The 1-5 Year U.S. TIPS Index Exchange-Traded Fund is the first exchange-traded fund (ETF) designed to capture, before fees and expenses, the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The fund aims to achieve the real return (above inflation), capital preservation, and low volatility level inherent in short maturity TIPS.
Mr. Banet is an executive vice president in the Newport Beach office and a portfolio manager on the real return team. Prior to joining PIMCO in 2011, he traded inflation-linked investments at Nomura Fixed Income. Prior to that, he was with BNP Paribas, most recently as head of U.S. inflation trading. He has 14 years of investment and financial services experience and holds a master's degree in applied economics and an undergraduate degree from Paris IX Dauphine University.
Mr. Dorsten is a senior vice president in the quantitative portfolio group in the Newport Beach office, focusing on quantitative strategy and passive replication. He was previously a member of the financial engineering group working on mortgage-backed securities and event-linked bonds. Prior to joining PIMCO in 2006, he received his Ph.D. in theoretical particle physics from the California Institute of Technology, where he was a National Science Foundation Graduate Research Fellow. He has nine years of investment experience and holds undergraduate degrees in mathematics and physics from Ohio State University.
Mr. Caltagirone is a senior vice president in the Newport Beach office and a portfolio manager focusing on PIMCO's exchange-traded funds. Prior to joining PIMCO in 2007, he worked as a sales trader in the equity derivatives group at Morgan Stanley. He has 12 years of investment experience and holds an MBA from the MIT Sloan School of Management, a master's degree in electrical engineering from the University of California, San Diego and is an adjunct professor of mathematics in the California State University system.