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Prospectus Key Fact Statements Annual Report Semi Annual Report

GIS Balanced Income and Growth Fund

ISIN: IE00B3SWFQ91

Updated 08 May 2024

Prospectus Key Fact Statements Annual Report Semi Annual Report
  • The Fund aims to achieve its investment objective by taking exposure to a wide range of asset classes, including equities, fixed income, commodities and property.
  • The Fund’s asset allocation strategy may not achieve the desired results under all circumstances and market conditions. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs than a fund with static allocation strategy.
  • Equity securities generally have greater price volatility than fixed income securities.
  • Investments in fixed income instruments are subject to credit, interest rate, liquidity, credit rating and downgrade risks. The Fund is also subject to risks of investing in high yield, below investment grade and unrated securities.
  • It is subject to risks associated with global investment, emerging markets, valuation, sovereign debt, currency, RMB currency and conversion and repurchase / reverse repurchase transactions.
  • It may invest more than 10% of its net assets in securities issued or guaranteed by a single sovereign issuer with a credit rating below investment grade (e.g. South Africa and Turkey) which may be subject to increased credit risk and risk of default.
  • It may invest in financial derivative instruments which may involve additional risks (e.g. counterparty/credit, liquidity, valuation, volatility, over-the-counter transaction and leverage risks).
  • It may at its discretion pay dividends out of capital directly or effectively, which amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to the original investment. Any distributions involving the payment of dividends out of the Fund’s capital may result in an immediate reduction of the Fund’s net asset value per share.
  • Investments involve risks and your investment may suffer significant losses.
  • Investors should not rely solely on this material and should read the offering documents of the Fund for further details including the risk factors.

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  • DAILY NAV (USD)
    9.88
  • DAILY YTD RETURN
    5.40%
  • TOTAL NET ASSETS (USD)
    761 MM
    (as of 30/04/2024)
  • TOTAL NET ASSETS (USD)
    761 MM
    (as of 30/04/2024)
  • CLASS
    Multi Asset
  • CLASS INCEPTION DATE
    28/01/2011
  • CLASS
    Multi Asset
  • CLASS INCEPTION DATE
    28/01/2011

Objective

The investment objective of the Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management.

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Overview

Fund Description

The Fund will utilize a global multi-sector strategy that seeks to combine the Investment Advisor’s total return investment process and philosophy with income maximization. Portfolio construction is founded on the principle of diversification across a broad range of equity and global fixed income securities.

Investor Benefits

  • Innovative approach to the multi-asset income space, providing the potential for both income and growth
  • Access to PIMCO’s expertise in multi-asset investing across global fixed income, global equities, and additional macro-driven tactical strategies in a stable, yet flexible 60/40 construct

The Fund Advantage

The Fund leverages PIMCO’s industry-leading macroeconomic views, time-tested investment process, and robust quantitative capabilities. PBIG is thoughtfully-designed as a diversified and stable multi-asset strategy composed of global core equities, flexible income-oriented fixed income, and tactical flexibility intended to provide a ballast in clients’ portfolios across all market environments.

PRIMARY BENCHMARK

60% MSCI ACWI Index / 40% Bloomberg US Aggregate Bond Index

PRIMARY BENCHMARK DESCRIPTION

The MSCI ACWI Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The Index consists of a group of country indices comprising developed and emerging market country indices. It is not possible to invest directly in an unmanaged index. Bloomberg U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

28/01/2011

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B3SWFQ91

TICKER

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SEDOL

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SHARE CLASS CURRENCY

CUSIP

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VALOREN

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WKN

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VAG Compliance

Traspasable

Yes

INC share class aims to pay dividends at the frequency stated above. Dividend payout is not guaranteed.

Managers

Emmanuel S. Sharef

Portfolio Manager, Asset Allocation and Multi Real Asset

View Profile for Emmanuel S. Sharef

Erin Browne

Portfolio Manager, Asset Allocation

View Profile for Erin Browne

Daniel J. Ivascyn

Group Chief Investment Officer

View Profile for Daniel J. Ivascyn

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2024 3.55%
Annualised Distribution Yield2 as of 31/03/2024 4.53%
Current Yield3 as of 30/04/2024 1.70%
Average Annualised Distribution Yield as of 31/03/2024 4.34%
Latest Dividend Distribution4,5,6 as of 27/03/2024 (USD) 0.11250
Dividend Distribution (YTD) 4,5,7 as of 27/03/2024 (USD) 0.11250

Composition of Historical Dividend Distribution

Ex-Dividend Date {{ overviewDataJSON.dividend_currency_nav }} % of Distribution from Net Distributable Income % of Distribution from Capital
27/03/2024 0.112500 80.65% 19.35%
28/12/2023 0.112500 73.95% 26.05%
28/09/2023 0.090031 100.00% 0.00%
29/06/2023 0.092699 100.00% 0.00%

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. Yields reported gross of fees, the deduction of which will reduce the yield.
2For funds with quarterly distribution, the annualised distribution yields are annualised on a 12 month calendar year [Annualised distribution yield= ( Dividend Rate * 4 ) / NAV on ex-dividend day]. Dividend is not guaranteed. A positive distribution yield does not imply a positive return.
3Current yield is a security’s annual income (interest or dividends) divided by its current price. The 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. Yields reported gross of fees, the deduction of which will reduce the yield.
4The dividend amount or dividend distribution rate/yield is based on historical dividend amount or dividend rate/yield. The dividend amount or dividend rate/yields is not guaranteed.
5Dividend is not guaranteed. Past distributions are not necessarily indicative of future trends, which may be lower. A positive distribution yield does not imply a positive return. Distribution payments of the Fund where applicable, may at the sole discretion of the Fund, be made out of either income and/ or capital of the Fund. In the case of the Fund, the Fund may at its discretion pay dividends out of capital which may result in an immediate reduction of the Fund’s NAV per share. In the case of Income II Shares, the Fund may at its discretion pay dividends out of capital as well as take into account the yield differential arising from share class currency hedging (which constitutes a distribution from capital). The management and other fees payable by the Income II Shares may also be charged to the capital of the Income II Shares, resulting in an increase in distributable income available for the payment of dividends and therefore, the Income II Shares may effectively pay dividends out of capital. This may result in an immediate reduction of the NAV per share for the Income II Shares.
6Data does not include special cash dividends.
7Data is based on distributions since the most recent calendar year end and does not include special cash dividends.

Fees & Expenses

Unified Fee8 2.15%

disclosures

8Unified management fee is a single fixed Management Fee out of which the fees of the Investment Advisers, the Administrator and Custodian shall be paid, and certain other expenses including the fees of Paying Agents (and other local representatives) in jurisdictions where the Funds are registered.

Prices & Performance - Past performance does not predict future returns

The investment objective and policy of the Fund was changed on 29 November 2023, the performance prior to this were achieved under circumstances that no longer apply.

Daily Statistics

All data as of 08/05/2024

NAV (USD) 9.88 One Day Return -0.10%
Daily Change (USD) -0.01 Daily YTD Return 5.40%

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.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

disclosures

Past performance is not indicative of future performance and no guarantee is being made that similar returns will be achieved in the future. All period longer than one year are annualized. Performance shown is on a NAV-to-NAV basis in the denominated currency and are net of fees and other expenses and on the assumption that dividends are reinvested, as applicable. Investment returns not denominated in USD/HKD are exposed to exchange rate fluctuations. Performance data has been calculated in the currency as shown above including ongoing charges and excluding subscription fee and redemption fee that an investor might have to pay.
Where no past performance is shown, there was insufficient data in that year to provide performance.
Daily YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.
Morningstar ratings are shown for funds with 4 or 5 star ratings only. Other share classes ratings are either lower or unavailable. A rating is not a recommendation to buy, sell or hold a fund. © 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Rating™ is for the above share class only; other classes may have different performance characteristics.

Portfolio Composition

All data as of unless otherwise stated

Asset Allocation Market Value %

US Equities 42.10
Developed ex-US Equities 16.13
Emerging Markets Equities 7.21
US Fixed Income 46.48
Developed ex-US Fixed Income -0.59
Emerging Markets Fixed Income 4.72
Commodities 0.00
Net Other Short Duration Instruments9 -16.05

Top 10 Country by Currency of Settlement (Duration in Yrs)

United States 1.41
Colombia 0.06
Australia 0.05
Spain 0.05
Mexico 0.03
Canada 0.02
South Africa 0.02
Brazil 0.02
European Union -0.02
Japan -0.16

disclosures

9Net Other Short Duration Instruments includes securities and other instruments (except instruments tied to emerging markets by country of risk) with an effective duration less than one year and rated investment grade or higher or, if unrated, determined by PIMCO to be of comparable quality, commingled liquidity funds, uninvested cash, interest receivables, net unsettled trades, broker money, short duration derivatives (for example Eurodollar futures) and derivatives offsets. With respect to certain categories of short duration securities, the Adviser reserves the discretion to require a minimum credit rating higher than investment grade for inclusion in this category. Derivatives Offsets includes offsets associated with investments in futures, swaps and other derivatives. Such offsets may be taken at the notional value of the derivative position which in certain instances may exceed the actual amount owed on such positions.

Documents

Fund Notice

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Disclosures

Source: PIMCO, index provider for benchmark data.

A rating is not a recommendation to buy, sell or hold a fund. Past performance is not an indicator of future results.
Investment involves risk including possible loss of the principal amount invested. 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. PIMCO Funds: Global Investors Series plc has appointed PIMCO Asia Limited as the Hong Kong Representative. 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 Hong Kong Prospectus, which may be obtained from our website www.pimco.com.hk or by contacting the Hong Kong Representative or your fund distributor and/or financial advisor. Prospective investors should read the Fund’s Hong Kong Prospectus before deciding whether to subscribe for or purchase shares in any of the Funds. Investor may also wish to seek advice from a financial advisor before making a commitment to invest and in the event you choose not to seek advice, you should consider whether the investment is suitable for you. The Funds typically offer different share classes, which are subject to different fees and expenses (which may affect performance), have different minimum investment requirements and are entitled to different services. Unless otherwise stated in the prospectus, the Fund referenced in this website is not managed against a particular benchmark or index, and any reference to a particular benchmark or index in this website is made solely for risk or performance comparison purposes. Fund performance will be available after the Fund has attained a 6 month investment track record.