Pimco - Japanese Corporate Bond Fund
Posted: Thu Sep 24, 2020 7:39 am
Is anyone familiar with vehicles like this PIMCO fund?
http://www.morningstar.co.jp/FundData/S ... 2016063005
https://www.rakuten-sec.co.jp/web/fund/ ... 90C000DFZ4
Their fee is "okay" at 0.5765%, but I am a little unsure about the structure.
They focus on 1. Established Japanese companies. 2. High-quality Bonds and Debt with at least A rating 3. They currency hedge somewhat.
It seemed really intriguing, but then I realized that they seem to deal in CDS, (credit default swaps) and not necessarily bonds themselves. (see attached image.
I cannot find the exact ratio of CDS to bonds in the prospectus. Where would I find them? Any Comments on the fund generally?
http://www.morningstar.co.jp/FundData/S ... 2016063005
https://www.rakuten-sec.co.jp/web/fund/ ... 90C000DFZ4
Their fee is "okay" at 0.5765%, but I am a little unsure about the structure.
They focus on 1. Established Japanese companies. 2. High-quality Bonds and Debt with at least A rating 3. They currency hedge somewhat.
It seemed really intriguing, but then I realized that they seem to deal in CDS, (credit default swaps) and not necessarily bonds themselves. (see attached image.
I cannot find the exact ratio of CDS to bonds in the prospectus. Where would I find them? Any Comments on the fund generally?