GIS UK Corporate Bond Fund

ISIN: IE00B24J5563

Updated 02 July 2020

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  • DAILY NAV (GBP)
    22.09
  • DAILY YTD RETURN
    0.91%
  • TOTAL NET ASSETS (GBP)
    710 MM
    (as of 31/05/2020)
  • TOTAL NET ASSETS (GBP)
    710 MM
    (as of 31/05/2020)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/09/2007
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    28/09/2007

Objective

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

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Overview

Fund Description

The UK Corporate Bond Fund is an actively managed portfolio consisting primarily of high quality sterling-denominated corporate and credit instruments. The fund is diversified broadly across industries, issuers, and regions on the basis of PIMCO’s top-down and bottom-up processes.

Investor Benefits

The fund offers diversification benefits and greater income potential relative to government bonds while seeking to retain many of the defensive features of government bonds.

The Fund Advantage

The fund looks to benefit from PIMCO’s investment process, which combines our global top-down views on the macroeconomic environment with independent bottom-up security analysis. PIMCO’s investment team has the experience and depth to actively manage a broad and diversified opportunity set.

BENCHMARK

ICE BofAML Sterling Non‑Gilts Index

BENCHMARK DESCRIPTION

ICE BofAML Sterling Non-Gilts Index tracks the performance of sterling-denominated investment grade public debt of Corporate, quasi-Government and non-UK sovereign issuers. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

28/09/2007

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B24J5563

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

Ketish Pothalingam

Portfolio Manager, U.K. Credit

View Profile for Ketish Pothalingam

Charles Watford

Credit Analyst, Europe

View Profile for Charles Watford

Eve Tournier

Head of European Credit Portfolio Management

View Profile for Eve Tournier

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/05/2020 2.32%
Current Yield2 as of 31/05/2020 2.77%

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 0.46%

Prices & Performance

Daily Statistics

All data as of 02/07/2020

NAV (GBP) 22.09 One Day Return 0.32%
Daily Change (GBP) 0.07 Daily YTD Return 0.91%

All data as of

All data as of

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.