PIMCO Advantage Euro Government Bond UCITS ETF (Acc)

Objectives The fund aims to maximize total return, consistent with prudent investment management. Investment Policy The fund invests in a diversified portfolio of EUR-denominated fixed income instruments of varying maturities. The average portfolio duration of the fund will normally vary within two years (plus or minus) of the Bloomberg Euro Agg Treasury Index (the "Index"). The Index provides a broad-based measure of the Euro 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 EUR-denominated 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 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 the global exposure of the fund using the relative VaR methodology and for performance comparison purposes. While the fund is actively managed, due to the investment universe represented by the Index and the intended investment universe of the fund (as selected in accordance with the investment advisor's investment strategy), deviation from the Index is expected to be limited, whereby volatility of the difference between the return of the fund and the return of the Index is anticipated to be low. The fund's securities may be components of any may have similar weightings to the Index. However, the Index is not used to define the portfolio composition of the fund and the fund may be wholly invested in securities which are not constituents of the In

Gestione attiva

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No