PIMCO Global Commodity Real Return - Managed Fund (Closed)

Fund Objective

The Fund seeks to achieve a return in excess of the Dow Jones-UBS Commodity Index Total Return, hedged in Australian dollars over a rolling three year period.

Fund Strategy

The Fund invests in commodity-linked derivative instruments backed by a portfolio of short-term fixed income instruments. Commodity-linked derivatives provide exposure to the investment returns of the commodity markets, without investing directly in the physical assets.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.46%	6.73%	6.03%	-1.05%	-0.83%	-5.28%	7.23%	-%
Growth return	-2.56%	3.53%	2.59%	-11.46%	-7.86%	-10.6%	2.15%	-%
Income return	3.02%	3.2%	3.44%	10.41%	7.03%	5.32%	5.08%	-%
Market index (Morningstar Long-Only Commodity TR AUD)
Total return	7.31%	15.54%	26.62%	41.74%	1.8%	2.09%	3.54%	-1.44%

As at 31 Mar 2014. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

PIMCO Global Commodity Real Return

Alternatives: 100%

International Equities: 0%

Cash: 0%

Average Allocation of Peers

Alternatives: 80.62%

International Equities: 18.18%

Cash: 1.19%

General Information

Fund Details

Type	Description
Fund Name	PIMCO Global Commodity Real Return (Wholesale)
Fund Status	Closed
Responsible Entity	Equity Trustees Ltd
APIR Code	ETL0048AU
Sector/Asset Class	Commodities & Precious Metals
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	17 Oct 2005
Fund Size	$6.4 million (as at 17 Apr 2014)
Entry Price	$423.0125 (as at 17 Apr 2014)
Exit Price	$422.5894 (as at 17 Apr 2014)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	0.64% (as at 30 Jun 2011)
Minimum initial investment	$500,000
Minimum additional investments	$500,000

Top 10 holdings (as at 31 Dec 2013)

Holding (as at 31 Dec 2013)	Type	% of Portfolio
Australia(Cmnwlth) 4.5%	Bond - Gov't/Treasury	70.33%
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FAQs about the PIMCO Global Commodity Real Return

What is the objective of the PIMCO Global Commodity Real Return managed fund?

The objective of the PIMCO Global Commodity Real Return managed fund is The Fund seeks to achieve a return in excess of the Dow Jones-UBS Commodity Index Total Return, hedged in Australian dollars over a rolling three year period.

What is the strategy for the PIMCO Global Commodity Real Return managed fund?

The strategy of the PIMCO Global Commodity Real Return managed fund is The Fund invests in commodity-linked derivative instruments backed by a portfolio of short-term fixed income instruments. Commodity-linked derivatives provide exposure to the investment returns of the commodity markets, without investing directly in the physical assets.

What is the APIR code of the PIMCO Global Commodity Real Return managed fund?

The APIR code of the PIMCO Global Commodity Real Return managed fund is ETL0048AU.

What was PIMCO Global Commodity Real Return’s total return last month?

PIMCO Global Commodity Real Return’s total return last month was 0.46%. This was made up of a growth return of -2.56% and an income return of 3.02%. These returns were calculated as at 31 Mar 2014.

What was PIMCO Global Commodity Real Return’s total return for the last three months?

PIMCO Global Commodity Real Return’s total return for the last three months was 6.73%. This was made up of a growth return of 3.53% and an income return of 3.2%%. These returns were calculated as at 31 Mar 2014.

What is PIMCO Global Commodity Real Return’s one-year total return?

PIMCO Global Commodity Real Return’s one-year total return is -1.05%. This was made up of a growth return of -11.46% and an income return of 10.41%. These returns were calculated as at 31 Mar 2014.

What is PIMCO Global Commodity Real Return’s three-year total return?

PIMCO Global Commodity Real Return’s one-year total return is -5.28%. This was made up of a growth return of -10.6% and an income return of 5.32%. These returns were calculated as at 31 Mar 2014.

What is the asset allocation of the PIMCO Global Commodity Real Return managed fund?

The asset allocation of the PIMCO Global Commodity Real Return managed fund is :

Alternatives: 100%

International Equities: 0%

Cash: 0%

Who is the responsible Entity of the PIMCO Global Commodity Real Return managed fund?

The Responsible Entity for the PIMCO Global Commodity Real Return managed fund is Equity Trustees Ltd.

What sector/asset class does the PIMCO Global Commodity Real Return managed fund belong to?

The PIMCO Global Commodity Real Return managed fund belongs to the Commodities & Precious Metals sector/asset class.

What is the size of the PIMCO Global Commodity Real Return managed fund?

As at 17 Apr 2014, the size of the PIMCO Global Commodity Real Return managed fund was $6.4 million.

What is the inception date of the PIMCO Global Commodity Real Return managed fund?

The PIMCO Global Commodity Real Return managed fund has an inception date of 17 Oct 2005.

What is the current entry price of the PIMCO Global Commodity Real Return managed fund?

The current entry price of the PIMCO Global Commodity Real Return managed fund is $423.0125 per unit and the current exit price is $422.5894 per unit (as at 17 Apr 2014).

What is the current exit price of the PIMCO Global Commodity Real Return managed fund?

The current exit price of the PIMCO Global Commodity Real Return managed fund is $422.5894 per unit and the current entry price is $423.0125 per unit (as at 17 Apr 2014).

What is the minimum investment amount for the PIMCO Global Commodity Real Return managed fund?

The minimum initial investment amount for the PIMCO Global Commodity Real Return managed fund is $500,000. Minimum additional investment is $500000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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