EMLI

Emerging Markets Advantage Local Bond Index UCITS ETF
Emerging Markets
category/asset class
3.67%
est. yield to maturity
As of 30/07/2020
$72.97
DAILY NAV
As of 30/07/2020
-4.92%
ytd return
As of 31/07/2020

EMLI

Emerging Markets Advantage Local Bond Index UCITS ETF

why invest in this fund

Attractive return potential and diversification benefits

Emerging local debt offers attractive yield levels which could enhance the return potential of investor portfolios. The asset class is a good diversifier for globally orientated investors.

tab 1 graph

Portfolio Information

5.65 Years
Effective Maturity
As of 31/07/2020
4.04 Years
Effective Duration
As of 31/07/2020
3.67%
est. yield to maturity
As of 30/07/2020
NONE
average quality
As of 30/07/2020

Fund Facts

FUND DESCRIPTION

The PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF aims to provide a return that closely corresponds, before fees and expenses, to the total return of the PIMCO Emerging Markets Advantage Local Currency Bond Index.

DAILY NAV PRICE
$72.97
As of 30/07/2020

Price

Trading Information


Trading Currency
USD


Exchange Ticker
EMLI

Settlement Period
T+2

Bloomberg ticker
EMLI LN

Trading Information


Trading Currency
USD


Exchange Ticker
EMLI

Settlement Period
T+2

Bloomberg ticker
EMLI SW

Trading Information


Trading Currency
EUR


Exchange Ticker
EMLI

Settlement Period
T+2

Bloomberg ticker
EMLI IM

BENCHMARK INFORMATION

PIMCO Emerging Markets Advantage Local Currency Bond Index

The PIMCO Emerging Markets Advantage Local Currency Bond Index tracks the performance of a GDP-weighted basket of emerging market local government bonds, currencies, or currency forwards, subject to a maximum exposure of 15% per country. Countries are selected, and their weights are determined, annually. Qualifying countries must have a minimum average sovereign rating of BB- (with such ratings provided by recognized rating agencies), represent greater than 0.3% of world GDP, designated as mid or low income based on Gross National Income per capita as published by the World Bank and have a liquid local bond or FX market. Countries whose internal or external borrowing is subject to EU or U.S. sanctions are not eligible for the Index. It is not possible to invest directly in an unmanaged index.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker EMAD

The fund is passively managed (i.e. tracks the PIMCO Emerging Markets Advantage Local Currency Bond Index (the "Index")).

BENCHMARK INFORMATION
Data point name Data point value

Security Information

As of 31/07/2020

General

ISIN IE00BH3X8336
AUM $357,198,659.43
Benchmark BBG Ticker EMAD
Number of Holdings 177
Base Currency USD
Launch Date 23 January 2014
Shares Outstanding 1,550,136
UK Reporting Status Yes
Registered for Distribution in Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Exchanges London Stock Exchange, SIX Swiss Exchange, Borsa Italiana
UCITS Yes
Dividend Treatment Monthly

Structure

Legal Form UCITS
Replication Method Physical
Domicile Ireland
Financial Year End 31 March
Equity Ratio (Tax Information for German Investors) 0.00
Use of Income Distributed

Key Service Providers

Issuer ETF Ireland
Manager PIMCO Europe Ltd
Fund Administrator State Street Fund Services (Ireland) Limited
Depository State Street Custodial Services (Ireland) Limited
Authorized Participants Bank of America Merrill Lynch, Bluefin, Commerzbank, Credit Suisse, Flow Traders, Goldenberg Hehmeyer, Goldman Sachs, JP Morgan, Jane Street, Morgan Stanley, Nomura International PLC, Unicredit, Virtu Financial

Top Ten Exposure

As of 31/07/2020

Top Ten Exposure table

Name Coupon Weight (%)
LETRA TESOURO NACIONAL 0.00 7.27
POLAND GOVERNMENT BOND 0.00 4.63
U S TREASURY BILLS 0.00 4.17
RUSSIA GOVT BOND - OFZ 7.50 4.06
PHILIPPINES (REP OF) GLBL SR UNSECURED 4.95 3.39
BRAZIL BD GLBL 10.25 2.99
INDONESIA GOVERNMENT 8.13 2.93
CASH MGMT BILL 0.00 2.74
SOUTH AFRICAN T-BILLS 0.00 2.58
MEX BONOS DESARR FIX RT 6.75 2.36

Fund Managers

fund manager Ismael Orenstein
Ismael Orenstein
Portfolio Manager, Emerging Markets
fund manager Michael Davidson
Michael Davidson
fund manager Pramol Dhawan
Pramol Dhawan
Head of Emerging Markets Portfolio Management
As of 31/07/2020

Fees and Expenses

Name Value
Management Fee 0.60%

Because the fund is an ETF, investors will typically only be able to buy or sell shares in the secondary market, on exchange. Authorized Participants who help in the creation or redemption of shares in the primary market, may face “create” or “redeem” fees (aka “entry” or “exit” fees) on the cash portion of the transaction (up to a maximum of 3.00%). These create and redeem fees are not applicable to secondary market investors. However, secondary market investors may incur brokerage and/or transaction fees in connection with their dealings. Secondary market investors may also bear the costs of bid-ask spreads; meaning the difference between the prices at which shares can be bought and sold.

Yields

3.67%
est. yield to maturity
As of 30/07/2020
3.63%
Current Yield
As of 30/07/2020
4.08%
distribution yield
As of 30/06/2020

Recent Distributions

As of 30/07/2020
Ex-Date
16/07/2020
Record Date
09/07/2020
Distribution Per Shares
0.2198
Currency
USD

Dividends

As of 30/07/2020
Distribution Date Dist. NAV ($) Dividend Income ($) Dist. Total ($)
16/07/2020 72.45 0.219808 0.219808
18/06/2020 71.85 0.280866 0.280866
14/05/2020 68.32 0.202097 0.202097
16/04/2020 67.50 0.171010 0.171010
19/03/2020 65.26 0.296455 0.296455
13/02/2020 77.94 0.294758 0.294758
16/01/2020 78.57 0.231787 0.231787
19/12/2019 77.86 0.310153 0.310153
15/11/2019 76.94 0.267576 0.267576
17/10/2019 77.14 0.260707 0.260707
19/09/2019 76.64 0.351772 0.351772
15/08/2019 75.74 0.335819 0.335819
18/07/2019 77.85 0.381434 0.381434
13/06/2019 75.38 0.317287 0.317287
16/05/2019 73.57 0.352542 0.352542
18/04/2019 75.18 0.375443 0.375443
14/03/2019 75.14 0.362483 0.362483
14/02/2019 74.80 0.409303 0.409303
17/01/2019 74.68 0.382995 0.382995
20/12/2018 73.19 0.385289 0.385289
15/11/2018 72.52 0.390592 0.390592
18/10/2018 72.93 0.360548 0.360548
13/09/2018 71.02 0.306034 0.306034
16/08/2018 72.94 0.329512 0.329512
19/07/2018 75.61 0.416423 0.416423
14/06/2018 77.29 0.347831 0.347831
17/05/2018 79.02 0.277534 0.277534
19/04/2018 83.68 0.383328 0.383328
15/03/2018 84.35 0.335071 0.335071
15/02/2018 85.57 0.336819 0.336819
18/01/2018 85.01 0.404778 0.404778
14/12/2017 81.95 0.320978 0.320978
16/11/2017 81.32 0.308682 0.308682
19/10/2017 83.55 0.374810 0.374810
14/09/2017 85.30 0.306755 0.306755
17/08/2017 83.91 0.426813 0.426813
20/07/2017 84.01 0.487507 0.487507
15/06/2017 82.95 0.419675 0.419675
18/05/2017 80.85 0.500976 0.500976
13/04/2017 82.34 0.392179 0.392179
16/03/2017 81.70 0.419142 0.419142
16/02/2017 80.68 0.412202 0.412202
19/01/2017 77.92 0.419383 0.419383
15/12/2016 77.66 0.357687 0.357687
17/11/2016 78.51 0.273259 0.273259
20/10/2016 84.34 0.368303 0.368303
15/09/2016 83.17 0.361675 0.361675
18/08/2016 84.96 0.413514 0.413514
14/07/2016 84.46 0.298877 0.298877
16/06/2016 81.73 0.266027 0.266027
19/05/2016 80.29 0.513849 0.513849
14/04/2016 82.64 0.533282 0.533282
17/03/2016 80.92 0.605218 0.605218
18/02/2016 75.68 0.691202 0.691202
14/01/2016 74.41 0.553252 0.553252
17/12/2015 76.47 0.598307 0.598307
19/11/2015 80.20 0.528448 0.528448
15/10/2015 80.98 0.368444 0.368444
17/09/2015 78.04 0.478732 0.478732
20/08/2015 80.16 0.465160 0.465160
16/07/2015 86.81 0.490989 0.490989
18/06/2015 87.80 0.491313 0.491313
14/05/2015 90.38 0.354879 0.354879
16/04/2015 90.45 0.297892 0.297892
19/03/2015 85.83 0.387015 0.387015
19/02/2015 89.02 0.500706 0.500706
15/01/2015 90.21 0.416193 0.416193
18/12/2014 89.31 0.374025 0.374025
20/11/2014 96.81 0.425835 0.425835
16/10/2014 99.08 0.341704 0.341704
17/09/2014 101.89 0.311149 0.311149
20/08/2014 103.96 0.322686 0.322686
16/07/2014 105.91 0.338747 0.338747
18/06/2014 104.75 0.284516 0.284516
14/05/2014 104.98 0.131842 0.131842
16/04/2014 102.51 0.198435 0.198435
19/03/2014 100.60 0.222426 0.222426
19/02/2014 99.89 0.126517 0.126517

Discrete Performance

As of 31/07/2020
ANNUALIZED RETURNS
Annual Returns
Jul `15 - Jul `16 Jul `16 - Jul `17 Jul `17 - Jul `18 Jul `18 - Jul `19 Jul `19 - Jul `20
Emerging Markets Advantage Local Bond Index UCITS ETF 6.98 6.77 -3.90 7.93 -2.47
PIMCO Emerging Markets Advantage Local Currency Bond Index 6.96 7.92 -3.55 9.79 -
Performance - Fund vs Index 0.02 -1.15 -0.35 -1.86 -
As of 30/06/2020
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio PIMCO Emerging Markets Advantage Local Currency Bond Index Index ratio
Government Related 11.67 8.00
Securitized 0.00 0.00
Invest. Grade Credit 0.00 0.00
High Yield Credit 0.00 0.00
Emerging Markets 78.56 92.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments 9.77 0.00
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio PIMCO Emerging Markets Advantage Local Currency Bond Index Index ratio
Government Related 14.53 13.00
Securitized 0.00 0.00
Invest. Grade Credit 0.00 0.00
High Yield Credit 0.00 0.00
Emerging Markets 85.88 87.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments -0.41 0.00
As of 30/06/2020
Portfolio Composition - Maturity Distribution
Years % of Fund % of PIMCO Emerging Markets Advantage Local Currency Bond Index
0-1 34.00 29.00
1-3 14.00 17.00
3-5 16.00 15.00
5-10 18.00 21.00
10-20 12.00 12.00
20+ 6.00 6.00
Effective Maturity (yrs) 5.91 -
As of 31/07/2020
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 10.46
Below A1/P1 2.94
AAA 0.00
AA 1.01
A 17.89
BAA 47.06
BB 20.65
B 0.00
Below B 0.00

interest rate exposures

As of 31/07/2020
exposure FUND index
Effective Duration 4.04 4.02
Bull Market Duration 4.10 4.07
Bear Market Duration 3.99 3.97
Total Curve Duration 0.03 N/A

sector exposures

As of 31/07/2020
exposure FUND index
Mortgage Spread Duration 0.00 0.00
Corporate Spread Duration 0.00 0.00
Emerging Markets Spread Duration 4.02 3.95

country exposure breakdown

DISCLOSURES

Important information


Your capital is at risk. You may not get back the amount you invested. Past performance is not a guarantee or reliable indicator of future results and no guarantee is being made that similar returns will be achieved in the future.  


The information on this Website is not intended as investment advice or as a recommendation to invest in any particular asset class, security or strategy. The information provided is for illustrative purposes only, and it should not be relied upon as investment advice or as a recommendation to buy or sell securities. Investors should seek independent professional advice prior to investing. Any investment in an ETF should be made on the basis of the relevant Prospectus and Key Investor Information Documents, including consideration of the investment objective, risks, charges and expenses. Further information on the ETFs, their Prospectus, Key Investor Information Documents and Supplements are available at ETF Fund Info or from your financial adviser or broker.  For actively managed ETFs, further information on the use of benchmarks or indices is set out in the Prospectus and relevant Supplement.

 

The distribution and the offering of ETFs in certain jurisdictions may be restricted by law. The information on this website does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. The information on this website is not for distribution to, or for the attention of, US or Canadian persons.

 

UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.

 

The information provided on this website does not constitute an offer of UCITS ETF in Switzerland pursuant to the Swiss Financial Services Act ("FinSA") and its implementing ordinance ("FinSO"), but the information on this website may be construed as an advertisement pursuant to the FinSA. The representative and paying agent for the sub-funds of PIMCO ETFs plc in Switzerland is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. The offering documents, articles of incorporation and annual and semi-annual reports may be obtained free of charge from the representative in Switzerland. The ETFs are domiciled in Ireland.

 

French language copies of the Sub-Fund's Prospectus, Key Investor Information Documents, articles of incorporation, latest annual and semi-annual Report & Accounts may be obtained from ETF Fund Info France


The information contained on this Website referred to the UCITS ETF Fund (the Sub-fund) of PIMCO Europe Ltd, a collective investment scheme duly registered with the Spanish Securities Market Commission (CNMV) under number 1360 (www.cnmv.es), where it may be consulted the updated list of the authorised distributors of the Company in Spain (the Spanish Distributors). The Spanish Distributors must provide to each investor, prior to subscribing the shares of the Sub-fund, a copy translated into Spanish of the simplified prospectus or KIID, when implemented, and the latest published economic report prior to subscribing shares. In addition, a copy of the report on the planned types of marketing in Spain must be provided using the form published on the CNMV website. The prospectus and the KIID (if applicable) and other legally required documents relating to the fund are available through the Spanish Distributors, in hard copy or by electronic means, and also available upon request by dialling +44 20 3640 1558, writing to iberia@pimco.com or consulting ETF Fund Info Spain where you may also obtain updated information on the net asset value of the relevant shares.


PIMCO Europe Ltd (Company No. 2604517) and PIMCO Europe Ltd - Italy (Company No. 07533910969) are authorised and regulated by the Financial Conduct Authority (12 Endeavour Square, London E20 1JN) in the UK. The Italy branch is additionally regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act. PIMCO Europe Ltd. services are available only to professional clients as defined in the Financial Conduct Authoritie´s Handbook and are not available to individual investors, who should not rely on this communication. | PIMCO Deutschland GmbH (Company No. 192083, Seidlstr. 24-24a, 80335 Munich, Germany), PIMCO Deutschland GmbH Italian Branch (Company No. 10005170963), and PIMCO Deutschland GmbH Spanish Branch (N.I.F. W2765338E) are authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) (Marie- Curie-Str. 24-28, 60439 Frankfurt am Main) in Germany in accordance with Section 32 of the German Banking Act (KWG). The Italian Branch, and Spanish Branch are additionally supervised by the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act, and the Comisión Nacional del Mercado de Valores (CNMV) in accordance with obligations stipulated in articles 168 and  203  to 224, as well as obligations contained in Tile V, Section I of the Law on the Securities Market (LSM) and in articles 111, 114 and 117 of Royal Decree 217/2008, respectively. The services provided by PIMCO Deutschland GmbH are available only to professional clients as defined in Section 67 para. 2 German Securities Trading Act (WpHG). They are not available to individual investors, who should not rely on this communication. PIMCO (Schweiz) GmbH (registered in Switzerland, Company No. CH020.4.038.582-2), Brandschenkestrasse 41, 8002 Zurich, Switzerland, Tel: + 41 44 512 49 10. The services provided by PIMCO (Schweiz) GmbH are not available to retail investors, who should not rely on this communication but contact their financial adviser. PIMCO provides services to qualified institutions and investors who fall within the category of professional client as defined in the FCA’s Handbook. PIMCO ETFs PLC is an umbrella type open ended investment company with variable capital and with segregated liability between Funds incorporated with limited liability under the laws of Ireland with registered number 489440. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. Copyright 2020, PIMCO.