Morningstar Fund Report  | 23/04/2025Print

PIMCO GIS Emerging Local Bond Fund E Class EUR (Unhedged) Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
PIMCO GIS Emerging Local Bond Fund E Class EUR (Unhedged) Accumulation
Fund-8.14.28.30.31.5
+/-Cat-0.82.71.81.80.4
+/-B’mrk---0.00.6
 
Category: Global Emerging Markets Bond - Local Currency
Category Benchmark: Morningstar EM Govt Bd LCCY...
Key Stats
NAV
22/04/2025		 EUR 15.95
Day Change -0.41%
Morningstar Category™ Global Emerging Markets Bond - Local Currency
ISIN IE00B5ZW6Z28
Fund Size (Mil)
31/03/2025		 USD 3294.19
Share Class Size (Mil)
31/03/2025		 EUR 85.14
Max Initial Charge 5.00%
Ongoing Charge
14/02/2025		  1.89%
Morningstar Research
Analyst Report21/03/2025
Shannon Kirwin, Principal
Morningstar, Inc

Pimco Emerging Markets Bond benefits from prudent portfolio construction and a large, dedicated emerging-markets team as well as Pimco’s topnotch supporting resources. Still, fees hold it back: The strategy earns a Morningstar Analyst Rating of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: PIMCO GIS Emerging Local Bond Fund E Class EUR (Unhedged) Accumulation
The investment objective of the Fund is to seek to maximise total return, consistent with prudent investment management. The Fund will normally invest at least 80% of its assets in Fixed Income Instruments denominated in currencies of countries with emerging securities markets which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. The Fund may invest in forwards or derivatives denominated in any currency, and forwards or derivatives denominated in any currency will be included under the 80% of assets policy noted in the prior sentence so long as the underlying asset of such forwards or derivatives is a Fixed Income Instrument denominated in the currency of an emerging market country. The Fund may, but is not required to, hedge its exposure to non-U.S. currencies. Assets not invested in instruments denominated in currencies of non-U.S. countries described above may be invested in other types of Fixed Income Instruments.
Returns
Trailing Returns (GBP)22/04/2025
YTD0.11
3 Years Annualised5.22
5 Years Annualised2.92
10 Years Annualised2.64
12 Month Yield 0.00
Management
Manager Name
Start Date
Pramol Dhawan
07/05/2019
Inception Date
02/07/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM GBI-EM Global Diversified TR USDMorningstar EM Govt Bd LCCY GR USD
Portfolio Profile for  PIMCO GIS Emerging Local Bond Fund E Class EUR (Unhedged) Accumulation31/12/2024
Fixed Income
Effective Maturity8.17
Effective Duration5.90
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock6.641.954.69
Bond317.69217.14100.56
Property0.000.000.00
Cash312.38321.20-8.82
Other1.180.011.17
Growth Of 1000 (GBP) 31/03/2025
Fund:  PIMCO GIS Emerging Local Bond Fund E Class EUR (Unhedged) Accumulation
Category:  Global Emerging Markets Bond - Local Currency
Category Index:  Morningstar EM Govt Bd LCCY GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-3.1610.60-0.85-8.054.208.270.271.46
+/- Category-0.733.49-0.32-0.812.711.791.830.42
+/- Category Index-------0.040.58
% Rank in Category678565917251825
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.41   -0.65-0.36
1 Week0.11   -0.24-0.07
1 Month-1.78   0.170.33
3 Months-3.38   0.410.57
6 Months0.83   1.541.12
YTD0.11   0.681.13
1 Year0.96   2.090.66
3 Years Annualised5.22   2.021.99
5 Years Annualised2.92   1.861.91
10 Years Annualised2.64   0.31-0.41
 
Category: Global Emerging Markets Bond - Local Currency
Category Index: Morningstar EM Govt Bd LCCY GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.46---
2024-0.46-2.273.34-0.27
20232.810.120.284.90
2022-1.80-1.185.991.31
2021-8.073.26-0.49-2.66
2020-13.7312.74-2.464.52
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearHighAbove Average5 star
10-YearAbove AverageAbove Average3 star
OverallHighAbove Average4 star
 
Category :  Global Emerging Markets Bond - Local CurrencyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.03 %
3-Yr Mean Return5.52 %
 
3-Yr Sharpe Ratio0.23
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Govt Bd LCCY GR USD  Morningstar EM Govt Bd LCCY GR USD
3-Yr Beta1.091.09
3-Yr Alpha2.062.06
 
Fixed Income Style31/12/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 2841
Maturity Distribution %
1 to 316.26
3 to 535.23
5 to 710.42
7 to 109.88
10 to 155.96
15 to 202.65
20 to 302.81
Over 300.48
Effective Maturity8.17
Effective Duration5.90
Credit Quality Breakdown %     %
AAA21.93   BB18.15
AA9.88   B1.83
A17.13   Below B1.54
BBB29.54   Not Rated0.00
 
Category: Global Emerging Markets Bond - Local Currency
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock6.641.954.69
Bond317.69217.14100.56
Property0.000.000.00
Cash312.38321.20-8.82
Other1.180.011.17
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings28
Total Number of Bond Holdings788
Assets in Top 10 Holdings47.05
NameSectorCountry% of Assets
2 Year Treasury Note Future Mar 25United States16.18
PIMCO US Dollar S/T Fl NAV Z USD IncIreland6.10
3 Year Australian Treasury Bond Futur... Australia4.92
Philippines (Republic Of) 6.25%Philippines4.56
Mexico (United Mexican States) 8.5%Mexico3.38
Option on CNH Industrial NVUnited States3.19
5 Year Treasury Note Future Mar 25United States2.41
Colombia (Republic Of) 6%Colombia2.18
Mexico (United Mexican States) 4%Mexico2.12
Poland (Republic of) 4.75%Poland2.01
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond - Local Currency
 
Management
Name of CompanyPIMCO Global Advisors (Ireland) Limited
Phone+353 1 4752211
Websitewww.pimco.com
AddressMutual House
 Dublin   W1S 2GF
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date02/07/2009
Fund Advisor(s)
Pacific Investment Management Company, LLC
Fund ManagerPramol Dhawan
Manager Start Date07/05/2019
Career Start Year2004
Education
University of Nottingham, B.S.
 
Biography
Pramol Dhawan is Managing Director, PIMCO. Mr. Dhawan is a portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2013, he was a managing director and head of emerging markets trading for Americas at Société Générale in New York. He was previously based in London where he headed the Central and Eastern Europe emerging markets team for the firm. Additionally, he was a management consultant at Accenture. He has investment experience since 2004 and holds an undergraduate degree in computer science and management studies from the University of Nottingham.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.89%
Ongoing Charge1.89%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes