We are using cookies to give you the best experience on our site. To find out more see our Cookies Policy. By continuing to use our website without changing the settings, you are agreeing to our use of cookies.

x​​​​​​​​

View non-mobile sites  

Insights

  • Global Central Bank Focus
  • Economic Outlook
  • Global Markets
  • Viewpoints
  • Strategy Spotlight
  • Featured Solutions
  • Quantitative Research and Analytics
  • In Depth
  • Experts
  • Video Channel
  • Blog

Funds

Education

Press

  • Press Releases

Our Firm

  • Welcome
  • ESG Framework
  • PIMCO Foundation
  • Contact Us
  • Overview
PIMCO
Your Global Investment Authority.
  • Subscribe
  • Contact Us

Change Country

Americas

United States
Canada
Latin America
Brazil

Asia Pacific

Australia
Japan
Singapore
Hong Kong

Europe

United Kingdom
Europe
France
Germany
Italy
Spain
Netherlands
Luxembourg
Switzerland
Belgium
www.pimco.lu
Menu Close
  • Insights
    • Global Central Bank Focus
    • Economic Outlook
    • Global Markets
    • Viewpoints
    • Strategy Spotlight
    • Featured Solutions
    • Quantitative Research and Analytics
    • In Depth
    • Experts
    • Video Channel
    • Blog
  • Funds
  • Education
  • Press
    • Press Releases
  • Our Firm
    • Welcome
    • ESG Framework
    • PIMCO Foundation
    • Contact Us
    • Overview
  • Change Country Change Country
PIMCO Search
  1. Home

Mutual Funds

[{"FundDetailTitle":"Global Real Return Fund Adm - Acc","CUSIP":"G7096Y603","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund E - Acc","CUSIP":"G70974533","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund E EUR (Hdg) - Acc","CUSIP":"G70974525","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund E GBP (Hdg) - Inc","CUSIP":"G7111X341","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund E - Inc","CUSIP":"G7096X811","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund H Inst - Acc","CUSIP":"G7096Y736","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst - Acc","CUSIP":"G7096Y561","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst CHF (Hdg) - Acc","CUSIP":"G7097Y693","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst EUR (Hdg) - Acc","CUSIP":"G7096Y546","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst EUR (Hdg) - Inc","CUSIP":"G70974210","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst EUR (Hdg) - Income II","CUSIP":"G7098H491","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst GBP (Hdg) - Acc","CUSIP":"G7096Y637","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst GBP (Hdg) - Inc","CUSIP":"G7096X639","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst - Inc","CUSIP":"G70974145","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inst SGD (Hdg) - Acc","CUSIP":"G7097Y511","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inv - Acc","CUSIP":"G7096Y660","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inv CHF (Hdg) - Inc","CUSIP":"G7112H154","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inv EUR (Hdg) - Acc","CUSIP":"G7096Y678","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inv EUR (Hdg) - Inc","CUSIP":"G7112H139","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund Inv - Inc","CUSIP":"G7096Y652","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund R - Acc","CUSIP":"G7113Q450","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund R EUR (Hdg) - Acc","CUSIP":"G7113Q468","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund R GBP (Hdg) - Acc","CUSIP":"G7113Q484","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"Global Real Return Fund R GBP (Hdg) - Inc","CUSIP":"G7113Q476","TabExclusion":"portfolio|documents"}]
  • Share Facebook Twitter Google Linked in Email
  • Print

Global Real Return Fund Inst - Acc

Article Introduction

Loading...
Please Wait...
  • About this Fund
  • Performance

Objective
The Global Real Return Fund is an actively managed portfolio of intermediate duration, global inflation-linked bonds primarily issued by developed governments such as the US, UK, France, Germany, Italy and Japan. The fund may also have limited tactical holdings, including nominal government, mortgage, corporate or money market securities.

At a Glance
ISIN IE0033591748
Bloomberg Ticker PIMGRAI
Fund Total Net Assets 2,357,395,679.44 USD
Management Fees (%) 0.49
Benchmark Bloomberg Barclays World Government Inflation-Linked Bond USD Hedged Index
Fund Inception Date 09/30/2003
Class Inception Date 09/30/2003
Base Currency Code USD
Effective Duration (Years) 12.63
Current Yield (%) 1.00
% YTD Performance 2.18
Effective Maturity 13.04
Average Coupon 1.31
Bull Duration Delta 0.03
Bear Duration Delta 0.00
Curve Duration 0.02
Mortgage Spread Duration 0.20

Data as of 05/31/2017

Daily Prices (USD)

NAV Day Change
20.04 0.08
+0.40%
YTD Return (Net of Fees)
1.78%
as of 06/20/2017

Historical Prices (USD)

06/16/2017 06/19/2017 06/20/2017
19.93 19.96 20.04
All Historical Data
Global Real Return Fund Filter Results
Pricing Distributions
The Inception Date (earliest data available) for this fund is 09/30/2003
Start Date:
End Date:
Summary
A positive real return is one that exceeds inflation. A Consumer Price Index or equivalent is used as the measure of inflation. It measures changes in the price of goods and services purchased by an average household. The fund invests primarily in index linked fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies or governments of developed countries from around the world. They are linked to an inflation price index, helping protect against inflation. These will mainly be priced in US Dollars, euros and sterling 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. The fund may invest in emerging markets, which in investment terms are those economies that are still developing. The fund's benchmark is the Barclays Capital World Government Inflation-Linked Bond USD Hedged 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. The securities will mostly be "investment grade", 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
Quarterly Investment Reports
Holdings
Fund Net Cash Flow
Click here to view "KIIDs"
Managers
Mihir P. Worah

Mr. Worah is CIO Asset Allocation and Real Return and a managing director in the Newport Beach office. He is a member of the Investment Committee and the Executive Committee, and oversees portfolio management for the U.S. He is a generalist portfolio manager who manages a variety of fixed income, commodity and multi-asset portfolios. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford Linear Accelerator Center, where he built models to explain the difference between matter and anti-matter. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. He has 16 years of investment experience and holds a Ph.D. in theoretical physics from the University of Chicago.

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

Click to view all Funds

OR:

Select Fund:
  • Global Real Return Fund
     
    • Capital Securities Fund
    • Commodity Real Return Fund
    • Credit Absolute Return Fund
    • Diversified Income Duration Hedged
    • Diversified Income Fund
    • Emerging Asia Bond Fund
    • Emerging Local Bond Fund
    • Emerging Markets 2018 Fund
    • Emerging Markets Bond Fund
    • Emerging Markets Corporate Bond Fund
    • Emerging Markets Corporate Bond Fund
    • Emerging Markets Short Term Local Currency Fund
    • Euro Bond Fund
    • Euro Credit Fund
    • Euro Income Bond Fund
    • Euro Long Average Duration Fund
    • Euro Low Duration Fund
    • Euro Short-Term Fund
    • Global Advantage Fund
    • Global Advantage Real Return Fund
    • Global Bond ESG Fund
    • Global Bond Ex-US Fund
    • Global Bond Fund
    • Global High Yield Bond Fund
    • Global Investment Grade Credit Fund
    • Global Multi-Asset Fund
    • Global Real Return Fund
    • Income Fund
    • Inflation Strategy Fund
    • Low Average Duration Fund
    • Mortgage Opportunities Fund
    • RAE Fundamental Emerging Markets Fund
    • RAE Fundamental Europe Fund
    • RAE Fundamental Global Developed Fund
    • RAE Fundamental US Fund
    • Socially Responsible Emerging Markets Bond Fund
    • StocksPLUS™ Fund
    • Total Return Bond Fund
    • UK Corporate Bond Fund
    • UK Long Term Corporate Bond Fund
    • UK Low Duration Fund
    • Unconstrained Bond Fund
    • US High Yield Bond Fund
    • US Short-Term Fund
     
       
Fund Documents
Fact Sheets
Holdings
Quarterly Investment Reports

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: Barclays Capital World Government Inflation-Linked Bond USD Hedged index that measures the performance of the major government inflation-linked bond markets. The Index includes inflation-linked debt issued by the following countries: Australia, Canada, France, Sweden, UK, & the United States. 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

In an environment where interest rates may trend upward, rising rates will negatively impact most bond funds, and fixed income securities held by a fund are likely to decrease in value. Bond funds and individual bonds with a longer duration (a measure of the expected life of a security) tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations.

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 Fund may invest in high-yield, lower-rated securities, which generally involves greater risk to principal than investment in higher-rated securities. 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 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. 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 
Terms of Use

This website is for the exclusive use of institutional investors & financial intermediaries. If you are an individual investor, please contact your financial advisor, who will inform you about PIMCO's product range.

By clicking 'Accept', I confirm that I am an institutional investor or financial intermediary.

LEGAL INFORMATION FOR INVESTORS OF LUXEMBOURG

By accessing this website and the products, services, information, tools and materials that it contains or describes, you acknowledge that you have understood and accept the following terms and conditions of use. Please read these terms and conditions of use carefully before using this website. This website is owned and operated by PIMCO (as this term is defined hereinafter). You may use the materials on this website solely for personal, informational and noncommercial purposes. All rights not expressly granted in these terms and conditions of use are reserved by PIMCO.

This section of the site only includes information on PIMCO Funds: Global Investors Series (Luxembourg) (the "Fund"), a Luxembourg undertaking for collective investment in transferable securities under part I of the law of 17 December 2010 on undertakings for collective investment, as amended, the shares of which may be publicly sold in Luxembourg. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

INFORMATION ON FINANCIAL INSTRUMENTS

The information contained in this website is not intended as an offer to sell securities or a solicitation to buy shares in the Fund. The goal is to provide general information on the Fund that has been authorized for retail sale in Luxembourg and is available for investment and purchase in Luxembourg. This site is not directed to individuals or organizations for whom such offer or invitation would be unlawful or prohibited.

Subject to applicable laws, PIMCO Global Advisors (Luxembourg) S.A., PIMCO Europe Ltd, as well as their respective subsidiaries and affiliates (hereinafter collectively "PIMCO") assume no responsibility for the financial or other consequences arising from the subscription or purchase of the shares in the Fund described in this website.

The information presented in this website is based, among other things, on market data at a given time, that is therefore subject to market changes and may change from time to time. Although the information contained in this website is from sources deemed reliable, no guarantee is made as to its accuracy, completeness or reliability. No warranty or representation is made in respect to the information contained in this website including without limit that the information is accurate, complete or timely, except for information concerning the Fund. PIMCO only warrants that the information contained and opinions expressed in this website are accurate at the date of publication. The price of shares of the Fund contained in this website is indicative only and should not be relied upon for dealing purposes.

Users should ensure that they are legally allowed access to this website in the country from which they connect.

You must read the last available prospectus of the Fund as well as the relevant key investor information document for all the relevant risk factors pertaining to each sub-fund and share class of the Fund.

Investment in collective investment in transferable securities involves risks. Performance is shown gross of withholding tax. The source of performance data is PIMCO.

Past performance is no guarantee of future results.

NO ADVICE

No investment advice, tax advice, or legal advice is provided through this website, and you agree that this website will not be used by you for these purposes. No representation is given that shares, products, or services identified on or accessible through, this website are suitable for any particular investor. You acknowledge that your use of this website and any requests for information are unsolicited. Opinions expressed are the relevant author's at publication date and they are subject to change without prior notice.

NO OFFER

The information on this website does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.

GENERAL RISK FACTORS

Past performance is no guide to or guarantee of future returns. Please note that the price of shares and the income from them can fall as well as rise and you may not get back the amount originally invested. Income receivable may vary from the amount of income projected at the time of making the investment.

For a complete list of risk factors, you should refer to the prospectus of the Funds.

DATA PROTECTION

This website does not collect personal information. "Cookies" may be stored on your computer for easy navigation. A "cookie" does not allow us to identify you, but stores information about navigation through our website (such as pages already visited, time and date of visit) which we can remember during your next visit to our website in order to improve your browsing experience.

RECORD OF CALLS

For your safety and ours, conversations with the staff of PIMCO may be recorded. In case of dispute related to these conversations, records of phone calls can be admitted as evidence in court or other legal process to the extent permitted by applicable law.

LINKS TO AND FROM OTHER SITES

PIMCO is not responsible for hypertext links to other sites, in particular as regards the content of these sites, advice and information provided by the authors of these sites for the subscription or redemption of securities, or in respect of subscriptions and redemptions of securities through such third party sites.

PIMCO is not responsible for hypertext links to this site. The creation of such links is prohibited without the prior express permission of PIMCO.

LIMITATION OF LIABILITY

YOU EXPRESSLY UNDERSTAND AND AGREE THAT YOUR USE OF THIS WEBSITE IS AT YOUR SOLE RISK AND THAT THE WEBSITE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS AND WITHOUT WARRANTIES OR REPRESENTATIONS OF ANY KIND EITHER EXPRESSED OR IMPLIED. TO THE FULL EXTENT PERMITTED UNDER APPLICABLE LAW, PIMCO EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

PIMCO makes no warranty or representation that this website can be accessed at all times. This website may, without notice, be temporarily unavailable or restricted for administrative or other reasons.

You will indemnify PIMCO (including their affiliated or associated companies) and their officers, directors, employees and agents in respect of any third-party claim for any injury, loss, damage or expense occasioned by or arising directly or indirectly from your operation or use of this website or your supply of information to a third party provided in breach of any of your obligations under these terms and conditions of use.

This website is not designed for the transmission of time sensitive instructions or questions. If you transmit any communication through this website to PIMCO directly or through any third-party internet or other service provider, you shall be responsible and liable for any omissions or failures that may be made while transmitting or receiving communications using this website. Furthermore, if you use this website to transmit time sensitive instructions or questions, you will be liable for any loss that may arise, and any such information is transmitted at your own risk.

LAW AND JURISDICTION

PIMCO controls and operates this website from its offices in the United Kingdom. By using this website, you agree that the laws of the United Kingdom, without regard to principles of conflict of laws, will govern these terms and conditions of use and any dispute of any sort that might arise between you and PIMCO arising from your use of this website. The courts of the United Kingdom will have exclusive jurisdiction to settle any dispute that may arise out of, under, or in connection with these terms and conditions of use, and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.

Accept Decline

The information on this web site is for residents of Luxembourg only.

All material contained on the Exchange-Traded Funds section of this website is purely for informational purposes only and is not intended as investment advice. Investors should seek financial advice before making any investment decisions.

The products and services are available only to residents of those jurisdictions. The information on this web site does not constitute an offer for products or services, or a solicitation of an offer to any persons outside of Luxembourg who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. Copyright ©2017 PIMCO Europe Limited. All rights reserved.

  • Legal Disclaimer
  • Privacy Policy
​​

Are you sure you would like to leave?

You are currently running an old version of IE, please upgrade for better performance.