IE0005HQNBH4
PIMCO GIS Low Duration Income Fund SGD-Hedged (Dist.)

Fixed income
Investment grade
Short duration
Global
SGD Cash
Distributing

Invest with

SGD Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund seeks to achieve attractive income by actively managing and tapping into multiple areas of the global bond market, while maintaining relatively low interest rate exposure with a secondary goal of capital appreciation.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Our perspective

Why we think this fund is best-in-class

Product

Invests in a diversified global portfolio of bonds with a managed duration band of 0 to 3 years, targeting multiple sources of income with low interest rate sensitivity. Prioritizes favorable risk-adjusted returns and downside protection rather than pursuing the highest available yield in the market.

People

Managed by a senior team comprising PIMCO Group CIO Dan Ivascyn, Alfred Murata, and Josh Anderson. The portfolio managers operate under a consensus-driven framework, supported by PIMCO's Global Investment Grade Credit Team. Investment decisions are underpinned by deep fundamental research from over 85 seasoned credit analysts organized by industry specialization.

Performance

Targets consistent outperformance against the benchmark by dynamically balancing income generation with capital preservation. The strategy aims to deliver attractive risk-adjusted returns over a full market cycle while maintaining a conservative volatility profile relative to longer-duration assets. Over the long term, the strategy has shown a strong performance profile relative to peers.

Process

Employs a benchmark-agnostic approach that combines top-down macroeconomic views with bottom-up security selection to build a flexible portfolio. Allocates across diverse sources of high-quality yield, including off-benchmark sectors such as developed non-US debt, emerging market debt, and non-agency mortgages. Strategically utilizes derivatives to enhance yield potential and manage specific risk exposures in line with the firm's economic outlook.

Cost

Access to institutional share class with no trailer fees to achieve the lowest possible fees.

How it fits in a portfolio

Serves as a conservative fixed income allocation for investors seeking income and capital appreciation with explicitly more limited exposure to interest rate risk. Acts as a flexible, low-duration component within a core bond portfolio, offering diversification through its multi-sector approach. Investors should note the fund's use of derivatives, as well as its exposure to off-benchmark holdings, which may result in performance deviations from more traditional short-term indices.

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Performance

Returns

NAV

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

Total returns

Cumulative

Annualised

All Time

9.08%

YTD

-0.67%

1 month

-1.41%

6 month

0.65%

1 year

4.08%

As of Mar 2026

Distributions

5.83%

Frequency

Monthly

30 Mar 2026

Yield

5.72%As of Feb 2026

Risk metrics

Max drawdown

-1.41%As of Mar 2026

Volatility

2.30%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.3%	0.5%	-1.4%	-	-	-	-	-	-	-	-	-
2025	7.0%	0.8%	1.2%	0.2%	-0.0%	0.5%	1.3%	0.4%	0.9%	0.4%	0.7%	0.3%	0.4%
2024	-	-	-	-	-	-	0.0%	1.4%	0.5%	0.9%	-0.9%	1.1%	-0.3%

Top Exposures

Holdings

Regions

Sectors

10 Year Treasury Note Future June 26 (2026-06-19 Maturity)	12.14%
Federal National Mortgage Association 6% (2056-04-13 Maturity)	11.76%
Federal National Mortgage Association 6.5% (2056-04-13 Maturity)	10.92%
5 Year Treasury Note Future June 26 (2026-07-01 Maturity)	8.17%
PIMCO US Dollar S/T Fl NAV Z USD Inc (2026-04-01 Maturity)	7.58%
Federal National Mortgage Association 5% (2056-04-13 Maturity)	5.86%
Federal Home Loan Mortgage Corp. 5% (2056-01-01 Maturity)	2.29%
Federal National Mortgage Association 5.5% (2056-04-13 Maturity)	2.16%
Federal National Mortgage Association 4% (2056-05-13 Maturity)	1.96%
Ultra US Treasury Bond Future June 26 (2026-06-19 Maturity)	1.42%
Long Gilt Future June 26 (2026-06-27 Maturity)	1.41%
RFR GBP SONIO/3.75000 09/17/25-5Y LCH Receive (2030-09-17 Maturity)	1.36%
CDX HY45 5Y ICE (2030-12-20 Maturity)	1.35%
Federal National Mortgage Association 4.5% (2056-03-12 Maturity)	1.28%
Federal National Mortgage Association 4% (2056-04-13 Maturity)	1.26%

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

0.55% p.a.

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Fund facts

ISIN

IE0005HQNBH4

Fund house

PIMCO

Fund size

S$7.3B

As of 31 Mar 2026

Fund inception date

18 Jun 2024

Fund class currency

SGD

Fund share class

Inst SGD-H Inc

Oldest share class ISIN

IE00BDT57R20

Oldest share inception date

31 May 2018

Pricing frequency

Daily

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IE0005HQNBH4PIMCO GIS Low Duration Income Fund SGD-Hedged (Dist.)

IE0005HQNBH4
PIMCO GIS Low Duration Income Fund SGD-Hedged (Dist.)