EMLI

Emerging Markets Advantage Local Bond Index UCITS ETF
Emerging Markets
category / asset class
7.08%
est. yield to maturity
As of 2022-08-11
$62.24
DAILY NAV
As of 2022-08-11
-7.86%
ytd return
As of 2022-08-11

EMLI

Emerging Markets Advantage Local Bond Index UCITS ETF

why invest in this fund

Attractive return potential and diversification benefits

Emerging local debt offers attractive yield levels which could enhance the return potential of investor portfolios. The asset class is a good diversifier for globally orientated investors.

tab 1 graph

Fund Specific Risks

Credit and Default Risk

A decline in the financial health of an issuer of a fixed income security can lead to an inability or unwillingness to repay a loan or meet a contractual obligation. This could cause the value of its bonds to fall or become worthless. Funds with high exposures to non-investment grade securities have a higher exposure to this risk.

Currency Risk

Changes in exchange rates may cause the value of investments to decrease or increase.

Derivatives and Counterparty Risk

The use of certain derivatives could result in the fund having a greater or more volatile exposure to the underlying assets and an increased exposure to counterparty risk. This may expose the fund to larger gains or losses associated with market movements or in relation to a trade counterparty being unable to meet its obligations.

Emerging Markets Risk

Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty and operational risk. Investments in these markets may expose the fund to larger gains or losses.

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 Risk

Difficult market conditions could result in certain securities becoming hard to sell at a desired time and price.

Interest Rate Risk

Changes in interest rates will usually result in the values of bond and other debt instruments moving in the opposite direction (e.g. a rise in interest rates likely leads to fall in bond prices).

China InterBank Bond Market ("CIBM")

The fund may be exposed to liquidity risks, settlement risks, default of counterparties and market volatility associated with CIBM. In addition, the CIBM rules are new and still subject to further clarification and/or changes, which may adversely affect the fund's capability to invest in the CIBM.

Index Tracking Risk

Fund performance can potentially deviate from the reference index due to market conditions, transaction costs and different replication techniques such as optimization & sampling.

Portfolio Information

7.90 Years
Effective Maturity
As of 2022-08-11
5.14 Years
Effective Duration
As of 2022-08-11
7.08%
est. yield to maturity
As of 2022-08-11
BAA
average quality
As of 2022-08-11

Fund Facts

FUND DESCRIPTION

The PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF aims to provide a return that closely corresponds, before fees and expenses, to the total return of the PIMCO Emerging Markets Advantage Local Currency Bond Index.

DAILY NAV PRICE
$62.24
As of 2022-08-11

Price - Past performance does not predict future returns

Trading Information


Trading Currency
USD


Exchange Ticker
EMLI

Settlement Period
T+2

Bloomberg ticker
EMLI LN

Trading Information


Trading Currency
USD


Exchange Ticker
EMLI

Settlement Period
T+2

Bloomberg ticker
EMLI SW

Trading Information


Trading Currency
EUR


Exchange Ticker
EMLI

Settlement Period
T+2

Bloomberg ticker
EMLI IM

BENCHMARK INFORMATION

PIMCO Emerging Markets Advantage Local Currency Bond Index

The PIMCO Emerging Markets Advantage Local Currency Bond Index tracks the performance of a GDP-weighted basket of emerging market local government bonds, currencies, or currency forwards, subject to a maximum exposure of 15% per country. Countries are selected, and their weights are determined, annually. Qualifying countries must have a minimum average sovereign rating of BB- (with such ratings provided by recognized rating agencies), represent greater than 0.3% of world GDP, designated as mid or low income based on Gross National Income per capita as published by the World Bank and have a liquid local bond or FX market. Countries whose internal or external borrowing is subject to EU or U.S. sanctions are not eligible for the Index. It is not possible to invest directly in an unmanaged index.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker EMAD

The fund is passively managed (i.e. tracks the PIMCO Emerging Markets Advantage Local Currency Bond Index (the "Index")). The fund is actively managed in reference to the above Benchmark as further outlined in the prospectus and key investor information document.

BENCHMARK INFORMATION
Data point name Data point value

Security Information

As of 2022-08-11

General

ISIN IE00BH3X8336
AUM $114,417,458.08
Benchmark BBG Ticker EMAD
Number of Holdings 144
Base Currency USD
Launch Date 23 January 2014
Shares Outstanding 1,044,236
UK Reporting Status Yes
Registered for Distribution in Belgium, 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 Monthly

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 PIMCO ETFs plc
Manager PIMCO Europe Ltd
Fund Administrator State Street Fund Services (Ireland) Limited
Depository State Street Custodial Services (Ireland) Limited
Authorized Participants Bluefin Europe LLP, Citigroup Global Market Limited, Credit Suisse Securities (Europe) Limited, DRW Europe B.V., Flow Traders B.V., Goldenberg Hehmeyer LLP, Goldman Sachs International, JP Morgan Securities Ltd., Jane Street Financial Limited, Morgan Stanley and Co. International plc, Nomura International plc, Old Mission Europe LLP, Unicredit Bank AG, Virtu Financial Ireland Limited

Top Ten Exposure

As of 2022-08-11

Top Ten Exposure table

Name Coupon Weight (%)
POLAND GOVERNMENT BOND 3.75 4.98
MEX BONOS DESARR FIX RT 5.00 4.72
INDONESIA GOVERNMENT 9.00 3.77
CASH MGMT BILL 0.00 3.74
NOTA DO TESOURO NACIONAL 10.00 3.65
COLOMBIA GOVT BOND 10.00 3.64
TITULOS DE TESORERIA B 6.25 3.39
MEX BONOS DESARR FIX RT BD M20 7.75 3.12
FED REPUBLIC OF BRAZIL 8.50 3.05
LETRA TESOURO NACIONAL 0.00 2.83

Fund Managers

fund manager Ismael Orenstein
Ismael Orenstein
Portfolio Manager, Emerging Markets
fund manager Michael Davidson
Michael Davidson
Portfolio Manager, Emerging Markets
fund manager Pramol Dhawan
Pramol Dhawan
Head of Emerging Markets Portfolio Management
As of 2022-08-11

Fees and Expenses

Name Value
Management Fee 0.60%

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

7.08%
est. yield to maturity
As of 2022-08-11
5.00%
Current Yield
As of 2022-08-11
5.94%
distribution yield
As of 2022-07-31
Past performance does not predict future returns

Recent Distributions

As of 2022-08-11
Ex-Date
2022-07-21
Record Date
2022-07-14
Distribution Per Shares
0.3325
Currency
USD

Dividends

As of 2022-08-11
Distribution Date Dist. NAV ($) Dividend Income ($) Dist. Total ($)
2022-07-21 58.33 0.332492 0.332492
2022-06-16 58.44 0.247504 0.247504
2022-05-19 59.71 0.300301 0.300301
2022-04-21 61.87 0.087251 0.087251
2022-03-17 61.68 0.332514 0.332514
2022-02-17 69.64 0.296893 0.296893
2022-01-20 69.43 0.344346 0.344346
2021-12-16 68.91 0.277184 0.277184
2021-11-18 69.59 0.199349 0.199349
2021-10-21 70.61 0.316255 0.316255
2021-09-16 72.89 0.251151 0.251151
2021-08-19 71.92 0.315026 0.315026
2021-07-15 73.05 0.269514 0.269514
2021-06-17 73.96 0.235570 0.235570
2021-05-20 73.64 0.311542 0.311542
2021-04-15 72.38 0.255343 0.255343
2021-03-18 72.97 0.221468 0.221468
2021-02-18 75.17 0.196445 0.196445
2021-01-21 76.10 0.282910 0.282910
2020-12-17 77.16 0.236619 0.236619
2020-11-19 74.56 0.264027 0.264027
2020-10-15 71.87 0.197984 0.197984
2020-09-17 73.47 0.195109 0.195109
2020-08-20 71.94 0.237370 0.237370
2020-07-16 72.45 0.219808 0.219808
2020-06-18 71.85 0.280866 0.280866
2020-05-14 68.32 0.202097 0.202097
2020-04-16 67.50 0.171010 0.171010
2020-03-19 65.26 0.296455 0.296455
2020-02-13 77.94 0.294758 0.294758
2020-01-16 78.57 0.231787 0.231787
2019-12-19 77.86 0.310153 0.310153
2019-11-15 76.94 0.267576 0.267576
2019-10-17 77.14 0.260707 0.260707
2019-09-19 76.64 0.351772 0.351772
2019-08-15 75.74 0.335819 0.335819
2019-07-18 77.85 0.381434 0.381434
2019-06-13 75.38 0.317287 0.317287
2019-05-16 73.57 0.352542 0.352542
2019-04-18 75.18 0.375443 0.375443
2019-03-14 75.14 0.362483 0.362483
2019-02-14 74.80 0.409303 0.409303
2019-01-17 74.68 0.382995 0.382995
2018-12-20 73.19 0.385289 0.385289
2018-11-15 72.52 0.390592 0.390592
2018-10-18 72.93 0.360548 0.360548
2018-09-13 71.02 0.306034 0.306034
2018-08-16 72.94 0.329512 0.329512
2018-07-19 75.61 0.416423 0.416423
2018-06-14 77.29 0.347831 0.347831
2018-05-17 79.02 0.277534 0.277534
2018-04-19 83.68 0.383328 0.383328
2018-03-15 84.35 0.335071 0.335071
2018-02-15 85.57 0.336819 0.336819
2018-01-18 85.01 0.404778 0.404778
2017-12-14 81.95 0.320978 0.320978
2017-11-16 81.32 0.308682 0.308682
2017-10-19 83.55 0.374810 0.374810
2017-09-14 85.30 0.306755 0.306755
2017-08-17 83.91 0.426813 0.426813
2017-07-20 84.01 0.487507 0.487507
2017-06-15 82.95 0.419675 0.419675
2017-05-18 80.85 0.500976 0.500976
2017-04-13 82.34 0.392179 0.392179
2017-03-16 81.70 0.419142 0.419142
2017-02-16 80.68 0.412202 0.412202
2017-01-19 77.92 0.419383 0.419383
2016-12-15 77.66 0.357687 0.357687
2016-11-17 78.51 0.273259 0.273259
2016-10-20 84.34 0.368303 0.368303
2016-09-15 83.17 0.361675 0.361675
2016-08-18 84.96 0.413514 0.413514
2016-07-14 84.46 0.298877 0.298877
2016-06-16 81.73 0.266027 0.266027
2016-05-19 80.29 0.513849 0.513849
2016-04-14 82.64 0.533282 0.533282
2016-03-17 80.92 0.605218 0.605218
2016-02-18 75.68 0.691202 0.691202
2016-01-14 74.41 0.553252 0.553252
2015-12-17 76.47 0.598307 0.598307
2015-11-19 80.20 0.528448 0.528448
2015-10-15 80.98 0.368444 0.368444
2015-09-17 78.04 0.478732 0.478732
2015-08-20 80.16 0.465160 0.465160
2015-07-16 86.81 0.490989 0.490989
2015-06-18 87.80 0.491313 0.491313
2015-05-14 90.38 0.354879 0.354879
2015-04-16 90.45 0.297892 0.297892
2015-03-19 85.83 0.387015 0.387015
2015-02-19 89.02 0.500706 0.500706
2015-01-15 90.21 0.416193 0.416193
2014-12-18 89.31 0.374025 0.374025
2014-11-20 96.81 0.425835 0.425835
2014-10-16 99.08 0.341704 0.341704
2014-09-17 101.89 0.311149 0.311149
2014-08-20 103.96 0.322686 0.322686
2014-07-16 105.91 0.338747 0.338747
2014-06-18 104.75 0.284516 0.284516
2014-05-14 104.98 0.131842 0.131842
2014-04-16 102.51 0.198435 0.198435
2014-03-19 100.60 0.222426 0.222426
2014-02-19 99.89 0.126517 0.126517

Discrete Performance

As of 2022-07-31
ANNUALIZED RETURNS
Annual Returns
Jul`14 - Jul`15 Jul`15 - Jul`16 Jul`16 - Jul`17 Jul`17 - Jul`18 Jul`18 - Jul`19 Jul`19 - Jul`20 Jul`20 - Jul`21 Jul`21 - Jul`22
Emerging Markets Advantage Local Bond Index UCITS ETF -14.97 6.98 6.77 -3.90 7.93 -2.47 4.77 -13.59
PIMCO Emerging Markets Advantage Local Currency Bond Index -15.07 6.96 7.92 -3.55 9.79 -1.50 5.19 -18.37
Performance - Fund vs Index 0.10 0.02 -1.15 -0.35 -1.86 -0.97 -0.42 4.78
As of 2022-07-29
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio PIMCO Emerging Markets Advantage Local Currency Bond Index Index ratio
Government Related 6.61 8.00
Securitized 0.00 0.00
Invest. Grade Credit 0.00 0.00
High Yield Credit 0.00 0.00
Emerging Markets 87.83 92.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments 5.55 0.00
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio PIMCO Emerging Markets Advantage Local Currency Bond Index Index ratio
Government Related 6.77 7.00
Securitized 0.00 0.00
Invest. Grade Credit 0.00 0.00
High Yield Credit 0.00 0.00
Emerging Markets 92.75 93.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments 0.47 0.00
As of 2022-07-29
Portfolio Composition - Maturity Distribution
Years % of Fund % of PIMCO Emerging Markets Advantage Local Currency Bond Index
0-1 10.00 3.00
1-3 23.00 27.00
3-5 20.00 20.00
5-10 22.00 28.00
10-20 14.00 11.00
20+ 11.00 12.00
Effective Maturity (yrs) 7.57 -
As of 2022-08-11
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 8.03
Below A1/P1 0.00
AAA 0.00
AA -0.62
A 28.15
BAA 35.91
BB 22.90
B 0.00
Below B 5.62

interest rate exposures

As of 2022-07-31
exposure FUND index
Effective Duration 4.94 5.37
Bull Market Duration 5.02 5.45
Bear Market Duration 4.87 5.28
Total Curve Duration -0.02 N/A

sector exposures

As of 2022-07-31
exposure FUND index
Mortgage Spread Duration 0.00 0.00
Corporate Spread Duration 0.00 0.00
Emerging Markets Spread Duration 5.02 5.48

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 returns 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.

 

A Prospectus is available for PIMCO ETFs plc (the Company) and Key Investor Information Documents (KIIDs) are available for each share class of each the sub-funds of the Company.

 

The Company’s Prospectus can be obtained from www.fundinfo.com and is available in English, French and German.

 

The KIIDs can be obtained from www.fundinfo.com and are available in one of the official languages of each of the EU Member States into which each sub-fund has been notified for marketing under the Directive 2009/65/EC (the UCITS Directive).

 

In addition, a summary of investor rights is available from hereThe summary is available in English.

 

The sub-funds of the Company are currently notified for marketing into a number of EU Member States under the UCITS Directive. [PIMCO Global Advisors (Ireland) Limited] can terminate such notifications for any share class and/or sub-fund of the Company at any time using the process contained in Article 93a of the UCITS Directive.

 

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.

 

Benchmark

Unless referenced in the prospectus and relevant key investor information document, a benchmark or index in this material is not used in the active management of the Fund, in particular for performance comparison purposes.

Where referenced in the prospectus and relevant key investor information document a benchmark may be used as part of the active management of the Fund including, but not limited to, for duration measurement, as a benchmark which the Fund seeks to outperform, performance comparison purposes and/or relative VaR measurement. Any reference to an index or benchmark in this material, and which is not referenced in the prospectus and relevant key investor information document, is purely for illustrative or informational purposes (such as to provide general financial information or market context) and is not for performance comparison purposes. Please contact your PIMCO representative for further details.

 

Correlation

As outlined under “Benchmark”, where referenced in the prospectus and relevant key investor information document, a benchmark may be used as part of the active management of the Fund. In such instances, certain of the Fund’s securities may be components of and may have similar weightings to the benchmark and the Fund may from time to time show a high degree of correlation with the performance of any such benchmark. However the benchmark is not used to define the portfolio composition of the Fund and the Fund may be wholly invested in securities which are not constituents of the benchmark.

 

Investors should note that a Fund may from time to time show a high degree of correlation with the performance of one or more financial indices not referenced in the prospectus and relevant key investor information document. Such correlation may be coincidental or may arise because any such financial index may be representative of the asset class, market sector or geographic location in which the Fund is invested or uses a similar investment methodology to that used in managing the Fund.


PIMCO Europe Ltd (Company No. 2604517) is authorised and regulated by the Financial Conduct Authority (12 Endeavour Square, London E20 1JN) in the UK. The services provided by PIMCO Europe Ltd are not available to retail investors, who should not rely on this communication but contact their financial adviser. PIMCO Europe GmbH (Company No. 192083, Seidlstr. 24-24a, 80335 Munich, Germany), PIMCO Europe GmbH Italian Branch (Company No. 10005170963), PIMCO Europe GmbH Irish Branch  (Company No. 909462), PIMCO Europe GmbH UK Branch (Company No. BR022803) and PIMCO Europe GmbH Spanish Branch (N.I.F. W2765338E) are authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) (Marie- Curie-Str. 24-28, 60439 Frankfurt am Main) in Germany in accordance with Section 15 of the German Securities Institution Act (WplG). The Italian Branch, Irish Branch, UK Branch and Spanish Branch are additionally supervised by: (1) Italian Branch: the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act; (2) Irish Branch: the Central Bank of Ireland in accordance with Regulation 43 of the European Union (Markets in Financial Instruments) Regulations 2017, as amended; (3) UK Branch: the Financial Conduct Authority; and (4) Spanish Branch: the Comisión Nacional del Mercado de Valores (CNMV) in accordance with obligations stipulated in articles 168 and  203  to 224, as well as obligations contained in Tile V, Section I of the Law on the Securities Market (LSM) and in articles 111, 114 and 117 of Royal Decree 217/2008, respectively. The services provided by PIMCO Europe GmbH are available only to professional clients as defined in Section 67 para. 2 German Securities Trading Act (WpHG). They are not available to individual investors, who should not rely on this communication. | PIMCO (Schweiz) GmbH (registered in Switzerland, Company No. CH-020.4.038.582-2). The services provided by PIMCO (Schweiz) GmbH are not available to retail investors, who should not rely on this communication but contact their financial adviser. © 2021, PIMCO.

PIMCO