PIMCO Low Duration US Corporate Bond Source UCITS ETF

Product description

The PIMCO Low Duration US Corporate Bond Source UCITS ETF (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.

Security Information

General information
Base currency USD
Dividend treatment Quarterly
Launch date 17 Nov 2014
Shares outstanding 1,338,002
Exchanges London Stock Exchange
SIX Swiss Exchange
Borsa Italiana
Further information
ISA Eligible
SIPP Eligible
UCITS Compliant
UK reporting status Yes
Passported to Austria, Denmark, Finland, France, Germany, Ireland, Italy, 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
Yield information
Use of income Distributed
Fund statistics NAV ( 12 Jul 2019 )
Number of holdings 269
Recent distributions
Announcement date 6 Jun 2019
Ex-date 13 Jun 2019
Record date 14 Jun 2019
Payment date 28 Jun 2019
Distribution per shares 0.8184
Currency USD
Download all distributions

Key information

Bloomberg ticker LDCU LN
ISIN IE00BP9F2H18
Benchmark BBG ticker CVA0
Management fee 0.49%
NAV (9 Jul 2019) $103.30
AUM $153,015,880
Base currency USD

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 UK Services Limited 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.