PIMCO GIS Global Real Return Fund (the “Fund”)
SGD Hedged Institutional Accumulation Shares (ISIN: IE00B29WLV81) | Daily Price & Charts (SGD)
GBP Hedged Institutional Accumulation Shares (ISIN: IE0034235527) | Daily Price & Charts (USD)
USD Institutional Accumulation Shares (ISIN: IE003359174) | Daily Price & Charts (GBP)
Fund Manager Page
Endowus has selected the Fund for its diverse exposure to inflation-linked bonds issued by governments and corporations around the world, executed by an experienced management team under competitive costs.
Fund Objective: Seeks to maximise real return by investing at least two-thirds of its assets in a diversified portfolio of inflation-indexed fixed income instruments of varying maturities issued by governments, their agencies or instrumentalities and corporations.
Suitability: Investors who are looking to maximise real return through a combination of both income and capital growth, are seeking a protection against inflation rates, are looking for a diversified exposure to global fixed income markets and are willing to accept the risks and volatility associated with investing in such markets, and have an investment horizon over the medium to long term.
Cost (SGD, USD, GBP):
Fund Inception: 12 March 1998
Share Class Inception: 7 August 2021
Benchmark: Bloomberg Barclays Global Aggregate Index
Fund AUM: SGD 4.34bn
Source: MorningStar as of 30 June 2021. Please refer to the FMC page for the most updated AUM.
Source: MorningStar as of 31 March 2021. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown.
Endowus has selected the PIMCO GIS Global Real Return Fund for its diversified portfolio of inflation-linked bonds issued by governments and corporations around the world, its robust execution and competitive price, and experienced management team. The access to the Fund’s low-cost institutional share class through Endowus makes the price even more competitive, comparable to its passive peers.
An important tool that the strategy has at its disposal is to invest beyond the benchmark and the Fund has benefited from the flexibility of investing up to one third of its assets in other sectors, which leverages from the insights of PIMCO’s broad, deep bench of global bond experts.
Despite some noteworthy team turnover in late 2019, the strategy remains in capable hands - its current management team includes Lorenzo Pagani, former Head of the European Rates, who now oversees the ex-US inflation-lined effort, while PIMCO veteran Steve Rodosky, who led the firm's US Treasury trading desk in earlier years, contributes to this portfolio's US positioning. The team is rounded off by former agency mortgage specialist Daniel He, who joined the desk in early 2019 to support Rodosky. The strategy’s processes and resources remain similar, which is a source of comfort for a Fund that has consistently outperformed its benchmark since 2009, and has beaten 98-99% of its Morningstar peers over the past 3, 5, and 10 years.
Updated by Endowus: September 2021
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