Press Release

PIMCO Launches GIS ESG Income Fund

The strategy, unique within PIMCO’s suite of Income products, seeks to generate attractive income for clients through a focus on sustainable investments

 

London, England - (April 29th, 2021) – PIMCO, one of the world’s premier fixed income investment managers, has launched the PIMCO GIS ESG Income Fund, which targets investments with strong Environmental, Social and Governance (ESG) credentials, while aiming to maintain a high and consistent level of dividend income for investors.

The fund will be managed by a team of senior portfolio managers averaging more than 20 years of investment experience: Joshua Anderson, Managing Director; Jing Yang, Executive Vice President; Jelle Brons, Executive Vice President; Dan Ivascyn, PIMCO Group Chief Investment Officer and Managing Director; and Alfred Murata, Managing Director.

The PIMCO GIS ESG Income Fund is the newest addition to PIMCO’s GIS Income Suite and ESG Fund offerings.  PIMCO’s GIS Income Suite includes the GIS Income Fund and the GIS Low Duration Income Fund.  PIMCO’s GIS ESG Fund offerings include the GIS Global Bond ESG Fund, the GIS Emerging Markets Bond ESG Fund, and the GIS Climate Bond Fund, among others.  Like other products in the Income Suite, the PIMCO GIS ESG Income Fund pursues a global, multi-sector and flexible approach, but is uniquely dedicated to ESG-related investments for those who want to pursue income from more sustainable sources.

“In a lower-for-longer investment environment, PIMCO is well positioned as an active manager to find compelling opportunities in a rapidly evolving investment landscape that includes greater demand for strategies targeting sustainable investments,” said Mr. Ivascyn. “The addition of the PIMCO GIS ESG Income Fund brings PIMCO’s leadership in income investing to clients who want a unique, dedicated ESG strategy.”

PIMCO has been investing in socially responsible investments since 1989 and launched its first ESG-dedicated funds in 2017.  PIMCO’s sustainable assets under management have grown to $617 billion, as of March 31st, 2021.


1 Sustainable Investment AUM includes third party and Allianz Socially Responsible AUM (negative screened portfolios), ESG AUM (portfolios with ESG objectives) and thematic AUM.

Media Contacts

Michael Reid
Global Head of Corporate Communications – New York
+1.212.597.1301
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications – New York
+1.212.597.1054
agnes.crane@pimco.com

Joy Sheetz
U.S. Corporate Communications – New York
+1.646.870.2025
joy.sheetz@pimco.com

Laura Batty
U.S. Corporate Communications – Newport Beach
+1.949.720.6209
laura.batty@pimco.com

Lisa Papas
U.S. Corporate Communications – Newport Beach
+1.949.720.6751
lisa.papas@pimco.com

Laura Thomas
UK & EMEA Corporate Communications – London
+44 203 640 1520
laura.thomas@uk.pimco.com

Wendy Svirakova
UK & EMEA Corporate Communications – London
+44 203 640 1237
wendy.svirakova@pimco.com

Li Anne Wong
APAC Corporate Communications – Singapore
+65 6491 8068
lianne.wong@pimco.com

Disclosures

About PIMCO

PIMCO is one of the world’s premier fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50 years since, the firm has continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today PIMCO has offices across the globe and 3,000+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz SE, a leading global diversified financial services provider.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative or by visiting www.pimco.com. Please read them carefully before you invest or send money.

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available. Encourage your clients to read them carefully.

Past performance is not a guarantee or a reliable indicator of future results.

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies.  A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term.  New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies.  A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.

Although the Fund may seek to maintain stable distributions, the Fund’s distribution rates may be affected by numerous factors, including but not limited to changes in realized and projected market returns, fluctuations in market interest rates, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the Fund’s distribution rate or that the rate will be sustainable in the future.

For instance, during periods of low or declining interest rates, the Fund’s distributable income and dividend levels may decline for many reasons. For example, the Fund may have to deploy uninvested assets (whether from purchases of Fund shares, proceeds from matured, traded or called debt obligations or other sources) in new, lower yielding instruments. Additionally, payments from certain instruments that may be held by the Fund (such as variable and floating rate securities) may be negatively impacted by declining interest rates, which may also lead to a decline in the Fund’s distributable income and dividend levels.

GIS FUNDS PIMCO Funds: Global Investors Series plc is an umbrella type open-ended investment company with variable capital and is incorporated with limited liability under the laws of Ireland with registered number 276928. The information is not for use within any country or with respect to any person(s) where such use could constitute a violation of the applicable law. The information contained in this communication is intended to supplement information contained in the prospectus for this Fund and must be read in conjunction therewith. Investors should consider the investment objectives, risks, charges and expenses of these Funds carefully before investing. This and other information is contained in the Fund's prospectus. Please read the prospectus carefully before you invest or send money. Past performance is not a guarantee or a reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future. Returns are net of fees and other expenses and include reinvestment of dividends. The performance data represents past performance and investment return and principal value will fluctuate so that the PIMCO GIS Funds shares, when redeemed, may be worth more or less than the original cost. Potential differences in performance figures are due to rounding. The Fund may invest in non-U.S. or non-Eurozone securities which involves potentially higher risks including non-U.S. or non-Euro currency fluctuations and political or economic uncertainty. For informational purposes only. Please note that not all Funds are registered for sale in every jurisdiction. Please contact PIMCO for more information. For additional information and/or a copy of the Fund's prospectus, please contact the Administrator: State Street Fund Services (Ireland) Limited, Telephone +353-1-776-0142, Fax +353-1-562-5517. © 2021.

A word about risk: Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.  Diversification does not ensure against loss.

Socially responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by PIMCO will reflect the beliefs or values of any one particular investor.  Information regarding responsible practices is obtained through voluntary or third-party reporting, which may not be accurate or complete, and PIMCO is dependent on such information to evaluate a company’s commitment to, or implementation of, responsible practices.  Socially responsible norms differ by region.  There is no assurance that the socially responsible investing strategy and techniques employed will be successful. Past performance is not a guarantee or reliable indicator of future results.

PIMCO as a general matter provides services to professional investors, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world.