LDUR
LDUR
Fund Overview
why invest in this fund
Actively managed to pursue the best client outcomes and mitigate risk
The fund is actively managed across government and credit sectors in an effort to diversify its sources of returns, limit interest rate risk and optimize client outcomes in a risk-managed framework.
Offers the potential for an attractive yield advantage
With a 1- to 3-year duration range, the fund offers the potential for an attractive yield advantage over ultrashort bond funds and other enhanced cash strategies.
Lower potential volatility
The fund’s nimble approach to liquidity management and multi-sector mandate aim to provide greater flexibility to address market shifts, seeking lower volatility than longer term bond funds.
Portfolio Information
Fund Facts
Price
Fund Information
| Data point name | Data point value |
|---|---|
| TYPE | Active |
| DURATION CATEGORY | Low |
| CUSIP | 72201R718 |
| Inception Date | 01/22/2014 |
| Shares Outstanding | 10,740,000 |
| Total Net Assets | $1,094,281,757.00 |
| Daily Trading Volume (dollar notional) | $5,589,967.32 |
| Trailing 3 years as of 03/31/2021 | 2.96% |
| Annualized Volatility | 2.24% |
INDEX INFORMATION
ICE BofAML 1-3 Year U.S. Treasury Index
The ICE BofAML 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.
| Data point name | Data point value |
|---|---|
| Index Ticker | G1O2 |
| Inception Date | 12/31/1975 |
| Rebalancing Frequency | Monthly |
|
As of 03/31/2021
|
0.88% |
Quarterly Trading Volume Characteristics
Average Volume
| in shares | 54,080 |
|---|---|
| in $ | $5,511,021.37 |
Top Ten Exposure
| Description | % of Assets | Security Type | Coupon | Maturity |
|---|---|---|---|---|
| US TREASURY N/B 12/22 0.125 | 16.02 | GOVERNMENT | 0.13 | 12/31/2022 |
| US TREASURY N/B 03/23 0.125 | 4.99 | GOVERNMENT | 0.13 | 03/31/2023 |
| FEDERAL HOME LOAN BANK BONDS 02/27 0.92 | 1.54 | GOVERNMENT | 0.92 | 02/26/2027 |
| US TREASURY N/B 03/24 0.25 | 1.46 | GOVERNMENT | 0.25 | 03/15/2024 |
| FEDERAL HOME LOAN BANK BONDS 02/27 1.02 | 1.36 | GOVERNMENT | 1.02 | 02/24/2027 |
| CASH MGMT BILL 07/21 0.00000 | 1.18 | GOVERNMENT | 0.01 | 07/13/2021 |
| CASH MGMT BILL 08/21 0.00000 | 1.04 | GOVERNMENT | 0.01 | 08/03/2021 |
| FED HOME LN DISCOUNT NT DISCOUNT NOT 06/21 0.00000 | 1.03 | GOVERNMENT | 0.01 | 06/23/2021 |
| FANNIE MAE NOTES 12/26 0.875 | 0.96 | GOVERNMENT | 0.88 | 12/18/2026 |
| DOLPHIN ENERGY LTD SR SECURED REGS 12/21 5.5 | 0.94 | CORPORATE BONDS | 5.50 | 12/15/2021 |
Fund Managers
RELATED MATERIALS
Current holdings are subject to risk. Holdings are subject to change at any time.
Fees & Expenses
| Name | Value |
|---|---|
| Gross Expense Ratio | 0.56% |
| Name | Value |
|---|---|
| Adjusted Expense Ratio | 0.46% |
The Adjusted Expense Ratio excludes certain investment expenses, such as interest expense from borrowings and repurchase agreements and dividend expense from investments on short sales, incurred directly by the Fund or indirectly through the Fund’s investments in underlying PIMCO Funds (if applicable), none of which are paid to PIMCO.
Yields & Distributions
Yields
Dividends & Capital Gains Distribution
| Distribution Date | Dist. Nav | Long Term Cap. Gain | Short Term Cap. Gain | Dividend Income | Dist. Total |
|---|---|---|---|---|---|
| 04/01/2021 | 101.83 | - | - | 0.090000 | 0.090000 |
| 03/01/2021 | 102.03 | - | - | 0.090000 | 0.090000 |
| 02/01/2021 | 102.15 | - | - | 0.120000 | 0.120000 |
| 12/30/2020 | 101.99 | - | - | 0.150000 | 0.150000 |
| 12/11/2020 | 102.01 | 0.000000 | 0.000000 | - | 0.000000 |
| 12/01/2020 | 101.84 | - | - | 0.150000 | 0.150000 |
| 11/02/2020 | 102.11 | - | - | 0.160000 | 0.160000 |
| 10/01/2020 | 101.92 | - | - | 0.180000 | 0.180000 |
| 09/01/2020 | 101.83 | - | - | 0.150000 | 0.150000 |
| 08/03/2020 | 101.83 | - | - | 0.180000 | 0.180000 |
| 07/01/2020 | 101.58 | - | - | 0.180000 | 0.180000 |
| 06/01/2020 | 100.48 | - | - | 0.180000 | 0.180000 |
| 05/01/2020 | 99.71 | - | - | 0.230000 | 0.230000 |
| 04/01/2020 | 98.35 | - | - | 0.220000 | 0.220000 |
| 03/02/2020 | 101.11 | - | - | 0.200000 | 0.200000 |
| 02/03/2020 | 100.38 | - | - | 0.210000 | 0.210000 |
| 12/30/2019 | 99.72 | - | - | 0.320000 | 0.320000 |
| 12/11/2019 | 99.84 | 0.000000 | 0.000000 | - | 0.000000 |
| 12/02/2019 | 99.76 | - | - | 0.300000 | 0.300000 |
| 11/01/2019 | 99.94 | - | - | 0.300000 | 0.300000 |
| 10/01/2019 | 100.11 | - | - | 0.320000 | 0.320000 |
| 09/03/2019 | 100.30 | - | - | 0.280000 | 0.280000 |
| 08/01/2019 | 100.23 | - | - | 0.240000 | 0.240000 |
| 07/01/2019 | 99.95 | - | - | 0.230000 | 0.230000 |
| 06/03/2019 | 99.80 | - | - | 0.240000 | 0.240000 |
| 05/01/2019 | 99.59 | - | - | 0.230000 | 0.230000 |
| 04/01/2019 | 99.45 | - | - | 0.220000 | 0.220000 |
| 03/01/2019 | 99.28 | - | - | 0.220000 | 0.220000 |
| 02/01/2019 | 99.02 | - | - | 0.230000 | 0.230000 |
| 12/28/2018 | 98.68 | - | - | 0.370000 | 0.370000 |
| 12/12/2018 | 98.78 | 0.000000 | 0.000000 | - | 0.000000 |
| 12/03/2018 | 98.87 | - | - | 0.330000 | 0.330000 |
| 11/01/2018 | 99.30 | - | - | 0.260000 | 0.260000 |
| 10/01/2018 | 99.40 | - | - | 0.220000 | 0.220000 |
| 09/04/2018 | 99.44 | - | - | 0.240000 | 0.240000 |
| 08/01/2018 | 99.42 | - | - | 0.233000 | 0.233000 |
| 07/02/2018 | 99.35 | - | - | 0.245000 | 0.245000 |
| 06/01/2018 | 99.52 | - | - | 0.245000 | 0.245000 |
| 05/01/2018 | 99.49 | - | - | 0.240000 | 0.240000 |
| 04/02/2018 | 99.62 | - | - | 0.230000 | 0.230000 |
| 03/01/2018 | 99.87 | - | - | 0.190000 | 0.190000 |
| 02/01/2018 | 99.97 | - | - | 0.190000 | 0.190000 |
| 12/28/2017 | 100.29 | - | - | 0.267670 | 0.267670 |
| 12/13/2017 | 100.68 | 0.000000 | 0.000000 | - | 0.000000 |
| 12/01/2017 | 100.64 | - | - | 0.190000 | 0.190000 |
| 11/01/2017 | 100.91 | - | - | 0.175000 | 0.175000 |
| 10/02/2017 | 100.81 | - | - | 0.190000 | 0.190000 |
| 09/01/2017 | 100.71 | - | - | 0.196000 | 0.196000 |
| 08/01/2017 | 100.74 | - | - | 0.196000 | 0.196000 |
| 07/03/2017 | 100.87 | - | - | 0.190000 | 0.190000 |
| 06/01/2017 | 100.79 | - | - | 0.190000 | 0.190000 |
| 05/01/2017 | 100.69 | - | - | 0.100000 | 0.100000 |
| 04/03/2017 | 100.55 | - | - | 0.100000 | 0.100000 |
| 03/01/2017 | 100.40 | - | - | 0.145000 | 0.145000 |
| 02/01/2017 | 100.29 | - | - | 0.145000 | 0.145000 |
| 12/28/2016 | 100.15 | - | - | 0.140000 | 0.140000 |
| 12/14/2016 | 100.13 | 0.000000 | 0.000000 | - | 0.000000 |
| 12/01/2016 | 100.16 | - | - | 0.150000 | 0.150000 |
| 11/01/2016 | 100.76 | - | - | 0.140000 | 0.140000 |
| 10/03/2016 | 100.70 | - | - | 0.140000 | 0.140000 |
| 09/01/2016 | 100.67 | - | - | 0.140000 | 0.140000 |
| 08/01/2016 | 100.57 | - | - | 0.170000 | 0.170000 |
| 07/01/2016 | 100.13 | - | - | 0.170000 | 0.170000 |
| 06/01/2016 | 100.06 | - | - | 0.140000 | 0.140000 |
| 05/02/2016 | 99.67 | - | - | 0.140000 | 0.140000 |
| 04/01/2016 | 99.32 | - | - | 0.160000 | 0.160000 |
| 03/01/2016 | 98.67 | - | - | 0.160000 | 0.160000 |
| 02/01/2016 | 98.83 | - | - | 0.210000 | 0.210000 |
| 12/29/2015 | 99.26 | - | - | 0.610000 | 0.610000 |
| 12/09/2015 | 100.01 | 0.345790 | 0.475560 | - | 0.821350 |
| 12/01/2015 | 101.04 | - | - | 0.200000 | 0.200000 |
| 11/02/2015 | 101.14 | - | - | 0.220000 | 0.220000 |
| 09/30/2015 | 100.57 | - | - | 0.190000 | 0.190000 |
| 08/31/2015 | 101.15 | - | - | 0.150000 | 0.150000 |
| 07/31/2015 | 101.67 | - | - | 0.120000 | 0.120000 |
| 06/30/2015 | 101.62 | - | - | 0.120000 | 0.120000 |
| 05/29/2015 | 101.84 | - | - | 0.110000 | 0.110000 |
| 04/30/2015 | 101.49 | - | - | 0.100000 | 0.100000 |
| 03/31/2015 | 101.32 | - | - | 0.080000 | 0.080000 |
| 02/27/2015 | 101.12 | - | - | 0.070000 | 0.070000 |
| 01/30/2015 | 100.65 | - | - | 0.120000 | 0.120000 |
| 12/29/2014 | 100.16 | - | - | 0.610000 | 0.610000 |
| 12/10/2014 | 100.89 | 0.000000 | 0.252892 | - | 0.252892 |
| 11/28/2014 | 101.40 | - | - | 0.170000 | 0.170000 |
| 10/31/2014 | 101.48 | - | - | 0.130000 | 0.130000 |
| 09/30/2014 | 101.35 | - | - | 0.104000 | 0.104000 |
| 08/29/2014 | 101.46 | - | - | 0.102000 | 0.102000 |
| 07/31/2014 | 101.21 | - | - | 0.053000 | 0.053000 |
| 06/30/2014 | 101.27 | - | - | 0.050000 | 0.050000 |
| 05/30/2014 | 101.34 | - | - | 0.019000 | 0.019000 |
| 04/30/2014 | 101.02 | - | - | 0.072000 | 0.072000 |
| 03/31/2014 | 100.61 | - | - | 0.065000 | 0.065000 |
| 02/28/2014 | 100.55 | - | - | 0.040000 | 0.040000 |
Yield to Maturity (YTM) is the estimated total return of a bond if held to maturity. YTM accounts for the present value of a bond’s future coupon payments. PIMCO calculates a Fund's Estimated YTM by averaging the YTM of each security held in the Fund on a market-weighted basis. PIMCO pulls each security's YTM from PIMCO's Portfolio Analytics database. In general, the calculation will incorporate the yield based on the notional value of all derivative instruments held by a Fund. The measure does not reflect the deduction of fees and expenses and is not necessarily indicative of the Fund's actual performance.
The SEC yield is an annualized yield based on the most recent 30 day period.
The Subsidized yield includes contractual expense reimbursements and it would be lower without those reimbursements. The Unsubsidized 30 Day SEC yield excludes contractual expense reimbursements.
The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The yield does not include long- or short-term capital gains distributions.
No dividend reinvestment service is provided by the Trust. Financial intermediaries may make available the DTC book-entry Dividend Reinvestment Service for use by beneficial owners of Fund shares for reinvestment of their dividend distributions. Beneficial owners should contact their financial intermediary to determine the availability and costs of the service and the details of participation therein. Financial intermediaries may require beneficial owners to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and net capital gains will be automatically reinvested in additional whole shares of the Fund purchased in the secondary market.
Price & Performance
| Returns | 1YR | 3YR | 5YR | 10YR | Inception |
|---|---|---|---|---|---|
| NAV Total Returns (After Fees) | 5.72 | 3.48 | 2.94 | - | 2.67 |
| Market Price Returns | 4.79 | 3.47 | 2.92 | - | 2.67 |
| ICE BofAML 1-3 Year U.S. Treasury Index | 0.24 | 2.77 | 1.71 | 1.29 | 1.48 |
| Performance Difference (Fund NAV vs. Index) | 5.48 | 0.71 | 1.23 | - | 1.19 |
| Performance Difference (Fund Market Price vs. Index) | 4.55 | 0.70 | 1.21 | - | 1.19 |
| Standard Deviation | - | 2.24 | 1.81 | - | 1.66 |
| After Tax Pre-Liquidation | 4.87 | 2.35 | 1.92 | - | 1.66 |
| After Tax Post-Liquidation |