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Fund Fact Sheets Prospectus Key Fact Statements Annual Report Semi Annual Report

GIS Total Return Bond Fund

ISIN: IE0002460867

Updated 15 April 2024

Fund Fact Sheets Prospectus Key Fact Statements Annual Report Semi Annual Report
  • The Fund may invest primarily in fixed income instruments of varying maturities.
  • Investments in fixed income securities are subject to interest rate, credit 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 mortgage-related and other asset-backed securities, emerging markets, sovereign debt, currency, liquidity, repurchase / reverse repurchase transactions.
  • It may invest extensively 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.

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  • DAILY NAV (USD)
    30.02
  • DAILY YTD RETURN
    -2.18%
  • TOTAL NET ASSETS (USD)
    4,227 MM
    (as of 31/03/2024)
  • TOTAL NET ASSETS (USD)
    4,227 MM
    (as of 31/03/2024)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/01/1998
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/01/1998

Objective

The investment objective of the Total Return Bond 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 Total Return Bond Fund is a diverse portfolio of intermediate-term, investment grade securities, actively managed to maximise total return while minimising risk relative to the benchmark. The Fund invests primarily in US government, mortgage and corporate bonds, but may have tactical allocations to municipal, high yield and non-US markets.

Investor Benefits

This Fund is an actively managed portfolio of core bonds that employs prudent risk management and seeks to maximize total returns in all market conditions.

The Fund Advantage

The Fund takes a long-term view and uses multiple concurrent strategies to limit the likelihood that any single strategy that falls out of favor would negate the positive returns from other strategies.

PRIMARY BENCHMARK

Bloomberg U.S. Aggregate Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg U.S. Aggregate 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

31/01/1998

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE0002460867

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

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

Managers

Mohit Mittal began managing the fund on 10 December 2019.

Daniel J. Ivascyn

Group Chief Investment Officer

View Profile for Daniel J. Ivascyn

Mark R. Kiesel

CIO Global Credit

View Profile for Mark R. Kiesel

Qi Wang

CIO Portfolio Implementation

View Profile for Qi Wang

Mohit Mittal

CIO Core Strategies

View Profile for Mohit Mittal

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 31/03/2024 5.85%
Current Yield2 as of 31/03/2024 3.81%

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.
2Current 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.

Fees & Expenses

Unified Fee3 0.50%

disclosures

3Unified 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

Daily Statistics

All data as of 15/04/2024

NAV (USD) 30.02 One Day Return -0.66%
Daily Change (USD) -0.20 Daily YTD Return -2.18%

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)

Morningstar Ratings

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. © 2017 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

Maturity %

0-1 yrs 0.06
1-3 yrs 11.91
3-5 yrs 28.55
5-10 yrs 47.90
10-20 yrs 9.47
20+ yrs 2.12
Effective Maturity (yrs) 7.11

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 7.49
Sharpe Ratio4 -0.70
Information Ratio5 -0.22
Tracking Error6 1.17

Top 10 Country by Currency of Settlement (DWE%)

United States 103.18
European Union 3.02
Italy 2.48
Canada 1.71
Netherlands 1.17
France 1.09
Luxembourg 1.00
Australia 0.85
Japan -6.83
Germany -9.86

Duration %

0-1 yrs 0.54
1-3 yrs 9.98
3-5 yrs 19.77
5-7 yrs 58.91
7-8 yrs -12.14
8-10 yrs 4.01
10+ yrs 18.93
Effective Duration (yrs) 5.51

Sector Allocation
Market Value %

US Government Related 16.99
Securitized 54.52
Invest. Grade Credit 28.30
High Yield Credit -2.10
Non-USD Developed 14.41
Emerging Markets7 3.11
Other 1.08
Net Other Short Duration Instruments8 -16.30

Top 10 Country by Currency of Settlement (FX%)

India 1.04
Mexico 0.99
Turkey 0.73
Brazil 0.69
Indonesia 0.40
South Korea -0.50
United Kingdom -0.60
China -0.79
Canada -1.06
Taiwan -1.07

disclosures

4The Sharpe Ratio measures the risk-adjusted performance. The risk-free rate is subtracted from the rate of return for a portfolio and the result is divided by the standard deviation of the portfolio returns.
5The information ratio is defined as the portfolio's excess return per unit of risk, or tracking error. For example, an information ratio of 1 means that a portfolio manager generates 100 basis points, or one percent of excess return for every 100 basis points of risk taken.
6Tracking error, a measure of risk, is defined as the standard deviation of the portfolio's excess return vs. the benchmark expressed in percent.
7Short duration emerging markets instruments includes an emerging market security or other instrument economically tied to an emerging market country by country of risk with an effective duration less than one year and rated investment grade or higher or if unrated, determined to be similar quality by PIMCO. Emerging Markets includes the value of short duration emerging markets instruments previously reported in another category.
8Net 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.
Duration Weighted Exposure (DWE%) is the percentage weight of each sector’s contribution to the overall duration of the fund

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.