Fact sheet: Pimco GIS Euro Lg Avg Durtn

Fund information
Fund name
Pimco GIS Euro Long Average Duration EUR
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund managers
  • Lorenzo Paganisince 25/09/2014
  • Andrew Ballssince 01/02/2009
Fund objective
The Euro Long Average Duration Fund invests at least two thirds of its assets in euro-denominated, fixed-income securities. The portfolio normally maintains duration within two years of the 15-year-plus benchmark, and may invest up to 10% of its assets in non-investment grade securities. Currency exposure is limited to 10% of the fund’s assets.
Benchmark
  • Barclays Euro Government
Investment style
Total Return
Investment method
Fixed Interest
Quick stats
1 Year return
8.9%
1 Year rank in sector
2/10
Sector
FO Fixed Int - EUR Long Maturity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.46%
Fund size
£500m (£509m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
115
Top in this sector
Fund name1 Year
Pimco GIS Euro Ultra Lg Duration9.1%
Pimco GIS Euro Lg Avg Durtn8.9%
SSGA Lux EMU Gov LB Index4.6%
Dimensional EurInfLkLDFIn4.3%
KBI Inst Lng Bd Pls3.2%
...more in FO Fixed Int - EUR Long Maturity

Performance snapshot

Holdings snapshot

  • France46.7%
    Germany36.4%
    Japan15.9%
    UK9.8%
    Denmark7.9%
  • Government Guaranteed108.9%
    Investment Grade Bonds11.9%
    High Yield Bond2%
    Mortgage & Secured Bonds2%
    Short Dated Bonds-24.8%
  • French Fixed Interest46.7%
    German Fixed Interest36.4%
    Japanese Fixed Interest15.9%
    UK Fixed Interest9.8%
    Danish Fixed Interest7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-7.5%-0.1%8.9%41.4%68.3%
Sector-3.3%-6.8%-1.3%3.3%32.4%60.4%
Rank within sector4 / 105 / 102 / 102 / 102 / 93 / 8
Quartile2nd2nd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.5%-1.8%31.6%-4.6%16.3%
Sector6%-0.6%27.1%-1.4%16.1%
Rank within sector2 / 109 / 102 / 97 / 84 / 8
Quartile1st4th1st4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.03
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.32
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.79
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.93
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.07
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.54
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high26.12
52 week low21.18
Current bid price-
Current offer price-
Current mid price23.48
Region
1France46.67%
2Germany36.4%
3Japan15.85%
4UK9.81%
5Denmark7.89%
6Netherlands7.19%
7USA7.12%
8Slovenia5.85%
9Spain3.87%
Industry sector
1Government Guaranteed108.91%
2Investment Grade Bonds11.88%
3High Yield Bond1.98%
4Mortgage & Secured Bonds1.98%
5Short Dated Bonds-24.75%
Asset type
1French Fixed Interest46.67%
2German Fixed Interest36.4%
3Japanese Fixed Interest15.85%
4UK Fixed Interest9.81%
5Danish Fixed Interest7.89%
6Dutch Fixed Interest7.19%
7US Fixed Interest7.12%
8Slovenian Fixed Interest5.85%
9Spanish Fixed Interest3.87%
Individual holdings
1FRANCE (GOVT OF)15.2%
2FRANCE (GOVT OF) OAT BD9.5%
3FRANCE GOVT OAT BD9%
4FRANCE GOVT BOND (OAT)5.8%
5NETHERLANDS GOVERNMENT4%
6DEUTSCHLAND REP3.3%
7NYKREDIT REALKREDIT AS **PARTIAL CALL**3%
Management
Fund manager group
PIMCO Global Advisors(IRL)
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund objective
The Euro Long Average Duration Fund invests at least two thirds of its assets in euro-denominated, fixed-income securities. The portfolio normally maintains duration within two years of the 15-year-plus benchmark, and may invest up to 10% of its assets in non-investment grade securities. Currency exposure is limited to 10% of the fund’s assets.
Benchmark
  • Barclays Euro Government
Investment style
Total Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Lorenzo Pagani25/09/2014Dr. Pagani is a managing director and portfolio manager in the Munich office and head of the European government bond and European rates desk. He is also a member of the European portfolio committee and a member of the counterparty risk committee. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He has 12 years of investment experience and holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France.
Andrew Balls01/02/2009Mr. Balls is PIMCO's CIO Global. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global and European portfolios and is a member of the Investment Committee and the Executive Committee. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times in London, New York and Washington, DC. He has 16 years of investment and economics/financial markets experience and holds a bachelor's degree from Oxford and a master's degree from Harvard University. He was a lecturer in economics at Keble College, Oxford.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Luxembourg, Netherlands, Offshore, Singapore
Pimco GIS Euro Long Average Duration EUR
Initial charge5%
Annual charge0.46%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price23.48
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeX227
Data provided by

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