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PIMCO Enhanced Low Duration Active Exchange-Traded Fund

Active ETF
LDUR
Payout Change
Pending
Price as of:
$94.23 +0.04 +0.04%
primary theme
U.S. Short-Term Bond Duration
LDUR (ETF)

PIMCO Enhanced Low Duration Active Exchange-Traded Fund

Payout Change
Pending
Price as of:
$94.23 +0.04 +0.04%
primary theme
U.S. Short-Term Bond Duration
LDUR (ETF)

PIMCO Enhanced Low Duration Active Exchange-Traded Fund

Payout Change
Pending
Price as of:
$94.23 +0.04 +0.04%
primary theme
U.S. Short-Term Bond Duration

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 Low Duration Active Exchange-Traded Fund

LDUR | Active ETF

$94.23

$902 M

4.59%

$4.32

0.51%

Vitals

YTD Return

0.6%

1 yr return

4.2%

3 Yr Avg Return

0.1%

5 Yr Avg Return

1.5%

Net Assets

$902 M

Holdings in Top 10

41.7%

52 WEEK LOW AND HIGH

$94.2
$93.22
$95.39

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 73.00%

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 Low Duration Active Exchange-Traded Fund

LDUR | Active ETF

$94.23

$902 M

4.59%

$4.32

0.51%

LDUR - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.13%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO Enhanced Low Duration Active Exchange-Traded Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Jan 22, 2014
  • Shares Outstanding
    14400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jerome Schneider

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 or derivatives such as options, futures contracts, or swap agreements. “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 normally varies from one to three years based on PIMCO’s market forecasts. 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 Fund will seek to maintain a fairly consistent level of dividend income, subject to market conditions, by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies.The Fund generally seeks to manage capital gain distributions by, among other things, limiting portfolio turnover and attempting to use losses from sales of securities that have declined in price to offset gains that would otherwise be taxable. However, such strategy may be unsuccessful or only partially successful and the Fund may realize taxable gains. For example, the Fund may realize taxable gains in order to satisfy cash redemption requests or when PIMCO believes the benefits of a transaction resulting in the realization of taxable gains outweigh tax considerations.In pursuing the Fund’s investment objective, PIMCO may emphasize investment strategies that are more strategic, or long-term in nature, with less emphasis on short-term, tactical trading strategies. In addition, PIMCO will utilize a bottom up approach to seek to identify asset classes and securities that are undervalued, and the Fund’s investment program may involve a longer investment horizon designed to minimize trading volume and distinct investment strategies as compared with other PIMCO-advised funds with names, investment objectives and policies similar to the Fund. As a result, investments made by the Fund and the results achieved by the Fund at any given time are not expected to be the same as or similar to those made by such other PIMCO-advised funds.The Fund invests primarily in investment grade debt securities, but may invest up to 15% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. 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 will normally limit its foreign currency exposure (such as from non-U.S. dollar-denominated currencies) to 5% of its total assets. The Fund may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries.The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information.The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. 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). The “total return” sought by the Fund consists of income earned on the Fund’s investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular sector or security.
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LDUR - Performance

Return Ranking - Trailing

Period LDUR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 10.9% 36.59%
1 Yr 4.2% -2.8% 23.8% 38.66%
3 Yr 0.1%* -6.8% 4.0% 47.11%
5 Yr 1.5%* -4.4% 4.3% 45.92%
10 Yr 2.4%* -19.2% 169.6% 4.60%

* Annualized

Return Ranking - Calendar

Period LDUR Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% -5.4% 7.6% 96.55%
2022 -6.3% -17.7% -2.6% 30.74%
2021 -1.4% -4.0% 4.4% 35.37%
2020 2.3% -8.3% 7.6% 36.20%
2019 1.1% -2.3% 9.3% 92.73%

Total Return Ranking - Trailing

Period LDUR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 10.9% 36.59%
1 Yr 4.2% -2.8% 23.8% 38.66%
3 Yr 0.1%* -6.8% 4.0% 47.11%
5 Yr 1.5%* -4.4% 4.3% 45.92%
10 Yr 2.4%* -19.2% 169.6% 4.60%

* Annualized

Total Return Ranking - Calendar

Period LDUR Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -1.1% 15.2% 79.09%
2022 -4.2% -17.3% -1.3% 33.52%
2021 -0.5% -2.7% 7.7% 68.83%
2020 4.5% -4.4% 14.5% 40.51%
2019 4.3% 0.6% 12.6% 65.45%

LDUR - Holdings

Concentration Analysis

LDUR Category Low Category High LDUR % Rank
Net Assets 902 M 14.5 K 57.3 B 54.14%
Number of Holdings 472 2 9251 44.42%
Net Assets in Top 10 401 M 1.16 M 6.6 B 39.03%
Weighting of Top 10 41.66% 1.8% 108.7% 17.27%

Top 10 Holdings

  1. US TREASURY N/B 08/25 5 23.89%
  2. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 6.61%
  3. FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 2.46%
  4. FREDDIE MAC NOTES 05/25 5.52 1.63%
  5. AT+T INC 1.47%
  6. UBS GROUP AG SR UNSECURED 144A 05/26 VAR 1.23%
  7. GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H12 FA 1.18%
  8. CHARTER COMM OPT LLC/CAP SR SECURED 02/24 VAR 1.09%
  9. HSBC HOLDINGS PLC SR UNSECURED 03/25 VAR 1.05%
  10. WELLS FARGO + COMPANY SR UNSECURED 10/25 VAR 1.05%

Asset Allocation

Weighting Return Low Return High LDUR % Rank
Bonds 		92.94% 0.00% 130.68% 37.05%
Other 		14.99% -0.97% 72.36% 26.44%
Convertible Bonds 		6.52% 0.00% 27.71% 5.77%
Stocks 		0.00% 0.00% 103.64% 99.28%
Preferred Stocks 		0.00% 0.00% 22.27% 99.28%
Cash 		0.00% -20.59% 62.18% 99.82%

Bond Sector Breakdown

Weighting Return Low Return High LDUR % Rank
Government 		55.18% 0.00% 73.63% 7.21%
Corporate 		25.60% 0.00% 100.00% 75.32%
Securitized 		11.65% 0.00% 97.27% 84.68%
Municipal 		0.02% 0.00% 17.46% 52.43%
Cash & Equivalents 		0.00% 0.00% 62.18% 100.00%
Derivative 		-0.13% -0.55% 28.01% 93.88%

Bond Geographic Breakdown

Weighting Return Low Return High LDUR % Rank
US 		92.94% 0.00% 130.68% 33.63%
Non US 		0.00% 0.00% 83.16% 99.28%

LDUR - Expenses

Operational Fees

LDUR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.01% 3.24% 68.42%
Management Fee 0.46% 0.00% 1.19% 83.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

LDUR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

LDUR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

LDUR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 2.00% 500.00% 48.97%

LDUR - Distributions

Dividend Yield Analysis

LDUR Category Low Category High LDUR % Rank
Dividend Yield 4.59% 0.00% 10.70% 16.55%

Dividend Distribution Analysis

LDUR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LDUR Category Low Category High LDUR % Rank
Net Income Ratio 1.13% -1.27% 4.98% 52.76%

Capital Gain Distribution Analysis

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

Distributions History

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LDUR - Fund Manager Analysis

Managers

Jerome Schneider

Start Date

Tenure

Tenure Rank

Jan 29, 2014

8.34

8.3%

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.

David Braun

Start Date

Tenure

Tenure Rank

May 08, 2017

5.07

5.1%

Mr. Braun is a managing director and generalist portfolio manager in the New York office. Mr. Braun joined PIMCO in 2009 and is head of the U.S. financial institutions group (FIG) and stable value portfolio management teams. He is also a senior member of both the liability-driven investment and the U.S. core portfolio management teams. He oversees management of fixed income investment portfolios for institutional and retail clients. Mr. Braun has 25 years of investment, risk management (including chief risk officer of a large investment company) and actuarial experience. He holds an undergraduate degree in mathematics from the University of Connecticut. He is also a Fellow of the Society of Actuaries and a certified Financial Risk Manager.

Sonali Pier

Start Date

Tenure

Tenure Rank

Jul 26, 2019

2.85

2.9%

Ms. Pier is an executive vice president and portfolio manager in the Newport Beach office, focusing on multi-sector credit opportunities. She contributes to the Diversified Income and Global Credit Opportunities Funds, and she has served as a rotating member on the firm's Investment Committee and Americas Portfolio Committee. Prior to joining PIMCO in 2013, she was a senior credit trader at J.P. Morgan, trading cash, recovery and credit default swaps across various sectors. She holds an undergraduate degree in economics from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.13 2.41

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