OpenList — Active ETFs

PIMCO Advantage US Low Duration Corporate Bond UCITS ETF

Fixed Income · US · USD Corporate Bonds

Figures refer to the share class ISIN IE00BP9F2H18, currency USD, retail share class.

Fund documents

For the share class shown above.

Factsheet (PDF, 31.08.2026)KID (PDF, 21.09.2026)

Key facts

Management company
PIMCO Global Advisors (Ireland) Limited
Asset class
Fixed Income
Geography
US
Strategy
USD Corporate Bonds
Share class currency
USD
Share class inception
17.11.2014
Fund size
97 million (as at 14.09.2026)
Management fee
0.25%
Performance fee
No
Liquidity
Not available in this publication
UCITS
Yes
Risk grade (SRRI)
Not available in this publication
Registered in Switzerland
Yes

Price history

Fund and benchmark rebased to 100 at 30.09.2021.

909510010511011520222023202420252026112.892.2Fund (share class shown)Benchmark909510010511011520222023202420252026112.892.2Fund (share class shown)Benchmark
Table view
PeriodFromFund (100 at start)Benchmark (100 at start)
1Y03.10.202595.2101.5
3Y29.09.2023100.9116.1
5Y30.09.202192.2112.8
Since 201430.09.201695.4128.5

Exchange closing price of the ETF, not its NAV; distributions not reinvested.
The benchmark is a total-return index and includes reinvested income.
In USD, the currency of the share class shown.
Fund history to 29.09.2026.
Benchmark history to 29.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.

Performance against the benchmark

06YTD: Fund 0.81%YTD: US corporate bonds 0-5 years (tracker proxy) USD 1.42%YTD1Y: Fund 2.53%1Y: US corporate bonds 0-5 years (tracker proxy) USD 3.08%1Y3Y p.a.: Fund 5.32%3Y p.a.: US corporate bonds 0-5 years (tracker proxy) USD 5.30%3Y p.a.5Y p.a.: Fund 2.33%5Y p.a.: US corporate bonds 0-5 years (tracker proxy) USD 2.60%5Y p.a.2025: Fund 6.80%2025: US corporate bonds 0-5 years (tracker proxy) USD 6.28%20252024: Fund 4.90%2024: US corporate bonds 0-5 years (tracker proxy) USD 4.93%20242023: Fund 6.26%2023: US corporate bonds 0-5 years (tracker proxy) USD 5.98%2023Fund (share class shown)BenchmarkYTDYTD: Fund 0.81%0.81YTD: US corporate bonds 0-5 years (tracker proxy) USD 1.42%1.421Y1Y: Fund 2.53%2.531Y: US corporate bonds 0-5 years (tracker proxy) USD 3.08%3.083Y p.a.3Y p.a.: Fund 5.32%5.323Y p.a.: US corporate bonds 0-5 years (tracker proxy) USD 5.30%5.305Y p.a.5Y p.a.: Fund 2.33%2.335Y p.a.: US corporate bonds 0-5 years (tracker proxy) USD 2.60%2.6020252025: Fund 6.80%6.802025: US corporate bonds 0-5 years (tracker proxy) USD 6.28%6.2820242024: Fund 4.90%4.902024: US corporate bonds 0-5 years (tracker proxy) USD 4.93%4.9320232023: Fund 6.26%6.262023: US corporate bonds 0-5 years (tracker proxy) USD 5.98%5.98Fund (share class shown)Benchmark
1M3M6MYTD2025202420231Y3Y5YVolatilitySharpe R.Max DD
FundISIN IE00BP9F2H18, currency USD, retail share class0.320.27-0.170.816.804.906.262.535.322.332.610.26-1.43
BenchmarkUS corporate bonds 0-5 years (tracker proxy) USD0.310.450.531.426.284.935.983.085.302.601.950.34-0.68
Differencefund minus benchmark, in percentage points0.01-0.18-0.70-0.610.53-0.040.27-0.550.01-0.27–––

Within the list: OpenList — Active ETFs

Compared with the fixed income funds on OpenList — Active ETFs (11 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.

This fundGroup medianPosition
Return 1Y2.531.773 of 11
Return 3Y p.a.5.324.204 of 11
3Y p.a. over its own benchmark0.01-0.074 of 11
Volatility 3Y2.613.494 of 11
Sharpe ratio 3Y0.260.458 of 10 (1 without a value)
Max drawdown 3Y-1.43-2.292 of 10 (1 without a value)
Management fee0.25%0.19%8 of 11

Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.

Return against risk, 3 years

010Return 3Y p.a. (%)Volatility 3Y (%)07JPMorgan EUR 1-5 yr IG Corporate Bond Active UCITS ETF: volatility 2.17%, return 4.03% p.a.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% p.a.JPMorgan EUR IG Corporate Bond Active UCITS ETF: volatility 3.49%, return 4.14% p.a.BNP PARIBAS EASY II EUR Credit PAB Opportunities UCITS ETF: volatility 3.56%, return 4.20% p.a.JPMorgan USD IG Corporate Bond Active UCITS ETF: volatility 6.39%, return 5.02% p.a.JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF: volatility 4.99%, return 9.04% p.a.Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF: volatility 3.36%, return 3.98% p.a.Fidelity ESG USD EM Bond UCITS ETF: volatility 6.35%, return 7.88% p.a.Fidelity Global Corporate Bond Research Enhanced PAB UCITS ETF: volatility 6.52%, return 5.45% p.a.Franklin Euro Short Maturity UCITS ETF: volatility 0.47%, return 3.09% p.a.PIMCO Advantage US Low Duration Corporate Bond UCITS ETF: volatility 2.61%, return 5.32% p.a.This fund010Return 3Y p.a. (%)Volatility 3Y (%)07JPMorgan EUR 1-5 yr IG Corporate Bond Active UCITS ETF: volatility 2.17%, return 4.03% p.a.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% p.a.JPMorgan EUR IG Corporate Bond Active UCITS ETF: volatility 3.49%, return 4.14% p.a.BNP PARIBAS EASY II EUR Credit PAB Opportunities UCITS ETF: volatility 3.56%, return 4.20% p.a.JPMorgan USD IG Corporate Bond Active UCITS ETF: volatility 6.39%, return 5.02% p.a.JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF: volatility 4.99%, return 9.04% p.a.Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF: volatility 3.36%, return 3.98% p.a.Fidelity ESG USD EM Bond UCITS ETF: volatility 6.35%, return 7.88% p.a.Fidelity Global Corporate Bond Research Enhanced PAB UCITS ETF: volatility 6.52%, return 5.45% p.a.Franklin Euro Short Maturity UCITS ETF: volatility 0.47%, return 3.09% p.a.PIMCO Advantage US Low Duration Corporate Bond UCITS ETF: volatility 2.61%, return 5.32% p.a.This fund

WSP commentary

Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.

Investment rationale

This fund is a low-risk fixed income ETF designed to maximise total return while remaining consistent with prudent investment management. It is intended for investors seeking a basic fixed income allocation with less risk and volatility than a full maturity strategy, and the Key Information Document states a recommended holding period of 3 years. With a summary risk indicator of 2 out of 7 and a focus on low duration US investment grade corporate bonds, it can serve as a core short-duration credit holding within a portfolio. Its distinct profile comes from its active management, US dollar-denominated investment grade corporate bond focus, and target of keeping average portfolio duration within +/- 1 year of the ICE BofA US Corporate Bond 1-5 Year Index.

Investment strategy

The fund aims to maximise total return, consistent with prudent investment management. Under normal circumstances it invests at least 80% of assets in an actively managed diversified portfolio of USD-denominated investment grade corporate fixed income instruments, while allowing up to 5% of net asset value in non-investment grade securities. It may invest in emerging markets, hold non-USD denominated fixed income instruments and currency positions, and use derivatives such as futures, options and swaps; the average portfolio duration will normally remain within +/- 1 year of the ICE BofA US Corporate Bond 1-5 Year Index. The fund is actively managed in reference to that index for performance comparison, duration measurement and relative VaR global exposure calculations, and the USD Income share class distributes income quarterly; the recommended holding period is 3 years.

Investment philosophy

• The portfolio is built primarily from USD-denominated investment grade corporate fixed income instruments, with at least 80% of assets invested in this universe under normal circumstances and up to 5% of net asset value allowed in non-investment grade securities.

• PIMCO states that it applies its total return investment process and philosophy using both top-down and bottom-up strategies to identify multiple diversified sources of value and assess relative value across market environments.

• The fund may also invest in emerging markets, non-USD denominated fixed income instruments and currency positions, and may gain exposure through derivatives including futures, options and swaps rather than only through cash securities.

• Duration is a key portfolio control: average portfolio duration will normally remain within +/- 1 year of the ICE BofA US Corporate Bond 1-5 Year Index, and the fund is managed with low expected deviation from the index and low anticipated volatility of active return differences.

• Current positioning shown in the report is concentrated in investment grade credit at 58% of market value, with 66% of market value in 1-3 year maturities and 54% of duration-weighted exposure in the 1-3 year bucket; top industry exposures include banks, other financials, technology and utilities, while the largest duration contribution comes from the United States.

Management team

The named portfolio managers are Amit Arora, Jelle Brons and Saurabh Sud. The report identifies them as the portfolio management team for the fund as of 31 August 2026.

The asset manager

The management company is PIMCO Global Advisors (Ireland) Limited and the investment advisor is PIMCO LLC. The Key Information Document states that PIMCO Global Advisors (Ireland) Limited is a member of the PIMCO group and is authorised in Ireland and regulated by the Central Bank of Ireland. The fund is domiciled in Ireland as a UCITS sub-fund of PIMCO ETFs plc.

Strengths

The fund combines an active ETF structure with a specialised focus on US low duration investment grade corporate bonds. PIMCO highlights enhanced yield potential versus short-dated government bonds with similar drawdown risk, and attractive risk-adjusted returns for low duration US credit compared with the full maturity credit market over the long term. The vehicle carries a unified management fee of 0.25% per annum and distributes income quarterly. It is also categorised under SFDR Article 8 and promotes environmental and social characteristics through an exclusion strategy.

Risks

The Key Information Document classifies the fund in risk class 2 out of 7, indicating a low risk class, but it states that the product does not include protection from future market performance and investors could lose some or all of their investment. The documents name credit and default risk, interest rate risk and liquidity risk as key risks, which are directly linked to its corporate bond portfolio and fixed income duration exposure. Currency risk is also relevant because the fund may hold non-USD fixed income instruments and currency positions, and investors may receive payments in a different currency. Additional named risks include derivatives and counterparty risk, emerging markets risk, mortgage-related and other asset-backed securities risks, and ESG strategy risk, since ESG integration and exclusions may alter sector or investment exposure and cause performance to differ from similar funds that do not use such a strategy.

WSP report

Ask WSP which research is available for this fund and what it covers.

Enquire about WSP research

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Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.

This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative