PIMCO Low Duration US Corporate Bond Source UCITS ETF CHF Hedged Accumulation

Product description

The PIMCO Low Duration US Corporate Bond Source UCITS ETF CHF Hedged accumulation (the “Fund”) seeks to maximise total return, consistent with prudent investment management. The Fund is actively managed by PIMCO and invests primarily in a diversified portfolio of US Dollar denominated investment grade corporate Fixed Income instruments. Portfolio duration may vary between 0-4 years. The Fund may tactically invest up to 10% of assets in below-investment grade issues and non-US Dollar denominated currency exposure. It may invest up to 20% of assets in emerging market fixed income instruments. The portfolio manager is Mark Kiesel.

To minimise exposure to fluctuations in the exchange rate between USD and CHF, the CHF Hedged share class enters into foreign exchange transactions (typically one month currency forwards, rolled monthly).

Security Information

General information
Base currency CHF
Dividend treatment Accumulation
Minimum investment 1 share
Launch date 30 Apr 2015
Shares outstanding 143,555
Exchanges SIX Swiss Exchange
Further information
ISA Eligible
SIPP Eligible
UCITS Yes
UK reporting status Yes
Passported to Austria, Denmark, Finland, France, Germany, Ireland, Italy (Institutional only), Luxembourg, Netherlands, Norway, Spain, Switzerland, Sweden, United Kingdom,
Structure
Legal form UCITS Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 31 March
Tax information for German investors
Equity ratio 0.0000
Key service providers
Issuer PIMCO Fixed Income Source ETFs plc
Manager PIMCO Europe Ltd
Fund administrator State Street Fund Services (Ireland) Limited
Investment advisor PIMCO Europe Ltd
Depositary State Street Custodial Services (Ireland) Limited
Auditor PricewaterhouseCoopers
Promoter PIMCO Europe Limited, Invesco UK Services Limited
Fund statistics NAV ( 6 Dec 2019 )
Number of holdings 270

Key information

Bloomberg ticker LDCC SW
ISIN IE00BWC52F58
Benchmark BBG ticker CVA0
Management fee 0.54%
NAV (6 Dec 2019) CHF103.08
AUM CHF149,522,296
Base currency CHF

Key risks

Counterparty risk: Other financial institutions provide services such as safekeeping of assets or as a counterparty to financial contracts such as derivatives. The fund is exposed to the risk of bankruptcy, or other type of default of transaction counterparties.

Fixed Income risk: There is a risk that the institution which issued the securities will fail, which would result in a loss of income to the fund. Fixed income values are likely to fall if interest rates rise.

Liquidity on secondary market risk: Lower liquidity means there are insufficient buyers or sellers to allow the fund to sell or buy the fund's Investments. On-exchange liquidity may be limited due to suspension of Reference Index pricing, a decision by one of the relevant stock exchanges, or a breach by one or more market makers of respective stock exchange requirements and guidelines.

Risk of using derivatives: In order to reach its investment objective, the fund may use swaps, including futures and forwards. Such derivatives may result in gains or losses that are greater than the original amount invested.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.