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PIMCO Low Duration Exchange-Traded Fund

NAV
$101.50
Change
$0.03  |   0.03%

As of 9/18/2014

Market Price
$101.47
Change
$0.12  |   0.11%

As of 9/18/2014

Fund Description

The PIMCO Low Duration Exchange-Traded Fund (Ticker: LDUR) is a diversified portfolio of high quality bonds that is actively managed in an effort to limit interest rate exposure while maximizing returns in a risk-controlled framework. LDUR invests in shorter-term, high quality bonds across the mortgage-backed, Treasury, corporate and international fixed income sectors. The average portfolio duration normally is between 1 and 3 years and the fund may not use options, futures or swaps. The fund offers a conservative core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market.

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Portfolio Management


Jerome M. Schneider

Jerome M. Schneider
Mr. Schneider is a managing director in the Newport Beach office and head of the short-term and funding desk. Prior to joining PIMCO in 2008, Mr. Schneider was a senior managing director with Bear Stearns. There he most recently specialized in credit and mortgage-related funding transactions and helped develop one of the first "repo" conduit financing companies. Additionally, during his tenure at Bear Stearns he held various positions on the municipal and fixed income derivatives trading desks. He has 19 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.

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Fund Information

Ticker LDUR
CUSIP 72201R718
Inception Date 1/22/2014
Shares Outstanding 1,430,000
Total Net Assets $145,138,236.08
Daily Trading Volume
(in shares)
687
Premium/Discount Average
(since inception)
0.08%
Premium/Discount as
of market close
-0.03%

As of 9/18/2014

Closing Price 101.51

As of 9/18/2014

Yield Information

Estimated Yield to Maturity 1.97%
SEC 30-Day Yield 1.11%

As of 9/18/2014

Distribution Yield 1.27%

As of 8/31/2014

Portfolio Information

Number of Holdings 233
Effective Maturity 1.83 Years
Effective Duration 1.78 Years

As of 9/18/2014

Full Performance & Risk

Index Information

Index
BofA Merrill Lynch 1-3 Year U.S. Treasury Index
Index Description

The BofA Merrill Lynch 1-3 Year U.S. Treasury Index is an unmanaged index comprised of U.S. Treasury securities, other than inflation-protection securities and STRIPS, with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than three years. It is not possible to invest directly in an unmanaged index.
Index Ticker G1O2
Inception Date 12/31/1975
Rebalancing Frequency Monthly
Annualized Volatility 1.33%

As of 8/31/2014

As of 9/18/2014

Dividends and Distributions

Full distribution history

As of 9/18/2014

Top 10 Holdings

U S TREASURY NOTE 21.34%
JAPAN FIN ORG MUNICIPAL 2.83%
U S TREASURY NOTE 2.13%
BK NEDERLANDSE GEMEENTEN UNSEC 144A 2.06%
GOLDMAN SACHS GROUP INC SR UNSEC FRN 1.74%
VERIZON COMMUNICATIONS SR UNSEC 1.70%
FORD MOTOR CREDIT CO LLC UNSEC 1.65%
LETRA TESOURO NACIONAL 1.60%
EXPORT-IMPORT BK KOREA SR UNSEC 144A 1.50%
KOREA NATIONAL OIL CORP SR UNSEC 1.43%

As of 6/30/2014

Quarterly Trading Characteristics

Average Volume
In Shares 1,087
In $ $109,924.92
Bid/Ask Spread
In % 0.69%
In $ $0.69
Fund Tickers
NAV Per Share LDUR.NV
Und. Trading Value LDUR.IV
Shares Outstanding LDUR.SO
Est. Cash LDUR.EU
Total Cash LDUR.TC