ETF Evaluator:
PIMCO Enhanced Short Mtrty Actv ESG ETF (EMNT)
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(as of Sep 02)
Best Performing in Ultrashort Bond Over the Last Year
| 6.2% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 5.8% | Simplify Treasury Option Income ETF (BUCK) |
| 5.7% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 5.3% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.3% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
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ETF Details
PIMCO Enhanced Short Mtrty Actv ESG ETF Overview
PIMCO Enhanced Short Mtrty Actv ESG ETF (EMNT) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). PIMCO launched the ETF in 2019.
The investment seeks maximum current income, consistent with preservation of capital and daily liquidity, while incorporating PIMCO's ESG investment strategy.
The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards. It may avoid investment in the securities of issuers whose business practices with respect to the environment, social responsibility, and governance ("ESG practices") are not to PIMCO's satisfaction.
About PIMCO Enhanced Short Mtrty Actv ESG ETF (EMNT)
There are 3 members of the management team with an average tenure of 6.64 years: Jerome Schneider (2019), Jelle Brons (2019) and Nathan Chiaverini (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and FTSE Treasury Bill 3 Mon USD index with a weighting of 100%. PIMCO Enhanced Short Mtrty Actv ESG ETF has 250 securities in its portfolio. The top 10 holdings constitute 15.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
PIMCO Enhanced Short Mtrty Actv ESG ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. PIMCO Enhanced Short Mtrty Actv ESG ETF has 29.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 87.0% (57.4% domestic bond, 29.6% foreign bond and 0.0% convertible bond). PIMCO Enhanced Short Mtrty Actv ESG ETF has 13.0% of the portfolio in cash.
Assets Under Management
The fund has $211 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EMNT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PIMCO Enhanced Short Mtrty Actv ESG ETF expense ratio is below average compared to funds in the Ultrashort Bond category. PIMCO Enhanced Short Mtrty Actv ESG ETF has an expense ratio of 0.24%, which is 9% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PIMCO Enhanced Short Mtrty Actv ESG ETF has a portfolio turnover rate of 86%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, PIMCO Enhanced Short Mtrty Actv ESG ETF returned 0.3%, which earned it a grade of C, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
PIMCO Enhanced Short Mtrty Actv ESG ETF has a trailing yield of 3.93%, which is below the 4.07% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PIMCO Enhanced Short Mtrty Actv ESG ETF Grades
Year to date, the ETF has returned 2.3%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 4.3% over the past year (grade of B), 5.1% over the past three years (grade of C) and 3.6% per year over the past five years (grade of D).
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EMNT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EMNT Return (NAV) | 0.3% | 1.0% | 4.3% | 5.1% | 3.6% | na |
| EMNT Return (Price) | 0.4% | 1.1% | 4.3% | 5.2% | 3.6% | na |
| NAV +/- Price Return | -0.108% | -0.082% | -0.053% | -0.028% | -0.010% | na |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| EMNT Grade (NAV) | C | B | B | C | D | na |
| +/- Category (NAV) | 0.0% | 0.0% | 0.0% | -0.1% | -0.3% | na |
| EMNT Tax-Cost Ratio | na | na | 1.6% | 1.9% | 1.6% | na |
EMNT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EMNT Return (NAV) | 2.3% | 4.7% | 5.8% | 5.7% | -0.5% | 0.2% | 2.1% | na | na | na | na |
| EMNT Return (Price) | 2.4% | 4.7% | 5.8% | 5.8% | -0.6% | 0.2% | 2.1% | na | na | na | na |
| NAV +/- Price Ret | 0.041% | -0.001% | -0.004% | 0.024% | 0.245% | -0.101% | 0.000% | na | na | na | na |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| EMNT Grade (NAV) | B | C | C | C | F | B | A | na | na | na | na |
| +/- Category | 0.1% | -0.1% | 0.0% | -0.3% | -0.9% | -0.1% | 0.6% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.02 |
| R-Squared: | 41% |
| Standard Deviation: | 0.3% |
| Category Risk Index: | 0.49 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.02 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 3.9% |
| Total Assets: | $ 212 Mil |
| Share Class Assets: | $ 212 Mil |
| Turnover: | 86.0% |
| Expense Ratio: | 0.24% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.6 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Schneider Jerome (2019), Brons Jelle (2019), Chiaverini Nathan (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 250 |
| % in Top 10 Holdings: | 15.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 57.4% |
| Foreign Bond: | 29.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 13.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | PIMCO |
| Phone Number: | 888-400-4383 |
| Website: | www.pimcoetfs.com/fundinfo |
| Inception Date: | December 10, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.24% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.22% |
