EMNT

Enhanced Short Maturity Active ESG Exchange-Traded Fund

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Core Fixed Income
Sector
0.36%
distribution yield
As of 08/31/2021
0.15%
30-day sec yield
As of 09/15/2021
0.33%
nav ytd return
As of 09/15/2021
0.33%
MARKET PRICE YTD RETURN
As of 09/15/2021

The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity, while incorporating PIMCO's ESG investment strategy.

why invest in this fund

Portfolio Information

190
Number of Holdings
As of 09/15/2021
0.59 Years
Effective Maturity
As of 09/14/2021
0.52 Years
Effective Duration
As of 09/14/2021
0.59%
est. yield to maturity
As of 09/15/2021

Fund Facts

NAV PRICE
$100.66
1 DAY RETURN
$0.00 0.00%
As of 09/15/2021
MARKET PRICE
$100.67
1 DAY RETURN
$0.00 0.00%
As of 09/15/2021
PREMIUM / DISCOUNT
0.01%
As of 09/15/2021
MEDIAN BID/ASK SPREAD
0.02%
As of 09/15/2021

Price

Fund Information

As of 09/14/2021
Data point name Data point value
TYPE Active
DURATION CATEGORY Ultra Low
CUSIP 72201R643
Inception Date 12/10/2019
Shares Outstanding 1,720,000
Total Net Assets $173,137,867.20
Daily Trading Volume (dollar notional) $244,930.11
Annualized Volatility 0.00%

INDEX INFORMATION

FTSE 3-Month Treasury Bill Index

FTSE 3-Month Treasury Bill Index is an unmanaged index representing monthly return equivalents of yield averages of the last 3 month Treasury Bill issues. It is not possible to invest directly in an unmanaged index.

INDEX INFORMATION
Data point name Data point value
Index Ticker SBMMTB3
Inception Date 12/31/1977
Rebalancing Frequency Monthly
Annualized Volatility
As of 08/31/2021
0.23%

Quarterly Trading Volume Characteristics

As of 06/30/2021

Average Volume

in shares 11,392
in $ $1,146,678.08

Top Ten Exposure

As of 09/15/2021

Top Ten Exposure table

Description % of Assets Security Type Coupon Maturity
US DOLLAR 9.93 CURRENCY - FORWARD 0.00 -
JAPAN TREASURY DISC BILL BILLS 09/21 0.00000 4.34 GOVERNMENT 0.00 09/21/2021
TREASURY BILL 10/21 0.00000 2.95 GOVERNMENT 0.01 10/05/2021
FANNIE MAE FNR 2019 74 BF 2.31 COLLATERALIZED MORTGAGE OBLIGATION 0.63 12/25/2059
FREDDIE MAC NOTES 12/25 0.7 2.30 GOVERNMENT 0.70 12/23/2025
TREASURY BILL 09/21 0.00000 1.96 GOVERNMENT 0.01 09/28/2021
BRIXMOR OPERATING PART SR UNSECURED 02/22 VAR 1.45 CORPORATE BONDS 1.18 02/01/2022
GATX CORP SR UNSECURED 11/21 VAR 1.33 CORPORATE BONDS 0.84 11/05/2021
SMITHS GROUP PLC COMPANY GUAR REGS 10/22 3.625 1.30 CORPORATE BONDS 3.63 10/12/2022
MIZUHO FINANCIAL GROUP SR UNSECURED 03/23 VAR 1.28 CORPORATE BONDS 0.91 03/05/2023

Fund Managers

fund manager Jerome M. Schneider
Jerome M. Schneider
Head of Short-Term Portfolio Management
fund manager Jelle Brons
Jelle Brons
Portfolio Manager, Global Investment Grade Credit
fund manager Andrew T. Wittkop
Andrew T. Wittkop
Portfolio Manager, Treasuries, Agencies, Rates
fund manager Nathan Chiaverini
Nathan Chiaverini
Portfolio Manager, Short-Term Desk
Effective as of 10/30/2020

Fees and Expenses

Name Value
Gross Expense Ratio 0.39%

Fees and Expenses

Name Value
Net Expense Ratio 0.27%

The Net Expense Ratio reflects a contractual fee waiver and/or expense reduction, which is in place through 10/31/2021 and renews automatically for a full year unless terminated by PIMCO in accordance with the terms of the agreement. See the Fund's prospectus for more information.

Fees and Expenses

Name Value
Adjusted Expense Ratio 0.24%

The Adjusted Expense Ratio is the same as the Net Expense Ratio, but also 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

0.36%
distribution yield
As of 08/31/2021
0.15%
30-DAY SEC YIELD
As of 09/15/2021
0.27%
30-DAY SEC SUBSIDIZED YIELD
As of 09/15/2021
0.59%
est. yield to maturity
As of 09/15/2021

Dividends & Capital Gains Distribution

As of 09/15/2021
Distribution Date Dist. Nav Long Term Cap. Gain Short Term Cap. Gain Dividend Income Dist. Total
09/01/2021 100.65 - - 0.030000 0.030000
08/02/2021 100.68 - - 0.040000 0.040000
07/01/2021 100.61 - - 0.040000 0.040000
06/01/2021 100.66 - - 0.045000 0.045000
05/03/2021 100.63 - - 0.060000 0.060000
04/01/2021 100.59 - - 0.060000 0.060000
03/01/2021 100.68 - - 0.050000 0.050000
02/01/2021 100.74 - - 0.070000 0.070000
12/30/2020 100.70 - - 0.120000 0.120000
12/11/2020 100.79 0.000000 0.000000 - 0.000000
12/01/2020 100.75 - - 0.110000 0.110000
11/02/2020 100.74 - - 0.090000 0.090000
10/01/2020 100.79 - - 0.080000 0.080000
09/01/2020 100.78 - - 0.080000 0.080000
08/03/2020 100.73 - - 0.080600 0.080600
07/01/2020 100.50 - - 0.130000 0.130000
06/01/2020 100.15 - - 0.150000 0.150000
05/01/2020 99.72 - - 0.160000 0.160000
04/01/2020 99.14 - - 0.140000 0.140000
03/02/2020 100.40 - - 0.160000 0.160000
02/03/2020 100.29 - - 0.150000 0.150000
12/30/2019 100.09 - - 0.130000 0.130000
12/11/2019 100.03 0.000000 0.000000 - 0.000000
As of 08/31/2021
ANNUALIZED MONTH END RETURNS
Returns 1YR 3YR 5YR 10YR Inception
NAV Total Returns (After Fees) 0.67 - - - 1.53
Market Price Returns 0.66 - - - 1.52
FTSE 3-Month Treasury Bill Index 0.06 1.20 1.13 0.60 0.41
Performance Difference (Fund NAV vs. Index) 0.61 - - - 1.12
Performance Difference (Fund Market Price vs. Index) 0.60 - - - 1.11
Standard Deviation - - - - -
After Tax Pre-Liquidation 0.33 - - - 1.06
After Tax Post-Liquidation 0.40 - - - 0.97
As of 06/30/2021
ANNUALIZED QUARTER END RETURNS
Returns 1YR 3YR 5YR 10YR Inception
NAV Total Returns (After Fees) 1.00 - - - 1.63
Market Price Returns 1.00 - - - 1.62
FTSE 3-Month Treasury Bill Index 0.08 1.31 1.14 0.60 0.45
Performance Difference (Fund NAV vs. Index) 0.92 - - - 1.18
Performance Difference (Fund Market Price vs. Index) 0.92 - - - 1.17
Standard Deviation - - - - -
After Tax Pre-Liquidation 0.61 - - - 1.14
After Tax Post-Liquidation 0.59 - - - 1.04
As of 08/31/2021
CUMULATIVE MONTH END RETURNS
Returns YTD 1MO 3MO 6MO
NAV Total Returns (After Fees) 0.32 0.01 0.09 0.25
Market Price Returns 0.31 0.00 0.09 0.27
FTSE 3-Month Treasury Bill Index 0.03 0.00 0.01 0.02
Performance Difference (Fund NAV vs. Index) 0.29 0.01 0.08 0.23
Performance Difference (Fund Market Price vs. Index) 0.28 0.00 0.08 0.25
Standard Deviation - - - -
After Tax Pre-Liquidation 0.18 -0.01 0.04 0.13
After Tax Post-Liquidation 0.19 0.01 0.06 0.15
As of 06/30/2021
CUMULATIVE QUARTER END RETURNS
Returns YTD 1MO 3MO 6MO
NAV Total Returns (After Fees) 0.22 0.00 0.19 0.22
Market Price Returns 0.21 0.00 0.17 0.21
FTSE 3-Month Treasury Bill Index 0.03 0.00 0.01 0.03
Performance Difference (Fund NAV vs. Index) 0.19 0.00 0.18 0.19
Performance Difference (Fund Market Price vs. Index) 0.18 0.00 0.16 0.18
Standard Deviation - - - -
After Tax Pre-Liquidation 0.11 -0.02 0.13 0.11
After Tax Post-Liquidation 0.13 0.00 0.11 0.13

Morningstar Rating

Morningstar Rating
Fund Name Morningstar Category Overall 3 Yr 5 Yr 10 Yr
Enhanced Short Maturity Active ESG Exchange-Traded Fund Ultrashort Bond - - - -

Premium / Discount

Premium / Discount

Premium / Discount Calendar Year 2020 First Quarter 2021 Second Quarter 2021
Days Traded At Premium 135 15 33
Days Traded At NAV 43 7 20
Days Traded At Discount 75 39 10
As of 08/31/2021
Portfolio Composition - Sector Allocation: Market Value
sector FUND Fund ratio
US Government Related 8.08
Securitized 22.86
Invest. Grade Credit 48.44
High Yield Credit 0.00
Non-USD Developed 9.93
Emerging Markets 0.18
Other 2.86
Net Other Short Duration Instruments 7.65
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio
US Government Related 12.06
Securitized 13.35
Invest. Grade Credit 67.15
High Yield Credit 0.00
Non-USD Developed 2.97
Emerging Markets 0.14
Other 1.35
Net Other Short Duration Instruments 2.98
As of 08/31/2021
Portfolio Composition - Maturity Distribution
Years % of Fund
0-1 79.00
1-3 18.00
3-5 4.00
5-10 0.00
10-20 0.00
20+ 0.00
Effective Maturity (yrs) 0.59
As of 09/14/2021
Portfolio Composition - Credit Rating: S&P
Rating Fund% Fund percent
Government 17.38
AAA 6.60
AA+ 12.66
AA 0.88
AA- 0.44
A+ 5.72
A 1.77
A- 10.96
BBB+ 9.53
BBB 7.90
BBB- 7.22
BB+ 0.23
Not Rated 18.67
As of 09/14/2021
Portfolio Composition - Credit Rating: Moody
Rating Fund% Fund percent
Government 17.38
Aaa 22.08
Aa1 0.59
Aa2 1.52
Aa3 1.05
A1 6.86
A2 5.62
A3 6.00
Baa1 4.07
Baa2 6.58
Baa3 9.62
Not Rated 18.59
As of 09/14/2021
Portfolio Composition - Credit Rating: Fitch
Rating Fund% Fund percent
Government 17.38
AAA 15.61
AA 0.73
AA- 4.45
A+ 1.88
A 6.56
A- 3.94
BBB+ 3.81
BBB 2.54
BBB- 7.19
BB+ 0.23
Not Rated 35.64

interest rate exposures

As of 08/31/2021
exposure FUND index
Effective Duration 0.52 0.24
Bull Market Duration 0.46 0.23
Bear Market Duration 0.50 0.23
Total Curve Duration 0.13 N/A

sector exposures

As of 08/31/2021
exposure FUND index
Mortgage Spread Duration 0.61 0.00
Corporate Spread Duration 0.44 0.00
Emerging Markets Spread Duration 0.10 0.00
DISCLOSURES
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus, which may be obtained by contacting your PIMCO representative. Please read the prospectus carefully before you invest.
Net Asset Value (NAV) represents an ETF’s per-share value. The per-share value of an ETF is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of ETF shares outstanding. ETF shares are valued as of the close of regular trading (normally 4:00 P.M. Eastern Time) (The “NYSE Close”) on each business day.
Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 pm Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times. The after-tax return calculation assumes a 35% tax rate.
ETF shares may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for PIMCO ETF shares will develop or be maintained, or that their listing will continue or remain unchanged.

A word about risk: A word about risk: Investing in the bond market is subject to certain risks including the risk that fixed income securities will decline in value because of changes in interest rates; the risk that fund shares could trade at prices other than the net asset value; and the risk that the manager's investment decisions might not produce the desired results; the risk that fund shares could trade at prices other than the net asset value; and the risk that the manager's investment decisions might not produce the desired results. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

Socially responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by PIMCO will reflect the beliefs or values of any one particular investor. Information regarding responsible practices is obtained through voluntary or third-party reporting, which may not be accurate or complete, and PIMCO is dependent on such information to evaluate a company’s commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. There is no assurance that the socially responsible investing strategy and techniques employed will be successful. Past performance is not a guarantee or reliable indicator of future results.

PIMCO Smart beta ETFs and index ETFs use an indexing approach and may be affected by a general decline in market segments or asset classes relating to its Underlying Index. The Fund invests in securities and instruments included in, or representative of, its Underlying Index regardless of the investment merits of the Underlying Index.
ETFs are subject to secondary market trading risks. Shares of an ETF will be listed for trading on an exchange, however, there can be no guarantee that an active trading market for such shares will develop or continue. There can be no guarantee that an ETF's exchange listing or ability to trade its shares will continue or remain unchanged. Shares of an ETF may trade on an exchange at prices at, above or below their most recent NAV. The per share NAV of an ETF is calculated at the end of each business day, and fluctuates with changes in the market value of the Fund’s holdings. The trading prices of an ETF's shares fluctuate continuously throughout the trading day based on market supply and demand, which may not correlate to NAV. The trading prices of an ETF's shares may differ significantly from NAV during periods of market volatility, which may, among other factors, lead to the Fund’s shares trading at a premium or discount to NAV.
Exchange Traded Funds (“ETF”) are afforded certain exemptions from the Investment Company Act. The exemptions allow, among other things, for individual shares to trade on the secondary market. Individual shares cannot be directly purchased from or redeemed by the ETF. Purchases and redemptions directly with ETFs are only accomplished through creation unit aggregations or “baskets” of shares. Shares of an ETF, traded on the secondary market, are bought and sold at market price (not NAV). Brokerage commissions will reduce returns. Investment policies, management fees and other information can be found in the individual ETF’s prospectus.
Buying or selling ETF shares on an exchange may require the payment of fees, such as brokerage commissions, and other fees to financial intermediaries. In addition, an investor may incur costs attributed to the difference between the highest price a buyer is willing to pay to purchase shares of the Fund (bid) and the lowest price a seller is willing to accept for shares of the Fund (ask) when buying or selling shares in the secondary market (the bid-ask spread). Due to the costs inherent in buying or selling Fund shares, frequent trading may detract significantly from investment returns. Investment in Fund shares may not be advisable for investors who expect to engage in frequent trading.
Current holdings are subject to risk. Holdings are subject to change at any time. An investment in an ETF involves risk, including the loss of principal. Investment return, price, yield and Net Asset Value (NAV) will fluctuate with changes in market conditions. Investments may be worth more or less than the original cost when redeemed. Investments may be worth more or less than the original cost when redeemed.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. A discount or premium could be significant. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. For purposes of the premium/discount information, market price is determined using NYSE Arca’s Official Closing Price or if it more accurately reflects market price at the time as of which NAV is calculated, the midpoint between the national best bid and national best offer as of that time. Market price for purposes of other information is calculated as follows: (i) for time periods preceding December 17, 2020, the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated and (ii) for the time periods starting December 17, 2020, the NYSE Arca’s Official Closing Price or, if it more accurately reflects market price at the time as of which NAV is calculated, the midpoint between the national best bid and national best offer as of that time.
In order to provide additional information regarding the intra-day value of shares of the Fund, the NYSE Arca, Inc. or a market data vendor disseminates every 15 seconds through the facilities of the Consolidated Tape Association or other widely disseminated means an updated Indicative NAV (“iNAV”) for the Fund as calculated by an information provider or market data vendor. The Fund is not involved in or responsible for any aspect of the calculation or dissemination of the iNAV and makes no representation or warranty as to the accuracy of the iNAV.
Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.
PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2021, PIMCO

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