Fund Rationale: PIMCO GIS Income Fund

PIMCO GIS Income Fund (the “Fund”)
SGD Hedged Institutional Accumulation Shares (ISIN: IE00BMB3HX34)
Fund Manager Page
Daily Price & Charts

Endowus has selected the Fund for its diverse portfolio of global bonds managed by an award-winning team of managers, tactically allocated to generate regular, high income and at the same time, targeting capital appreciation.

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Key Information

Fund Objective: Seeks to achieve high current income by investing in a broad range of fixed income securities, while maintaining a relatively low risk profile, with a secondary goal of long-term capital appreciation.

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:
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  1. Total Fund-level Fees include fund management fee of 0.55%.
  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 does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception: 30 November 2012
Share Class Inception: 14 July 2020
Benchmark: Bloomberg Barclays US Aggregate Index

Fund AUM: SGD 96.6bn
Source: MorningStar as of 30 June 2021. 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 Income Fund for its commitment in achieving attractive income through a global, multi-sector portfolio of both high-yielding assets and high-quality assets, providing good opportunities and protection across different market conditions, which is especially applicable given the constantly changing global economic landscape today that causes different bond sectors to go in and out of favor. The strategy also manages duration tactically by investing in securities of various durations ranging from 0 to 8 years to target low interest rate exposure, and focuses on senior, secured debt to ensure enough support during market distress. In addition, while generating attractive current income is a primary goal, the fund also seeks long-term capital appreciation and compelling risk-adjusted returns with a low duration level.

While the strategy is typically only accessible through costly share classes that are ranked as one of the most expensive funds in its category, Endowus has worked hard with PIMCO to launch the SGD-Hedged Institutional Accumulation Share Class to offer Singaporean retail investors a low fee to access the strategy. The Fund is managed by an award-winning team consisting of the PIMCO Group CIO Dan Ivanscyn, Alfred Murata, and Joshua Anderson, with an average experience of more than 18 years at PIMCO, and has a long record of superior long returns relative to its peers with modest volatility.

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Updated by Endowus: August 2021

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