PIMCO Low Duration US Corporate Bond Source Ucits ETF USD Inc
ETF
ISIN IE00BP9F2H18 / Valor 25000875
NAV (2024-11-01)
USD 100.22-0.09%
PIMCO Low Duration US Corporate Bond Source Ucits ETF USD Inc
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General Objective
The PIMCO Low Duration US Corporate Bond UCITS ETF aims to generate maximum total return, consistent with prudent investment management, by investing primarily in a diversified portfolio of US dollar denominated investment grade corporate fixed income instruments. The portfolio duration may vary between 0-4 years, with the fund having the flexibility to invest up to 10% of assets in below-investment-grade securities.
Fund Exposure
The fund is characterized by its exposure to US dollar denominated investment grade corporate fixed income instruments, with sector allocations including top holdings in companies such as Renesas Electronics Corp, Qorvo Inc, and Baxter International Inc. The fund also has allocations to US Government Related, Securitized, Invest. Grade Credit, High Yield Credit, Non-USD Developed, and Emerging Markets.
Risks
The PIMCO Low Duration US Corporate Bond UCITS ETF is exposed to various risks including credit and default risk, currency risk, derivatives and counterparty risk, emerging markets risk, liquidity risk, interest rate risk, and mortgage related and other asset backed securities risks. These risks could lead to potential losses in the value of the fund's investments.