Balanced Income Fund (Canada)

Fund Code: PMO310

Updated 13 December 2018

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  • DAILY NAV (CAD)
    10.34
  • DAILY YTD RETURN
    -3.24%
  • TOTAL NET ASSETS (USD)
    62 MM
    (as of 30-11-2018)
  • TOTAL NET ASSETS (USD)
    62 MM
    (as of 30-11-2018)
  • CLASS
    Multi Asset
  • Series Inception Date
    19-10-2015
  • CLASS
    Multi Asset
  • Series Inception Date
    19-10-2015

Objective

The Fund seeks to maximize current income while providing long term capital appreciation.

Primary Portfolio

It invests primarily in a combination of fixed income and equity securities.​

Overview

Fund Overview

A balanced approach to income investing

PIMCO Balanced Income Fund (Canada) aims to provide attractive current income as well as capital appreciation over the long term by combining the higher capital appreciation and dividend-paying potential of equities with the lower volatility and attractive income potential of fixed income.

Why Invest in This Fund?

Benefits of a balanced approach

PIMCO’s balanced equity and fixed income strategy strives to provide the attractive return potential of equities with the income and capital preservation potential of fixed income, making it beneficial for investors as a part of a diversified portfolio.

Global and flexible

In an effort to capitalize on changing market conditions, the fund’s investment strategy is global which provides the portfolio management team with considerable flexibility to invest in the best income-generating opportunities across the capital structure, diversified by geography and sector.

Driven by research

For fixed income, PIMCO portfolio managers take a broad-based approach, targeting multiple sources of potential income from an expansive opportunity set across both higher yielding and higher quality bonds. For equities, portfolio managers from Research Affiliates employ a fundamentally-weighted, active global developed equity strategy built on smart beta that seeks higher-yielding companies generating sustainable dividends at attractive valuation.

Industry-leading portfolio management

The fixed income component is managed by PIMCO's Alfred Murata and Dan Ivascyn, both current managers of the Monthly Income Fund (Canada). The equity component is managed by Research Affiliates' Rob Arnott and Chris Brightman, experienced equity investors of the Research Affiliates Equity (“RAE”) strategies. ​

PRIMARY BENCHMARK

50% MSCI World CAD Hedged/50% Bloomberg Barclays Global Aggregate CAD Hedged

PRIMARY BENCHMARK DESCRIPTION

The benchmark is a blend of 50% MSCI World Index CAD Hedged/50% Bloomberg Barclays Global Aggregate CAD Hedged. The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of 23 developed market country indices. Bloomberg Barclays Global Aggregate (CAD Hedged) Index provides a broad-based measure of the global investment-grade fixed income markets. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian-Pacific Aggregate Indices. The index also includes Eurodollar and Euro-Yen corporate bonds, Canadian Government securities, and USD investment grade 144A securities.

DISTRIBUTION FREQUENCY

Quarterly with Daily Accrual

SERIES INCEPTION

19-10-2015

Portfolio Composition

All data as of unless otherwise stated

Sector Allocation %

MV% DWE%
Government Related 43.66 32.52
Mortgage 32.81 28.98
Invest. Grade Credit 6.25 11.31
High Yield Credit 17.39 12.05
Emerging Markets 18.10 7.51
Municipal/Other 8.00 7.26
Net Other Short Duration Instruments1 -26.21 0.37

Maturity %

0-3 mos 0.03
3-6 mos 0.00
6-9 mos 0.00
9-12 mos 0.00
1-3 yrs 6.59
3-5 yrs 21.83
5-10 yrs 66.58
10-20 yrs 21.12
20+ yrs -16.15
Effective Maturity (yrs) 4.39

Duration in Years

Effective Duration (yrs) 3.42

Top Holdings Market Value %

(as of 11/30/2018)

Pfizer Inc 1.44
Exxon Mobil Corporation 1.21
International Business Machines Corporation 0.98
Verizon Communications Inc 0.97
Walmart Inc (Aka Wal-Mart Stores Inc) 0.92
HSBC Holdings PLC 0.90
Merck & Co Inc 0.79
Sanofi 0.70
American International Group Inc 0.69
Royal Dutch Shell Plc 0.68

GICS Sector Weights

Financials 22.38
Health Care 12.55
Energy 11.87
Consumer Discretionary 9.91
Communication Services 9.65
Industrials 7.41
Consumer Staples 7.10
Utilities 6.94
Information Technology 6.59
Materials 3.50

Top Countries Market Value %

United States 65.75
United Kingdom 7.76
Japan 6.58
Canada 5.71
Australia 3.98
France 3.66
Germany 2.43
Russia 1.67
Netherlands 1.41
Argentina