[{"FundDetailTitle":"Emerging Markets 2018 Fund Adm EUR - Acc","CUSIP":"G7112N672","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund E - Acc","CUSIP":"G7112N680","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund E EUR - Acc","CUSIP":"G7112N706","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund G Retail EUR - Inc","CUSIP":"G7112N714","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Market 2018 Fund Inst - Inc","CUSIP":"G7S047611","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund Inst - Acc","CUSIP":"G7112N763","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund Inst EUR - Acc","CUSIP":"G7112N631","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund Inv - Acc","CUSIP":"G7112N664","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Emerging Markets 2018 Fund R GBP - Acc","CUSIP":"G7112N722","TabExclusion":"portfolio|documents"}]
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Objective
The GIS Emerging Markets 2018 Fund aims to deliver an attractive return in a more predictable and less volatile path than traditional benchmark-oriented EM solutions. The fund will invest in hard currency-denominated fixed income securities issued by sovereign, quasi-sovereign and corporate issuers which mature on or around the Final Maturity Date of the fund. The main advantage of investing in this fund is gaining exposure to an attractive level of yield but with a shorter duration and no EM currency risk. The strategy is based on a bottom-up investment approach emphasizing PIMCO’s credit selection process and analytical capabilities in managing target yield strategies.
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ISIN
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IE00BQPWCQ26
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Bloomberg Ticker
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PEMEGIA
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Fund Total Net Assets
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75,080,437.69 USD
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Management Fees (%)
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0.50
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Benchmark
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EM 2018 Buy-and-Hold No Perf Benchmark
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Fund Inception Date
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10/31/2014
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Class Inception Date
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10/31/2014
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Base Currency Code
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USD
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Effective Duration (Years)
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1.04
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Current Yield (%)
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4.10
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% YTD Performance
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2.07
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Effective Maturity
|
1.17
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Average Coupon
|
4.65
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Bull Duration Delta
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-0.01
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Bear Duration Delta
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0.00
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Curve Duration
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-0.03
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Mortgage Spread Duration
|
0.00
|
Data as of
05/31/2017
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Daily Prices
(USD)
|
| NAV |
Day Change |
| 11.34 |
-0.01
-0.09%
|
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YTD Return
(Net of Fees)
|
|
2.07%
|
|
as of 06/20/2017
|
|
|
| 06/16/2017 |
06/19/2017 |
06/20/2017 |
|
11.35
|
11.35
|
11.34
|
|
|
Summary
The fund invests in hard currency-denominated fixed income securities issued by sovereign, quasi-sovereign and corporate issuers which mature on or around the Final Maturity Date of the fund. The fund structure is designed to deliver a more predictable rate of return, if held to maturity, with a shorter duration and no EM currency risk.
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Managers
Francesc Balcells
Mr. Balcells is an executive vice president and portfolio manager in the London office. Prior to joining PIMCO in 2012, he was employed at Rogge Capital Partners where he was the head of emerging markets and worked at Harvard Management Company focusing on emerging markets local rate and currency investments. Mr. Balcells also worked at the International Monetary Fund between 2002 and 2006, during which time he spent a year at PIMCO on secondment from the Fund. He has 21 years of investment experience and holds a master's degree in international economics and European studies from the Paul H. Nitze School of Advanced International Studies (SAIS) at Johns Hopkins University. He received his undergraduate degree from the Autonomous University of Barcelona.