Fact sheet: Pimco GISCr Abs Ret

Fund information
Fund name
Pimco GIS Credit Absolute Return E Acc USD
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund manager
  • Mark R. Kieselsince 13/10/2011
Fund objective
The Credit Absolute Return Fund is a diversified absolute return-oriented global credit strategy that is not tethered to benchmark-specific guidelines. The fund has significant discretion to allocate across a broad range of global credit sectors, and it is designed to offer the flexibility to actively adjust long and short credit exposures to target opportunities in any market environment while providing proactive downside risk mitigation.
Benchmark
  • EURIBOR 3 Month
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
4.7%
1 Year rank in sector
13/132
Sector
FO Absolute Return
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.
1.8%
Fund size
£313m (£1,200m 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.
77
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd14.7%
SW Mitchell Emerging European11.5%
Polar Capital UK Abs Eq10.3%
Pictet Scv II Dyn Ass Alloc9.4%
Orbis Optimal SA9.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Money Market125.5%
    Australia8.8%
    New Zealand4.4%
    Mexico3.6%
    Brazil2.9%
  • High Yield Bond39%
    Mortgage & Secured Bonds28%
    Short Dated Bonds15%
    Others8%
    Government Guaranteed6%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%4.4%4.7%1.7%-
Sector-0.2%-0.7%0.3%-0.4%2.5%9.3%
Rank within sector66 / 14124 / 14112 / 13813 / 13243 / 84-
Quartile2nd1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.5%-4.2%0.5%0.2%-
Sector-0.1%0.7%1.2%3.6%3.9%
Rank within sector13 / 132106 / 11548 / 8851 / 71-
Quartile1st4th3rd3rd
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.
-0.41
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.
1.39
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
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%.
3.52
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.
2.52
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.
-0.06
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.
0.53
Price movement
52 week high10.25
52 week low9.32
Current bid price-
Current offer price-
Current mid price10.2
Region
1Money Market125.46%
2Australia8.76%
3New Zealand4.37%
4Mexico3.63%
5Brazil2.85%
6UK2.17%
7Ireland1.26%
8Germany0.9%
9Global Emerging Markets0.84%
Industry sector
1High Yield Bond39%
2Mortgage & Secured Bonds28%
3Short Dated Bonds15%
4Others8%
5Government Guaranteed6%
6Investment Grade Bonds3%
7Banks1%
Asset type
No data available.
Individual holdings
1U S TREASURY NOTE57.8%
2IMSA 2006-4 A2B 1MLIB+17BP2%
3CPG INTERNATIONAL INC SR UNSEC 144A1.9%
4EXETER FINANCE UNSEC 144A1.8%
Management
Fund manager group
PIMCO Global Advisors(IRL)
Fund manager company
PIMCO Global Advisors(IRL) Ltd
Fund type
No data available.
Fund objective
The Credit Absolute Return Fund is a diversified absolute return-oriented global credit strategy that is not tethered to benchmark-specific guidelines. The fund has significant discretion to allocate across a broad range of global credit sectors, and it is designed to offer the flexibility to actively adjust long and short credit exposures to target opportunities in any market environment while providing proactive downside risk mitigation.
Benchmark
  • EURIBOR 3 Month
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Mark R. Kiesel13/10/2011Mr. Kiesel is CIO Global Credit 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, founded the firm’s Global Credit Perspectives publication and regularly appears in the financial media. He joined PIMCO in 1996 and previously served as PIMCO's global head of investment grade corporate bonds and as a senior credit analyst. He has 23 years of investment experience and holds an MBA from the University of Chicago's Graduate School of Business. He received his undergraduate degree from the University of Michigan.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Sweden
Pimco GIS Credit Absolute Return E Acc EUR
Initial charge5%
Annual charge1.8%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price10.04
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8CG
Pimco GIS Credit Absolute Return E Acc USD
Initial charge5%
Annual charge1.8%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price10.2
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8CH
Pimco GIS Credit Absolute Return G Inst Hedged Inc EUR
Initial charge5%
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price9.73
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKNYO
Pimco GIS Credit Absolute Return Inst Acc CHF
Initial charge5%
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.22
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8CI
Pimco GIS Credit Absolute Return Inst Acc USD
Initial charge5%
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price11.7
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0HAA
Pimco GIS Credit Absolute Return Inst Hedge Acc EUR
Initial charge5%
Annual charge0.9%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price11.49
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0HAC
Pimco GIS Credit Absolute Return Inst II Hedged Inc EUR
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price9.25
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJSAF
Pimco GIS Credit Absolute Return T Hedged Acc EUR
Initial charge-
Annual charge2.1%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price9.79
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUNM
Data provided by

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