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PIMCO Active Bond Exchange-Traded Fund

NAV
$106.51
1 Day Return
$-0.06  |   -0.06%

As of 11/24/2017

Market Price
$106.54
1 Day Return
$0.01  |   0.01%

As of 11/24/2017

Fund Description

The PIMCO Active Bond Exchange-Traded Fund (Ticker: BOND) is a diversified portfolio of high quality bonds that is actively managed, seeking current income and long-term capital appreciation, consistent with prudent investment management. BOND invests primarily in investment grade debt securities, and discloses all portfolio holdings on a daily basis. The Fund will seek to maintain a fairly consistent level of dividend income, and generally seeks to manage capital gain distributions. However, there can be no assurance that a change in market conditions or other factors will not result in a significant change in the Fund’s distribution rate or that the rate will be sustainable in the future. With a primary benchmark of the Barclays U.S. Aggregate Index, the fund offers a core bond strategy that is designed to capitalize on opportunities across multiple sectors of the fixed income market.

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Portfolio Management


David L. Braun

David L. Braun
Mr. Braun is a managing director and generalist portfolio manager in the New York office. Mr. Braun joined PIMCO in 2009 and is head of the U.S. financial institutions group (FIG) and stable value portfolio management teams. He is also a senior member of both the liability-driven investment and the U.S. core portfolio management teams. He oversees management of fixed income investment portfolios for institutional and retail clients. Mr. Braun has over 24 years of investment, risk management (including chief risk officer of a large investment company) and actuarial experience. He holds an undergraduate degree in mathematics from the University of Connecticut. He is also a Fellow of the Society of Actuaries and a certified Financial Risk Manager.

Jerome M. Schneider

Jerome M. Schneider
Mr. Schneider is a managing director in the Newport Beach office and head of short-term portfolio management and funding. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2015. Prior to joining PIMCO in 2008, Mr. Schneider was a senior managing director with Bear Stearns. There he most recently specialized in credit and mortgage-related funding transactions and helped develop one of the first "repo" conduit financing companies. Additionally, during his tenure at Bear Stearns he held various positions on the municipal and fixed income derivatives trading desks. He has 22 years of investment experience and holds an undergraduate degree in economics and international relations from the University of Pennsylvania and an MBA from the Stern School of Business at New York University.

Daniel H. Hyman

Daniel H. Hyman
Mr. Hyman is a managing director and co-head of the agency mortgage portfolio management team in the Newport Beach office. He is the lead portfolio manager on PIMCO's Ginnie Mae and Mortgage Opportunities Strategies and serves as a member of PIMCO's Executive Committee. Prior to joining PIMCO in 2008, Mr. Hyman was a vice president at Credit Suisse where he traded agency pass-throughs. He has 14 years of investment experience and holds an undergraduate degree from Lehigh University.

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Fund Information

As of 11/24/2017

Ticker BOND
CUSIP 72201R775
Inception Date 2/29/2012
Shares Outstanding 19,930,000
Total Net Assets $2,122,733,895.71
Daily Trading Volume
(in shares)
21,542
Premium/Discount Average
(since inception)
-0.03%
Premium/Discount as
of market close
0.03%
Closing Price 106.51

As of 11/24/2017

Yield Information

Estimated Yield to Maturity 3.68%
SEC 30-Day Yield 2.62%

As of 11/22/2017

Distribution Yield 3.15%

As of 10/31/2017

Portfolio Information

Number of Holdings 772
Effective Maturity 8.11 Years
Effective Duration 5.55 Years

As of 11/22/2017

Tracking Error 1.39%

Since Inception as of 10/31/2017

Full Performance & Risk

Index Information

Index
Bloomberg Barclays U.S. Aggregate Index
Index Description

Bloomberg Barclays U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index componentsfor government and corporate securities, mortgage pass-throughsecurities, and asset-backed securities. These major sectors aresubdivided into more specific indices that are calculated andreported on a regular basis. It is not possible to invest directly inan unmanaged index.
Index Ticker LBUSTRUU
Inception Date 1/30/1976
Rebalancing Frequency Monthly
Annualized Volatility 3.25%

As of 10/31/2017

As of 11/24/2017

Dividends and Distributions

Full distribution history

As of 11/22/2017

Top 10 Exposures**

U S TREASURY NOTE 3.37%
U S TREASURY NOTE 2.95%
U S TREASURY NOTE 2.91%
FHLMC GOLD 30YR GNT #G0-8788 2.85%
FHLMC GOLD 30YR GNT #G0-8766 2.79%
FHLMC GOLD 30YR GNT #G0-8779 2.63%
FHLMC GOLD 30YR GNT #G0-8788 2.61%
FHLMC GOLD 30YR GNT #G0-8767 2.34%
FNMA TBA 3.5% DEC 30YR -2.42%
U S TREASURY REV REPO -2.55%

As of 9/30/2017

Quarterly Trading Characteristics

Average Volume
In Shares 84,718
In $ $9,036,113.26
Bid/Ask Spread
In % 0.06%
In $ $0.06
Fund Tickers
NAV Per Share BOND.NV
Und. Trading Value BOND.IV
Shares Outstanding BOND.SO
Est. Cash BOND.EU
Total Cash BOND.TC