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Objective
The Global Advantage Fund is an actively managed, developed and developing market fixed income portfolio benchmarked to the GDP weighted Global Advantage Bond Index (GLADI). The fund offers cash and derivative exposure to the full range of debt securities across the credit spectrum, nominal and inflation protected in local and external currencies.
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ISIN
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IE00B3R5WS03
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Bloomberg Ticker
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PIMGADV
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Fund Total Net Assets
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790,986,182.22 USD
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Management Fees (%)
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0.70
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Benchmark
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PIMCO Global Advantage Bond Index (GLADI) (London Close)
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Fund Inception Date
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06/09/2009
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Class Inception Date
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06/09/2009
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Base Currency Code
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USD
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Effective Duration (Years)
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4.55
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Current Yield (%)
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2.30
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% YTD Performance
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5.76
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Effective Maturity
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7.06
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Average Coupon
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2.41
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Bull Duration Delta
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-0.15
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Bear Duration Delta
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0.06
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Curve Duration
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0.69
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Mortgage Spread Duration
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1.18
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Data as of
05/31/2017
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Daily Prices
(USD)
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| NAV |
Day Change |
| 13.17 |
-0.05
-0.38%
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YTD Return
(Net of Fees)
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5.44%
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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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13.24
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13.22
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13.17
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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. Securities will be priced in a range of global currencies. The investment advisor will choose securities with varying repayment dates based on its expectations for interest rate and exchange rate changes. The fund may invest substantially in emerging markets, which in investment terms are those economies that are still developing. 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 30% in securities which are rated lower than “BBB”, and up to 15% in securities rated "B" or below 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.
Scott A. Mather
Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. He is a member of the Investment Committee and a generalist portfolio manager. Mr. Mather also oversees ESG portfolio integration in the U.S. Previously he was head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He has 22 years of investment experience and holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.
Sachin Gupta
Mr. Gupta is a managing director in the Newport Beach office, global portfolio manager and head of the global desk. He is a member of the European Portfolio Committee and a rotating member of the Asia-Pacific Portfolio Committee, and has also served as a rotating member of the Investment Committee. Previously, he was in PIMCO's London office managing European liability driven investment (LDI) portfolios. Before that, he was part of PIMCO’s global portfolio management team in the Singapore office. In these roles, he focused on investments in government bonds, foreign exchange and interest rate derivatives across global markets. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He has 20 years of investment experience and holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.
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.