IE00BYZWMV33

PIMCO GIS Global High Yield Bond Fund SGD-Hedged (Dist.)(IE00BYZWMV33)

Fixed income
High yield
Corporate bond
Global
SGD Cash, SRS
Distributing

Invest with

SGD Cash, SRS

Payout type

Distributing

Risk rating

About this fund

Description

The Fund seeks to maximise total return by investing at least two-thirds of its total net assets in a diversified portfolio of high-yield fixed income instruments denominated in major world currencies and are rated lower than Baa by Moody's or BBB by...

Key information

Annual report

View

Product Highlight Sheet

View

Prospectus

View

Information Memorandum

View

Factsheet

View

Our perspective

Why we think this fund is best-in-class

Product

Offers exposure to globally diversified high-yield bonds, with a primary focus on the middle and upper quality tiers of the U.S. and European markets. Adopts a total return approach aiming to generate value through a combination of consistent income and capital appreciation.

People

Managed by PIMCO, leveraging the firm's scale and expertise as a leading global fixed income manager with over US$2 trillion in assets under management. The strategy is led by Portfolio Managers David Forgash, Sonali Pier, and Charles Watford, who possess over 70 years of collective investment experience. The leadership team is supported by PIMCO's extensive global platform of credit research analysts and independent risk management professionals.

Performance

Has historically outperformed most peers and the benchmark over a full market cycle. Structurally designed to offer resilience in difficult market conditions due to a higher quality bias, though it may lag peers holding more speculative securities during aggressive credit rallies. Absolute returns are generally supported by stable to declining yield environments, while periods of rising yields typically present a challenging backdrop.

Process

Security selection is driven by rigorous, bottom-up fundamental credit research focused on companies within industries identified as attractive. Emphasizes a long-term investment horizon, prioritizing strategic valuation decisions and the liquidity of underlying collateral.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

It provides a dedicated building block for investors seeking diversified exposure to developed market high-yield bonds. The fund serves as a yield-enhancing component within a portfolio, focusing on the higher-quality segments of the high-yield universe. Investors should be aware of the inherent credit risks involved and ensure the position is appropriately diversified across other asset classes.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

37.49%

YTD

-1.81%

1 month

-1.92%

6 month

-1.09%

1 year

2.54%

3 year

15.41%

5 year

8.31%

As of Mar 2026

Distributions

5.26%

Frequency

Quarterly

30 Mar 2026

Yield

6.68%As of Dec 2025

Risk metrics

Max drawdown

-15.55%As of Mar 2026

Volatility

6.78%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.1%	0.0%	-1.9%	-	-	-	-	-	-	-	-	-
2025	4.8%	0.8%	0.6%	-1.1%	-0.2%	1.3%	0.8%	0.6%	0.5%	0.6%	0.1%	0.3%	0.3%
2024	4.7%	0.0%	0.0%	0.8%	-1.1%	1.0%	0.6%	1.4%	1.2%	0.8%	-0.6%	0.7%	-0.2%
2023	10.4%	3.2%	-1.2%	1.0%	0.3%	-0.8%	1.0%	1.1%	0.0%	-0.9%	-1.1%	4.1%	3.3%
2022	-11.4%	-2.9%	-1.5%	-0.6%	-3.9%	0.1%	-7.1%	6.3%	-2.5%	-4.1%	2.9%	2.7%	-0.7%
Load more		5 of 11

Top Exposures

Holdings

Regions

Sectors

CDX HY45 5Y ICE (2030-12-20 Maturity)	6.94%
5 Year Treasury Note Future Mar 26 (2026-04-01 Maturity)	4.30%
10 Year Treasury Note Future Mar 26 (2026-03-21 Maturity)	3.72%
2 Year Treasury Note Future Mar 26 (2026-04-01 Maturity)	3.37%
Euro Schatz Future Mar 26 (2026-03-07 Maturity)	2.60%
PIMCO GIS European HY Bd Z EUR Acc (2029-12-01 Maturity)	2.51%
IRS EUR 2.50000 03/18/26-5Y LCH Receive (2031-03-18 Maturity)	2.32%
PIMCO US Dollar S/T Fl NAV Z USD Inc (2026-01-31 Maturity)	1.80%
CDX ITRAXX XOV44 5Y ICE (2030-12-20 Maturity)	1.53%
CASH COLLATERAL ICE MSC USD (2060-12-31 Maturity)	0.74%
Loarre Investments S.a r.l. 6.5% (2029-05-15 Maturity)	0.64%
VZ Secured Financing BV 7.5% (2033-01-15 Maturity)	0.63%
Medline Borrower LP 3.875% (2029-04-01 Maturity)	0.62%
Virgin Media Secured Finance PLC 4.25% (2030-01-15 Maturity)	0.61%
VMED O2 UK Financing I PLC 5.625% (2032-04-15 Maturity)	0.60%

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

1.45%0.80% p.a.

Save 44%

Save up to 65% in fees

Invested elsewhere? Transfer your funds to Endowus in four easy steps. Learn more

Fund facts

ISIN

IE00BYZWMV33

Fund house

PIMCO

Fund size

S$3.5B

As of 31 Mar 2026

Fund inception date

25 Apr 2016

Fund class currency

SGD

Fund share class

E SGD H Inc

Oldest share class ISIN

IE0002420739

Oldest share inception date

30 Jun 2005

Pricing frequency

Daily

Disclaimer: ©2025 Morningstar. All Rights Reserved. The information contained here relating to a particular collective investment scheme: (1) is proprietary to Morningstar Research Pte. Limited and/or its content providers (“Information Provider(s)“) unless otherwise specified; and (2) may not be copied or distributed. Neither the Information Provider nor Endowus guarantee or endorse the accuracy, reliability, completeness or timeliness of the information, or are responsible for any damages or losses arising from any use of this information. Further, for technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses.

This website is for information purposes only and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. Any opinion or estimate above is made on a general basis and none of Endowus, nor any of its affiliates, representatives, or agents have given any consideration to nor have made any investigation of the objective, financial situation, or particular need of any user, reader, any specific person or group of persons. Opinions expressed herein are subject to change without notice. You should carefully consider whether any investment views and investment products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice via Endowus' platform.

Investment involves risk. 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. Past performance is not an indicator nor a guarantee of future performance. 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.

You are responsible for downloads from this website. Endowus does not warrant that any downloads from this website will meet your needs or expectations, or be uninterrupted, secure, or error free or that any files available for downloading through this website are free of computer viruses or other harmful components. You alone are responsible for ensuring adequate protection and backup of data, software, computer, and other equipment is made and appropriate safeguard is in place to detect, prevent and eliminate computer viruses and other harmful effects. Neither Endowus nor the Information Provider will be responsible for any costs or expenses which may be incurred if your use of this website or if any downloads results in any servicing or replacement of property, material, equipment, or data.

This advertisement has not been reviewed by the Monetary Authority of Singapore.