Global Income Opportunities Fund

PGI

Updated 16 September 2021

Objective

The Fund's investment objectives are to: a) provide holders of Units ("Unitholders") with monthly cash distributions; b) maximize total return to Unitholders through distributions and capital appreciation; and c) preserve capital.

Primary Portfolio

Primarily fixed-income securities selected from multiple global fixed-income sectors

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Overview

Fund Overview

Pursues income across global fixed-income sectors.

The global economic landscape is constantly changing, causing different bond sectors to go in and out of favour. This Fund’s multi-sector approach allows it to seek out the best income-generating ideas in any given market climate, targeting multiple sources of income from a global opportunity set.

Highlights

  • Offers access to PIMCO’s best income-generating ideas across multiple global fixed-income sectors.
  • Investments may include mortgage-backed securities, investment-grade and high-yield corporates, developed and emerging markets corporate and sovereign bonds, other income producing securities and related derivative instruments.
  • Dynamic sector allocation reflects PIMCO’s macroeconomic views and assessments of relative value and credit market trends.
  • Closed-end vehicle allows the fund’s managers to invest in less-liquid securities, which tends to increase risk and potential returns.
  • Benefits from PIMCO’s robust credit research capabilities and risk management.

Investment Process

PIMCO has been actively managing income-producing securities for 40 years and is recognized as one of the world’s premier investment managers. Known for its innovative philosophy, global expertise and resources, and skilled investment professionals, the firm has dedicated specialists in virtually every sector of global fixed income. PIMCO’s innovative investment process is designed to add value for clients by marrying a top-down, global macroeconomic outlook with bottom-up analysis from one of the industry’s most experienced research teams.

ASSET CLASS

Managers

Alfred T. Murata

Portfolio Manager, Mortgage Credit

View Profile for Alfred T. Murata

Daniel J. Ivascyn

Group Chief Investment Officer

View Profile for Daniel J. Ivascyn

Joshua Anderson

Head of Global ABS Portfolio Management

View Profile for Joshua Anderson

Yields & Distributions

Historical Prices & Distributions

Daily Yields

as of 16-09-2021
Daily NAV Distribution Yield1 6.92%
Daily Market Price Distribution Yield1 6.99%

Monthly Yields

as of 31-08-2021
Monthly NAV Distribution Yield1 6.96%
Monthly Market Price Distribution Yield1 6.96%

Distributions

Latest Distribution ($/Share)2 as of 30-08-2021 (CAD) $0.05688
Dividend (YTD) as of 30-08-2021 (CAD) $0.45504
Special Cash Distribution as of - -

disclosures

1Distribution yields are not performance and are calculated by annualizing the most recent distribution per share and dividing by the NAV or Market Price as of the reported date.
2Data does not include special cash dividends.
Distribution rate is calculated by dividing the last distribution paid per share (annualized) by the market price or NAV per unit as indicated.

Fees & Expenses

Management Fee (%)3 1.25%
Management Expense Ratio (%)4 3.22%

disclosures

3The Management Fee is applied to the Fund's total assets. Total assets is the aggregate value of the assets of the Fund.
4Management Expense Ratio is calculated as an annualized percentage of daily average net assets, and is as of the most recent annual MRFP.

Prices & Performance

Daily Statistics

All data as of 16-09-2021

NAV $9.86 Market Price $9.77
Daily Change $0.00 Daily Change $-0.01
One Day Return 0.00% One Day Return -0.10%
Premium / Discount -0.91%

All data as of

All data as of

Past performance is not a guarantee or a reliable indicator of future results. An investment in the fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Returns are calculated by determining the percentage change in NAV or market share price (as applicable) with all distributions reinvested. Although market price returns typically reflect investment results over time, during shorter periods returns at market price can also be influenced by factors such as changing views about the fund, market conditions, supply and demand for the fund’s shares or changes in fund distributions. NAV returns reflect the deduction of management fees and expenses. NAV and Market Price returns do not reflect broker sales charges or commissions and would be lower if they were deducted.

Calendar Year Returns %

All data as of

Fund Pricing

(Since Inception) All data as of 16-09-2021

disclosures

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.

Documents

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Disclosures

The information relating to the Fund presented on this website has not been audited and may be calculated and presented differently from similar information (such as representations of portfolio composition, assets and leverage and other data) included in the Fund's annual financial statements and other sources.
The Fund is a closed-end exchange traded investment fund. The material on this website is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, units are sold on the open market through a stock exchange. Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund annual and semi-annual report. For additional information, please contact your investment professional.
Investment policies, management fees and other matters of interest to prospective investors may be found in the Fund's disclosure documents, including its most currently filed financial statements and management reports of fund performance.
Shares of closed-end funds frequently trade at a discount to their net asset value, which may increase risk of loss. The risk may be greater for investors expecting to sell their shares in a relatively short period after completion of the fund's initial public offering.
The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

PIMCO Canada Corp, 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350
A significant portion of the fund's monthly distributions may be sourced from the fund's derivatives transactions. Some or all of these transactions, such as paired swap transactions, may also generate capital losses without corresponding offsetting capital gains, such that portions of the fund's distributions recognized as ordinary income for tax purposes may be economically similar to a taxable return of capital when considered together with such capital losses. Please see the fund's most recent shareholder report for details.
As with any stock, the price of the fund’s common shares will fluctuate with market conditions and other factors. Shares of closed-end management investment companies frequently trade at a price that is less than (a “discount”) or more than (a “premium”) from their net asset value. If the fund’s shares trade at a premium to net asset value, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter. Additionally, the fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the fund distribution rate at a future time.
Total net asset value (NAV) return measures the change in NAV per unit over the period indicated. Total maket value return is computed based upon the Fund's TSX market price per unit and excludes the effects of brokerage commissions. Dividends and distributions are assumed, for purposes of these calculations, to be reinvested at prices obtained under the Fund's dividend reinvestment plan.
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