LDCU

US Low Duration Corporate Bond UCITS ETF
Investment Grade
category / asset class
1.56%
est. yield to maturity
As of 23/10/2020
$105.77
DAILY NAV
As of 23/10/2020
3.32%
ytd return
As of 23/10/2020

why invest in this fund

Enhanced Yield Potential

Short-dated corporate bonds offer a yield that is higher than short-dated government bonds but with similar drawdown risk.

tab 1 graph

Portfolio Information

2.56 Years
Effective Maturity
As of 23/10/2020
2.46 Years
Effective Duration
As of 23/10/2020
1.56%
est. yield to maturity
As of 23/10/2020
A
average quality
As of 23/10/2020

Fund Facts

FUND DESCRIPTION

The PIMCO US Low Duration Corporate Bond UCITS ETF aims to generate maximum total return, consistent with prudent investment management. The Fund will invest primarily in an actively managed diversified portfolio of US Dollar denominated investment grade corporate Fixed Income Instruments. Portfolio duration may vary between 0-4 years and the fund may invest up to 10% of assets in below-investment-grade securities.

DAILY NAV PRICE
$105.77
As of 23/10/2020

Price

Trading Information


Trading Currency
USD


Exchange ticker
LDCU

Settlement Period
T+2

Bloomberg ticker
LDCU LN

Trading Information


Trading Currency
USD


Exchange ticker
LDCU

Settlement Period
T+2

Bloomberg ticker
LDCU SW

Trading Information


Trading Currency
EUR


Exchange ticker
LDCU

Settlement Period
T+2

Bloomberg ticker
LDCU IM

BENCHMARK INFORMATION

ICE BofAML US Corporate Bond 1-5 Year Index

The Index offers exposure to US Dollar denominated investment grade corporate bonds from industrial, utility and financial issuers with a remaining term to final maturity less than 5 years.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker CVAO

The fund is considered to be actively managed in reference to the ICE BofAML US Corporate Bond 1–5 Year Index (the "Index") by virtue of the fact that the Index is used for 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.

BENCHMARK INFORMATION
Data point name Data point value

Security Information

As of 23/10/2020

General

ISIN IE00BP9F2H18
AUM $120,947,651.43
Benchmark BBG Ticker CVAO
Number of Holdings 391
Base Currency USD
Launch Date 17 November 2014
Shares Outstanding 1,054,182
UK Reporting Status Yes
Registered for Distribution in Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Exchanges London Stock Exchange, SIX Swiss Exchange, Borsa Italiana
UCITS Yes
Dividend Treatment Quarterly

Structure

Legal Form UCITS
Replication Method Physical
Domicile Ireland
Financial Year End 31 March
Equity Ratio (Tax Information for German Investors) 0.00
Use of Income Distributed

Key Service Providers

Issuer ETF Ireland
Manager PIMCO Europe Ltd
Fund Administrator State Street Fund Services (Ireland) Limited
Depository State Street Custodial Services (Ireland) Limited
Authorized Participants Bank of America Merrill Lynch, Bluefin, Commerzbank, Credit Suisse, Flow Traders, Goldenberg Hehmeyer, Goldman Sachs, JP Morgan, Jane Street, Morgan Stanley, Nomura International PLC, Unicredit, Virtu Financial

Top Ten Exposure

As of 22/10/2020

Top Ten Exposure table

Name Coupon Weight (%)
FIN FUT US 5YR CBT 12/31/20 6.00 13.83
FIN FUT US 2YR CBT 12/31/20 6.00 7.50
U S TREASURY INFLATE PROT BD 0.13 5.84
REPO 0.08 3.73
SMBC AVIATION CAPITAL FI SR UNSEC 144A 2.65 3.64
U S TREASURY INFLATE PROT BD 0.63 3.53
U S TREASURY NOTE 0.25 3.30
FNMA TBA 3.5% DEC 30YR 3.50 3.11
CRH AMERICA INC SR UNSEC 5.75 3.08
U S TREASURY NOTE 1.50 2.98

Fund Managers

fund manager Mark R. Kiesel
Mark R. Kiesel
CIO Global Credit
fund manager Amit Arora
Amit Arora
Portfolio Manager, Credit
fund manager Lillian Lin
Lillian Lin
Portfolio Manager, Investment Grade Credit
As of 23/10/2020

Fees and Expenses

Name Value
Management Fee 0.49%

Because the fund is an ETF, investors will typically only be able to buy or sell shares in the secondary market, on exchange. Authorized Participants who help in the creation or redemption of shares in the primary market, may face “create” or “redeem” fees (aka “entry” or “exit” fees) on the cash portion of the transaction (up to a maximum of 3.00%). These create and redeem fees are not applicable to secondary market investors. However, secondary market investors may incur brokerage and/or transaction fees in connection with their dealings. Secondary market investors may also bear the costs of bid-ask spreads; meaning the difference between the prices at which shares can be bought and sold.

Yields

1.56%
est. yield to maturity
As of 23/10/2020
2.73%
Current Yield
As of 23/10/2020
1.89%
distribution yield
As of 30/09/2020

Recent Distributions

As of 23/10/2020
Ex-Date
17/09/2020
Record Date
10/09/2020
Distribution Per Shares
0.4969
Currency
USD

Dividends

As of 23/10/2020
Distribution Date Dist. NAV ($) Dividend Income ($) Dist. Total ($)
17/09/2020 105.57 0.496916 0.496916
18/06/2020 104.33 0.588426 0.588426
19/03/2020 100.39 0.696913 0.696913
19/12/2019 103.90 0.718970 0.718970
19/09/2019 103.50 0.831163 0.831163
13/06/2019 102.99 0.818393 0.818393
14/03/2019 101.59 0.717045 0.717045
20/12/2018 100.03 0.796390 0.796390
13/09/2018 100.38 0.700110 0.700110
14/06/2018 100.32 0.638018 0.638018
15/03/2018 101.08 0.623475 0.623475
14/12/2017 102.12 0.594958 0.594958
14/09/2017 102.71 0.572708 0.572708
15/06/2017 102.43 0.594287 0.594287
16/03/2017 101.43 0.543267 0.543267
15/12/2016 100.51 0.584853 0.584853
15/09/2016 101.87 0.649169 0.649169
16/06/2016 101.07 0.632152 0.632152
17/03/2016 99.71 0.530485 0.530485
17/12/2015 98.82 0.465149 0.465149
17/09/2015 99.46 0.497291 0.497291
18/06/2015 99.85 0.631162 0.631162
19/03/2015 100.23 0.513638 0.513638
18/12/2014 99.32 0.094347 0.094347

Discrete Performance

As of 30/09/2020
ANNUALIZED RETURNS
Annual Returns
Sep `15 - Sep `16 Sep `16 - Sep `17 Sep `17 - Sep `18 Sep `18 - Sep `19 Sep `19 - Sep `20
US Low Duration Corporate Bond UCITS ETF 5.12 2.83 0.39 6.51 4.19
ICE BofAML US Corporate Bond 1-5 Year Index 3.56 1.82 0.16 6.95 5.47
Performance - Fund vs Index 1.56 1.01 0.23 -0.44 -1.28
As of 30/09/2020
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio ICE BofAML US Corporate Bond 1-5 Year Index Index ratio
Government Related 31.70 0.00
Securitized 3.94 0.00
Invest. Grade Credit 63.07 95.00
High Yield Credit 3.17 0.00
Emerging Markets 5.35 5.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments -7.24 0.00
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio ICE BofAML US Corporate Bond 1-5 Year Index Index ratio
Government Related 41.83 0.00
Securitized 2.26 0.00
Invest. Grade Credit 49.36 95.00
High Yield Credit 1.93 0.00
Emerging Markets 4.15 5.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments 0.48 0.00
As of 30/09/2020
Portfolio Composition - Maturity Distribution
Years % of Fund % of ICE BofAML US Corporate Bond 1-5 Year Index
0-1 19.00 0.00
1-3 41.00 47.00
3-5 38.00 51.00
5-10 2.00 2.00
10-20 0.00 0.00
20+ 0.00 0.00
Effective Maturity (yrs) 2.61 -
As of 23/10/2020
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 4.05
Below A1/P1 0.00
AAA 34.22
AA 1.59
A 18.51
BAA 37.67
BB 2.84
B 0.40
Below B 0.72

interest rate exposures

As of 30/09/2020
exposure FUND index
Effective Duration 2.58 2.80
Bull Market Duration 2.54 2.80
Bear Market Duration 2.71 2.80
Total Curve Duration -0.09 N/A

sector exposures

As of 30/09/2020
exposure FUND index
Mortgage Spread Duration 0.14 0.00
Corporate Spread Duration 1.38 2.71
Emerging Markets Spread Duration 0.22 0.25

country exposure breakdown

DISCLOSURES

Important information


Your capital is at risk. You may not get back the amount you invested. Past performance is not a guarantee or reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future.  


The information on this Website is not intended as investment advice or as a recommendation to invest in any particular asset class, security or strategy. The information provided is for illustrative purposes only, and it should not be relied upon as investment advice or as a recommendation to buy or sell securities. Investors should seek independent professional advice prior to investing. Any investment in an ETF should be made on the basis of the relevant Prospectus and Key Investor Information Documents, including consideration of the investment objective, risks, charges and expenses. Further information on the ETFs, their Prospectus, Key Investor Information Documents and Supplements are available at Fund Info or from your financial adviser or broker.  For actively managed ETFs, further information on the use of benchmarks or indices is set out in the Prospectus and relevant Supplement.

 

The distribution and the offering of ETFs in certain jurisdictions may be restricted by law. The information on this website does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. The information on this website is not for distribution to, or for the attention of, US or Canadian persons.

 

UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.

 

The information provided on this website does not constitute an offer of UCITS ETF in Switzerland pursuant to the Swiss Financial Services Act ("FinSA") and its implementing ordinance ("FinSO"), but the information on this website may be construed as an advertisement pursuant to the FinSA. The representative and paying agent for the sub-funds of PIMCO ETFs plc in Switzerland is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. The offering documents, articles of incorporation and annual and semi-annual reports may be obtained free of charge from the representative in Switzerland. The ETFs are domiciled in Ireland.

 

French language copies of the Sub-Fund's Prospectus, Key Investor Information Documents, articles of incorporation, latest annual and semi-annual Report & Accounts may be obtained from Fund Info


The information contained on this Website referred to the UCITS ETF Fund (the Sub-fund) of PIMCO Europe Ltd, a collective investment scheme duly registered with the Spanish Securities Market Commission (CNMV) under number 1360 (www.cnmv.es), where it may be consulted the updated list of the authorised distributors of the Company in Spain (the Spanish Distributors). The Spanish Distributors must provide to each investor, prior to subscribing the shares of the Sub-fund, a copy translated into Spanish of the simplified prospectus or KIID, when implemented, and the latest published economic report prior to subscribing shares. In addition, a copy of the report on the planned types of marketing in Spain must be provided using the form published on the CNMV website. The prospectus and the KIID (if applicable) and other legally required documents relating to the fund are available through the Spanish Distributors, in hard copy or by electronic means, and also available upon request by dialling +44 20 3640 1558, writing to iberia@pimco.com or consulting Fund Info where you may also obtain updated information on the net asset value of the relevant shares.


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