correlations to other asset classes, while also making a positive social and environmental impact.
The Fund Advantage
The fund benefits from PIMCO’s well establish emerging markets investment process, experienced global portfolio management team with round-the-clock trading capability, and strict risk-management of the portfolio exposures. The investment process combines our global top-down views on macroeconomic environment with fundamental bottom-up analysis of EM countries. In addition the fund is fully integrated into PIMCO’s ESG framework (Exclusion, Evaluation, Engagement), which aims to deliver a positive social and environmental impact by impacting issuers’ behavior.
BENCHMARK
J.P. Morgan ESG Emerging Markets Bond Index Global Diversified
BENCHMARK DESCRIPTION
The J.P. Morgan ESG Emerging Markets Bond Index Global Diversified tracks total returns for United States Dollar denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities incorporating environmental, social, and governance factors in the index construction.
SHARE CLASS INCEPTION
16/04/2010
OLDEST SHARE CLASS INCEPTION
{{ overviewDataJSON.oldest_shareclass_inception_date }}
TICKER
{{ overviewDataJSON.symbol }}
SEDOL
{{ overviewDataJSON.sedol }}
CUSIP
{{ overviewDataJSON.cusip }}
VALOR
{{ overviewDataJSON.valoren }}
WKN
{{ overviewDataJSON.wkn }}