[{"FundDetailTitle":"Euro Bond Fund Adm - Acc","CUSIP":"G7096V351","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund E - Acc","CUSIP":"G70974459","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund E - Inc","CUSIP":"G7096X779","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund Inst - Acc","CUSIP":"G7096V328","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund Inst CHF (Hdg) - Acc","CUSIP":"G70974657","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund Inst - Inc","CUSIP":"G7096Y413","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund Inv - Acc","CUSIP":"G7096V336","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Euro Bond Fund Inv - Inc","CUSIP":"G7096V344","TabExclusion":"portfolio|documents"}]
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Objective
The Euro Bond Fund is an actively managed portfolio of primarily euro-denominated, investment grade bonds. The average duration of the fund will normally vary within +/-2 years of the benchmark. The Fund invests at least two thirds of its assets in a diversified portfolio of euro-denominated fixed-income securities, and may allocate up to 10% to high yield Fixed Income Instruments.
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ISIN
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IE0004931386
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Bloomberg Ticker
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PIMEISA
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Fund Total Net Assets
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1,131,526,046.57 EUR
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Management Fees (%)
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0.46
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Benchmark
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Citi Euro Broad Investment-Grade Index
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Fund Inception Date
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12/31/1998
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Class Inception Date
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12/31/1998
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Base Currency Code
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EUR
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Effective Duration (Years)
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6.60
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Current Yield (%)
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2.00
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% YTD Performance
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0.72
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Effective Maturity
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7.68
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Average Coupon
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2.05
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Bull Duration Delta
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-0.40
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Bear Duration Delta
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0.00
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Curve Duration
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0.67
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Mortgage Spread Duration
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0.97
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Data as of
05/31/2017
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Daily Prices
(EUR)
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| NAV |
Day Change |
| 23.96 |
0.04
+0.17%
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YTD Return
(Net of Fees)
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1.27%
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as of 06/20/2017
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|
|
| 06/16/2017 |
06/19/2017 |
06/20/2017 |
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23.91
|
23.92
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23.96
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Summary
The fund invests primarily in a range of "investment grade" fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies or governments from around the world and mainly be priced in euros. The fund may also hold other currencies as well as securities that are priced in other currencies. The investment advisor will choose securities with varying repayment dates based on its expectations for interest rate and exchange rate changes. The fund's benchmark is the Citigroup European Broad Investment Grade Index. It is used to measure duration. Duration is the sensitivity of a fixed income security to a change in interest rates. The longer the duration of a fixed income security, the higher its sensitivity to interest rates. Investment grade securities, as determined by international ratings agencies, whilst potentially producing a lower level of income than "non-investment grade" securities, are also considered to be of lower risk. The fund may also invest up to 10% in securities which are rated lower than "Baa" but rated at least "B" by these same agencies. These are generally considered to be riskier investments but pay a higher income.
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Managers
Andrew Balls
Mr. Balls is PIMCO's CIO Global Fixed Income. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global portfolios and is a member of the Investment Committee. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times in London, New York and Washington, DC. He has 18 years of investment and economics/financial markets experience and holds a bachelor's degree from Oxford and a master's degree from Harvard University. He was a lecturer in economics at Keble College, Oxford. Mr. Balls was nominated by Morningstar in 2013 for European Fixed-Income Fund Manager of the Year. He is a director of Room to Read, a nonprofit that promotes literacy and gender equality in education in low-income countries.
Andrew Bosomworth
Mr. Bosomworth is a managing director in the Munich office and head of PIMCO portfolio management in Germany. Prior to joining PIMCO in 2001, he worked at the European Central Bank, Merrill Lynch and at New Zealand’s Debt Management Office. He has 23 years of investment experience and holds a master's degree in economics from the University of Canterbury, New Zealand. He also graduated from the Advanced Studies Program in International Policy Research at the Kiel Institute in Germany.
Lorenzo Pagani
Dr. Pagani is a managing director and portfolio manager in the Munich office and head of the European government bond and European rates desk. He is also a member of the European portfolio committee and a member of the counterparty risk committee. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He has 14 years of investment experience and holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France.