| Morningstar Fund Report | 13/04/2025 |  |
PIMCO GIS Euro Income Bond Fund Institutional EUR Accumulation |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -6.1 | -7.0 | 6.2 | 1.1 | 2.5 |
| +/-Cat | -0.4 | -3.8 | 2.4 | 1.3 | 1.1 |
| +/-B’mrk | 2.9 | 5.5 | 1.9 | 3.4 | 2.2 |
| Category: EUR Flexible Bond | ||||||
| Category Benchmark: Morningstar EZN Core Bd GR EUR | ||||||
| Key Stats | ||
| NAV 11/04/2025 | EUR 15.98 | |
| Day Change | 0.35% | |
| Morningstar Category™ | EUR Flexible Bond | |
| ISIN | IE00B3V8Y234 | |
| Fund Size (Mil) 31/03/2025 | EUR 1777.90 | |
| Share Class Size (Mil) 31/03/2025 | EUR 489.95 | |
| Max Initial Charge | 5.00% | |
| Ongoing Charge 14/02/2025 | 0.49% | |
| Morningstar Research |
| Analyst Report | 23/01/2025 Elbie Louw, Senior Analyst Morningstar, Inc |
In December 2022, Eve Tournier, who had led this strategy for roughly a decade, left Pimco unexpectedly. Her departure followed a spate of turnover in the European credit team a year earlier, when Pimco’s decision to close its Munich office... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 23 |
| Parent | 24 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: PIMCO GIS Euro Income Bond Fund Institutional EUR Accumulation |
| The primary investment objective of the Fund is to maximise current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective. The Fund invests at least two-thirds of its assets in a diversified portfolio of EUR-denominated bonds and other Fixed Income Instruments of varying maturities. The Fund will seek to maintain a high level of dividend income by investing in a broad array of fixed income sectors which in the Investment Advisor’s view typically generate elevated levels of income. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Alfred Murata 23/10/2017 | ||
Regina Borromeo 06/12/2022 | ||
| Click here to see others | ||
Inception Date 28/02/2011 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Bloomberg Euro Agg 1-10 Yr TR EUR | Morningstar EZN Core Bd GR EUR |
| Portfolio Profile for PIMCO GIS Euro Income Bond Fund Institutional EUR Accumulation | 31/12/2024 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -0.19 | 0.53 | 8.04 | -6.08 | -7.04 | 6.18 | 1.10 | 2.55 |
| +/- Category | 1.65 | 1.11 | 0.80 | -0.40 | -3.78 | 2.43 | 1.25 | 1.09 |
| +/- Category Index | -1.86 | 0.45 | -1.97 | 2.88 | 5.54 | 1.86 | 3.40 | 2.19 |
| % Rank in Category | 16 | 35 | 35 | 57 | 77 | 19 | 25 | 9 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.35 | -0.37 | -0.52 |
| 1 Week | 0.86 | -0.68 | -1.47 |
| 1 Month | 1.86 | -0.27 | -2.74 |
| 3 Months | 4.26 | 0.70 | -0.55 |
| 6 Months | 4.66 | 0.47 | 0.31 |
| YTD | 4.89 | 0.27 | -0.05 |
| 1 Year | 7.25 | 1.77 | 1.97 |
| 3 Years Annualised | 3.89 | 0.64 | 3.38 |
| 5 Years Annualised | 1.94 | 0.00 | 3.68 |
| 10 Years Annualised | 3.72 | 1.27 | 2.02 |
| Category: EUR Flexible Bond | |||
| Category Index: Morningstar EZN Core Bd GR EUR | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 2.55 | - | - | - |
| 2024 | 0.03 | -1.15 | 2.32 | -0.07 |
| 2023 | 1.18 | -1.51 | 0.73 | 5.78 |
| 2022 | -4.83 | -6.25 | -0.65 | 4.87 |
| 2021 | -5.31 | 1.67 | 0.19 | -2.63 |
| 2020 | -4.10 | 8.74 | 1.58 | 1.98 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : EUR Flexible Bond | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar EZN Core Bd GR EUR | Morningstar Gbl Corp Bd GR Hdg EUR | |
| 3-Yr Beta | 0.74 | 0.73 |
| 3-Yr Alpha | 3.40 | 2.40 |
| Fixed Income Style | 31/12/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 31/12/2024 |
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| Top 10 Holdings | 31/12/2024 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 3 |
| Total Number of Bond Holdings | 842 |
| Assets in Top 10 Holdings | 78.23 |
| Name | Sector | Country | % of Assets | ||
 Federal National Mortgage Association 6% |  | United States | 16.11 | ||
| Federal National Mortgage Association...
| | United States | 11.95 | ||
| Federal National Mortgage Association...
| | United States | 11.22 | ||
| PIMCO Euro Short Mat ETF EUR Acc | | Ireland | 8.39 | ||
| Federal National Mortgage Association 5% | | United States | 7.59 | ||
| 5 Year Treasury Note Future Mar 25 | | United States | 6.89 | ||
| 10 Year Treasury Note Future Mar 25 | | United States | 6.57 | ||
| Ultra 10 Year US Treasury Note Future...
| | United States | 4.24 | ||
| Low Sulphur Gas Oil Futures Mar25 | | United Kingdom | 3.48 | ||
| United States Treasury Bonds 4.625% | | United States | 1.79 | ||
Increase  Decrease  New since last portfolio | |||||
| Category: EUR Flexible Bond | |||||
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| Biography | |
| Mr. Murata is a managing director and portfolio manager in the Newport Beach office, managing income-oriented, multi-sector credit, opportunistic and securitized strategies. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013. Prior to joining PIMCO in 2001, he researched and implemented exotic equity and interest rate derivatives at Nikko Financial Technologies. He holds a Ph.D. in engineering-economic systems and operations research from Stanford University. He also earned a J.D. from Stanford Law School and is a member of the State Bar of California. |
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| Fund Manager | Regina Borromeo |
| Manager Start Date | 06/12/2022 |
| Career Start Year | 2000 |
| Education |
| University of Pennsylvania, B.A. |
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| Biography | |
| Executive Vice President, portfolio manager, and a senior member of PIMCO’s global credit team, co-manages the Portfolio. She focuses on multi-sector credit as well as ESG-oriented credit and income strategies. She is a member of PIMCO’s ESG portfolio management team and PIMCO PRIDE EMEA ERG Committee. Prior to joining PIMCO in 2022, Ms. Borromeo was a senior portfolio manager and director of global fixed income at Robeco UK Limited, overseeing investments across a variety of credit and ESG-oriented strategies. Prior to that, Ms. Borromeo was a portfolio manager and head of international high yield at Brandywine Global Investment Management (Europe). She also held roles at Morgan Stanley Investment Management as vice president, senior research analyst and portfolio manager, global fixed income, and at Goldman Sachs. She has investment experience since 2001 and holds a bachelor of arts from the University of Pennsylvania. |
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| Fund Manager | Saurabh Sud |
| Manager Start Date | 31/10/2024 |
| Career Start Year | 2006 |
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| Biography | |
| Mr. Sud joined T. Rowe Price Associates in 2018 and his investment experience dates from 2006. Since joining the Firm, he has served as a portfolio manager in the fixed income division. Prior to joining T. Rowe Price Associates, he served as a Senior Vice President at PIMCO, where he helped manage the Credit Opportunities Bond Strategy and managed long duration credit assets. |
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| Fund Manager | Nidhi Nakra |
| Manager Start Date | 28/02/2021 |
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| Fund Manager | Charles Watford |
| Manager Start Date | 06/12/2022 |
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| Biography | |
| Executive Vice President, PIMCO. Mr. Watford is a portfolio manager focusing on high yield. He is also a research analyst focused on the European automotive and real estate sectors. Prior to joining PIMCO in 2007, Mr. Watford was a management consultant at McKinsey & Company and an investment banking analyst at Morgan Stanley. He has investment experience since 2002 and holds an MBA from the Wharton School of the University of Pennsylvania. He also holds a master’s degree in chemistry from the University of Oxford. |
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