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ALLIANZ PIMCO STERLING TOTAL RETURN A - Fund overview

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Overview of ALLIANZ PIMCO STERLING TOTAL RETURN A

This fund offers investors access to PIMCO’s award winning total return fixed interest process. PIMCO are one of the world's largest international bond managers and part of the Allianz Group. This is a conservatively run blended bond portfolio, with a neutral allocation of 75% investment grade and 25% higher yielding debt. The emphasis is on a number of small active positions across a number of strategies to enhance the risk/return characteristics of the fund.

Standard Initial Charge

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Fund summary

Sector  £ Strategic Bond
Product type  OEIC
Launched  May, 2002
Size  £84m
Yield 3.9%
Charging basis  Capital
Dividends paid  30/4, 31/10.
Bid price 132.17p -0.04p

Fund Charges

Standard Initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Total expense ratio 1.40%
Reduction in yield (10yr) 1.40%

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Portfolio

allianz pimco sterling total return a asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 22%
Quality bonds 78%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 0%
allianz pimco sterling total return a equity geographic illustration
Allocation Proportion
UK 98%
Europe 1%
Nth America 1%
Japan 0%
Pacific 0%
Other Equity 0%
allianz pimco sterling total return a equity capitalisation illustration
Allocation Proportion
Large Caps 0%
Mid Caps 0%
Small Caps 0%

View all performance data for ALLIANZ PIMCO STERLING TOTAL RETURN A

Investment process


PIMCO adopt a conservative approach to bond management with the emphasis on low volatility, preservation of capital and a number of small active positions with the aim of identifying long term value as opposed to market timing. The strategy prefers stable, transparent credits as opposed to fallen angel/recovery situations. In practice exposure to high yield is expected to vary between 35-5% according to the prevailing market conditions. The fund manager operates within a risk budget set by PIMCO’s global investment committee and the European strategy team, who will determine the optimal high yield/ investment grade allocation and the strategic themes running through the portfolio. All credit analysis is undertaken by PIMCO’s specialist fixed income teams. PIMCO expect 70% of the fund's out performance to be derived from bottom up credit analysis. The fund is benchmarked against 75% Merrill Lynch Non Gilt and 25% Merrill Lynch Euro High Yield Index targeting out performance of 1-1.25% p.a before fees over 3-5 years.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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