PIMCO Global Real Return I Dis $

Objectives The fund aims to maximise the "real return" on your investment, providing a hedge against inflation through primarily investing in a diversified portfolio of intermediate duration global inflation-linked bonds, using prudent investment management principles. Investment Policy The fund aims to achieve its objective by investing in a range of inflation-linked fixed income securities and instruments (which are similar to loans that pay a fixed or variable rate of interest) issued by governments, their agencies or instrumentalities and corporations. "Real return" equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure. The fund is considered to be actively managed in reference to the Bloomberg World Government InflationLinked Bond Index (the "Index") by virtue of the fact that the Index is used for duration measurement, calculating the global exposure of the fund using the relative VaR methodology and for performance comparison purposes. Certain of the fund's securities may be components of and may have similar weightings to the Index. However, the Index is not used to define the portfolio composition of the fund or as a performance target and the fund may be wholly invested in securities which are not constituents of the Index. The average portfolio duration of this fund will normally vary within two years (plus or minus) of the duration of the Index. Duration measures the sensitivity of the assets to interest rate risk. The longer the duration the higher the sensitivity to changes in interest rates. The fund invests primarily in "investment grade" securities but may also invest up to 10% in "non-investment grade" securities. Non-investment grade securities are considered to be more risky, but typically produce a higher level of income. The fund will promote environmental characteristics through active engagement with companies and issuers and exclusion screening. The fund may inves

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No