Fund Rationale: PIMCO GIS Emerging Markets Bond Fund

PIMCO GIS Emerging Markets Bond Fund (the "Fund")
SGD Retail Class I Accumulation Shares (ISIN: IE00BG88PX59)
Fund Manager Page
Daily Price & Charts

Endowus has selected the PIMCO GIS Emerging Markets Bond Fund for its efficient exposure to fixed income securities from various EM countries, and its proven track record that has consistently outperformed the benchmark since inception.
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Key Information

Fund Objective: Seeks to maximise total return, consistent with prudent investment management by investing at least 80% of its assets in fixed income instruments of issuers that economically are tied to countries with emerging securities markets, denominated in both non-US currencies and the USD.

Suitability: Investors who are looking to maximise total return through a combination of both income and capital growth, are looking for a diversified exposure to fixed income markets that are economically tired to emerging market countries 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:
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  1. Total Fund-level Fees include fund management fee of 0.79%.
  2. This is an institutional share class that offers the lowest possible fees. There are no trailer fees for this institutional share class.
  3. Endowus do not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception: 31 July 2001
Share Class Inception: 2 July 2018
Benchmark: JPMI Emerging Markets Bond Index

Fund AUM: SGD 24.8bn
Source: MorningStar as of 30 June2021. Please refer to the FMC page for the most updated AUM.

Regional Allocation:
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Sector Allocation:
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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.

Selection Criteria

Endowus has selected the PIMCO GIS Emerging Markets Bond Fund as it offers a diversified exposure to fixed income securities from issuers based in, or economically tied to, various emerging countries, with a proven track record at one of the lowest costs compared to peers. 

Co-managed by Pramol Dhawan and Yacov Arnopolin, who have an average investment experience of more than 20 years, the Fund leverages the outcomes of PIMCO’s Emerging Markets Portfolio Committee, that consists of senior PIMCO investment professionals who meet at least two to three times a week to discuss actionable investment themes, such as the underlying credit fundamentals of each country, to form the basis of the Fund’s directions. The investment process is further complemented by PIMCO’s long history of working with proprietary local networks in both sovereign and corporate spaces, giving PIMCO the access to non-mainstream information. As a result, the Fund takes multiple analytical approaches to not only generate alpha, but also construct a diverse portfolio to provide protection in the increasingly growing and complex EM fixed income market.

The Fund has consistently outperformed its benchmark returns since its inception in 2001, and is rated four stars by Morningstar among its peer group. 

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Updated by Endowus: September 2021

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