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Euro Long Average Duration Fund Inst - Acc

Article Introduction

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  • About this Fund
  • Performance

Objective
The Euro Long Average Duration Fund invests at least two-thirds of its assets in euro-denominated, fixed-income securities. The portfolio normally maintains duration within two years of the 15-year-plus benchmark, and may invest up to 10% of its assets in non-investment grade securities. Currency exposure is limited to 20% of the fund's assets.

At a Glance
ISIN IE00B0MQV914
Bloomberg Ticker PIMELAD
Fund Total Net Assets 321,924,905.79 EUR
Management Fees (%) 0.46
Benchmark Bloomberg Barclays Euro Government (Germany, France, Netherlands) Over 15 Years Index.
Fund Inception Date 04/21/2006
Class Inception Date 04/21/2006
Base Currency Code EUR
Effective Duration (Years) 17.54
Current Yield (%) 2.10
% YTD Performance 0.17
Effective Maturity 24.71
Average Coupon 2.22
Bull Duration Delta 0.02
Bear Duration Delta -0.43
Curve Duration 0.43
Mortgage Spread Duration 0.60

Data as of 05/31/2017

Daily Prices (EUR)

NAV Day Change
24.36 0.12
+0.49%
YTD Return (Net of Fees)
2.01%
as of 06/20/2017

Historical Prices (EUR)

06/16/2017 06/19/2017 06/20/2017
24.22 24.24 24.36
All Historical Data
Euro Long Average Duration Fund Filter Results
Pricing Distributions
The Inception Date (earliest data available) for this fund is 04/21/2006
Start Date:
End Date:
Summary
The Euro Long Average Duration Fund invests at least two-thirds of its assets in euro-denominated, fixed-income securities. The portfolio normally maintains duration within two years of the 15-year-plus benchmark, and may invest up to 10% of its assets in non-investment grade securities. Currency exposure is limited to 20% of the fund's assets.
Fund Specific Documents
Quarterly Investment Reports
Holdings
Fund Net Cash Flow
Click here to view "KIIDs"
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.

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.

Benchmark:
All Data as of
Time Period 1 mth 3 mth 6 mth 1 year 3 years 5 years 10 years Since Inception
Fund %
Benchmark %
Alpha %
All Data as of
Fund Performance
Chart shows performance from first month-end for the oldest share class.

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Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Performance data current to the most recent month-end is available by calling +44 207 872 1369.

Effective Duration: Measure of a bond portfolio's (or a bond's) price sensitivity to changes in interest rates. It is a weighted maturity at present value of all principal and interest payments.

Average Credit Quality: The credit quality of the holdings in a portfolio does not apply to the safety or stability of the fund.

Benchmark: Salomon/Citigroup Euro BIG > 15yrs from COB 4/21/06-3/31/11; Citigroup Euro Broad Investment-Grade (EuroBIG) Bond >15 Years Index AAA consis ts of German, French, Dutch and Austrian government bonds(95%) from CO B 3/31/11.

Investors should consider the investment objectives, risks, charges and expenses of these Funds carefully before investing. This and other information is contained in the Fund's prospectus. Please read the prospectus carefully before you invest or send money. For a copy of the Fund’s Prospectus, contact: Brown Brothers Harriman Fund Administration Services (Ireland) Limited, Telephone +353 1 241 7100, Fax +353 1 241 7101. email: PIMCOTeam@bbh.com 
 
No part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission.
Copyright 2012, PIMCO ​
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