Investment Grade Credit Fund (Canada)

Fund Code: IGCF

Updated 27 February 2020

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  • DAILY MARKET PRICE (CAD)
    $20.84
  • PREMIUM / DISCOUNT
    0.45%
  • DAILY NAV (CAD)
    $20.75
  • DAILY YTD RETURN
    3.32%
  • SHARES OUTSTANDING
    1,900,000
    (as of 27-02-2020)
  • 3 MONTH AVG. DAILY VOLUME
    20,406
    (as of 31-01-2020)
  • FUND INCEPTION DATE
    14-09-2015
  • SHARES OUTSTANDING
    1,900,000
    (as of 27-02-2020)
  • 3 MONTH AVG. DAILY VOLUME
    20,406
    (as of 31-01-2020)
  • FUND INCEPTION DATE
    14-09-2015

Objective

The Fund seeks to maximize current income consistent with preservation of capital and prudent investment management.

Primary Portfolio

It invests primarily in non-Canadian dollar high quality corporate bonds diversified broadly across industries, issuers, and regions.

Overview

Fund Overview

Seeks attractive returns from high quality corporate bonds

Combining PIMCO’s forward-looking macroeconomic outlook and extensive bottom-up credit research, the fund helps investors take advantage of opportunities in higher-quality corporate bonds.

Why Invest in This Fund?

Attractive total return potential

The fund aims to provide investors with greater income potential relative to Treasuries and cash, as well as more income and less volatility in returns when compared to equity indexes.

Flexibility to enhance returns

The fund has the ability to broadly diversify across industries, issuers and regions of the corporate bond sector and can seek to add value through investments in high quality U.S. government bonds, mortgages and foreign bonds.

Extensive credit resources and research

Employing a disciplined approach to credit research, the fund accesses PIMCO’s team of more than 50 bottom-up credit investment professionals and utilizes top-down, bottom-up and valuation screens to identify what we believe are the most attractive opportunities in global credit markets.​

Our Expertise

Mark Kiesel was named Morningstar's 2012 Fixed Income Fund manager of the Year (U.S.) A longtime investment manager, he is CIO Global Credit, the global head of PIMCO's corporate bond portfolio management group and a senior member of the investment strategy and portfolio management group.

PRIMARY BENCHMARK

Bloomberg Barclays U.S. Credit Index CAD Hedged

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays U.S. Credit Index CAD Hedged is an unmanaged index comprised of publicly issued U.S. corporate and specified non-U.S. debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. This index was formerly known as the Bloomberg Barclays Credit Investment Grade Index. It is not possible to invest directly in an unmanaged index.

DISTRIBUTION FREQUENCY

Monthly

SERIES INCEPTION

29-09-2017

PRIMARY LISTING EXCHANGE

Toronto Stock Exchange

Managers

Mark R. Kiesel

CIO Global Credit

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Mohit Mittal

Portfolio Manager, Liability Driven Investment and Credit

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Amit Arora

Portfolio Manager, Credit

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Distributions