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PIMCO Germany Bond Index Exchange-Traded Fund

NAV
$107.23
Change
$0.11  |   0.10%

As of 4/23/2014

Market Price
$107.94
Change
$0.00  |   0.00%

As of 4/22/2014

Fund Description

The PIMCO Germany Bond Index Exchange-Traded Fund is the only U.S. exchange-traded fund (ETF) that aims to provide focused exposure to euro-denominated, investment grade bonds issued by German issuers. The fund seeks total returns that closely correspond, before fees and expenses, to the BofA Merrill Lynch Diversified Germany Bond IndexSM. This index encompasses euro-denominated investment grade bonds issued by German entities, including sovereign, quasi-government, corporate, securitized and collateralized debt.

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Portfolio Management


Lorenzo Pagani

Lorenzo Pagani
Dr. Pagani is a managing director and portfolio manager in the Munich office and head of the European government bond and European rates desk. He is also a member of the European portfolio committee and a member of the counterparty risk committee. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He has 11 years of investment experience and holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France.

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Fund Information

Ticker BUND
CUSIP 72201R767
Inception Date 11/9/2011
Shares Outstanding 30,000
Total Net Assets $3,213,577.60
Daily Trading Volume
(in shares)
3
Premium/Discount Average
(since inception)
0.13%
Premium/Discount as
of market close
0.77%

As of 4/22/2014

Closing Price 107.08

4/22/2014

Yield Information

Estimated Yield to Maturity 1.23%
SEC 30-Day Yield 0.63%

As of 4/22/2014

Distribution Yield 1.32%

As of 3/31/2014

Portfolio Information

Number of Holdings 45
Effective Maturity 5.01 Years
Effective Duration 4.47 Years

As of 4/22/2014

Full Performance & Risk

Index Information

Index Tracked BofA Merrill Lynch Diversified Germany Bond Index
Index Ticker GEDL
Inception Date 12/31/1998
Rebalancing Frequency Monthly
Annualized Volatility
(since inception)
7.20%

As of 3/31/2014


Index Description

The BofA Merrill Lynch Diversified Germany Bond Indexsm tracks the performance of large, Euro (“EUR”)- denominated investment grade debt instruments of German issuers publicly issued in the eurobond or Euro member domestic markets, including sovereign, quasi-government, corporate, securitized and collateralized securities. All Qualifying securities must be an obligation of a German entity with at least one year remaining term to final maturity and a fixed coupon schedule. Qualifying German sovereign securities must have a minimum amount outstanding of EUR 1 billion. Qualifying non-sovereign securities must have a minimum amount outstanding of EUR 500million and must be rated investment grade. Index constituents are capitalization-weighted adjusted, as necessary, to meet issuer concentration limits. The Underlying Index is rebalanced on the last calendar day of the month. It is not possible to invest directly in an unmanaged index.

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As of 4/23/2014

Dividends and Distributions

Full distribution history

As of 4/22/2014

Top 10 Holdings

KFW GOV GTD EMTN 6.52%
LAND NORDRHEIN-WESTFALEN 5.87%
NORDDEUTSCHE LANDESBANK FLUGZEUGPFANDBR 4.42%
LAND NORDRHEIN-WESTFALEN LANDESSCH 4.41%
ERSTE ABWICKLUNGSANSTALT FRN EMTN 4.32%
DEUTSCHLAND REP UNSEC 4.24%
BAYERISCHE LANDESBANK JUMBOO PFAND 3.76%
UNICREDIT BANK AG PFAND 3.65%
LAND NORDRHEIN-WESTFALEN JUMBO LANDES 3.43%
LAND BERLIN LANDESSCHATZ 3.10%

As of 3/31/2014

Quarterly Trading Characteristics

Average Volume
In Shares 144
In $ $15,176.84
Bid/Ask Spread
In % 2.23%
In $ $2.37
Fund Tickers
NAV Per Share BUND.NV
Und. Trading Value BUND.IV
Shares Outstanding BUND.SO
Est. Cash BUND.EU
Total Cash BUND.TC