PIMCO Advantage Emerging Markets Local Bond UCITS ETF (Acc)

Objectives The fund aims to provide the performance of the PIMCO Emerging Markets Advantage Local Currency Bond Index (the "Reference Index"). Investment Policy The Reference Index is a gross domestic product ("GDP") weighted benchmark for local emerging market government debt, subject to a maximum exposure of 15% per country. The particular countries and their weighting are determined annually. Qualifying countries must have a minimum average sovereign rating of BB- (with such ratings provided by recognised rating agencies). The fund invests a substantial portion of its assets in a diversified portfolio of emerging market local government debt. The fund will attempt to achieve its objectives by investing primarily in a range of non-USD denominated fixed income securities (which are similar to loans that pay a fixed or variable rate of interest). The fund may invest in "investment grade" and "non-investment grade" securities. "Investment grade" securities typically produce a lower level of income than "non-investment grade" securities and are also considered to be of lower risk. The fund will invest in emerging markets, which in investment terms are those economies that are still developing. Further details on the Reference Index are available from the Investment Advisor on request and on www.pimcoindex.com. The fund may invest directly in the constituents of the Reference Index or 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 passively managed (i.e. tracks the Reference Index). The ability of the Fund to invest in the constitutent securities of the Reference Index may be impacted by various factors including transaction costs and availability of constituent securities. Under normal market conditions, a high level of tracking error is not expected however the inability of the fund to gain exposur

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No