OpenList — Active ETFs

PIMCO Euro Short Maturity UCITS ETF

Fixed Income · Europe · Short-Term Bonds

Figures refer to the share class ISIN IE00BVZ6SP04, currency EUR, 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
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
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 08.12.2023.

100102104106108202420252026107.6109.4Fund (share class shown)Benchmark100102104106108202420252026107.6109.4Fund (share class shown)Benchmark
Table view
PeriodFromFund (100 at start)Benchmark (100 at start)
1Y02.10.2025102.1102.0
3Y08.12.2023109.4107.6
5Y08.12.2023109.4107.6
Since 201821.10.2019109.8109.8

Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Fund history to 28.09.2026.
Benchmark history to 28.09.2026.
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

04YTD: Fund 1.45%YTD: ICE BofA 3Mo German Treasury Bill TR EUR 1.35%YTD1Y: Fund 2.26%1Y: ICE BofA 3Mo German Treasury Bill TR EUR 2.00%1Y3Y p.a.: Fund 3.44%3Y p.a.: ICE BofA 3Mo German Treasury Bill TR EUR 2.86%3Y p.a.5Y p.a.: Fund 1.97%5Y p.a.: ICE BofA 3Mo German Treasury Bill TR EUR 2.06%5Y p.a.2025: Fund 2.95%2025: ICE BofA 3Mo German Treasury Bill TR EUR 2.20%20252024: Fund 4.32%2024: ICE BofA 3Mo German Treasury Bill TR EUR 3.72%20242023: Fund 4.01%2023: ICE BofA 3Mo German Treasury Bill TR EUR 3.26%2023Fund (share class shown)BenchmarkYTDYTD: Fund 1.45%1.45YTD: ICE BofA 3Mo German Treasury Bill TR EUR 1.35%1.351Y1Y: Fund 2.26%2.261Y: ICE BofA 3Mo German Treasury Bill TR EUR 2.00%2.003Y p.a.3Y p.a.: Fund 3.44%3.443Y p.a.: ICE BofA 3Mo German Treasury Bill TR EUR 2.86%2.865Y p.a.5Y p.a.: Fund 1.97%1.975Y p.a.: ICE BofA 3Mo German Treasury Bill TR EUR 2.06%2.0620252025: Fund 2.95%2.952025: ICE BofA 3Mo German Treasury Bill TR EUR 2.20%2.2020242024: Fund 4.32%4.322024: ICE BofA 3Mo German Treasury Bill TR EUR 3.72%3.7220232023: Fund 4.01%4.012023: ICE BofA 3Mo German Treasury Bill TR EUR 3.26%3.26Fund (share class shown)Benchmark
1M3M6MYTD2025202420231Y3Y5YVolatilitySharpe R.Max DD
FundISIN IE00BVZ6SP04, currency EUR, retail share class0.220.650.931.452.954.324.012.263.441.971.820.58-1.61
BenchmarkICE BofA 3Mo German Treasury Bill TR EUR0.190.541.031.352.203.723.262.002.862.06–––
Differencefund minus benchmark, in percentage points0.040.11-0.100.100.740.600.750.260.58-0.08–––

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 1Y2.261.774 of 11
Return 3Y p.a.3.444.2010 of 11
3Y p.a. over its own benchmark0.58-0.072 of 11
Volatility 3Y1.823.492 of 11
Sharpe ratio 3Y0.580.453 of 10 (1 without a value)
Max drawdown 3Y-1.61-2.293 of 10 (1 without a value)
Management fee0.19%0.19%3 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.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.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% 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.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.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% 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

PIMCO Euro Short Maturity UCITS ETF is a short-term euro fixed income ETF intended to generate income while preserving and increasing capital. It is classified in the Key Information Document as risk class 1 out of 7 and has a recommended holding period of 1 year, which positions it as a low-risk short-duration bond allocation. The document says 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.

Investment strategy

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 factsheet 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.

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; the factsheet also states 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.

• Current sector allocation by gross market value is led by Investment Grade Credit at 43%, followed by Agency MBS at 24%, Government Related at 20%, ABS at 11%, Other at 1% and Cash & Cash Equivalents at 1%, with zero weights shown for CMBS, Non US RMBS, Non-Agency MBS, High Yield Credit, Bank Loan and Emerging Markets.

Management team

The named portfolio managers are Konstantin Veit and Vasi Ardelean. The documents identify them in the key facts section as the portfolio managers for the fund.

The asset manager

The management company is PIMCO Global Advisors (Ireland) Limited, which is identified as a member of the PIMCO group and is 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.

Strengths

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.

Risks

The Key Information Document classifies the fund as 1 out of 7 on the summary risk indicator, while also stating that investors could lose some or all of their investment. The documents name 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 ESG section adds that 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.

WSP report

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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.
– 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