PIMCO GIS Income Fund E Inc HKD

PIMCO GIS 收益基金 E類 Inc 港元

IE00B92ZW543

Risk Rating: Level 4

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.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.45%

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
+0.14%
3 mth
+0.42%
6 mth
+2.01%
1 yr
+7.32%
3 yr
+15.06%
5 yr
+23.53%

Analytical Figures (3 years)

Annualized Return
+4.79%
Annualized Volatility
+2.09%
Sharpe Ratio
+1.21

Fund Information

Fund Houses
PIMCO Asia Limited
Launch Date
2013-02-03
Fund Manager
Daniel J. Ivascyn
Alfred T. Murata
Manager Start Date
Daniel J. Ivascyn (Start Date: 2012-11-30 ) Alfred T. Murata (Start Date: 2012-11-30)
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 4

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 78,079,429,438.15
Management Fee
1.45%
Latest Dividend
HKD 0.034200 (2019-10-29)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.45%

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 (HKD)
2019-10-290.034200
2019-09-260.034200
2019-08-280.034200
2019-07-290.034200
2019-06-260.034200
2019-05-280.034233
2019-04-280.034233
2019-03-270.034233
2019-02-260.034233
2019-01-290.034233
2018-12-270.034233
2018-11-280.034233
2018-10-290.034233
2018-09-260.034233
2018-08-290.034233
2018-07-290.034233
2018-06-270.034233
2018-05-280.034233
2018-04-260.034233
2018-03-270.034233
2018-02-260.034233
2018-01-290.034233
2017-12-270.034233
2017-11-280.034233
2017-10-300.034233
2017-10-290.034200
2017-09-270.034233
2017-08-290.034233
2017-07-270.034233
2017-06-280.034233
2017-05-290.034233
2017-04-260.034233
2017-03-290.034233
2017-02-260.034233
2017-01-290.034233
2016-12-280.034233
2016-11-280.034233
2016-10-270.034233
2016-09-280.034233
2016-08-290.034233
2016-07-270.034233
2016-06-280.034233
2016-05-260.034233
2016-04-270.034233
2016-03-290.034233
2016-02-250.034233
2016-01-270.034233
2015-12-290.034233
2015-11-260.034233
2015-10-280.034233
2015-09-280.034233
2015-08-260.034233
2015-07-290.034233
2015-06-280.034233
2015-05-270.034233
2015-04-280.034233
2015-03-290.034233
2015-02-250.034233
2015-01-280.034233
2014-12-290.034233
2014-11-250.034233
2014-10-290.034233
2014-09-280.034233
2014-08-270.034233
2014-07-290.034233
2014-06-260.034233
2014-05-270.034233
2014-04-280.034233
2014-03-270.034233
2014-02-260.034233
2014-01-280.034233
2013-12-290.034233
2013-11-260.034233
2013-10-290.034233
2013-09-260.034233
2013-08-280.034233
2013-07-290.034233
2013-06-260.033765
2013-05-280.034890
2013-04-280.038383
2013-03-260.032154

Investment Objective

The Fund’s primary objective is to seek high current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective. The Fund invests in a global multi-sector range of fixed income securities to seek a consistent level of income, whilst the capital appreciation sought by the Fund generally arises from an increase in the value of fixed income instruments held by the Fund caused by decreases in interest rates or improving credit fundamentals for a particular investment sector (e.g. improved economic growth) or security (e.g. improved credit rating or stronger balance sheet fundamentals).

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risk factors.
1. 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.
- The ability of the Fund to achieve its investment objective is neither guaranteed nor within the control of the Investment Adviser. As long-term capital appreciation is a secondary objective, the Fund may be exposed to the risk of capital loss.
2. 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.
3. 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.
4. 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 creditquality.
- 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.
5. Risks associated with mortgage-related and other asset-backed securities
- The Fund may invest in mortgage or other asset-backed securities (including privately-issued mortgage-backed securities) which may be highly illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other debt securities. They are often exposed to extension and prepayment risks and risks that the payment obligations relating to the underlying assets are not met, which may adversely impact the returns of the securities.
6. 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.
7. 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.
8. Risks associated with investments in non-investment grade securities of a single sovereign issuer
- The Fund may be subject to increased credit risk and increased risk of default of the relevant issuer as a result of its ability to invest more than 10% in securities issued by non-investment grade securities of a single sovereign issuer (potential examples include Ukraine, Sri Lanka and Hungary).
- A sovereign issuer’s ability to meet its principal and interest payments may be adversely affected by developments specific to the sovereign issuer. The downgrade of a sovereign credit rating or the default of a sovereign issuer
may negatively affect the Fund’s performance.
- To the extent that the Fund concentrates its investments in a particular single sovereign issuer, its investments will be more susceptible to fluctuations in value resulting from adverse conditions in the particular issuer such as unfavourable or unanticipated poor performance of a particular issuer and political instability facing a particular geographic region. This may cause the Fund to be more volatile.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
14. 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.
15. Risks relating to charging of fees / payment of dividends out of capital
- For the Fund and the Income II Shares, the Fund may, at its discretion, charge management fees to capital (which constitutes a payment of dividends effectively out of capital) as well as pay dividends out of capital.
- For the Income II Shares (which seeks to provide an enhanced yield to shareholders), the Fund may also charge other fees to capital and 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

1501, 15/F, 101 King's Road,
North Point, Hong Kong

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

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