PIMCO GIS DIVERSIFIED INCOME INST GBP HGD
Invests in global corporate and emerging market fixed income securities.
ANNUAL MANAGEMENT CHARGE
Prices as at 01 Dec 2023.
We don’t currently provide commentary on this fund.
Past performance is not an indication of future performance.
Capital at risk.
|Sector||£ Strategic Bond|
|Dividends paid||April, July, October, December|
|Standard Initial Charge||0%|
|Initial Charge Via BestInvest||0%|
|Additional Bid/Offer Spread||0%|
|Annual Management Charge||0.69%|
|Ongoing Charges Figure||0.69%|
A relatively flexible bond mandate that offers global credit market exposure to investment grade corporate credit, high yield corporate credit and hard currency sovereign emerging market bonds and incorporates a diversified approach to macro economic views on credit trends, interest rates, duration, currencies and curve positioning. The fund is managed within limits relative to a reference benchmark. This is an equally weighted blend of three indices: Barclays Global Aggregate Credit Component USD Hdgd, BofA Merrill Lynch Global High Yield BB-B Rated Constrained USD Hdgd, JPMorgan EMBI Global (a hard currency EM Sovereign bond index). Duration exposure will generally be managed to within +/- 2 yrs of the index level (currently about 5.5yrs). The maximum exposure to securities with a credit rating of < B is 10%. There are no limits on emerging market exposure. The fund may hold also up to 20% in unhedged (to USD) currency exposure, although in practice unhedged currency exposure tends to be minimal. Derivative instruments may be used to manage interest rate and credit risk.
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Past performance is not a guide to future performance. View full risk warning