Asia High Yield Bond Fund

PIMCO GIS Asia High Yield Bond Fund

High Yield Doesn’t Have To Mean Higher Risk

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  • The Fund may primarily invest in Asian higher yielding fixed income instruments (i.e. fixed income instruments that are below investment grade and unrated securities of similar credit rating).
  • Investments in fixed income securities are subject to interest rate, credit, credit rating, valuation 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 emerging markets, concentration, sovereign debt, mortgage-related and other asset-backed securities, currency, liquidity and repurchase / reverse repurchase transactions.
  • It is also subject to risks relating to Mainland debt securities and direct access to the China Inter-Bank Bond Market and PRC tax risk.
  • It may invest more than 10% in non-investment grade securities issued or guaranteed by a single sovereign issuer (e.g. Maldives, Mongolia, Pakistan, Sri Lanka, and Vietnam) 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. market, counterparty, liquidity, volatility 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 document of the Fund for further details including the risk factors.

Why invest in Asia high yield?

Higher yield potential
than other fixed income asset classes

Attractive risk-adjusted return potential
compared to other credit asset classes and Asia equities

Lower volatility, higher quality alternative
relative to global high yield

Less interest rate sensitivity
than global investment grade and Emerging Markets

Why invest in PIMCO GIS Asia High Yield Bond Fund?

PIMCO’s advantage in investing in Asia

EXTENSIVE CREDIT RESOURCES

We have one of the largest Asia credit research platforms in the industry, with 9 credit analysts and 15 Asia-dedicated portfolio managers.
Our Asia team benefits from PIMCO’s global credit research platform, expertise and resources to unlock value. Having strong relationships with issuers and direct access to their management is key to identifying potential rating migration, reverse inquiries and default risks.

TOTAL RETURN VERSUS YIELD FOCUS

We seek maximum total return, focusing on credit securities with the best risk/ return profile over a full market cycle.
The Fund will not stretch for yield to invest in securities that we deem excessively risky.

HIGH-CONVICTION, BEST IDEAS APPROACH

Using PIMCO’s macroeconomic top-down view, combined with our bottom-up in-depth credit research, as well as valuation screens, our team of analysts identifies the most attractive opportunities.
The Fund maintains exposure to only 30-40% of the names in the index Footnote 1 , focusing on our best ideas.

1 This is not the Fund’s investment objectives, please refer to the Prospectus for details.

Three key roles the Fund plays in a portfolio

Diversifier

Yield enhancer

Provider of decent risk-adjusted returns

Fund Manager Interview

Investing in Asia high yield bonds: The key benefits

Stephen Chang, Portfolio Manager, Asia, shares why investors should consider Asia high yield bonds now, and how the PIMCO GIS Asia High Yield Bond Fund could complement their portfolio.


Watch Video

HELPING INVESTORS NAVIGATE THE ASIA FIXED INCOME MARKETS

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