PIMCO Covered Bond UCITS ETF

Objectives The fund aims to generate income while preserving and increasing the amount originally invested. Investment Policy The fund will seek to achieve its investment objective by primarily investing in an actively managed portfolio of fixed income securities (which are similar to loans that pay a fixed or variable rate of interest) of which at least 80% will be invested in covered bonds in accordance with the policies set out below. Covered bonds are securities issued by a financial institution and backed by a group of loans residing on the balance sheet of the financial institution known as the "cover pool". The assets in the pools can consist of high quality private mortgage loans or public sector loans or a mix of the two. The fund may also invest in fixed income securities which are not covered bonds issued by corporates (excluding financials) which are "investment grade". "Investment grade" securities typically produce a lower level of income than "non-investment grade" securities and they are also considered to be of lower risk. The fund may hold Euro and non-Euro denominated fixed income securities and denominated currency positions. The fund may invest in derivative instruments (such as futures, options and swaps) rather than directly in the underlying securities themselves. The derivatives return is linked to movements in the underlying assets. The fund is an active ETF and will aim to meet its objectives and investment policy as outlined above and as further described in the prospectus. The fund will promote environmental characteristics through active engagement with companies and issuers and exclusion screening as further detailed in the Supplement to the Prospectus entitled "Promotion of Environmental Characteristics". The fund is considered to be actively managed in reference to the Index by virtue of the fact that the Bloomberg Euro Aggregate Covered 3% Cap Index (the ""Index"") is used for duration measurement and for performance comparison purp

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No