Morningstar Fund Report  | 05/04/2025Print

PIMCO GIS Emerging Markets Bond Fund Institutional USD Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
PIMCO GIS Emerging Markets Bond Fund Institutional USD Accumulation
Fund-1.4-6.65.510.40.0
+/-Cat1.5-0.91.23.70.6
+/-B’mrk0.4-0.81.36.30.5
 
Category: Global Emerging Markets Bond
Category Benchmark: Morningstar EM Sov Bd GR USD
Key Stats
NAV
03/04/2025		 USD 56.51
Day Change -1.62%
Morningstar Category™ Global Emerging Markets Bond
ISIN IE0030759645
Fund Size (Mil)
31/03/2025		 USD 4757.46
Share Class Size (Mil)
31/03/2025		 USD 1496.02
Max Initial Charge 5.00%
Ongoing Charge
14/02/2025		  0.79%
Morningstar Research
Analyst Report21/03/2025
Shannon Kirwin, Principal
Morningstar, Inc

PIMCO GIS Emerging Markets Bond benefits from prudent portfolio construction and a large dedicated emerging-markets team as well as Pimco’s topnotch supporting resources. Despite some continued team turnover, the fund has earned an upgrade to an...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: PIMCO GIS Emerging Markets Bond Fund Institutional USD Accumulation
The investment objective of the Fund is to seek to maximise total return, consistent with prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in Fixed Income Instruments of issuers that economically are tied to countries with emerging securities markets. Such securities may be denominated in non-U.S. currencies and the USD. The Fund will consider an issuer to be economically tied to a country with an emerging securities market if (1) the issuer maintains its registered office in the country or (2) the issuer has predominant operations in the country. The average portfolio duration of this Fund will normally be within two years (plus or minus) of the JP Morgan Emerging Markets Bond Index Global (the “Index”).
Returns
Trailing Returns (GBP)03/04/2025
YTD-1.79
3 Years Annualised4.18
5 Years Annualised3.12
10 Years Annualised4.94
12 Month Yield 0.00
Management
Manager Name
Start Date
Yacov Arnopolin
01/05/2017
Javier Romo
07/05/2019
Click here to see others
Inception Date
31/07/2001

Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM EMBI Global TR USDMorningstar EM Sov Bd GR USD
Portfolio Profile for  PIMCO GIS Emerging Markets Bond Fund Institutional USD Accumulation31/12/2024
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock2.000.021.99
Bond171.0035.49135.51
Property0.000.000.00
Cash62.78102.91-40.13
Other0.430.000.43
Growth Of 1000 (GBP) 31/03/2025
Fund:  PIMCO GIS Emerging Markets Bond Fund Institutional USD Accumulation
Category:  Global Emerging Markets Bond
Category Index:  Morningstar EM Sov Bd GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return1.6011.203.90-1.41-6.605.4610.380.01
+/- Category1.923.501.241.47-0.941.253.720.59
+/- Category Index-0.621.190.850.40-0.821.336.250.46
% Rank in Category2513293157291719
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.62   -0.19-0.11
1 Week-1.20   0.05-0.36
1 Month-4.24   -0.60-0.41
3 Months-3.03   0.14-0.11
6 Months1.38   1.302.79
YTD-1.79   0.290.17
1 Year5.38   3.083.57
3 Years Annualised4.18   0.562.22
5 Years Annualised3.12   0.481.71
10 Years Annualised4.94   1.211.12
 
Category: Global Emerging Markets Bond
Category Index: Morningstar EM Sov Bd GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.01---
20243.270.570.685.56
2023-0.26-1.171.595.30
2022-5.84-3.753.31-0.24
2021-5.604.101.88-1.54
2020-6.7912.83-1.860.66
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAbove AverageAverage4 star
10-YearHighBelow Average5 star
OverallHighAverage5 star
 
Category :  Global Emerging Markets BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.44 %
3-Yr Mean Return5.12 %
 
3-Yr Sharpe Ratio0.16
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Sov Bd GR USD  JPM EMBI Plus TR USD
3-Yr Beta0.940.86
3-Yr Alpha2.140.96
 
Fixed Income Style31/12/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 4207
Maturity Distribution %
1 to 312.96
3 to 521.39
5 to 75.92
7 to 1010.77
10 to 156.10
15 to 205.36
20 to 3010.92
Over 302.76
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA10.73   BB25.16
AA8.43   B1.28
A13.79   Below B0.87
BBB39.49   Not Rated0.25
 
Category: Global Emerging Markets Bond
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock2.000.021.99
Bond171.0035.49135.51
Property0.000.000.00
Cash62.78102.91-40.13
Other0.430.000.43
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings13
Total Number of Bond Holdings964
Assets in Top 10 Holdings41.53
NameSectorCountry% of Assets
10 Year Treasury Note Future Mar 25United States15.53
5 Year Treasury Note Future Mar 25United States15.14
United States Treasury Bonds 3.25%United States2.20
Euro Bobl Future Mar 25Germany1.35
2 Year Treasury Note Future Mar 25United States1.34
Petroleos Mexicanos 7.69%Mexico1.32
Mexico (United Mexican States) 7.75%Mexico1.25
Mexico (United Mexican States) 4%Mexico1.25
United States Treasury Notes 3.125%United States1.16
Turkey (Republic of) 5.75%Turkey0.98
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond
 
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 Date31/07/2001
Fund Advisor(s)
Pacific Investment Management Company, LLC
Fund ManagerYacov Arnopolin
Manager Start Date01/05/2017
Career Start Year2000
Education
Carnegie Mellon University, B.S.
 
Biography
Yacov Arnopolin is responsible for the portfolio advisory services provided to the Desjardins SocieTerra Emerging Markets Bond Fund. Mr. Arnopolin is an executive vice president and portfolio manager in the New York office. He is co-chair of the Emerging Markets Portfolio Committee (EMPC). Prior to joining PIMCO in 2016, Mr. Arnopolin served as a managing director overseeing emerging market fixed income portfolios at Goldman Sachs Asset Management. He holds a bachelor's degree in economics from Carnegie Mellon University.
Fund ManagerJavier Romo
Manager Start Date07/05/2019
Career Start Year2003
Education
Columbia University
Stanford University
universidad lberoamericana
 
Biography
Mr. Romo is an executive vice president and emerging markets portfolio manager in the Newport Beach office Mr. Romo is a founding member of PIMCO Juntos and serves on the steering committee. He is also a standing member of the emerging markets portfolio committee (EMPC). Prior to joining PIMCO in 2011, Mr. Romo was a Vice President in the emerging markets trading group at Citigroup, focusing on trading hard currency bonds and credit default swaps in Latin America. He was previously an analyst at Sandell Asset Management in New York. He also served as Vice President for Morgan Stanley, where he was a trader and a strategist for local currency, local rate and credit derivatives in emerging markets. He began his career as a civil engineer in Mexico. He has 19 years of investment and financial services experience and holds master’s degrees in financial engineering from Columbia University and civil engineering from Stanford University. He received a bachelor’s degree in civil engineering from Universidad Iberoamericana in Mexico City.
Fund ManagerPramol Dhawan
Manager Start Date14/06/2019
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 Charge0.79%
Ongoing Charge0.79%
Purchase Details
Minimum Investments
Initial5000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes