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PIMCO Enhanced Low Duration Active Exchange-Traded Fund



NAV
$100.92
1 Day Return
$0.01  |   0.01%

As of 5/23/2017

Market Price
$101.00
1 Day Return
$0.00  |   --

As of 5/22/2017

Fund Description

The PIMCO Enhanced Low Duration Active 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. The fund offers a conservative core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market. The average portfolio duration normally is between 1 and 3 years.

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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. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2015. 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 21 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 L. Braun

David L. Braun
Mr. Braun is an executive vice president in the New York office and head of the U.S. financial institutions portfolio management team. He oversees management of fixed income investment portfolios for both affiliated and non-affiliated bank and insurance clients. Prior to joining PIMCO in 2009, he was a derivatives portfolio manager and chief risk officer at Hartford Investment Management Co., a division of The Hartford. Mr. Braun has over 21 years of investment, actuarial and risk management 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.

Hozef Arif

Hozef Arif
Mr. Arif is an executive vice president and portfolio manager in the Newport Beach office, focusing on high yield and crossover corporate credit. Prior to joining PIMCO in 2008, he was a leveraged finance investment banker at Credit Suisse in Los Angeles. He has 11 years of investment experience and holds an MBA from the University of Chicago Graduate School of Business. He also has a master's degree in petroleum engineering from Stanford University and an undergraduate degree from the Indian Institute of Technology, Mumbai.

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Fund Information

As of 5/22/2017

Ticker LDUR
CUSIP 72201R718
Inception Date 1/22/2014
Shares Outstanding 880,000
Total Net Assets $88,801,694.73
Daily Trading Volume
(in shares)
6,957
Premium/Discount Average
(since inception)
0.08%
Premium/Discount as
of market close
0.09%
Closing Price 101.15

As of 5/22/2017 8:00PM EST

Yield Information

Estimated Yield to Maturity 2.17%
SEC 30-Day Yield 1.99%

As of 5/22/2017

Unsubsidized SEC 30-Day Yield 1.94%

As of 4/30/2017

Distribution Yield 1.30%

As of 4/30/2017

Portfolio Information

Number of Holdings 228
Effective Maturity 2.47 Years
Effective Duration 1.31 Years

As of 5/22/2017

Tracking Error 1.31%

Since Inception as of 4/30/2017

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 1.30%

As of 4/30/2017

As of 5/23/2017

Dividends and Distributions

Full distribution history

As of 5/22/2017

Top 10 Exposures**

IRS USD R 3ML/1ML+12.5 06/21/19-20 CME 57.43%
U S TREASURY NOTE 33.01%
IRS USD R 3ML/1ML+9.5 05/21/18-22 CME 29.39%
U S TREASURY NOTE 9.05%
U S TREASURY NOTE 8.16%
U S CORP REV REPO -3.08%
IRS USD 1.50000 06/21/17-10Y CME -8.63%
CDX IG26 5Y -10.93%
FIN FUT US 5YR CBT 06/30/17 -19.78%
U S TREASURY REV REPO -33.14%

As of 3/31/2017

Quarterly Trading Characteristics

Average Volume
In Shares 8,938
In $ $897,464.40
Bid/Ask Spread
In % 0.24%
In $ $0.24
Fund Tickers
NAV Per Share LDUR.NV
Und. Trading Value LDUR.IV
Shares Outstanding LDUR.SO
Est. Cash LDUR.EU
Total Cash LDUR.TC