ESG Income Fund (Canada)

Fund Code: PMO217

Updated 18 October 2021

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  • DAILY NAV (CAD)
    10.07
  • DAILY YTD RETURN
    -
  • TOTAL NET ASSETS (CAD)
    21 MM
    (as of 30-09-2021)
  • TOTAL NET ASSETS (CAD)
    21 MM
    (as of 30-09-2021)
  • CLASS
    Fixed Income
  • Series Inception Date
    26-02-2021
  • CLASS
    Fixed Income
  • Series Inception Date
    26-02-2021

Objective

While incorporating PIMCO’s Environmental, Social and Governance (“ESG”) investment strategy, the Fund‘s primary investment objective is to maximize current income, consistent with preservation of capital and prudent investment management.

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Overview

Fund Overview

The fund takes a broad-based approach to investing in income-generating bonds, seeking to build a diversified portfolio within a socially conscious framework that uses environmental-, social-, and governance-related (ESG) criteria to choose securities that comprise the fund and to proactively engage with issuers to realize ESG-related objectives.

Why Invest In This Fund

Focus on income as a driver of total return

The fund seeks to invest across high quality and higher yielding sectors of the fixed income markets in an effort to provide a diversified income stream. The strategy also incorporates a “bend but don’t break” philosophy where we expect some price volatility but attempt to avoid defaults in a credit-stressed environment.

Built on PIMCO’s ESG philosophy to exclude, evaluate and engage

The Fund seeks a strategic allocation to green, social and sustainability-linked bonds, low carbon footprint and issuer engagement. The fund will seek to emphasize issuers committed to sustainability with strong ESG credentials.

Ability to be opportunistic

The fund’s five veteran portfolio managers – Dan Ivascyn, Josh Anderson, Jing Yang, Alfred Murata and Jelle Brons – collaborate with a large, experienced team across portfolio management, credit research, portfolio analytics and risk management.

PRIMARY BENCHMARK

Bloomberg U.S. Aggregate Index (CAD Hedged)

PRIMARY BENCHMARK DESCRIPTION

Bloomberg U.S. Aggregate Index (CAD Hedged) represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest directly in an unmanaged index.

DISTRIBUTION FREQUENCY

Monthly with Daily Accrual

SERIES INCEPTION

26-02-2021

Managers

Joshua Anderson

Head of Global ABS Portfolio Management

View Profile for Joshua Anderson

Jing Yang

Portfolio Manager, Structured Credit

View Profile for Jing Yang

Daniel J. Ivascyn

Group Chief Investment Officer

View Profile for Daniel J. Ivascyn

Alfred T. Murata

Portfolio Manager, Mortgage Credit

View Profile for Alfred T. Murata

Jelle Brons

Portfolio Manager, Global Investment Grade Credit

View Profile for Jelle Brons

Fees & Expenses

Management Fee (%)1 0.75%
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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