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PJS1

Euro Short Maturity UCITS ETF

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Cash Management
category / asset class
4,10%
est. yield to maturity
As of 29/05/2023
€96,99
DAILY NAV
As of 29/05/2023
1,28%
ytd return
As of 26/05/2023

PJS1

Euro Short Maturity UCITS ETF

Fund Overview

why invest in this fund

  • Aims to provide capital preservation, liquidity and attractive returns

    The fund is designed to provide clients with capital preservation, liquidity and stronger return potential relative to traditional cash investments, in exchange for a modest increase in risk.

  • Lower potential volatility

    The fund aims to provide diversification and downside risk mitigation in volatile markets, with little exposure to interest rate risk.

  • Actively managed by a powerhouse

    The fund offers access to PIMCO’s veteran liquidity management team, as well as an extensive credit research process to source what are believed to be the most attractive securities.

Fund Specific Risks

Counter Risk

Other financial institutions provide services such as safekeeping of assets or as a counterparty to financial contracts such as derivatives. The fund is exposed to the risk of bankruptcy, or other type of default of transaction counterparties.

Credit and Default Risk

A decline in the financial health of an issuer of a fixed income security can lead to an inability or unwillingness to repay a loan or meet a contractual obligation. This could cause the value of its bonds to fall or become worthless. Funds with high exposures to non-investment grade securities have a higher exposure to this risk.

Derivatives and Counterparty Risk

The use of certain derivatives could result in the fund having a greater or more volatile exposure to the underlying assets and an increased exposure to counterparty risk. This may expose the fund to larger gains or losses associated with market movements or in relation to a trade counterparty being unable to meet its obligations.

Fixed Income Risk

There is a risk that the institution which issued the securities will fail, which would result in a loss of income to the fund. Fixed income values are likely to fall if interest rates rise.

Risk of Using Derivatives

In order to reach its investment objective, the fund may use swaps, including futures and forwards. Such derivatives may result in gains or losses that are greater than the original amount invested.

Interest Rate Risk

Changes in interest rates will usually result in the values of bond and other debt instruments moving in the opposite direction (e.g. a rise in interest rates likely leads to fall in bond prices).

Mortgage Related and Other Asset Backed Securities Risks

Mortgage or asset backed securities are subject to similar risks as other fixed income securities, and may also be subject to prepayment risk and higher levels of credit and liquidity risk.

Portfolio Information

0,64 Years
Effective Maturity
As of 26/05/2023
0,61 Years
Effective Duration
As of 26/05/2023
4,10%
est. yield to maturity
As of 29/05/2023
AA
average quality
As of 29/05/2023

Fund Facts

fund info image

FUND DESCRIPTION

The PIMCO Euro Short Maturity UCITS ETF aims to generate income while preserving and growing capital. The Fund will invest primarily in a portfolio of EUR-denominated fixed income instruments. Portfolio duration may vary between 0-1 years.

DAILY NAV PRICE
€96,99
As of 29/05/2023

Price - Past performance does not predict future returns

Benchmark: ESTR - Euro Short-Term Rate (ESTRON) from COB 30 November 2019 onwards. Previously EONIA – Euro OverNight Index Average Source: PIMCO

Trading Information

Trading Currency
EUR
Exchange Ticker
PJS1
Settlement Period
T+2
Bloomberg ticker
PJS1 GY

Trading Information

Trading Currency
EUR
Exchange Ticker
PJS1
Settlement Period
T+2
Bloomber ticker
PJS1 IM

Trading Information

Trading Currency
EUR
Exchange Ticker
PJS1
Settlement Period
T+2
Bloomberg ticker
PJS1 SW

BENCHMARK INFORMATION

Euro Short-Term Rate (ESTER)

ESTER reflects the wholesale Euro unsecured overnight borrowing costs of banks located in the Euro area. ESTER is published on any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system (or any successor settlement system) is open for the settlement of payments in Euro. ESTER is based on transactions conducted and settled on the previous business day (the reporting date T) with a maturity date of T+1 which are deemed to have been executed at arm's length and thus reflect market rates in an unbiased way.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker ESTRON

The fund intends to measure its performance against the European Short Term Rate (the “Benchmark”). The fund is considered to be actively managed in reference to the Benchmark by virtue of the fact that it uses the Benchmark for performance comparison purposes. However the Benchmark is not used to define the portfolio composition of the fund or as a performance target. The fund is actively managed in reference to the above Benchmark as further outlined in the prospectus and key investor information document.

BENCHMARK INFORMATION
Data point name Data point value

Security Information

As of 26/05/2023

General

ISIN IE00B5ZR2157
AUM €2.479.761.415,98
Benchmark BBG Ticker ESTRON
Number of Holdings 358
Base Currency EUR
Launch Date 11 January 2011
Shares Outstanding 13.638.719
UK Reporting Status Yes
Registered for Distribution in Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Exchanges Deutsche Börse Xetra, Borsa Italiana, SIX Swiss Exchange
UCITS Yes
Dividend Treatment Monthly

Structure

Legal Form UCITS
Replication Method Physical
Domicile Ireland
Financial Year End 31 March
Equity Ratio (Tax Information for German Investors) 0,00
Use of Income Distributed

Key Service Providers

Issuer PIMCO ETFs plc
Manager PIMCO Europe Ltd
Fund Administrator State Street Fund Services (Ireland) Limited
Depository State Street Custodial Services (Ireland) Limited
Authorized Participants Bluefin Europe LLP, Citigroup Global Market Limited, Credit Suisse Securities (Europe) Limited, DRW Europe B.V., Flow Traders B.V., Goldenberg Hehmeyer LLP, Goldman Sachs International, JP Morgan Securities Ltd., Jane Street Financial Limited, Morgan Stanley and Co. International plc, Nomura International plc, Old Mission Europe LLP, Unicredit Bank AG, Virtu Financial Ireland Limited

Top Ten Exposure

As of 25/05/2023

Top Ten Exposure table
Name Coupon Weight (%)
U S TREASURY INFLATE PROT BD 0,38 4,94
FRENCH DISCOUNT T-BILL 0,00 2,78
ESM TBILL 0,00 2,14
JAPAN TREASURY DISC BILL #1153 0,00 1,64
EUROPEAN UNION BILL 0,00 1,43
CAISSE CENT CREDIT IMMOB 0,00 1,42
ITALIAN BTP BILLS 0,00 1,20
JAPAN TREASURY DISC BILL #1151 0,00 1,07
VIRGIN MONEY UK PLC SR **FULL CALL** 0,38 1,05
FRENCH DISCOUNT T-BILL 0,00 1,00
See More

Fund Managers

fund manager Konstantin Veit
Konstantin Veit
Portfolio Manager, European Rates
View Profile
fund manager Michael Surowiecki
Michael Surowiecki
Portfolio Manager
View Profile
See More

Fees & Expenses

As of 26/05/2023

Fees and Expenses
Name Value
Management Fee 0,35%

Because the fund is an ETF, investors will typically only be able to buy or sell shares in the secondary market, on exchange. Authorized Participants who help in the creation or redemption of shares in the primary market, may face “create” or “redeem” fees (aka “entry” or “exit” fees) on the cash portion of the transaction (up to a maximum of 3.00%). These create and redeem fees are not applicable to secondary market investors. However, secondary market investors may incur brokerage and/or transaction fees in connection with their dealings. Secondary market investors may also bear the costs of bid-ask spreads; meaning the difference between the prices at which shares can be bought and sold.

Yields & Distributions

Yields

4,10%
est. yield to maturity
As of 29/05/2023
2,44%
Current Yield
As of 29/05/2023
2,03%
distribution yield
As of 30/04/2023
Past performance does not predict future returns

Past performance is not a guarantee or a reliable indicator of future returns. The performance data shown in this chart is calculated and updated daily. Source: PIMCO

Recent Distributions

As of 29/05/2023
Ex-Date
19/05/2023
Record Date
11/05/2023
Distribution Per Shares
0,1847
Currency
EUR

Dividends

As of 29/05/2023
Distribution Date Dist. NAV (€) Dividend Income (€) Dist. Total (€)
19/05/2023 96,98 0,184669 0,184669
20/04/2023 96,88 0,189012 0,189012
16/03/2023 96,88 0,151930 0,151930
16/02/2023 96,93 0,135605 0,135605
19/01/2023 96,84 0,153389 0,153389
15/12/2022 96,64 0,097490 0,097490
17/11/2022 96,42 0,071982 0,071982
20/10/2022 96,09 0,071192 0,071192
15/09/2022 96,90 0,033465 0,033465
18/08/2022 97,31 0,024833 0,024833
21/07/2022 97,11 0,012556 0,012556
16/06/2022 97,15 0,000000 0,000000
19/05/2022 97,69 0,000000 0,000000
21/04/2022 97,93 0,000000 0,000000
17/03/2022 98,16 0,000000 0,000000
17/02/2022 98,68 0,000000 0,000000
20/01/2022 99,03 0,000000 0,000000
16/12/2021 99,21 0,000000 0,000000
18/11/2021 99,26 0,000000 0,000000
21/10/2021 99,28 0,000000 0,000000
16/09/2021 99,46 0,000000 0,000000
19/08/2021 99,51 0,000000 0,000000
15/07/2021 99,53 0,000000 0,000000
17/06/2021 99,54 0,000000 0,000000
20/05/2021 99,54 0,000000 0,000000
15/04/2021 99,60 0,000000 0,000000
18/03/2021 99,61 0,000000 0,000000
18/02/2021 99,68 0,000000 0,000000
21/01/2021 99,70 0,000000 0,000000
17/12/2020 99,74 0,000000 0,000000
19/11/2020 99,75 0,000000 0,000000
15/10/2020 99,75 0,000000 0,000000
17/09/2020 99,75 0,000000 0,000000
20/08/2020 99,76 0,000000 0,000000
16/07/2020 99,67 0,000000 0,000000
18/06/2020 99,58 0,000000 0,000000
14/05/2020 99,17 0,000000 0,000000
16/04/2020 99,02 0,000000 0,000000
19/03/2020 98,75 0,000000 0,000000
13/02/2020 99,99 0,000000 0,000000
16/01/2020 99,98 0,000000 0,000000
19/12/2019 100,01 0,000000 0,000000
15/11/2019 100,03 0,000000 0,000000
17/10/2019 100,08 0,000000 0,000000
19/09/2019 100,12 0,000000 0,000000
15/08/2019 100,20 0,000000 0,000000
18/07/2019 100,22 0,000000 0,000000
13/06/2019 100,21 0,000000 0,000000
16/05/2019 100,23 0,000000 0,000000
18/04/2019 100,26 0,000000 0,000000
14/03/2019 100,23 0,000000 0,000000
14/02/2019 100,14 0,000000 0,000000
17/01/2019 100,06 0,000000 0,000000
20/12/2018 100,03 0,000000 0,000000
15/11/2018 100,30 0,000000 0,000000
18/10/2018 100,38 0,000000 0,000000
13/09/2018 100,60 0,000000 0,000000
16/08/2018 100,53 0,000000 0,000000
19/07/2018 100,73 0,000000 0,000000
14/06/2018 100,73 0,000000 0,000000
17/05/2018 101,14 0,000000 0,000000
19/04/2018 101,25 0,000000 0,000000
15/03/2018 101,28 0,000000 0,000000
15/02/2018 101,31 0,000000 0,000000
18/01/2018 101,39 0,000000 0,000000
14/12/2017 101,53 0,000000 0,000000
16/11/2017 101,52 0,000000 0,000000
19/10/2017 101,53 0,000000 0,000000
14/09/2017 101,55 0,000000 0,000000
17/08/2017 101,58 0,000000 0,000000
20/07/2017 101,59 0,022014 0,022014
15/06/2017 101,66 0,000821 0,000821
18/05/2017 101,68 0,000000 0,000000
13/04/2017 101,73 0,000000 0,000000
20/10/2016 101,81 0,024657 0,024657
18/08/2016 101,86 0,007757 0,007757
14/07/2016 101,84 0,002537 0,002537
18/02/2016 101,65 0,018892 0,018892
19/11/2015 101,70 0,001655 0,001655
17/09/2015 101,69 0,020744 0,020744
20/08/2015 101,77 0,009012 0,009012
16/07/2015 101,69 0,010949 0,010949
18/06/2015 101,68 0,029161 0,029161
14/05/2015 101,96 0,018792 0,018792
16/04/2015 101,97 0,014579 0,014579
19/03/2015 101,94 0,020937 0,020937
19/02/2015 101,88 0,035619 0,035619
15/01/2015 101,70 0,031876 0,031876
18/12/2014 101,60 0,032038 0,032038
20/11/2014 101,83 0,048196 0,048196
16/10/2014 101,81 0,038932 0,038932
17/09/2014 102,00 0,041222 0,041222
20/08/2014 101,90 0,045033 0,045033
16/07/2014 101,84 0,038416 0,038416
18/06/2014 101,83 0,051650 0,051650
14/05/2014 101,75 0,048581 0,048581
16/04/2014 101,65 0,042982 0,042982
19/03/2014 101,54 0,043971 0,043971
19/02/2014 101,52 0,029011 0,029011
15/01/2014 101,41 0,042344 0,042344
18/12/2013 101,34 0,033029 0,033029
20/11/2013 101,41 0,035718 0,035718
16/10/2013 101,28 0,018871 0,018871
18/09/2013 101,24 0,015122 0,015122
14/08/2013 101,23 0,011231 0,011231
17/07/2013 101,19 0,009902 0,009902
19/06/2013 101,21 0,027510 0,027510
15/05/2013 101,37 0,021745 0,021745
17/04/2013 101,29 0,033320 0,033320
20/03/2013 101,19 0,037476 0,037476
20/02/2013 101,11 0,051617 0,051617
16/01/2013 101,17 0,040285 0,040285
19/12/2012 101,06 0,049575 0,049575
14/11/2012 100,98 0,060273 0,060273
17/10/2012 100,94 0,033889 0,033889
19/09/2012 100,81 0,057097 0,057097
16/08/2012 100,72 0,059966 0,059966
18/07/2012 100,56 0,082940 0,082940
20/06/2012 100,27 0,086084 0,086084
16/05/2012 100,21 0,091310 0,091310
18/04/2012 100,22 0,113003 0,113003
14/03/2012 100,16 0,096692 0,096692
15/02/2012 99,99 0,103967 0,103967
18/01/2012 99,57 0,122784 0,122784
14/12/2011 99,41 0,150497 0,150497
16/11/2011 99,52 0,123976 0,123976
19/10/2011 99,44 0,144906 0,144906
14/09/2011 99,54 0,107412 0,107412
17/08/2011 99,82 0,095001 0,095001
20/07/2011 99,80 0,158593 0,158593
15/06/2011 99,82 0,084737 0,084737
18/05/2011 99,81 0,107158 0,107158
13/04/2011 99,80 0,088604 0,088604
16/03/2011 99,80 0,077205 0,077205
16/02/2011 99,81 0,063557 0,063557
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Price & Performance

Past performance does not predict future returns

Past performance is not a guarantee or a reliable indicator of future returns. The performance data shown in this chart is calculated and updated daily. Source: PIMCO Benchmark: ESTR - Euro Short-Term Rate (ESTRON) from COB 30 November 2019 onwards. Previously EONIA – Euro OverNight Index Average

Discrete Performance

As of 30/04/2023
ANNUALIZED RETURNS
Annual Returns
Apr`13 - Apr`14 Apr`14 - Apr`15 Apr`15 - Apr`16 Apr`16 - Apr`17 Apr`17 - Apr`18 Apr`18 - Apr`19 Apr`19 - Apr`20 Apr`20 - Apr`21 Apr`21 - Apr`22 Apr`22 - Apr`23
Euro Short Maturity UCITS ETF 0,61 0,74 -0,07 -0,04 -0,44 -0,96 -1,13 0,45 -1,77 0,16
Euro Short-Term Rate (ESTER) 0,13 0,02 -0,18 -0,35 -0,36 -0,37 -0,47 -0,56 -0,58 0,99
Performance - Fund vs Index 0,48 0,72 0,11 0,31 -0,08 -0,59 -0,66 1,01 -1,19 -0,83

"-" indicates insufficient data history

Benchmark: ESTR - Euro Short-Term Rate (ESTRON) from COB 30 November 2019 onwards. Previously EONIA – Euro OverNight Index Average

Portfolio Composition

As of 28/04/2023
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio
Government Related 23,89
Securitized 27,33
Invest. Grade Credit 47,41
High Yield Credit 0,00
Emerging Markets 0,00
Municipal/Other 0,00
Net Other Short Duration Instruments 1,37
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio
Government Related 25,13
Securitized 1,25
Invest. Grade Credit 73,34
High Yield Credit 0,00
Emerging Markets 0,00
Municipal/Other 0,00
Net Other Short Duration Instruments 0,28
As of 28/04/2023
Portfolio Composition - Maturity Distribution
Years % of Fund
0-1 71,44
1-3 27,39
3-5 1,17
5-10 0,00
10-20 0,00
20+ 0,00
Effective Maturity (yrs) 0,66
As of 26/05/2023
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 11,36
Below A1/P1 1,51
AAA 50,27
AA 5,56
A 16,46
BAA 14,83
BB 0,00
B 0,00
Below B 0,00

Quality breakdown is calculated using the higher rating of those provided by agencies Moody’s, Fitch and S&P. For unrated securities, PIMCO’s own credit rating is applied. A PIMCO credit rating doesn´t reflect any research or rating of the fund and its investment but only shows external ratings and PIMCO´s own classification. Source: PIMCO

interest rate exposures

As of 30/04/2023
exposure FUND index
Effective Duration 0,63 0,00
Bull Market Duration 0,64 0,00
Bear Market Duration 0,64 0,00
Total Curve Duration 0,19 N/A

sector exposures

As of 30/04/2023
exposure FUND index
Mortgage Spread Duration 0,53 0,00
Corporate Spread Duration 0,32 0,00
Emerging Markets Spread Duration 0,05 0,00

country exposure breakdown

The performance data shown in this chart is calculated and updated daily. Source: PIMCO

Documents

Report Types Regulatory Documents
Prospectus
Shareholder Notice