Investment Strategies

PIMCO MINT: 10 Years of Active Bond ETF Leadership

Portfolio Manager Jerome Schneider explains what has fueled the strategy for a decade – and how he’s building resiliency in the face of volatility.

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Text on screen: MINT, PIMCO Enhanced Short Maturity Active ETF

Jerome Schneider, Head of Short-term portfolio management: Over the past decade investors have learned to utilize MINT

Shot of glass globe with plaque that reads “NYSE Euronext PIMCO Enhanced Short Maturity Fund MINT, November 17th 2009”

Shot of Jerome Schneider working.

and its actively managed approach as a tool for capital preservation while seeking income along the way. 

Shots of PIMCO employees working.

The combination of liquidity management, our proactive views of how to manage volatility, and most importantly, diversification and approaches to credit-sensitive markets, has allowed us to create a resilient strategy in the actively managed ETF space.

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Whether it was periods of stress right after the financial crisis, the European banking crisis, or the oil repricing,

Shot of outside the European Central Bank building and a large ship moving towards and oil rig.

we've seen MINT able to pivot and find opportunities that passive strategies simply couldn't take advantage of over that point in time.

Text on screen: MINT 10 year Anniversary Active ETFS

Disclosure


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 and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative or by visiting pimco.com. Please read them carefully before you invest.

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 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 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 conditions. Investments may be worth more or less than the original cost when redeemed. 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. Premiums (when market price is above NAV) or discounts (when market price is below NAV) reflect 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 discount or premium could be significant. Data in chart format displaying the frequency distribution of discounts and premiums of the Market Price against the NAV can be found for each Fund at pimcoetfs.com.

Past performance is not a guarantee or a reliable indicator of future results. A word about risk: All investments contain risk and may lose value. 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. Investors should consult their investment professional prior to making an investment decision. Management risk is the risk that the investment techniques and risk analyses applied by the investment manager will not produce the desired results, and that certain policies or developments may affect the investment techniques available to the manager in connection with managing the strategy.

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 opinions of the manager and such opinions are subject to change without notice. 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. 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. ©2019, PIMCO.

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

CMR2019-1011-418779

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