(LDUR) PIMCO Enhanced Low Duration - Ratings and Ratios

LDUR is a U.S.-based short‑term bond ETF focused on a low‑duration, actively managed portfolio of investment‑grade fixed‑income securities, targeting a weighted‑average duration under two years to limit interest‑rate exposure.

Key performance indicators: the fund trades near its 52‑week high at $96.18, with a 20‑day simple moving average of $95.73 and a 200‑day average of $93.84, indicating modest upward momentum. Its beta of 0.21 confirms low volatility relative to the broader market. The average true range of 0.16 points (≈0.17%) reflects tight price swings, consistent with short‑duration assets.

Asset size stands at $904 million, providing sufficient scale for liquidity while keeping the average daily volume around 24,400 shares, adequate for institutional execution but modest for high‑frequency traders.

Macro drivers: the fund’s performance hinges on Federal Reserve policy rates, inflation trends, and the shape of the short end of the yield curve. A flattening or inverted curve can compress spreads, benefitting low‑duration holdings, whereas aggressive rate hikes increase the cost of borrowing and may pressure credit spreads.

Operational metrics: expense ratio is approximately 0.35%, competitive for an actively managed short‑term bond ETF. Turnover typically exceeds 200% annually, reflecting the manager’s active positioning in response to shifting credit spreads and liquidity conditions. Distribution yield hovers near 2.5% annually, paid monthly, offering income stability for cash‑management investors.

Credit profile: the portfolio maintains an average credit rating of A‑ or higher, with sector allocation heavily weighted toward government‑related securities, high‑quality corporates, and asset‑backed securities, limiting default risk while preserving yield.

Risk considerations: duration risk is minimal, but credit spread widening in a tightening monetary environment could erode returns. Monitoring the Fed’s policy outlook, CPI releases, and corporate earnings quality is essential for anticipating spread movements.