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Emerging Markets Corporate Bond Fund Inst - Acc

Article Introduction

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  • About this Fund
  • Performance

Objective
The Emerging Markets Corporate Bond Fund is an actively managed, diversified portfolio of fixed income securities issued by geographically diverse range of emerging market entities focused on infrastructure sectors. Assets are primarily denominated in US dollars, but may also be in local currencies.

At a Glance
ISIN IE00B55FB454
Bloomberg Ticker PIMEMRG
Fund Total Net Assets 230,518,221.86 USD
Management Fees (%) 0.95
Benchmark JPMorgan Corporate Emerging Markets Bond Index Diversified (CEMBI)
Fund Inception Date 11/12/2009
Class Inception Date 11/12/2009
Base Currency Code USD
Effective Duration (Years) 4.09
Current Yield (%) 7.40
% YTD Performance 5.45
Effective Maturity 5.28
Average Coupon 6.23
Bull Duration Delta -0.03
Bear Duration Delta 0.03
Curve Duration 0.47
Mortgage Spread Duration 0.00

Data as of 05/31/2017

Daily Prices (USD)

NAV Day Change
14.87 -0.02
-0.13%
YTD Return (Net of Fees)
5.31%
as of 06/20/2017

Historical Prices (USD)

06/16/2017 06/19/2017 06/20/2017
14.90 14.89 14.87
All Historical Data
Emerging Markets Corporate Bond Fund Filter Results
Pricing Distributions
The Inception Date (earliest data available) for this fund is 11/12/2009
Start Date:
End Date:
Summary
The fund invests in both "investment grade" and "non-investment grade" fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies from emerging markets around the world. Securities will mainly be priced in US Dollars but 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. Although the fund is able to invest in any market it considers has the best opportunities, it is more likely to focus on the infrastructure sectors of a country (such as energy, construction, public services, transportation and utilities). The fund will mainly invest in emerging markets, which in investment terms are those economies that are still developing. The fund is likely to concentrate its investments in Asia, Africa, the Middle East, Latin America and the developing countries of Europe. Investment grade securities, as determined by international ratings agencies, whilst potentially producing a lower level of income than non-investment grade securities, they are also considered to be of lower risk.
Fund Specific Documents
Fact Sheets
Quarterly Investment Reports
Holdings
Fund Net Cash Flow
Click here to view "KIIDs"
Managers
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.

Fund Pages

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General Documents

Prospectus
Annual Report
Semi Annual Report
KIIDs
PIMCO Lux UK Tax Reporting
Holiday Season Dealing Dates
Renumeration Policy

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: The JPMorgan Corporate Emerging Markets Bond Index Diversified (CEMBI) is a uniquely weighted version of the CEMBI index. It limits the weights of those index countries with larger corporate debt stocks by only including a specified portion of these countries eligible current face amounts of debt outstanding. The CEMBI Diversified results in well-distributed, more balanced weightings for countries included in the index. The countries covered in the CEMBI Diversified are identical to those covered by the CEMBI. It is not possible to invest directly in an unmanaged index.

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

The Fund will primarily invest directly or indirectly in debt securities (including bonds, banknotes, debentures) and other instruments that are issued by companies that are involved in a wide range of social and economic infrastructure projects in emerging market countries. Investing in emerging market securities imposes greater risks including smaller market capitalization of securities markets which can experience illiquidity, price volatility, restrictions, repatriation of investment income and capital, in addition to currency fluctuations, and political or economic uncertainty. This Fund may use derivative instruments for efficient portfolio management purposes. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested. The Fund may invest in non-US securities, which may entail greater risk due to non-US economic and political developments and may be enhanced when investing in emerging markets. The credit quality of the investment in the portfolio does not apply to the stability or safety of the Fund. The Fund offers different share classes, which are subject to different fees and expenses (which may affect performance), have different minimum investment requirements and are entitled to different services. Investment in a Fund that invests in high-yield, lower-rated securities, will generally involve greater volatility and risk to principal than investments in higher-rated securities. The Fund may concentrate its assets in a small number of issuers. Distributed by PIMCO Europe Ltd, 11 Baker Street, London W1U 3AH, England.
 
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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