Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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IE0034085260
PIMCO GIS Global Investment Grade Credit Fund USD-Hedged

  • Fixed income
  • Global
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
2
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
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.
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people
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.
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performance
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.
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process
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.
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cost
Cost
Access to the Institutional share class to achieve the lowest possible fees.
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selectionCriteria
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.
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
111.99%
YTD
4.85%
1 month
0.95%
6 month
2.20%
1 year
5.04%
3 year
18.07%
5 year
2.86%
10 year
34.54%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Yield
5.37%As of Jun 2025
Risk metrics
Max drawdown
-20.04%As of Aug 2025
Volatility
5.83%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-0.6%2.0%-0.6%0.6%-0.3%1.5%0.0%1.0%----
20244.5%0.1%-0.9%1.2%-1.8%1.4%0.9%2.2%1.1%1.5%-1.6%1.5%-1.2%
20239.3%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%
2021-1.4%-0.6%-1.6%-0.6%0.8%0.5%1.0%1.1%0.0%-1.4%-0.9%0.3%0.1%
Load more5 of 18
Top Exposures
CDX IG44 5Y ICE (2030-06-20 Maturity)15.80%
2 Year Treasury Note Future Sept 25 (2025-10-01 Maturity)7.91%
3 Month SOFR Future Mar 27 (2027-06-16 Maturity)3.86%
3 Month SOFR Future June 27 (2027-09-15 Maturity)3.01%
Euro Bund Future Sept 25 (2025-09-09 Maturity)2.77%
PIMCO US Dollar S/T Fl NAV Z USD Inc (2025-07-22 Maturity)2.37%
3 Month SOFR Future Sept 26 (2026-12-16 Maturity)2.28%
5 Year Treasury Note Future Sept 25 (2025-10-01 Maturity)2.13%
3 Month SOFR Future Sept 27 (2027-12-15 Maturity)2.13%
3 Month SOFR Future Dec 26 (2027-03-17 Maturity)1.97%
RFR GBP SONIO/3.50000 03/19/25-5Y LCH Receive (2030-03-19 Maturity)1.70%
Ultra US Treasury Bond Future Sept 25 (2025-09-20 Maturity)1.64%
Ultra 10 Year US Treasury Note Future Sept 25 (2025-09-20 Maturity)1.57%
Euro Schatz Future Sept 25 (2025-09-09 Maturity)1.55%
IRS EUR 2.25000 09/17/25-5Y LCH Receive (2030-09-17 Maturity)1.53%
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$8.2B
As of 31 Aug 2025
Fund inception date
18 Apr 2008
Fund class currency
USD
Fund share class
Instl USD Acc
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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