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The Fund seeks to maximise total return, consistent with prudent investment management by investing at least 80% of its assets in fixed income instruments of issuers that economically are tied to countries with emerging securities markets, denominate...
Provides investors with diversified exposure to the yield potential of emerging markets hard currency fixed income. Actively manages exposure with tactical allocations to non-benchmark local currencies and instruments to maximize total return while managing risk relative to the benchmark.
Managed by PIMCO, one of the world's largest dedicated fixed income managers, leveraging extensive firmwide resources. The strategy is led by senior portfolio managers Pramol Dhawan, Yacov Arnopolin, and Javier Romo, who each possess over 20 years of industry experience. The leadership team is supported by over 65 credit research analysts, with 30 analysts dedicated specifically to emerging markets coverage.
The fund has historically met its objective to deliver superior risk-adjusted returns relative to peers over a full market cycle. Performance is driven by a focus on maximizing total return potential while minimizing tracking error volatility relative to the benchmark.
Utilises a complementary analytical framework that integrates both quantitative and qualitative insights alongside top-down and bottom-up perspectives. The investment process begins with constructing an active risk-neutral portfolio to mitigate index replication costs, serving as a baseline for active view implementation.
Access to institutional share class with no trailer fees to achieve the lowest possible fees.
It functions as a tactical fixed income building block for investors seeking dedicated exposure to emerging market yields. Investors should note the specific regional risks involved and ensure the portfolio is diversified across other geographies.
Daily data. Returns as of 06 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 1.2% | 1.4% | -3.5% | 2.8% | 0.9% | 1.0% | -1.4% | 0.9% | - | - | - | - |
| 2025 | 16.1% | 1.8% | 1.9% | -0.7% | 0.6% | 0.2% | 2.7% | 1.5% | 1.8% | 1.8% | 2.2% | 0.6% | 0.6% |
| 2024 | 8.4% | -0.7% | 0.7% | 2.3% | -1.9% | 1.9% | 0.7% | 2.3% | 2.2% | 2.2% | -1.8% | 1.6% | -1.1% |
| 2023 | 11.8% | 3.7% | -2.4% | 1.2% | 0.2% | -1.1% | 2.5% | 1.7% | -1.3% | -2.8% | -1.2% | 5.9% | 5.1% |
| 2022 | -17.0% | -2.7% | -6.1% | 0.1% | -5.3% | 0.0% | -6.3% | 2.4% | -1.0% | -6.2% | -0.5% | 7.5% | 0.5% |
| Load more | 5 of 26 | ||||||||||||
| 10 Year Treasury Note Future Sept 26 (2026-09-22 Maturity) | 14.03% |
| 2 Year Treasury Note Future Sept 26 (2026-10-01 Maturity) | 6.15% |
| Short-Term Euro BTP Future Sept 26 (2026-09-09 Maturity) | 4.56% |
| 5 Year Treasury Note Future Sept 26 (2026-10-01 Maturity) | 3.39% |
| IRS CZK 3.63600 02/09/26-5Y CME Receive (2031-02-09 Maturity) | 1.36% |
| IRS CZK 3.71500 11/18/25-5Y CME Receive (2030-11-18 Maturity) | 1.23% |
| Ultra US Treasury Bond Future Sept 26 (2026-09-22 Maturity) | 1.20% |
| Petroleos Mexicanos Sa De CV 7.69% (2050-01-23 Maturity) | 0.90% |
| INDONESIA AS SP GST (2031-06-20 Maturity) | 0.87% |
| ZCS BRL 9.84208 03/12/24-01/04/27 CME Receive (2027-01-04 Maturity) | 0.81% |
| ZCS BRL 14.41 12/11/24-01/04/27 CME Receive (2027-01-04 Maturity) | 0.81% |
| Argentina (Republic Of) 4.125% (2035-07-09 Maturity) | 0.75% |
| CASH COLLATERAL FUT BCY USD (2060-12-31 Maturity) | 0.42% |
| CASH COLLATERAL ICE MSC USD (2060-12-31 Maturity) | 0.30% |
| CASH COLLATERAL CME MSC USD (2060-12-31 Maturity) | 0.20% |
Warning statements
Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.
Generic risk warnings relating to collective investment schemes
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