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PIMCO GIS Global Investment Grd Crdt Fd

Ranked 4 out of 4 in - Global Corporates over 12 months
All calculations are in USD unless stated

Managed by

Jelle Brons

Mark Kiesel

Mark Kiesel is chief investment officer of global credit at Pimco and a managing director in the Newport Beach office. He is a member of the investment committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business, as well as credit research. Morningstar named him Fixed Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets. He joined Pimco in 1996 and previously served as the firm’s global head of investment grade corporate bonds and as a senior credit analyst. He has 26 years of investment experience.

Mohit Mittal

Mohit Mittal is a managing director and portfolio manager in the Newport Beach office at Pimco. He manages multi-sector portfolios with an added specialisation in long credit, investment grade credit, total return and unconstrained bond portfolios. In addition, he is head of the US investment grade, high yield and emerging market credit trading desks. Previously, he was a specialist on Pimco’s interest rates and derivatives desk. He joined the firm in 2007 and holds an MBA from the Wharton School of the University of Pennsylvania and an undergraduate degree in computer science from Indian Institute of Technology (IIT) in Delhi, India.

Objective

The investment objective of the Global Investment Grade Credit Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management. The Fund invests at least two-thirds of its assets in a diversified portfolio of investment grade corporate Fixed Income Securities of issuers, having their registered office or predominant operations in at least three countries, one of which may be the U.S.

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Performance

Global Corporates over : 31/05/2019 - 31/05/2020

Total Return

Quarterly Performance

to 31/03/2020 Annual Q1 Q2 Q3 Q4
2020 -7.9%
2019 11.5% 4.4% 3.7% 1.0% 2.0%
2018 -3.5% -0.1% -2.9% 0.3% -0.8%
2017 10.2% 2.3% 3.7% 2.7% 1.1%
2016 5.4% 4.5% 2.3% 2.6% -3.8%
2015 -2.9% -0.5% -1.0% -0.9% -0.6%
2014 2.9% 2.4% 3.2% -2.4% -0.3%
2013 1.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2020

Top 10 Holdings

Stock Size
Fin Fut Eur-Bund 10yr Eux 06/08/20 8.61%
PIMCO US Dollar S/T Fl NAV Z USD Inc 7.60%
Fin Fut Euro-Schatz 2yr Eux 06/08/20 3.51%
Federal National Mortgage Association 3.5% 3.44%
United States Treasury Bonds 2.38% 3.10%
Federal National Mortgage Association 3% 2.81%
Federal National Mortgage Association 4% 2.13%
United States Treasury Bonds 3% 2.09%
United States Treasury Bonds 2.88% 1.80%
31/03/2020

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Greece
  8. Hong Kong
  9. Ireland
  10. Italy
  11. Liechtenstein
  12. Luxembourg
  13. Macao
  14. Netherlands
  15. Norway
  16. Singapore
  17. Spain
  18. Sweden
  19. Switzerland
  20. United Arab Emirates
  21. United Kingdom

Fund Info

  • Launch date23/07/2003
  • Share Class size152Mn
  • Base currencyUSD
  • ISIN IE00B8DTNZ55

Purchase Info

  • Min. initial investment5Mn

Charges

  • Annual management0.49%

Related News

Bond giant Pimco’s base scenario for the asset class

The $1.88tn firm is ‘relatively cautious’ on bond markets, says A-rated Mark Kiesel, its CIO for global credit.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).