EMNT

Enhanced Short Maturity Active ESG Exchange-Traded Fund

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Core Fixed Income
Sector
1.57%
distribution yield
As of 06/30/2020
0.80%
30-day sec yield
As of 08/07/2020
1.65%
nav ytd return
As of 08/07/2020
1.64%
MARKET PRICE YTD RETURN
As of 08/07/2020

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

134
Number of Holdings
As of 08/06/2020
0.58 Years
Effective Maturity
As of 08/07/2020
0.55 Years
Effective Duration
As of 08/07/2020
0.85%
est. yield to maturity
As of 08/07/2020

Fund Facts

NAV PRICE
$100.77
1 DAY RETURN
$0.03 0.03%
As of 08/07/2020
MARKET PRICE
$100.75
1 DAY RETURN
$0.02 0.02%
As of 08/07/2020

Price

Fund Information

As of 08/07/2020
Data point name Data point value
TYPE Active
DURATION CATEGORY Ultra Low
CUSIP 72201R643
Inception Date 12/10/2019
Shares Outstanding 1,220,000
Total Net Assets $122,940,729.69
Daily Trading Volume (in shares) -
Premium/Discount Average (since inception) -
Premium/Discount Average as of market close 0.00%
Closing Price
As of -
-
Annualized Volatility -

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 07/31/2020
0.23%

quarterly trading characteristics

As of 06/30/2020

average volume

in shares 3,012
in $ $301,226.85

bid / ask spread

in % 0.11%
in $ $0.11

Top Ten Exposure

As of 08/06/2020

Top Ten Exposure table

Description % of Assets Sector Coupon Maturity
REPO 7.65 Repo 0.12 08/07/2020
FED HOME LN MTGE GLBL NT (800MM) 4.88 Agency Debenture 0.75 07/28/2025
FNR 2019-74 BF 1MLIB+55BP 4.08 Collateralized Mtge Obligation 0.72 12/25/2059
FHR 4936 PF 1MLIB+50BP 3.45 Collateralized Mtge Obligation 0.67 12/25/2049
FED HOME LN MTGE GLBL NT (500MM) 2.85 Agency Debenture 0.75 08/04/2025
FHS 339 F5 1MLIB+45BP 2.38 Collateralized Mtge Obligation 0.62 11/15/2044
FED HOME LN MTGE GLBL NT (500MM) 1.63 Agency Debenture 0.70 08/18/2025
REPO 1.55 Repo 0.12 08/07/2020
FNR 2019-62 FQ 1MLIBOR+50BP 1.50 Collateralized Mtge Obligation 0.67 11/25/2059
FNR 2014-47 AF 1MLIB+35BP 1.47 Collateralized Mtge Obligation 0.52 08/25/2044

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 12/10/2019

Fees and Expenses

Name Value
Net Expense Ratio 0.24%

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
Gross Expense Ratio 0.50%

Yields

1.57%
distribution yield
As of 06/30/2020
0.80%
30-DAY SEC YIELD
As of 08/07/2020
0.85%
est. yield to maturity
As of 08/07/2020

Dividends & Capital Gains Distribution

As of 08/07/2020
Distribution Date Dist. Nav Long Term Cap. Gain Short Term Cap. Gain Dividend Income Dist. Total
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 07/31/2020
ANNUALIZED MONTH END RETURNS
Returns 1YR 3YR 5YR 10YR Inception
NAV Total Returns (After Fees) - - - - 1.83
Market Price Returns - - - - 1.81
FTSE 3-Month Treasury Bill Index 1.36 1.70 1.15 0.61 0.63
Performance Difference (Fund NAV vs. Index) - - - - 1.20
Performance Difference (Fund Market Price vs. Index) - - - - 1.18
Standard Deviation - - - - -
After Tax Pre-Liquidation - - - - 1.41
After Tax Post-Liquidation - - - - 1.08
As of 06/30/2020
ANNUALIZED QUARTER END RETURNS
Returns 1YR 3YR 5YR 10YR Inception
NAV Total Returns (After Fees) - - - - 1.53
Market Price Returns - - - - 1.51
FTSE 3-Month Treasury Bill Index 1.56 1.72 1.15 0.61 0.62
Performance Difference (Fund NAV vs. Index) - - - - 0.91
Performance Difference (Fund Market Price vs. Index) - - - - 0.89
Standard Deviation - - - - -
After Tax Pre-Liquidation - - - - 1.16
After Tax Post-Liquidation - - - - 0.90
As of 07/31/2020
CUMULATIVE MONTH END RETURNS
Returns YTD 1MO 3MO 6MO
NAV Total Returns (After Fees) 1.60 0.30 1.40 1.24
Market Price Returns 1.59 0.30 1.41 1.23
FTSE 3-Month Treasury Bill Index 0.53 0.01 0.06 0.40
Performance Difference (Fund NAV vs. Index) 1.07 0.29 1.34 0.84
Performance Difference (Fund Market Price vs. Index) 1.06 0.29 1.35 0.83
Standard Deviation - - - -
After Tax Pre-Liquidation 1.23 0.25 1.21 0.88
After Tax Post-Liquidation 0.94 0.18 0.83 0.73
As of 06/30/2020
CUMULATIVE QUARTER END RETURNS
Returns YTD 1MO 3MO 6MO
NAV Total Returns (After Fees) 1.30 0.51 1.92 1.30
Market Price Returns 1.29 0.52 2.16 1.29
FTSE 3-Month Treasury Bill Index 0.52 0.01 0.14 0.52
Performance Difference (Fund NAV vs. Index) 0.78 0.50 1.78 0.78
Performance Difference (Fund Market Price vs. Index) 0.77 0.51 2.02 0.77
Standard Deviation - - - -
After Tax Pre-Liquidation 0.98 0.45 1.73 0.98
After Tax Post-Liquidation 0.77 0.30 1.14 0.77

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

As of 06/30/2020
market price above or equal to nav market price below nav
percent of difference NUMBER OF DAYS PERCENT OF TOTAL DAYS NUMBER OF DAYS PERCENT OF TOTAL DAYS
0 - 0.49% 17 26.98% 46 73.02%
0.5% - 0.99% 0 0.00% 0 0.00%
1.0% - 1.49% 0 0.00% 0 0.00%
1.5% - 1.99% 0 0.00% 0 0.00%
2.0% - 2.49% 0 0.00% 0 0.00%
2.5% - 2.99% 0 0.00% 0 0.00%
3.0% - 3.49% 0 0.00% 0 0.00%
3.5% - 3.99% 0 0.00% 0 0.00%
4.0% - 4.49% 0 0.00% 0 0.00%
4.5% - 4.99% 0 0.00% 0 0.00%
> = 5.00% 0 0.00% 0 0.00%
Total 17 26.98% 46 73.02%
As of 06/30/2020
Portfolio Composition - Sector Allocation: Market Value
sector FUND Fund ratio
US Government Related 16.01
Securitized 27.59
Invest. Grade Credit 57.97
High Yield Credit 0.00
Non-USD Developed 1.30
Emerging Markets 0.00
Other 1.55
Net Other Short Duration Instruments -4.42
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio
US Government Related 16.20
Securitized 4.92
Invest. Grade Credit 72.80
High Yield Credit 0.00
Non-USD Developed 1.48
Emerging Markets 0.00
Other 3.99
Net Other Short Duration Instruments 0.60
As of 06/30/2020
Portfolio Composition - Maturity Distribution
Years % of Fund
0-1 88.00
1-3 11.00
3-5 1.00
5-10 0.00
10-20 0.00
20+ 0.00
Effective Maturity (yrs) 0.53
As of 08/06/2020
Portfolio Composition - Credit Rating: S&P
Rating Fund% Fund percent
Government 11.03
AAA 7.29
AA+ 19.31
AA 0.81
AA- 2.43
A+ 2.78
A 4.91
A- 7.81
BBB+ 9.95
BBB 9.12
BBB- 4.90
BB- 0.87
A2 (Short Term) 1.42
Not Rated 17.36
As of 08/06/2020
Portfolio Composition - Credit Rating: Moody
Rating Fund% Fund percent
Government 11.03
Aaa 27.92
Aa1 1.45
Aa2 1.18
Aa3 0.79
A1 4.17
A2 5.50
A3 5.56
Baa1 6.26
Baa2 7.10
Baa3 7.27
Ba1 1.97
P1 (Short Term) 0.25
P2 (Short Term) 1.42
Not Rated 18.12
As of 08/06/2020
Portfolio Composition - Credit Rating: Fitch
Rating Fund% Fund percent
Government 11.03
AAA 23.16
AA 1.42
AA- 3.14
A+ 4.10
A 3.72
A- 3.32
BBB+ 3.49
BBB 6.00
BBB- 5.61
BB+ 1.74
F1+ (Short Term) 0.25
F1 (Short Term) 0.63
F3 (Short Term) 0.79
Not Rated 31.59

interest rate exposures

As of 07/31/2020
exposure FUND index
Effective Duration 0.54 0.23
Bull Market Duration 0.05 0.23
Bear Market Duration 0.47 0.23
Total Curve Duration 0.14 N/A

sector exposures

As of 07/31/2020
exposure FUND index
Mortgage Spread Duration 0.79 0.00
Corporate Spread Duration 0.49 0.00
Emerging Markets Spread Duration 0.04 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.
The SEC yield is an annualized yield based on the most recent 30 day period.
PIMCO calculates a Portfolio’s Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data. In general, the calculation will incorporate the yield based on the notional value of all derivative instruments held by a Fund.
Hypothetical Growth of $10,000 is calculated at NAV and assumes that all dividend and capital gain distributions were reinvested. It does not take into account sales charges or the effect of taxes. Results are not indicative of future performance.

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. 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.

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.
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 since inception premium/discount average is calculated by averaging the daily premium/discount since the inception of the fund. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using 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.
Exchange Traded Funds (“ETFs”) 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 an ETF are only accomplished through creation unit aggregations or “baskets” of shares. Shares of an ETF are bought and sold at market price (not net asset value (“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 brokerage commissions. 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
Credit quality ratings for each issue are obtained using ratings from Standard & Poor's (S&P), Moody's Investors Service, and Fitch Ratings. In the fund holdings, the credit rating for other net assets (liabilities) appears as “NL“, not rated securities are indicated as “NR” and U.S. Treasury, U.S. Agency, U.S. Agency mortgage-backed securities and other Sovereign (foreign or domestic) securities appear under “GOVT”. The credit quality of a particular security or group of securities does not ensure the stability or safety of the overall portfolio.
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.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. 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.

PIMCO Investments LLC , distributor, 1633 Broadway, New York, NY, 10019 is a company of PIMCO. ©2019, PIMCO.