PIMCO Diversified Income Fund MRetl Inc USD

PIMCO 多元化入息基金 MRetl類 Inc 美元

IE00B3Y5VT74

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.59%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-11-27

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.24%
3 mth
+1.04%
6 mth
+5.10%
1 yr
+11.67%
3 yr
+18.42%
5 yr
+25.66%

Analytical Figures (3 years)

Annualized Return
+5.80%
Annualized Volatility
+3.56%
Sharpe Ratio
+1.01

Fund Information

Fund Houses
PIMCO Asia Limited
Launch Date
2010-11-29
Fund Manager
Eve Lagrellette Tournier
Alfred T. Murata
Daniel J. Ivascyn
Sonali Pier
Manager Start Date
2010-04-30
2016-05-27
2016-05-29
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-10-30)
USD 10,925,459,834.61
Management Fee
1.59%
Latest Dividend
USD 0.027900 (2019-10-29)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.59%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-11-27

Dividend Records

Dividend DateDividend Records (USD)
2019-10-290.027900
2019-09-260.025800
2019-08-280.028300
2019-07-290.033300
2019-06-260.028600
2019-05-280.031347
2019-04-280.032793
2019-03-270.031134
2019-02-260.031176
2019-01-290.035712
2018-12-270.028307
2018-11-280.031490
2018-10-290.035972
2018-09-260.028202
2018-08-290.030759
2018-07-290.032723
2018-06-270.033325
2018-05-280.034597
2018-04-260.027595
2018-03-270.032238
2018-02-260.023254
2018-01-290.028682
2017-12-270.026778
2017-11-280.029080
2017-10-300.030065
2017-10-290.030100
2017-09-270.024125
2017-08-290.031725
2017-07-270.029828
2017-06-280.026413
2017-05-290.033500
2017-04-260.028576
2017-03-290.031290
2017-02-260.024624
2017-01-290.039273
2016-12-280.029661
2016-11-280.034678
2016-10-270.029394
2016-09-280.028579
2016-08-290.031387
2016-07-270.047398
2016-06-280.034691
2016-05-260.028288
2016-04-270.030153
2016-03-290.037208
2016-02-250.030729
2016-01-270.033241
2015-12-290.033176
2015-11-260.028570
2015-10-280.029519
2015-09-280.033581
2015-08-260.028639
2015-07-290.032913
2015-06-280.029467
2015-05-270.025205
2015-04-280.032771
2015-03-290.034549
2015-02-250.031602
2015-01-280.032476
2014-12-290.030034
2014-11-250.030837
2014-10-290.032928
2014-09-280.032545
2014-08-270.028041
2014-07-290.036218
2014-06-260.030868
2014-05-270.029697
2014-04-280.032706
2014-03-270.030175
2014-02-260.026508
2014-01-280.029969
2013-12-290.029728
2013-11-260.025787
2013-10-290.029712
2013-09-260.027555
2013-08-280.026992
2013-07-290.029240
2013-06-260.026578
2013-05-280.028903
2013-04-280.032438
2013-03-260.028169
2013-02-260.026878
2013-01-290.026991
2012-12-270.026337
2012-11-280.026818
2012-10-300.031210
2012-09-260.025124
2012-08-290.028785
2012-07-290.029771
2012-06-270.026860
2012-05-290.030698
2012-04-260.026509
2012-03-280.027492
2012-02-270.028023
2012-01-290.031740
2011-12-280.031542
2011-11-280.037283
2011-10-260.029571
2011-09-280.039179
2011-08-250.023014
2011-07-270.018273
2011-06-280.018841
2011-05-260.018274
2011-04-260.024225
2011-03-290.012925
2011-01-270.051588

Investment Objective

The Fund’s objective is to seek maximum total return consistent with prudent investment management (i.e. identifying and implementing strategies for consistent, disciplined and cost-effective investment, based on considerable research and measured forethought, and continual monitoring of individual security and total portfolio risk).

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risk factors.
1. Credit risk
The Fund may suffer losses if the issuer of a fixed income security in which it invests is unable or unwilling to make timely principal and/or interest payments, or to otherwise honour its obligations.
2. Emerging markets risk
Investing in emerging markets securities imposes risks different from, or greater than, risks of investing in developed countries due to, among other factors, greater price volatility, market, credit, legal, taxation, custody,liquidity, currency, political, economic and regulatory risks.
The systems and procedures for trading and settlement of securities in emerging markets are less developed and less transparent and transactions may take longer to settle. In addition, foreign exchange controls in emerging market countries may cause difficulties in the repatriation of funds from such countries.
Because the Fund’s investments may be concentrated in emerging markets, the Fund may be subject to greater volatility than portfolios which comprise broad-based global investments. During times of market uncertainty, such investments may negatively affect the Fund’s performance.
3. High yield, below investment grade and unrated securities risk
The Fund may invest in high yield, below investment grade securities and unrated securities of similar credit quality. These securities typically entail greater potential price volatility and may be less liquid than higher-rated securities. Investments in such securities may also be subject to greater credit risk. If the issuer of a security is in default with respect to interest or principal payments, the Fund may lose its entire investment.
4. Interest rate risk
The value of fixed income securities tends to decrease when interest rates rise, which may cause a decrease in value of the Fund.
Fixed income securities with longer durations are more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.
5. Downgrade risk
The Fund may hold securities that may be impacted by a downgraded credit rating. In the event of downgrading of the securities, the Fund’s investment value in such securities may be adversely affected. The manager may or may not be able to dispose of the debt instruments that are being downgraded.
6. Derivatives risk
Risks associated with financial derivative instruments (“FDI”) include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.
Although the leverage figure of the Fund calculated using the commitment approach will typically not materially exceed 100% of the NAV of the Fund, in exceptional circumstances the Fund may have a leveraged exposure of over 100% of the NAV of the Fund when using this calculation methodology. This will further magnify any potential negative impact of any change in the value of the underlying asset on the Fund and also increase the volatility of the Fund’s price and may lead to significant losses. Given the leverage effect embedded in derivatives, in the worst case scenario, investing in derivatives may result in total or substantial loss from the use of derivatives.
7. Risks relating to reverse repurchase agreements
In the event of the failure of the counterparty with which collateral has been placed, the fund may suffer loss as there may be delays in recovering collateral placed out or the cash originally received may be less than the collateral placed with the counterparty due to market movements.
8. Risks relating to repurchase agreements
In the event of the failure of the counterparty with which cash has been placed, the Fund may suffer loss as there may be delay in recovering cash placed out or difficulty in realising collateral or proceeds from the sale of the collateral may be less than the cash placed with the counterparty due to market movements.
9. Currency risk
The Fund’s investment in non-USD denominated fixed income securities and currency positions may cause the value of the Fund’s investments to fluctuate with changes in exchange rates. This may lead to a fall in the Fund’s NAV.
Active currency positions implemented directly or indirectly by the Fund may not be correlated with the underlying securities held by the Fund. As a result, the Fund may suffer significant losses even if there is no loss to the value of the underlying securities held by the Fund.
10. Liquidity risk
Liquidity risk exists when particular investments are difficult to purchase or sell. Also, illiquid securities may become harder to value especially in changing markets.
The Fund’s investments in illiquid securities may reduce the returns of the Fund because it may be unable to sell the illiquid securities at an advantageous time or price which could prevent the Fund from taking advantage of other investment opportunities.
11. Sovereign debt risk
The Fund’s investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the fund to participate in restructuring such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
12. Investment risk
The Fund’s investment portfolio may fall in value and therefore your investment in the Fund may suffer losses.There is no guarantee of the repayment of principal.
Due to the higher than average degree of risk attached to investment in the Fund due to its ability to invest in high yield securities and emerging markets securities, an investment in the Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.
13. Risks relating to the charging of fees / payment of dividends out of capital
For the Income II Shares (which seeks to provide an enhanced yield to shareholders), the Fund may, at its discretion, charge fees to capital (which constitutes a payment of dividends effectively out of capital) as well as pay dividends out of capital. The Fund may also take into account the yield differential between the relevant hedged share class and the base currency of the Fund (which constitutes a distribution from capital). The yield differential can be positive or negative and is calculated taking into account the contribution of the share class hedging arising from the respective type of hedged classes. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to the original investment.
Any distributions involving the payment of dividends out of capital, charging of fees to the capital of the Fund and inclusion of yield differentials effectively amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV per share.

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Hotline

852
3896 3896

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North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

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