PIMCO Advantage Global Government Bond UCITS ETF EUR Hdg (Acc)

Objectives The fund aims to maximize total return, consistent with prudent investment management. Investment Policy The fund invests in a diversified portfolio of fixed income instruments that are denominated in major world currencies. The average portfolio duration of the fund will normally vary within two years (plus or minus) of the Bloomberg Global Agg Treasury Index (the "Index"). The Index provides broad-based measure of the global government fixed income markets. The fund will seek to achieve returns in excess of the Index over the medium to long term after the deduction of all fees and expenses. The fund invests primarily in investment grade fixed income instruments issued by sovereign issuers, but may invest up to 10% of its total assets in fixed income instruments that are rated lower than Baa by Moody's or lower than BBB by S&P or equivalently rated by Fitch, but rated at least BB- by Moody's or S&P or equivalently rated by Fitch (or, if unrated, determined by the Investment Advisor to be of comparable quality) The fund may invest without limit in securities of issuers that are economically tied to countries with developing, or "emerging market" economies ("emerging market securities", which are described in further detail in the prospectus under the heading "Emerging Markets Securities").The fund may hold both non-USD denominated fixed income instruments and non-USD denominated currency positions. Non-USD currency exposure is limited to 20% of total assets. Therefore, movements in both non-USD denominated fixed income Instruments and non-USD denominated currencies can influence the fund's return. Currency hedging activities and currency positions will be implemented using spot and forward foreign exchange contracts and currency futures, options and swaps. The fund is considered to be actively managed in reference to the Index by virtue of the fact that it seeks to outperform the Index and the Index is used for duration measurement, calculating th

Gestione attiva

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No