PIMCO Euro Short Maturity UCITS ETF
Fixed Income · Europe · Short-Term Bonds
Figures refer to the share class ISIN IE00BVZ6SP04, currency EUR.
Recent performance
The EUR class returned +2.06% over one year to 2026-09-30. The benchmark (ICE BofA 3Mo German Treasury Bill TR EUR) returned +2.06%, a difference of -0.00 percentage points. Over the final three months, the fund returned +0.40%.
Key facts
- Associated firm
- PIMCO Global Advisors (Ireland) Limited
- Asset class
- Fixed Income
- Geography
- Europe
- Strategy
- Short-Term Bonds
- Share class currency
- EUR
- Share class inception
- 30.04.2015
- Fund size
- 1683 million (as at 14.09.2026)
- Management fee
- 0.19%
- Performance fee
- No
- UCITS
- Yes
- Registered in Switzerland
- Yes
Performance in context
Growth from the same starting value
Fund · Benchmark: ICE BofA 3Mo German Treasury Bill TR EUR
Exact chart values
| Month | Fund | Benchmark: ICE BofA 3Mo German Treasury Bill TR EUR |
|---|---|---|
| 2023-10 | 100.00 | 100.00 |
| 2023-11 | 100.52 | 100.33 |
| 2023-12 | 100.97 | 100.64 |
| 2024-01 | 101.41 | 101.00 |
| 2024-02 | 101.81 | 101.32 |
| 2024-03 | 102.24 | 101.63 |
| 2024-04 | 102.61 | 101.99 |
| 2024-05 | 103.02 | 102.34 |
| 2024-06 | 103.31 | 102.64 |
| 2024-07 | 103.75 | 102.98 |
| 2024-08 | 104.11 | 103.30 |
| 2024-09 | 104.40 | 103.61 |
| 2024-10 | 104.75 | 103.91 |
| 2024-11 | 105.02 | 104.18 |
| 2024-12 | 105.33 | 104.46 |
| 2025-01 | 105.72 | 104.73 |
| 2025-02 | 106.06 | 104.95 |
| 2025-03 | 106.22 | 105.17 |
| 2025-04 | 106.42 | 105.38 |
| 2025-05 | 106.70 | 105.57 |
| 2025-06 | 106.98 | 105.76 |
| 2025-07 | 107.28 | 105.93 |
| 2025-08 | 107.51 | 106.09 |
| 2025-09 | 107.72 | 106.28 |
| 2025-10 | 107.99 | 106.45 |
| 2025-11 | 108.15 | 106.61 |
| 2025-12 | 108.33 | 106.80 |
| 2026-01 | 108.63 | 106.97 |
| 2026-02 | 108.89 | 107.13 |
| 2026-03 | 108.60 | 107.32 |
| 2026-04 | 108.94 | 107.49 |
| 2026-05 | 109.28 | 107.66 |
| 2026-06 | 109.50 | 107.85 |
| 2026-07 | 109.67 | 108.06 |
| 2026-08 | 109.92 | 108.26 |
| 2026-09 | 109.94 | 108.47 |
Growth of 100 · EUR total returns. Monthly observations, income reinvested.
Fund valuations: 2023-10-31 to 2026-09-30. Comparison valuations: 2023-10-31 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Figures as of 30.09.2026. Calendar-year returns cover the years shown.
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE00BVZ6SP04, currency EUR | 0.02 | 0.40 | 1.23 | 1.48 | 2.85 | 4.32 | 4.01 | 2.06 | 3.33 | 2.00 | 0.48 | 1.45 | -0.27 |
| BenchmarkICE BofA 3Mo German Treasury Bill TR EUR | 0.19 | 0.57 | 1.07 | 1.56 | 2.24 | 3.80 | 3.28 | 2.06 | 2.87 | 2.13 | – | – | – |
| Differencefund minus benchmark, in percentage points | -0.18 | -0.17 | 0.16 | -0.08 | 0.61 | 0.53 | 0.73 | -0.00 | 0.46 | -0.13 | – | – | – |
Reporting dates by figure
- IE00BVZ6SP04 — 30.09.2026: 1M, 3M, 6M, YTD, 1Y, 3Y, 5Y, Volatility, Sharpe R., Max DD, Benchmark 1M, Benchmark 3M, Benchmark 6M, Benchmark YTD, Benchmark 1Y, Benchmark 3Y, Benchmark 5Y; 31.12.2025: 2025, Benchmark 2025; 31.12.2024: 2024, Benchmark 2024; 31.12.2023: 2023, Benchmark 2023
Has the advantage depended on the entry date?
The fund finished ahead in 23 of 24 overlapping one-year windows ending 2024-10 to 2026-09. These windows overlap; this is historical frequency, not a forecast probability.
Rolling one-year relative wealth
Exact chart values
| Month | Rolling one-year relative wealth |
|---|---|
| 2024-10 | 0.81 |
| 2024-11 | 0.61 |
| 2024-12 | 0.51 |
| 2025-01 | 0.55 |
| 2025-02 | 0.58 |
| 2025-03 | 0.39 |
| 2025-04 | 0.37 |
| 2025-05 | 0.40 |
| 2025-06 | 0.49 |
| 2025-07 | 0.52 |
| 2025-08 | 0.54 |
| 2025-09 | 0.60 |
| 2025-10 | 0.63 |
| 2025-11 | 0.63 |
| 2025-12 | 0.59 |
| 2026-01 | 0.59 |
| 2026-02 | 0.57 |
| 2026-03 | 0.20 |
| 2026-04 | 0.36 |
| 2026-05 | 0.44 |
| 2026-06 | 0.37 |
| 2026-07 | 0.22 |
| 2026-08 | 0.20 |
| 2026-09 | -0.00 |
Relative wealth = (1 + fund return) ÷ (1 + benchmark return) − 1. It differs from subtracting percentage returns.
How far below its previous high?
Fund · Benchmark: ICE BofA 3Mo German Treasury Bill TR EUR
Exact chart values
| Month | Fund | Benchmark: ICE BofA 3Mo German Treasury Bill TR EUR |
|---|---|---|
| 2023-10 | 0.00 | 0.00 |
| 2023-11 | 0.00 | 0.00 |
| 2023-12 | 0.00 | 0.00 |
| 2024-01 | 0.00 | 0.00 |
| 2024-02 | 0.00 | 0.00 |
| 2024-03 | 0.00 | 0.00 |
| 2024-04 | 0.00 | 0.00 |
| 2024-05 | 0.00 | 0.00 |
| 2024-06 | 0.00 | 0.00 |
| 2024-07 | 0.00 | 0.00 |
| 2024-08 | 0.00 | 0.00 |
| 2024-09 | 0.00 | 0.00 |
| 2024-10 | 0.00 | 0.00 |
| 2024-11 | 0.00 | 0.00 |
| 2024-12 | 0.00 | 0.00 |
| 2025-01 | 0.00 | 0.00 |
| 2025-02 | 0.00 | 0.00 |
| 2025-03 | 0.00 | 0.00 |
| 2025-04 | 0.00 | 0.00 |
| 2025-05 | 0.00 | 0.00 |
| 2025-06 | 0.00 | 0.00 |
| 2025-07 | 0.00 | 0.00 |
| 2025-08 | 0.00 | 0.00 |
| 2025-09 | 0.00 | 0.00 |
| 2025-10 | 0.00 | 0.00 |
| 2025-11 | 0.00 | 0.00 |
| 2025-12 | 0.00 | 0.00 |
| 2026-01 | 0.00 | 0.00 |
| 2026-02 | 0.00 | 0.00 |
| 2026-03 | -0.27 | 0.00 |
| 2026-04 | 0.00 | 0.00 |
| 2026-05 | 0.00 | 0.00 |
| 2026-06 | 0.00 | 0.00 |
| 2026-07 | 0.00 | 0.00 |
| 2026-08 | 0.00 | 0.00 |
| 2026-09 | 0.00 | 0.00 |
Deepest month-end decline for this class: -0.27%.
2023-10-31 to 2026-09-30 · EUR total returns. Declines are measured against the highest month-end value within this window. Intra-month falls are not shown; this is not daily maximum drawdown.
Where did the gains and setbacks occur?
Fund return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.52 | +0.45 |
| 2024 | +0.43 | +0.39 | +0.43 | +0.36 | +0.40 | +0.29 | +0.42 | +0.34 | +0.27 | +0.34 | +0.25 | +0.30 |
| 2025 | +0.37 | +0.32 | +0.15 | +0.18 | +0.27 | +0.26 | +0.28 | +0.22 | +0.20 | +0.24 | +0.16 | +0.16 |
| 2026 | +0.27 | +0.24 | -0.27 | +0.31 | +0.32 | +0.20 | +0.16 | +0.23 | +0.02 | — | — | — |
Benchmark return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.33 | +0.31 |
| 2024 | +0.36 | +0.32 | +0.30 | +0.36 | +0.34 | +0.29 | +0.34 | +0.31 | +0.31 | +0.29 | +0.26 | +0.27 |
| 2025 | +0.25 | +0.21 | +0.22 | +0.20 | +0.18 | +0.17 | +0.17 | +0.16 | +0.17 | +0.17 | +0.15 | +0.18 |
| 2026 | +0.16 | +0.15 | +0.17 | +0.16 | +0.16 | +0.18 | +0.19 | +0.19 | +0.19 | — | — | — |
Fund minus benchmark · percentage points
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.19 | +0.13 |
| 2024 | +0.08 | +0.08 | +0.13 | +0.00 | +0.06 | -0.01 | +0.09 | +0.04 | -0.03 | +0.05 | -0.00 | +0.03 |
| 2025 | +0.12 | +0.11 | -0.06 | -0.01 | +0.09 | +0.08 | +0.12 | +0.06 | +0.02 | +0.08 | +0.01 | -0.01 |
| 2026 | +0.11 | +0.09 | -0.44 | +0.15 | +0.16 | +0.02 | -0.03 | +0.04 | -0.18 | — | — | — |
Green: positive; red: negative. Grey cells are outside the displayed history. Month-end observations; no missing month is filled or interpolated.
Fund valuations: 2023-10-31 to 2026-09-30. Comparison valuations: 2023-10-31 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
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.
Performance and risk figures as of 30.09.2026.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 2.06 | 0.17 | 1 of 11 |
| Return 3Y p.a. | 3.33 | 3.98 | 9 of 10 |
| 3Y p.a. over its own benchmark | 0.46 | -0.06 | 2 of 10 |
| Volatility 3Y | 0.48 | 3.49 | 1 of 11 |
| Sharpe ratio 3Y | 1.45 | 0.34 | 1 of 11 |
| Max drawdown 3Y | -0.27 | -2.61 | 2 of 10 |
| Management fee | 0.19% | 0.19% | 3 of 7 |
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. Only figures with the same reporting date are compared.
Return against risk, 3 years
Price history
Fund rebased to 100 at 30.10.2023; benchmark rebased to 100 at 31.10.2023.
Table view
| Period | From | Fund (100 at start) | Benchmark from | Benchmark (100 at start) |
|---|---|---|---|---|
| 1Y | 31.10.2025 | 101.9 | 31.10.2025 | 101.9 |
| Since 2023 | 30.10.2023 | 110.0 | 31.10.2023 | 108.5 |
Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Comparison: Compounded cash-rate comparison.
Assigned benchmark: ICE BofA 3Mo German Treasury Bill TR EUR. The comparison shows a compounded cash rate.
Fund history to 28.10.2026.
Benchmark history to 30.09.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Fund documents
Check the share class and reporting date in each document.
Factsheet (PDF, 31.08.2026)KID (PDF, 21.09.2026)Chart methodology
Charts use dated total-return observations, including reinvested income. Each calendar month uses the last available observation. Fund and comparison valuation dates may differ. Month-end drawdowns exclude falls within a month. Past performance does not predict future returns.
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Active ETFs
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.
– means not applicable.
Reporting dates are shown above the figures; exceptions are dated individually.
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
How this fund works
Investment rationale
PIMCO Euro Short Maturity UCITS ETF is a short-term euro fixed income ETF intended to generate income while preserving and increasing capital. It has a risk indicator of 1 out of 7 and a recommended holding period of 1 year, which positions it as a low-risk short-duration bond allocation. Typical investors are those looking for a basic fixed income investment with a minimal amount of risk and volatility. Its distinct role is to offer EUR-denominated investment grade short-maturity bond exposure, with portfolio duration managed within 0-1 years and the potential for greater income and total return than traditional money market funds.
2026-08-31
How the strategy works
The fund aims to generate income while preserving and growing or increasing the amount originally invested. It invests primarily in an actively managed diversified portfolio of euro-denominated fixed income securities, including government bonds, securities issued or guaranteed by governments and their agencies or instrumentalities, corporate debt securities, and mortgage- or other asset-backed securities; it invests only in investment grade securities. The weighted average maturity is not expected to exceed 3 years, average portfolio duration will be up to one year based on the Investment Adviser’s interest-rate forecast, and portfolio duration may vary between 0-1 years; up to one third of assets may be invested in non-euro currency positions and non-euro fixed income securities, generally hedged back to euro. The fund may use purchase and sale contracts, buy-backs, forwards, forward-settling contracts, swaps, futures and other derivatives, and it references the ICE BofA 3-Month German Treasury Bill Index for performance comparison only rather than portfolio construction or as a target. The EUR Accumulation share class reinvests income, while the income share class distributes monthly, and the recommended holding period is 1 year.
2026-08-31
Investment philosophy
• The portfolio is built primarily from EUR-denominated investment grade fixed income instruments, including government-related bonds, corporate debt, mortgage-backed securities and other asset-backed securities, with a short-maturity focus.
• The fund is actively managed and seeks income with capital preservation by managing weighted average maturity to no more than 3 years and average portfolio duration to up to 1 year; portfolio duration may vary between 0-1 years.
• The fund can hold up to one third of assets in non-euro currency positions and non-euro fixed income securities, with those securities generally hedged back to euro.
• Portfolio implementation may use purchase and sale contracts, buy-backs, forwards, forward-settling contracts, swaps, futures and other derivatives to obtain market exposure or manage the portfolio.
• Sector allocation by gross market value as of 31 August 2026 was Investment Grade Credit 43%, Government Related 24%, ABS 20%, Non US RMBS 11%, Agency MBS 1% and Cash & Cash Equivalents 1%. Weights were zero for CMBS, Non-Agency MBS, High Yield Credit, Bank Loan, Emerging Markets and Other.
2026-08-31
Management team
The named portfolio managers are Konstantin Veit and Vasi Ardelean.
2026-08-31
Distinctive features
The fund combines a short-duration euro bond mandate with active management in ETF format and daily published holdings. PIMCO highlights the potential for a yield premium and total return over traditional cash investments because the strategy can hold longer maturity bonds and invest across a broad universe of investment-grade securities. The ETF structure is listed on multiple exchanges including Deutsche Börse (Xetra), SIX Swiss Exchange and Borsa Italiana, and the fund has both accumulation and income share classes. The unified management fee is 0.19% per annum, inclusive of a 0.16% fee waiver in place until 1 October 2029.
2026-08-31
Risks
The fund has a summary risk indicator of 1 out of 7, and investors could lose some or all of their investment. Risks include credit and default risk, interest-rate risk, fixed income risk, derivatives risk, counterparty risk, mortgage- and asset-backed securities risk, liquidity risk, inflation risk, issuer risk and currency risk. These risks arise from the fund’s investments in fixed income instruments, including government, corporate, mortgage-backed and other asset-backed securities, as well as its use of forwards, futures, swaps and other derivatives and its ability to hold up to one third in non-euro positions. The Article 8 exclusion strategy may alter sector or investment exposure and cause performance to differ from similar funds that do not use an ESG investing strategy, while future ESG regulation and due-diligence or reporting costs may also affect implementation.
2026-08-31
Asset manager
The management company is PIMCO Global Advisors (Ireland) Limited, a member of the PIMCO group and authorised in Ireland. The investment advisor is PIMCO Europe Ltd. The fund itself is a sub-fund of PIMCO ETFs plc, domiciled in Ireland and authorised by the Central Bank of Ireland as a UCITS.
2026-08-31