Learn about ETFs and Investing
PIMCO Thought Leadership
Series of videos on our full range of ETF vehicles
Dividends and Distributions, Tax Information, Holdings, Prospectuses, Reports and Other Information
ETF Home >
As of 5/20/2013
Call us at 888.400.4ETF (4383) if you have questions or would like additional information about PIMCO ETFs.
The PIMCO Canada Bond Index Exchange-Traded Fund is the only U.S. exchange-traded fund (ETF) that aims to provide focused exposure to the Canadian dollar-denominated, investment grade bond market. The fund seeks total returns that closely correspond, before fees and expenses, to the BofA Merrill Lynch Diversified Canada Bond IndexSM. This index encompasses Canadian dollar-denominated investment grade government bonds, including sovereign and quasi-government debt.
Mr. Devlin is an executive vice president and head of Canadian portfolio management. In this multi-faceted role, he is responsible for developing PIMCO’s Canadian economic outlook and portfolio strategies. He is quoted often as an authority on the Canadian fixed income market and liability-driven investing by leading publications, including the National Post, Globe & Mail, and The New York Times. Mr. Devlin is also a frequent participant on the Business News Network and speaks extensively at CFA conferences and other events. Prior to joining PIMCO in 2006, he worked in London, Tokyo, Toronto, Hong Kong and New York in progressively more senior fixed income positions at Lehman Brothers and Merrill Lynch. He holds a bachelor's degree in business administration from Wilfrid Laurier University, where he was the gold medal recipient. He also holds an MBA from the Tuck School at Dartmouth College.
As of 4/30/2013
The BofA Merrill Lynch Diversified Canada Government Bond Indexsm tracks the performance of large, Canadian dollar (“CAD”)-denominated investment grade debt instruments publicly issued in the Canadian domestic market including Canadian sovereign and quasi-government securities. All Qualifying securities must have at least one year remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of CAD 1 billion for Canadian sovereign securities and a minimum amount outstanding of CAD 200million for Canadian quasi-government-securities. 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.
As of 3/31/2013
The last recorded trade price before today, often referred to as a “Closing Price” of
The distribution yield for monthly paying Funds is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The distribution yield for quarterly paying Funds is calculated by taking the average of the prior four quarterly distribution yields. The quarterly distribution yields are calculated by annualizing actual dividends distributed for the quarterly period ended on the most recent quarterly distribution date and dividing by the net asset value for the same date. The yield does not include long- or short-term capital gains distributions.
As of 3/31/2013
Holding all other maturities constant, this measures the sensitivity of a security or the value of a portfolio to a 1% change in yield for a given maturity
The SEC yield is an annualized yield based on the most recent 30 day period.
A Word About Risk: An investment in an ETF involves risk, including the loss of principal. Investment return, price, yield and Net Asset Value (NAV) will fluctuate with changes in market conditions. Investments may be worth more or less than the original cost when redeemed. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Sovereign securities are generally backed by the issuing government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund.
The Fund uses an indexing approach and may be affected by a general decline in market segments or asset classes relating to its Underlying Index. The Fund invests in securities and instruments included in, or representative of, its Underlying Index regardless of the investment merits of the Underlying Index.
*Benchmark is represented by The BofA Merrill Lynch Diversified Australia Bond IndexSM. It is not possible to invest directly in an unmanaged index.
Are you sure you would like to leave?
You are currently running an old version of IE, please upgrade for better performance.