Important risk disclosure

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IE0034085260

PIMCO GIS Global Investment Grade Credit Fund(IE0034085260)

Fixed income
Investment grade
Corporate bond
Global
USD Cash
Accumulating
Complex

Invest with

USD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks to maximise total return by investing at least two-thirds of its assets in a diversified portfolio of investment grade corporate fixed income instruments of issuers having their registered office or predominant operations in at least t...

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Offers a diversified portfolio of investment grade global corporate credit instruments. Objective of the Fund is to maximise total return, consistent with preservation of capital and prudent investment management.

People

Benefits from the scale and expertise of PIMCO, who is one of the largest fixed income managers in the world, managing more than US 1 trillion of assets. Benefits from a team of experienced portfolio managers from PIMCO and its global platform of credit research analysts and risk managers. Managed by Mark R. Kiesel, Mohit Mittal, and Jelle Brons, who have a collective investment experience of more than 60 years.

Performance

From an absolute return perspective, stable to declining yields would be a favourable environment for the fund's performance. Conversely periods of rising yields would be an unfavorable environment. On a relative to index or market basis, we expect PIMCO's time-tested investment process would add value over a complete credit cycle.

Process

Combining PIMCO's signature long-term secular outlook with bottom-up credit research, the Fund operates on a robust and disciplined investment process that allows it to take advantage of opportunities as they arise in various regions, industries, and issuers. Credit research is focused on identifying issuers which exhibit improving credit profiles and the potential for upgrades by the rating agencies and, therefore, greater capital appreciation potential. Credit research process is complemented with the ongoing and integrated risk management process at PIMCO, ensuring all portfolio risks are managed based on Investment Committee guidance and sound risk management principles, which include issuer and industry diversification.

Cost

Access to the Institutional share class to achieve the lowest possible fees.

How it fits in a portfolio

Investors looking to gain diversified exposure to global investment grade corporate bonds would find this fund attractive. It could fit into an investor's core asset allocation. Investors should be aware of the credit risk involved and consider diversifying exposure to this Fund with other asset classes to suit one's risk tolerance.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

115.22%

YTD

-0.92%

1 month

-2.75%

6 month

0.31%

1 year

4.38%

3 year

17.57%

5 year

4.24%

10 year

32.83%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Yield

5.88%As of Dec 2025

Risk metrics

Max drawdown

-20.04%As of Mar 2026

Volatility

5.79%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.6%	1.3%	-2.8%	-	-	-	-	-	-	-	-	-
2025	7.4%	0.6%	2.0%	-0.6%	0.6%	-0.3%	1.5%	0.0%	1.0%	1.2%	1.1%	0.4%	-0.2%
2024	4.5%	0.1%	-0.9%	1.2%	-1.8%	1.4%	0.9%	2.2%	1.1%	1.5%	-1.6%	1.5%	-1.2%
2023	9.3%	3.9%	-2.0%	1.6%	0.6%	-0.7%	0.2%	0.6%	-0.4%	-1.9%	-1.1%	4.7%	3.8%
2022	-15.5%	-2.3%	-3.2%	-2.9%	-3.8%	-0.4%	-3.3%	3.1%	-2.4%	-4.2%	-0.7%	4.3%	-0.6%
Load more		5 of 19

Top Exposures

Holdings

Regions

Sectors

CDX IG45 5Y ICE (2030-12-20 Maturity)	19.31%
2 Year Treasury Note Future Mar 26 (2026-04-01 Maturity)	9.86%
Ultra US Treasury Bond Future Mar 26 (2026-03-21 Maturity)	3.48%
Euro Bund Future Mar 26 (2026-03-07 Maturity)	3.35%
CDX IG44 5Y ICE (2030-06-20 Maturity)	3.21%
3 Month SOFR Future Sept 27 (2027-12-15 Maturity)	2.56%
10 Year Treasury Note Future Mar 26 (2026-03-21 Maturity)	2.31%
IRS EUR 2.50000 03/18/26-5Y LCH Receive (2031-03-18 Maturity)	1.85%
Euro Schatz Future Mar 26 (2026-03-07 Maturity)	1.85%
United States Treasury Bonds 4.375% (2041-05-15 Maturity)	1.73%
PIMCO USD Short Mat ETF (2026-05-01 Maturity)	1.70%
3 Month SOFR Future Dec 27 (2028-03-15 Maturity)	1.39%
Federal National Mortgage Association 5% (2056-02-12 Maturity)	1.34%
RFR GBP SONIO/3.75000 09/17/25-5Y LCH Receive (2030-09-17 Maturity)	1.22%
United States Treasury Bonds 4.75% (2055-08-15 Maturity)	1.09%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.49% p.a.

Fund facts

ISIN

IE0034085260

Fund house

PIMCO

Fund size

US$7.4B

As of 31 Mar 2026

Fund inception date

18 Apr 2008

Fund class currency

USD

Fund share class

Instl USD Acc

Oldest share class ISIN

IE0033386453

Oldest share inception date

23 Jul 2003

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

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

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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