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PIMCO Funds- Global Investors Series Plc - Diversified Income Fund

Global diversified bonds. Active diversified strategy with about 1/3 investment grade bonds, 1/3 high yield bonds, and 1/3 emerging market bonds.

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About the Fund

Data as of

PIMCO is well known as a leading global asset management firm in active fixed income investing, managing over US$2tn of assets with majority in fixed income solutions.

The PIMCO GIS Diversified Income Fund is an actively managed bond strategy seeking to maximise total return by focusing on broad global credit market exposure by investing primarily in developed market corporate bonds and emerging market bonds. The fund has a customised benchmark representing 1/3 developed markets investment grade bonds, 1/3 developed markets high yield bonds, and 1/3 emerging market sovereign and quasi-sovereign bonds. The fund is unconstrained by the benchmark but takes reference and has a portfolio exposure similar to the benchmark asset allocations, with the addition of some developed market sovereigns, securitised assets and derivatives exposures. The fund can also invest up to 20% in non-USD exposures.

PIMCO's investment process combines top-down macroeconomic views with bottom-up security selection. The managers dynamically adjust the portfolio's duration and credit exposure in response to changing market conditions. The fund runs a highly diversified portfolio of >2000 holdings.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

PIMCO Funds- Global Investors Series Plc - Diversified Income Fund

Ann. return (3-year):
8.24%
Ann. return (5-year):
1.91%
Ann. return (10-year):
4.29%
Ann. Standard Deviation (5-year):
7.22%

This fund provides a focused strategy into global investment grade and high yield corporate bonds as well as emerging market bonds. This appeals to investors looking for a global diversified bond solution with low developed market sovereign exposures.

Benchmark Returns

SPDR Bloomberg Global Aggregate Bond UCITS ETF

Ann. return (3-year):
3.84%
Ann. return (5-year):
0.66%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
4.81%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - World Allocation 20/80 Fund

Ann. return (3-year):
7.18%
Ann. return (5-year):
3.55%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
4.10%
Link to the Funds FairSheet

The Dimensional World Allocation 20/80 Fund is our FAIRHORIZON Blue reference benchmark solution that has 20% global developed equities and 80% global investment grade short-to-medium maturity bonds for global high quality bonds-like returns and volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  PIMCO Funds- Global Investors Series Plc - Diversified Income Fund  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund provides a focused strategy into global investment grade and high yield corporate bonds as well as emerging market bonds. This appeals to investors looking for a global diversified bond solution with low developed market sovereign exposures.

Manager expertise

PIMCO’s Group CIO, Dan Ivascyn, as well as Alfred Murata, have been co-managing the fund since 2016.

Differentiated portfolio

The fund offers a distinct and specific focus on corporate bonds and emerging markets with about 1/3 in DM investment grade bonds, 1/3 in DM high yield bonds, and 1/3 in EM bonds.

Performance

The fund has a proven track record of delivered attractive total return over time. The differentiated portfolio compared to the Bloomberg Global Aggregate Index has also resulted in strong outperformance of the fund.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-23.22%
Recovery Period
979 Days

Diversification

Credit Rating

  • Aaa3.37%
  • Aa5.61%
  • A5.68%
  • Baa17.65%
  • Ba13.42%
  • B9.21%
  • Caa3.38%
  • Ca0.13%
  • C0.15%
  • Others41.40%

Sectors

  • Corporate42.71%
  • Securitized25.93%
  • Government-Related20.22%
  • Treasury6.51%
  • Others4.64%

Geography

  • U.S.A.48.55%
  • Ireland4.55%
  • United Kingdom4.47%
  • Mexico2.50%
  • Cayman Islands2.03%
  • France1.66%
  • Italy1.54%
  • Luxembourg1.53%
  • Netherlands1.51%
  • Australia1.44%
  • Colombia1.34%
  • Others28.88%