Climate Bond Fund (Canada)

Fund Code: PMO216

Updated 09 April 2021

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  • DAILY NAV (CAD)
    9.97
  • DAILY YTD RETURN
    -
  • TOTAL NET ASSETS (CAD)
    06 MM
    (as of 31-03-2021)
  • TOTAL NET ASSETS (CAD)
    06 MM
    (as of 31-03-2021)
  • CLASS
    Fixed Income
  • Series Inception Date
    26-02-2021
  • CLASS
    Fixed Income
  • Series Inception Date
    26-02-2021

Objective

The Fund seeks optimal risk adjusted returns, consistent with prudent investment management, while giving consideration to long term climate-related risks and opportunities by primarily investing its assets in a diversified portfolio of Fixed Income Instruments of varying maturities.

Primary Portfolio

Multi-sector credit fixed income securities with a concentration on climate change solution providers

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Overview

Fund Overview

A global leader in ESG fixed income investing

PIMCO Climate Bond Fund seeks to be a global climate action leader in fixed income, giving special investment consideration to long-term climate risks and opportunities, consistent with prudent investment management, while seeking optimal risk-adjusted returns.

Why Invest In This Fund

Seeks to directly mitigate first-order climate risks

Addressing climate change has become a first-order issue for many business leaders and policy makers globally as risks and realities mount, and public engagement grows. The fund seeks to address this challenge by investing in efforts to mitigate climate risks today while raising up the providers of long-term climate solutions of tomorrow.

Ability and access to drive solutions

The fund seeks to deliver optimal risk-adjusted returns while supporting positive climate change solutions. The fund aims to do this by accessing a diversified portfolio of multi-sector global bonds from issuers of labeled and unlabeled green bonds, as well as companies demonstrating climate change leadership across the value chain.

Positioned for positive change

PIMCO is well-positioned to influence and support positive climate change solutions. The firm’s expansive reach in fixed income markets due to its size, scope of expertise and ability to engage issuers has made it an impactful participant, which has helped guide companies and move the market toward meaningful climate change solutions.

Our Expertise

The fund’s four veteran portfolio managers Jelle Brons, Ketish Pothalingam, Scott Mather and Samuel Mary collaborate with a large and experienced team across portfolio management, credit research, portfolio analytics and risk management.

PRIMARY BENCHMARK

BBG BC Global Green Bond - CAD Hedged

PRIMARY BENCHMARK DESCRIPTION

The Bloomberg Barclays MSCI Green Bond Index, CAD Hedged offers investors an objective and robust measure of the global market for fixed income securities issued to fund projects with direct environmental benefits. An independent research driven methodology is used to evaluate index-eligible green bonds to ensure they adhere to established Green Bond Principles and to classify bonds by their environmental use of proceeds. It is not possible to invest directly in an unmanaged index.

DISTRIBUTION FREQUENCY

Quarterly with Daily Accrual

SERIES INCEPTION

26-02-2021

Managers

Jelle Brons

Portfolio Manager, Global Investment Grade Credit

View Profile for Jelle Brons

Ketish Pothalingam

Portfolio Manager, U.K. Credit

View Profile for Ketish Pothalingam

Scott A. Mather

CIO U.S. Core Strategies

View Profile for Scott A. Mather

Samuel Mary

ESG Research Analyst

View Profile for Samuel Mary

Fees & Expenses

Management Fee (%)1 0.750%
Management Expense Ratio (%)2 -

disclosures

1The Annual Management Fee is used to pay for investment management services and general administration of the fund, this fee does not include taxes.
2Management expense ratio is the total of the fund’s management fee and operating expenses for the stated period and is expressed as an annualized percentage of daily average net asset value during the period.

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Disclosures

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.


No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available on pimco.ca or from your Financial Advisor.

All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Equities may decline in value due to both real and perceived general market, economic and industry conditions. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

 

Socially responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by PIMCO will reflect the beliefs or values of any one particular investor. Information regarding responsible practices is obtained through voluntary or third-party reporting, which may not be accurate or complete, and PIMCO is dependent on such information to evaluate a company’s commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. There is no assurance that the socially responsible investing strategy and techniques employed will be successful. Past performance is not a guarantee or reliable indicator of future results.

This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product.


The Funds offer different series, which are subject to different fees and expenses (which may affect performance), having different minimum investment requirements and are entitled to different services


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

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