PIMCO Wholesale Plus Global Bond Fund
About this Fund
|FUND MANAGER||PIMCO Australia|
|ASSET CLASS||FIXED INTEREST|
|INVESTMENT STYLE||The Fund invests in an actively managed portfolio of government, corporate, mortgage and other global fixed interest securities.|
|INVESTMENT PROFILE||The Fund seeks to achieve maximum total return, and to seek to preserve capital through prudent investment management.|
|BENCHMARK||Bloomberg Barclays Global Aggregate Index Hedged in Australian dollars|
|FUND SIZE||Bloomberg Barclays Global Aggregate Index Hedged in Australian dollars|
|NO. OF HOLDINGS|
Benefits of investing in the PIMCO Wholesale Plus Global Bond Fund
Some of the benefits that may arise from an investment in the Fund include the following:
Medium to High
About the Fund
The Fund will invest into the Institutional Class units in the PIMCO Global Bond Fund APIR ETL0112AU (Underlying Fund), which is an actively managed portfolio of government, corporate, mortgage and other global fixed interest securities.
How we invest your money
The Underlying Fund invests in government, corporate, mortgage and other fixed interest securities. While the Underlying Fund invests predominately in investment grade* securities, it may also invest in non-investment grade fixed interest securities and emerging market debt. The Underlying Fund may also hold cash and derivatives.
In pursuing the investment objective the Manager applies a wide range of diverse strategies including duration** analysis, credit analysis, relative value analysis***, sector allocation and rotation**** and individual security selection. The Manager's investment strategy emphasises active decision making with a long-term focus and seeks to avoid extreme swings in duration or maturity with a view to creating a steady stream of returns.
The Manager has adopted the following guidelines in managing the Underlying Fund:
Percentage limitations will apply at the time of investment. The Underlying Fund is not required to sell any securities in the event that such limitations are subsequently exceeded, whether as a result of market movement or otherwise. The Underlying Fund is not required to sell a security in the event such security is downgraded below the Underlying Fund's minimum investment quality, provided that such security met the Underlying Fund's minimum quality standard at the time of purchase.
The Manager has full discretion in relation to the asset allocation ranges.
*A credit rating of investment grade' indicates that the securities have a lower probability of default on interest and capital repayments, compared to non-investment grade securities.
**Duration' is the measure of the sensitivity of fixed interest investments to changing interest rates, and is measured in terms of years (the larger the number of years in duration, the higher the price sensitivity to changes in interest rates). Duration takes into account the redemption date, the dates when interest is paid, and the amount of that interest.
***Relative value analysis' is an assessment of the intrinsic value of a company, government or financial institution relative to other companies, governments or financial institutions.
****There are several sectors to global bond markets, including government bonds, corporate bonds, high yield securities, mortgages, and inflation-linked bonds and emerging market debt. Sector rotation' refers to the Manager actively allocating' the risk between the different sectors of the bond market.