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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund

EMNT | Active ETF

$98.41

$176 M

4.88%

$4.80

0.36%

Vitals

YTD Return

1.8%

1 yr return

6.0%

3 Yr Avg Return

2.3%

5 Yr Avg Return

N/A

Net Assets

$176 M

Holdings in Top 10

19.6%

52 WEEK LOW AND HIGH

$98.4
$97.42
$98.61

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 120.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund

EMNT | Active ETF

$98.41

$176 M

4.88%

$4.80

0.36%

EMNT - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Dec 10, 2019
  • Shares Outstanding
    1820000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Wittkop

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this Fund will vary based on PIMCO’s market forecasts and will normally not exceed one year. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The dollar-weighted average portfolio maturity of the Fund is normally not expected to exceed three years.The Fund may avoid investment in the securities of issuers whose business practices with respect to the environment, social responsibility, and governance (“ESG practices”) do not meet criteria determined by PIMCO. In determining the efficacy of an issuer’s ESG practices, PIMCO will use its own proprietary assessments of material ESG issues and may also reference standards as set forth by recognized global organizations such as entities sponsored by the United Nations,among others, and augment its assessments based on engagements with issuers regardingtheir ESG practices that have the potential to enhance risk-adjusted returns. PIMCO’s activities in this respect may include, but are not limited to, direct dialogue with company management, such as through in-person meetings, phone calls, electronic communications, and letters. The Fund may invest in securities of issuers whose ESG practices are weaker relative to certain peers or industry benchmarks, with the expectation that these practices may improve over time. It may also exclude those issuers that are not receptive to PIMCO’s engagement efforts, as determined in PIMCO’s sole discretion.The Fund will not invest in the securities of any non-governmental issuer determined by PIMCO to be engaged principally in the (1) manufacture of alcoholic beverages, tobacco products or military equipment, (2)operation of gambling casinos, (3)production or distribution of adult entertainment materials, (4)oil industry, including extraction, production, and refining or (5) production, distribution of coal and coal fired generation. Notwithstanding the restrictions set forth above, the Fund can invest in the securities of any issuer determined by PIMCO to be engaged principally in biofuel production, natural gas generation and sales and trading activities. The Fund may also invest in labeled green, sustainability, social and sustainability-linked bonds from issuers involved in fossil fuel-related sectors. Labeled bonds are those issues with proceeds specifically earmarked to be used for climate (often referred to as “green bonds”), environmental sustainability and/or social projects and, in the case of sustainability-linked bonds, bonds that include sustainability-linked covenants, as explained by the issuer through use of a framework and/or legal documentation. Labeled bonds are often verified by a third party, which certifies that the bond will or has been used to fund projects that include eligible benefits or, in the case of a sustainability-linked bond, that the bond includes sustainability-linked covenants. To the extent possible on the basis of information available to PIMCO, an issuer will be deemed to be principally engaged in an activity if it derives more than 10% of its gross revenues from such activities (or such more restrictive threshold or exclusionary screen (i.e., a lower gross revenue threshold), as may be determined by PIMCO from time to time).In analyzing whether an issuer meets any of the criteria described above, PIMCO may rely upon, among other things, information provided by an independent third party.The Fund primarily invests in U.S. dollar-denominated investment grade debt securities, rated Baa or higher by Moody’s Investors Service, Inc. (“Moody’s”), or equivalently rated by Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, determined by PIMCO to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest, without limitation, in U.S. dollar-denominated securities and instruments of foreign issuers. The Fund may invest up to 10% of its total assets in securities denominated in foreign currencies. The Fund seeks to eliminate foreign (non-U.S.) currency exposure (from non-U.S. dollar-denominated securities or currencies) through hedging techniques, although the Fund may have limited amounts of foreign (non-U.S.) currency exposure due to the difficulty in perfectly hedging such exposures.The Fund may invest, without limitation, in futures contracts, subject to applicable law and any other restrictions described in the Fund's prospectus or Statement of Additional Information. The Fund may invest in mortgage or asset-backed securities (issuers of which will not be treated as subject to the non-governmental issuer screens described herein), including to-be-announced transactions which may include exposure to issuers that the Fund is not permitted to invest in directly. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls).
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EMNT - Performance

Return Ranking - Trailing

Period EMNT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -1.4% 2.7% 40.09%
1 Yr 6.0% -0.4% 11.3% 34.72%
3 Yr 2.3%* -2.1% 5.8% 51.94%
5 Yr N/A* -1.0% 3.9% 21.83%
10 Yr N/A* -4.5% 27.5% 17.89%

* Annualized

Return Ranking - Calendar

Period EMNT Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -2.3% 4.3% 54.84%
2022 -3.3% -6.5% 0.5% 77.62%
2021 -0.5% -2.1% 0.3% 64.71%
2020 0.6% -3.1% 1.8% 26.15%
2019 N/A -1.2% 6.1% N/A

Total Return Ranking - Trailing

Period EMNT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -1.4% 2.7% 40.09%
1 Yr 6.0% -0.4% 11.3% 34.72%
3 Yr 2.3%* -2.1% 5.8% 51.94%
5 Yr N/A* -1.0% 3.9% N/A
10 Yr N/A* -4.5% 27.5% N/A

* Annualized

Total Return Ranking - Calendar

Period EMNT Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% 0.8% 12.1% 47.47%
2022 -0.6% -5.1% 2.5% 63.81%
2021 0.2% -2.1% 14.5% 39.71%
2020 2.1% -1.0% 3.6% 28.21%
2019 N/A 0.3% 9.6% N/A

EMNT - Holdings

Concentration Analysis

EMNT Category Low Category High EMNT % Rank
Net Assets 176 M 25.6 K 22.6 B 80.54%
Number of Holdings 181 2 1291 72.40%
Net Assets in Top 10 33.5 M 32.5 K 18.4 B 82.35%
Weighting of Top 10 19.64% 5.6% 163.3% 52.94%

Top 10 Holdings

  1. DEUTSCHE BANK REPO REPO 8.86%
  2. SUMITOMO MITSUI FINL GRP SR UNSECURED 01/24 0.508 1.76%
  3. GOLDMAN SACHS GROUP INC SR UNSECURED 10/24 VAR 1.41%
  4. GENERAL MILLS INC SR UNSECURED 02/24 3.65 1.17%
  5. JDE PEET S NV COMPANY GUAR 144A 09/24 0.8 1.13%
  6. HCA INC COMPANY GUAR 03/24 5 1.11%
  7. KEURIG DR PEPPER INC COMPANY GUAR 03/24 0.75 1.10%
  8. GLOBAL PMTS INC 1.05%
  9. COX COMMUNICATIONS INC SR UNSECURED 144A 08/24 3.15 1.05%
  10. NXP BV/NXP FUNDING LLC COMPANY GUAR 03/24 4.875 1.00%

Asset Allocation

Weighting Return Low Return High EMNT % Rank
Bonds 		80.78% 0.00% 128.16% 52.49%
Other 		18.66% -29.59% 99.92% 20.81%
Convertible Bonds 		5.18% 0.00% 15.25% 26.82%
Cash 		0.55% 0.00% 109.89% 90.95%
Stocks 		0.00% 0.00% 97.29% 51.13%
Preferred Stocks 		0.00% 0.00% 0.00% 40.27%

Bond Sector Breakdown

Weighting Return Low Return High EMNT % Rank
Corporate 		41.35% 0.00% 99.91% 45.45%
Securitized 		27.95% 0.00% 100.00% 46.82%
Government 		3.47% 0.00% 100.00% 38.64%
Municipal 		0.39% 0.00% 70.39% 26.82%
Cash & Equivalents 		0.00% 0.00% 109.89% 95.02%
Derivative 		-0.24% -29.59% 21.59% 85.07%

Bond Geographic Breakdown

Weighting Return Low Return High EMNT % Rank
US 		76.82% 0.00% 128.16% 53.85%
Non US 		3.97% 0.00% 22.24% 11.31%

EMNT - Expenses

Operational Fees

EMNT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.02% 28.11% 67.12%
Management Fee 0.36% 0.00% 1.19% 81.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

EMNT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

EMNT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMNT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.00% 0.00% 369.54% 90.32%

EMNT - Distributions

Dividend Yield Analysis

EMNT Category Low Category High EMNT % Rank
Dividend Yield 4.88% 0.00% 8.13% 38.01%

Dividend Distribution Analysis

EMNT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

EMNT Category Low Category High EMNT % Rank
Net Income Ratio 0.74% -1.30% 14.86% 26.29%

Capital Gain Distribution Analysis

EMNT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

EMNT - Fund Manager Analysis

Managers

Andrew Wittkop

Start Date

Tenure

Tenure Rank

Dec 10, 2019

2.47

2.5%

Mr. Wittkop is an executive vice president and portfolio manager in the Newport Beach office, focusing on Treasury bonds, agencies and interest rate derivatives. He previously worked on the real return desk. Prior to that, he was a portfolio analyst with the global portfolio management team and a product manager for absolute return strategies. He holds an MBA from Stern School of Business at New York University and an undergraduate degree from the University of California, Los Angeles.

Jelle Brons

Start Date

Tenure

Tenure Rank

Dec 10, 2019

2.47

2.5%

Mr. Brons is a portfolio manager on the global corporate bond team. Prior to joining PIMCO in 2005, Mr. Brons worked at UBS Investment Bank in the credit fixed income department, initially in credit sales and then with the team responsible for CreditDelta, a credit market and portfolio analysis tool. He has investment experience since 2002 and holds a master's degree in actuarial science and econometrics from the University of Amsterdam and a master's degree in financial engineering and quantitative analysis from the ICMA Business School at the University of Reading. He is a Certified Financial Risk Manager (FRM).

Nathan Chiaverini

Start Date

Tenure

Tenure Rank

Dec 10, 2019

2.47

2.5%

Senior Vice President, PIMCO. Mr. Chiaverini is a portfolio manager on the short-term desk. Prior to joining PIMCO in 2012, he was a vice president and portfolio manager at BlackRock. Prior to this, he held trading and strategy research positions within interest rate derivatives and mortgage-backed securities at Barclays Capital. He has investment experience since 2004 and holds a bachelor's degree in economics and history from the University of Colorado and an MBA in analytic finance and economics from the University of Chicago Booth School o

Jerome Schneider

Start Date

Tenure

Tenure Rank

Dec 10, 2019

2.47

2.5%

Managing Director, PIMCO. Mr. Schneider joined PIMCO in 2008. Prior to joining PIMCO, he served as Senior Managing Director with Bear Stearns, specializing in credit and mortgage-related funding transactions. Mr. Schneider joined Bear Stearns in 1995. He has 24 years of investment experience and holds an undergraduate degree in economics and international relations from the University of Pennsylvania and an MBA from the Stern School of Business at New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 0.13

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