Global Bond Fund

ETL0018AU

Updated 21 June 2018

Objective

To achieve maximum total return by investing in global fixed interest securities, and to seek to preserve capital through prudent investment management.

Investments Held

Predominantly invests in government, corporate, mortgage and other global fixed interest securities. The Fund invests in investment grade securities, but may also hold non-investment grade and emerging market securities.

Overview

Fund Overview

Access high-quality fixed income worldwide

By investing in high-quality, developed countries around the world, the Fund provides diverse exposure to multiple economies, interest rates and yield curves, which may enhance return potential, reduce overall portfolio volatility and help mitigate the threat of rising interest rates.

Why Invest In This Fund

A global opportunity set

Broadly diversified, the Fund strives to capture attractive risk-adjusted returns across the global bond markets, which can help to both mitigate volatility and hedge against risks in other asset classes, such as equities. Diversification does not guarantee a profit or protect against loss.

High-quality emphasis

Guided by PIMCO’s global perspective and on-the-ground insights into country fundamentals, the Fund targets a portfolio of primarily investment grade bonds from around the developed world, making this an excellent building block for core bond investments.

Time-tested process

Supported by a deep international presence with over 50 global portfolio managers located around the world, the fund capitalises on PIMCO’s thought leadership and time-tested investment process, which guide portfolio construction via our top-down macroeconomic outlook and rigorous bottom-up credit analysis.

Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates.

Our Expertise

A 24-hour team to cover the global investment universe

With dedicated sector and regional specialists in 11 offices around the world, PIMCO’s depth and reach allow us to efficiently and effectively access all global fixed interest markets.

PRIMARY BENCHMARK

Bloomberg Barclays Global Aggregate Index hedged into AUD

PRIMARY BENCHMARK DESCRIPTION

The Bloomberg Barclays Global Aggregate Index hedged into AUD is an unmanaged market index representative of the total return performance of major world bond markets on a AUD hedged basis. It is not possible to invest in an unmanaged index.

DISTRIBUTION FREQUENCY

Quarterly

SHARE CLASS INCEPTION

28/04/2004

APIR Code

ETL0018AU

mFund Code

PMF03

Currency

AUD

RELATED

Managers

Andrew Balls

CIO Global Fixed Income

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Sachin Gupta

Head of Global Portfolio Management Desk

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Lorenzo Pagani

Head of European Government Bond Portfolio Management

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Yields & Distributions

Historical Prices & Distributions

Latest Dividend Distribution ($ Share)1 as of 29/03/2018 $0.00100
Dividend Distribution (FYTD) as of 29/03/2018 $0.01357
Yields & Distributions Footnotes & Disclosures

disclosures

1Distribution is paid quarterly in March, June, September and December.

Fees & Expenses

Total Annual Management Costs %2 0.49%
Fees & Expenses Footnotes & Disclosures

disclosures

2Management costs quoted are inclusive of Goods and Services Tax (GST) and net of any Reduced Input Tax Credits (RITC) at the prescribed rate, which is currently either 55% or 75% (depending on the nature of the fee or expense).

Performance

  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Month End
  • Quarter End

All data as of

  • Month End
  • Quarter End
Past performance is not a reliable indicator of future results. Fund performance is quoted net of fees and expenses and assumes the reinvestment of all distributions but does not take into account personal income tax.

Fiscal Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar and Lipper

  • Morningstar Ratings
  • Lipper Rankings
Performance Footnotes & Disclosures

disclosures

Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.
Monthly YTD return is from the most recent calendar year end.
Growth of $10,000 is calculated at NAV and assumes that all distributions were reinvested. It does not take into account fees or the effect of taxes. Results are not indicative of future performance.

Portfolio Composition

All data as of unless otherwise stated

Region - Duration in Years

North America 2.84
Europe - EMU 1.60
Europe - Non-EMU 0.39
Japan 0.25
Australia/NZ 0.24
Emerging Markets 0.13
United Kingdom 0.01
Other -0.15

Sector Allocation - Duration in Years

Government 1.88
Semi-Gov 0.13
Agency 0.14
IG Corporates 0.55
High Yield 0.17
Securitised 1.60
Emerging Markets 0.27
Cash Equiv & Other 0.56

Risk Characteristics
(Trailing 3 Years)

Standard Deviation3 2.60
Sharpe Ratio4 1.34
Information Ratio5 0.65
Tracking Error6 1.13

Credit Quality Exposure -
Market Value %

AAA 60.49
AA 6.53
A 12.44
BBB 12.82
Sub Investment Grade 7.73

Currency Exposure %

Australia/NZ 99.97
Emerging Markets 5.63
Europe - EMU -2.94
Other -2.46
North America -1.10
United Kingdom 0.73
Japan 0.15
Europe - Non-EMU 0.01

Duration %

0-1 yrs 10.98
1-3 yrs -7.25
3-5 yrs 56.29
5-7 yrs 22.41