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PIMCO Low Duration Exchange-Traded Fund
Ticker Symbol: LDUR CUSIP: 72201R718 Exchange: NYSEA
Company's Online Profile
FUND DESCRIPTION: PIMCO Low Duration Exchange-Traded Fund is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the PIMCO ETF Trust, an open-end investment management company. FUND OBJECTIVE: The PIMCO Low Duration Exchange-Traded Fund seeks maximum total return, consistent with preservation of capital and prudent investment management. The Fund is an actively managed ETF and thus, does not seek to replicate the performance of a specific index, but rather uses an active investment strategy to meet its investment objective. Accordingly, the ETF’s investment adviser, PIMCO, has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. The advisor may use an Index as a benchmark. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing under normal circumstances at least 65% of its total 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 normally varies from one to three years based on PIMCO's forecast for interest rates. The Fund invests primarily in investment grade debt securities, but may invest up to 10% of its total assets in high yield securities (junk bonds) rated B or higher by Moody's Investors Service, Inc. or equivalently rated by Standard & Poor's or Fitch, Inc. or, if unrated, determined by PIMCO to be of comparable quality. The Fund may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% 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 in mortgage- or asset-backed securities with restrictions. 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 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. The Fund may also invest up to 10% of its total assets in preferred stock, convertible securities and other equity-related securities. FUND MANAGEMENT: PIMCO serves as the investment adviser for the Fund.
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IPO - 1/22/2014 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $28.1 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 840 Newport Center Drive, Suite 100, Newport Beach, CA 92660 |
| Main Phone Number |
949-720-6000 |
| Fax Number |
949-720-1376 |
| Investor Relations
Christoph Hofmann
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800-285-4086
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| Toll Free Phone Number |
888-746-2602 |
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