EMNTPIMCO Enhanced Short Maturity Active ESG ETF
EMNT Fund Description
EMNT is an actively managed fund that seeks greater income and total return potential than money market funds by investing in short-term debt securities with an ESG screen.
EMNT Factset Analytics Insight
EMNT is looking to add to PIMCOs success in the space. Their product, MINT, launched at a time when investors were looking for alternatives to money market funds. As ESG seems to be becoming more of a priority for many, the launch makes sense. EMNT is actively managed and seeks to provide higher current income than the average money market mutual fund by holding a hodgepodge of high-quality and ultra-short term USD-denominated debt issued by domestic or foreign issuers. EMNT looks to avoid investment in securities of issuers whose business practices with respect to the environment, social responsibility and governance practices are not up to satisfaction with PIMCO’s proprietary assessments. PIMCO may engage with issuers whose ESG practices are considered suboptimal with the expectation practices may improve through the engagement. The fund, which aims to keep the average duration under 1 year and seeks to maintain a dollar-weighted average less than 3 years, holds investment grade securities. Aside from US-based debt, investors are also exposed to US dollar-denominated securities from developed countries and emerging markets.
EMNT MSCI ESG Analytics Insight
PIMCO Enhanced Short Maturity Active ESG ETF has an MSCI ESG Fund Rating of AA based on a score of 7.92 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PIMCO Enhanced Short Maturity Active ESG ETF ranks in the 93th percentile within its peer group and in the 97th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
EMNT Summary Data
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EMNT Portfolio Management
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EMNT Fund Structure
EMNT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EMNT. EMNT is rated a N/A out of 5.