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PIMCO Investment Grade Credit Fund (Canada) Series A

Global Corp Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$8.52
Change
-$0.02 (-0.24%)

As at March 31, 2024

As at September 30, 2023

Period
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Legend

PIMCO Investment Grade Credit Fund (Canada) Series A

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Fund Returns

Inception Return (September 14, 2015): 1.23%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.10% -0.29% 7.01% -0.29% 2.61% -3.23% -3.65% -1.02% -0.52% -0.25% 0.11% 0.65% - -
Benchmark 0.87% 1.89% 7.97% 1.89% 5.13% 2.99% -0.37% -0.61% 1.00% 1.65% 1.85% 2.17% 2.40% 3.49%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank 62 / 114 103 / 113 76 / 112 103 / 113 110 / 112 101 / 101 96 / 96 87 / 90 86 / 87 79 / 79 70 / 71 59 / 62 - -
Quartile Ranking 3 4 3 4 4 4 4 4 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.64% -1.35% -0.06% 0.33% -0.85% -2.85% -2.30% 5.58% 4.04% 0.03% -1.40% 1.10%
Benchmark 1.46% -1.67% -1.90% 0.45% 1.77% -2.69% 1.41% 3.17% 1.28% 0.85% 0.16% 0.87%

Best Monthly Return Since Inception

5.58% (November 2023)

Worst Monthly Return Since Inception

-8.21% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 7.21% 6.12% -5.16% 11.75% 6.54% -1.44% -17.68% 5.84%
Benchmark 12.44% 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - 3 1 4 1 2 4 4 4
Category Rank - - 35/ 62 9/ 71 78/ 78 14/ 84 44/ 89 74/ 93 100/ 101 93/ 111

Best Calendar Return (Last 10 years)

11.75% (2019)

Worst Calendar Return (Last 10 years)

-17.68% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 68.02
Foreign Government Bonds 16.00
Foreign Bonds - Other 9.69
Cash and Equivalents 3.64
US Equity 1.93
Other 0.72

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.36
Cash and Cash Equivalent 3.64
Financial Services 2.02
Other -0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.12
Europe 1.53
Africa and Middle East 0.67
Latin America 0.53
Asia 0.12
Other 0.03

Top Holdings

Top Holdings
Name Percent
United States Treasury 2.38% 31-Mar-2029 7.27
Uniform Mrtgage-Backed Security 4.00% 01-Oct-2052 2.71
United States Treasury 2.50% 15-May-2046 2.48
United States Treasury 0.00% 15-May-2046 1.96
U.S. Treasury STRIPS 0.00% 15-Feb-2051 1.51
Natwest Group PLC 4.89% 18-May-2029 1.40
Bank of America Corp 5.29% 25-Apr-2034 1.20
Canada Government 0.00% 23-Nov-2023 1.18
Wells Fargo & Co 5.39% 24-Apr-2034 1.17
United States Treasury 0.75% 15-Feb-2045 1.08

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

PIMCO Investment Grade Credit Fund (Canada) Series A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 8.59% 8.42% -
Beta 0.90% 0.89% -
Alpha -0.03% -0.01% -
Rsquared 0.56% 0.51% -
Sharpe -0.70% -0.25% -
Sortino -0.94% -0.48% -
Treynor -0.07% -0.02% -
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.51% 8.59% 8.42% -
Beta 0.90% 0.90% 0.89% -
Alpha -0.02% -0.03% -0.01% -
Rsquared 0.39% 0.56% 0.51% -
Sharpe -0.22% -0.70% -0.25% -
Sortino -0.02% -0.94% -0.48% -
Treynor -0.02% -0.07% -0.02% -
Tax Efficiency 49.77% - - -

Fund Details

Start Date September 14, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Capped
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PMO011
PMO111

Investment Objectives

The investment objective of the Fund is to maximize current income consistent with preservation of capital and prudent investment management. It invests primarily in non-Canadian dollar high quality corporate bonds diversified broadly across industries, issuers, and regions. Any change to the fundamental investment objectives must be approved by a majority of votes cast at a meeting of unitholders called for that purpose.

Investment Strategy

The Fund seeks to achieve its investment objective by investing the majority of its assets in a diversified portfolio of investment grade corporate fixed income securities of varying maturities. The average portfolio duration of this Fund normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the Barclays U.S. Credit Index. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates.

Portfolio Manager(s)

Name Start Date
Mark R. Kiesel 09-14-2015
Mohit Mittal 02-20-2020
Amit Arora 02-21-2020

Management and Organization

Fund Manager Pacific Investment Management Company LLC
Advisor Pacific Investment Management Company LLC
Custodian State Street Trust Company Canada
Registrar International Financial Data Services (Canada) Ltd
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.39%
Management Fee 1.25%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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