PJS1

Euro Short Maturity UCITS ETF
Cash Management
category / asset class
1.71%
est. yield to maturity
As of 2022-08-05
€97.33
DAILY NAV
As of 2022-08-05
-1.81%
ytd return
As of 2022-08-05

why invest in this fund

Fund Specific Risks

Counter 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.

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.

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.

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.

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.

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).

Mortgage Related and Other Asset Backed Securities Risks

Mortgage or asset backed securities are subject to similar risks as other fixed income securities, and may also be subject to prepayment risk and higher levels of credit and liquidity risk.

Portfolio Information

0.70 Years
Effective Maturity
As of 2022-08-05
0.66 Years
Effective Duration
As of 2022-08-05
1.71%
est. yield to maturity
As of 2022-08-05
A+
average quality
As of 2022-08-05

Fund Facts

FUND DESCRIPTION

The PIMCO Euro Short Maturity UCITS ETF aims to generate income while preserving and growing capital. The Fund will invest primarily in a portfolio of EUR-denominated fixed income instruments. Portfolio duration may vary between 0-1 years.

DAILY NAV PRICE
€97.33
As of 2022-08-05

Price - Past performance does not predict future returns

Trading Information


Trading Currency
EUR


Exchange Ticker
PJS1

Settlement Period
T+2

Bloomberg ticker
PJS1 GY

Trading Information


Trading Currency
EUR


Exchange Ticker
PJS1

Settlement Period
T+2

Bloomber ticker
PJS1 IM

Trading Information


Trading Currency
EUR


Exchange Ticker
PJS1

Settlement Period
T+2

Bloomberg ticker
PJS1 SW

BENCHMARK INFORMATION

Euro Short-Term Rate (ESTER)

ESTER reflects the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area. ESTER is published on any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system (or any successor settlement system) is open for the settlement of payments in Euro. ESTER is based on transactions conducted and settled on the previous business day (the reporting date “T”) with a maturity date of T+1 which are deemed to have been executed at arm’s length and thus reflect market rates in an unbiased way.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker ESTRON

The fund intends to measure its performance against the European Short Term Rate (the “Benchmark”). The fund is considered to be actively managed in reference to the Benchmark by virtue of the fact that it uses the Benchmark for performance comparison purposes. However the Benchmark is not used to define the portfolio composition of the fund or as a performance target. 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 2022-08-05

General

ISIN IE00B5ZR2157
AUM €2,983,131,722.73
Benchmark BBG Ticker ESTRON
Number of Holdings 409
Base Currency EUR
Launch Date 11 January 2011
Shares Outstanding 16,376,318
UK Reporting Status Yes
Registered for Distribution in Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Exchanges Deutsche Börse Xetra, Borsa Italiana, SIX Swiss Exchange
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 2022-08-04

Top Ten Exposure table

Name Coupon Weight (%)
FRENCH DISCOUNT T-BILL 0.00 2.56
JAPAN TREASURY DISC BILL #1093 0.00 1.90
REPO -0.14 1.87
JAPAN TREASURY DISC BILL #1090 0.00 1.87
EUROPEAN UNION BILL 0.00 1.68
JAPAN TREASURY DISC BILL #1081 0.00 1.60
JAPAN TREASURY DISC BILL #1094 0.00 1.48
ESM TBILL 0.00 1.23
WELLS FARGO & COMPANY SR UNSEC 1.34 1.05
GOLDMAN SACHS GROUP INC SR UNSEC 1.24 1.04

Fund Managers

fund manager Konstantin Veit
Konstantin Veit
Portfolio Manager, European Rates
fund manager Michael Surowiecki
Michael Surowiecki
As of 2022-08-05

Fees and Expenses

Name Value
Management Fee 0.35%

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

1.71%
est. yield to maturity
As of 2022-08-05
1.21%
Current Yield
As of 2022-08-05
0.23%
distribution yield
As of 2017-07-31
Past performance does not predict future returns

Recent Distributions

As of 2022-08-05
Ex-Date
2022-07-21
Record Date
2022-07-14
Distribution Per Shares
0.0126
Currency
EUR

Dividends

As of 2022-08-05
Distribution Date Dist. NAV (€) Dividend Income (€) Dist. Total (€)
2022-07-21 97.11 0.012556 0.012556
2022-06-16 97.15 0.000000 0.000000
2022-05-19 97.69 0.000000 0.000000
2022-04-21 97.93 0.000000 0.000000
2022-03-17 98.16 0.000000 0.000000
2022-02-17 98.68 0.000000 0.000000
2022-01-20 99.03 0.000000 0.000000
2021-12-16 99.21 0.000000 0.000000
2021-11-18 99.26 0.000000 0.000000
2021-10-21 99.28 0.000000 0.000000
2021-09-16 99.46 0.000000 0.000000
2021-08-19 99.51 0.000000 0.000000
2021-07-15 99.53 0.000000 0.000000
2021-06-17 99.54 0.000000 0.000000
2021-05-20 99.54 0.000000 0.000000
2021-04-15 99.60 0.000000 0.000000
2021-03-18 99.61 0.000000 0.000000
2021-02-18 99.68 0.000000 0.000000
2021-01-21 99.70 0.000000 0.000000
2020-12-17 99.74 0.000000 0.000000
2020-11-19 99.75 0.000000 0.000000
2020-10-15 99.75 0.000000 0.000000
2020-09-17 99.75 0.000000 0.000000
2020-08-20 99.76 0.000000 0.000000
2020-07-16 99.67 0.000000 0.000000
2020-06-18 99.58 0.000000 0.000000
2020-05-14 99.17 0.000000 0.000000
2020-04-16 99.02 0.000000 0.000000
2020-03-19 98.75 0.000000 0.000000
2020-02-13 99.99 0.000000 0.000000
2020-01-16 99.98 0.000000 0.000000
2019-12-19 100.01 0.000000 0.000000
2019-11-15 100.03 0.000000 0.000000
2019-10-17 100.08 0.000000 0.000000
2019-09-19 100.12 0.000000 0.000000
2019-08-15 100.20 0.000000 0.000000
2019-07-18 100.22 0.000000 0.000000
2019-06-13 100.21 0.000000 0.000000
2019-05-16 100.23 0.000000 0.000000
2019-04-18 100.26 0.000000 0.000000
2019-03-14 100.23 0.000000 0.000000
2019-02-14 100.14 0.000000 0.000000
2019-01-17 100.06 0.000000 0.000000
2018-12-20 100.03 0.000000 0.000000
2018-11-15 100.30 0.000000 0.000000
2018-10-18 100.38 0.000000 0.000000
2018-09-13 100.60 0.000000 0.000000
2018-08-16 100.53 0.000000 0.000000
2018-07-19 100.73 0.000000 0.000000
2018-06-14 100.73 0.000000 0.000000
2018-05-17 101.14 0.000000 0.000000
2018-04-19 101.25 0.000000 0.000000
2018-03-15 101.28 0.000000 0.000000
2018-02-15 101.31 0.000000 0.000000
2018-01-18 101.39 0.000000 0.000000
2017-12-14 101.53 0.000000 0.000000
2017-11-16 101.52 0.000000 0.000000
2017-10-19 101.53 0.000000 0.000000
2017-09-14 101.55 0.000000 0.000000
2017-08-17 101.58 0.000000 0.000000
2017-07-20 101.59 0.022014 0.022014
2017-06-15 101.66 0.000821 0.000821
2017-05-18 101.68 0.000000 0.000000
2017-04-13 101.73 0.000000 0.000000
2016-10-20 101.81 0.024657 0.024657
2016-08-18 101.86 0.007757 0.007757
2016-07-14 101.84 0.002537 0.002537
2016-02-18 101.65 0.018892 0.018892
2015-11-19 101.70 0.001655 0.001655
2015-09-17 101.69 0.020744 0.020744
2015-08-20 101.77 0.009012 0.009012
2015-07-16 101.69 0.010949 0.010949
2015-06-18 101.68 0.029161 0.029161
2015-05-14 101.96 0.018792 0.018792
2015-04-16 101.97 0.014579 0.014579
2015-03-19 101.94 0.020937 0.020937
2015-02-19 101.88 0.035619 0.035619
2015-01-15 101.70 0.031876 0.031876
2014-12-18 101.60 0.032038 0.032038
2014-11-20 101.83 0.048196 0.048196
2014-10-16 101.81 0.038932 0.038932
2014-09-17 102.00 0.041222 0.041222
2014-08-20 101.90 0.045033 0.045033
2014-07-16 101.84 0.038416 0.038416
2014-06-18 101.83 0.051650 0.051650
2014-05-14 101.75 0.048581 0.048581
2014-04-16 101.65 0.042982 0.042982
2014-03-19 101.54 0.043971 0.043971
2014-02-19 101.52 0.029011 0.029011
2014-01-15 101.41 0.042344 0.042344
2013-12-18 101.34 0.033029 0.033029
2013-11-20 101.41 0.035718 0.035718
2013-10-16 101.28 0.018871 0.018871
2013-09-18 101.24 0.015122 0.015122
2013-08-14 101.23 0.011231 0.011231
2013-07-17 101.19 0.009902 0.009902
2013-06-19 101.21 0.027510 0.027510
2013-05-15 101.37 0.021745 0.021745
2013-04-17 101.29 0.033320 0.033320
2013-03-20 101.19 0.037476 0.037476
2013-02-20 101.11 0.051617 0.051617
2013-01-16 101.17 0.040285 0.040285
2012-12-19 101.06 0.049575 0.049575
2012-11-14 100.98 0.060273 0.060273
2012-10-17 100.94 0.033889 0.033889
2012-09-19 100.81 0.057097 0.057097
2012-08-16 100.72 0.059966 0.059966
2012-07-18 100.56 0.082940 0.082940
2012-06-20 100.27 0.086084 0.086084
2012-05-16 100.21 0.091310 0.091310
2012-04-18 100.22 0.113003 0.113003
2012-03-14 100.16 0.096692 0.096692
2012-02-15 99.99 0.103967 0.103967
2012-01-18 99.57 0.122784 0.122784
2011-12-14 99.41 0.150497 0.150497
2011-11-16 99.52 0.123976 0.123976
2011-10-19 99.44 0.144906 0.144906
2011-09-14 99.54 0.107412 0.107412
2011-08-17 99.82 0.095001 0.095001
2011-07-20 99.80 0.158593 0.158593
2011-06-15 99.82 0.084737 0.084737
2011-05-18 99.81 0.107158 0.107158
2011-04-13 99.80 0.088604 0.088604
2011-03-16 99.80 0.077205 0.077205
2011-02-16 99.81 0.063557 0.063557

Discrete Performance

As of 2022-07-31
ANNUALIZED RETURNS
Annual Returns
Jul`12 - Jul`13 Jul`13 - Jul`14 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
Euro Short Maturity UCITS ETF 1.01 1.02 0.29 0.13 -0.18 -0.91 -0.47 -0.49 -0.18 -2.16
Euro Short-Term Rate (ESTER) 0.08 0.14 -0.05 -0.24 -0.36 -0.36 -0.37 -0.51 -0.57 -0.58
Performance - Fund vs Index 0.93 0.88 0.34 0.37 0.18 -0.55 -0.10 0.02 0.39 -1.58
As of 2022-06-30
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio
Government Related 22.08
Securitized 20.24
Invest. Grade Credit 49.63
High Yield Credit 0.34
Emerging Markets 2.52
Municipal/Other 0.00
Net Other Short Duration Instruments 5.18
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio
Government Related 12.31
Securitized 2.32
Invest. Grade Credit 82.37
High Yield Credit 0.20
Emerging Markets 2.32
Municipal/Other 0.00
Net Other Short Duration Instruments 0.48
As of 2022-06-30
Portfolio Composition - Maturity Distribution
Years % of Fund
0-1 74.00
1-3 26.00
3-5 0.00
5-10 0.00
10-20 0.00
20+ 0.00
Effective Maturity (yrs) 0.67
As of 2022-08-05
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 16.41
Below A1/P1 1.31
AAA 29.03
AA 2.61
A 19.93
BAA 30.31
BB 0.32
B 0.00
Below B 0.09

interest rate exposures

As of 2022-07-31
exposure FUND index
Effective Duration 0.70 0.00
Bull Market Duration 0.71 0.00
Bear Market Duration 0.71 0.00
Total Curve Duration 0.19 N/A

sector exposures

As of 2022-07-31
exposure FUND index
Mortgage Spread Duration 0.37 0.00
Corporate Spread Duration 0.70 0.00
Emerging Markets Spread Duration 0.11 0.00

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.

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