[{"FundDetailTitle":"StocksPLUS™ Fund E - Acc","CUSIP":"G70974863","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"StocksPLUS™ Fund Inst - Acc","CUSIP":"G7096V575","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"StocksPLUS™ Fund Inst EUR (Hdg) - Acc","CUSIP":"G7112M393","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"StocksPLUS™ Fund Inst EUR (Hdg) - Inc","CUSIP":"G70974277","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"StocksPLUS™ Fund Inst - Inc","CUSIP":"G7096V583","TabExclusion":"portfolio|documents"},{"FundDetailTitle":"StocksPLUS™ Fund Inv - Acc","CUSIP":"G7096V591","TabExclusion":"portfolio|documents"}]
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Objective
The StocksPLUS Fund offers investors exposure to the returns of the S&P 500 Index via non-leveraged positions in futures and swaps which are collateralised by an actively managed portfolio of short-duration, fixed income securities. The fixed income portfolio offers the potential for excess returns relative to the index.
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ISIN
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IE0002459539
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Bloomberg Ticker
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PIMSISA
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Fund Total Net Assets
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1,522,300,285.11 USD
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Management Fees (%)
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0.55
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Benchmark
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S&P 500 Index
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Fund Inception Date
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12/31/1998
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Class Inception Date
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12/31/1998
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Base Currency Code
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USD
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Effective Duration (Years)
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0.50
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Current Yield (%)
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1.60
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% YTD Performance
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8.87
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Effective Maturity
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2.09
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Average Coupon
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1.71
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Bull Duration Delta
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-0.17
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Bear Duration Delta
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0.04
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Curve Duration
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0.20
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Mortgage Spread Duration
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0.64
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Data as of
05/31/2017
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Daily Prices
(USD)
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| NAV |
Day Change |
| 28.56 |
-0.13
-0.46%
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YTD Return
(Net of Fees)
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10.14%
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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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28.49
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28.69
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28.56
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Summary
The fund invests primarily in a range of derivatives in order to gain exposure to the returns of the S&P 500. These derivatives are supported by a wide range of short-term fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies or the US government. The fund seeks outperformance relative to the S&P 500 through obtaining a higher return on the fixed income portfolio than the transaction costs incurred in implementing the S&P 500 derivatives strategy. The fund will measure its performance against the benchmark, the S&P 500. The fixed income component of the fund primarily invests in "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. It may also invest up to 10% in securities which are rated lower than "BBB" but rated at least "B" by these same agencies. These are generally considered to be riskier investments but pay a higher income.
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Managers
Sudi N. Mariappa
Mr. Mariappa is a managing director and generalist portfolio manager in the Newport Beach office. He rejoined PIMCO in 2014 from GLG, a London-based hedge fund, where he was a managing director, developing and managing fixed income funds. Previously at PIMCO, Mr. Mariappa was a managing director and head of global portfolio management. He also served as a senior advisor to PIMCO’s portfolio management group from 2009-2011. Prior to joining PIMCO in 2000, he was a managing director for Merrill Lynch in Tokyo, overseeing Japanese government bond and swap derivative trading. He has 30 years of investment experience and holds an MBA, as well as a bachelor's degree in chemical engineering, from Cornell University.