Key Highlights

  • The fund aims for maximum total return from Australian dollar fixed interest Assets while preserving capital.
  • The management fee is 0.36%, and the listed annual Yield is 4.67%.
  • The fund offers daily liquidity, according to its stated objective.
  • The listing does not show a breakdown of holdings or sector weightings.

PIMCO Short Term Active Yield Active ETF (ASX:EARN) is an actively managed fund that invests predominantly in fixed interest assets denominated in Australian dollars. The units were listed at $19.95, and the management fee is 0.36%. The fund was admitted to the ASX on 15 October 2025, and its stated aims are to achieve maximum total return, provide daily Liquidity and preserve Capital through prudent management.

Ticker

ASX:EARN

Listed price

$19.95

Management fee

0.36%

Listed annual yield

4.67%

Benchmark

RBA Cash Rate AUD

Admitted to ASX

15 October 2025

Investment approach

The fund's objective is to achieve maximum total return by investing in fixed interest assets predominantly in Australian dollars. It aims to provide daily liquidity and to preserve capital through prudent Investment management. Its category, Australian Short Term Fixed Interest, reflects a portfolio of securities with a short overall maturity.

The listing does not show the holdings, the top positions or the sector weightings, so the fund's make-up cannot be described in detail from the listing alone.

Income and costs

The management fee is 0.36%, and the listed annual yield is 4.67%. Distributions are paid monthly, and the most recent listed distribution was a monthly payment in November 2026. Income will move with short-term rates, and the yield reflects the fund's current portfolio rather than a fixed return.

Risks to weigh

Short-term fixed interest funds are less sensitive to rate changes than longer bonds, but they are not risk-free. Credit risk arises from the securities held, and an active approach means results depend on the manager. The stated objective of preserving capital does not guarantee that the unit price will not fall. Because the fund was admitted in October 2025, its listing history is relatively short.

Final Word

The PIMCO Short Term Active Yield Active ETF pursues income and capital preservation through a short-dated, actively managed Australian dollar portfolio. Its objectives are clear, but the listing does not show the holdings, so investors should review the fund's disclosure documents before investing.