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PIMCO Foreign Currency Strategy Exchange-Traded Fund

NAV
$47.04
Change
$0.10  |   0.21%

As of 10/17/2014

Market Price
$46.33
Change
$-0.14  |   -0.31%

As of 10/17/2014

Fund Description

The PIMCO Foreign Currency Strategy Exchange-Traded Fund (Ticker: FORX) is an actively managed portfolio providing exposure to foreign currencies. FORX is likely to benefit if the U.S. dollar depreciates. FORX will primarily invest in currencies, currency forwards, or fixed income securities denominated in the currencies of foreign (non-U.S.) countries. FORX intends to limit its exposure to any one currency to 20% and to maintain a portfolio duration between zero and three years.

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Portfolio Management


Thomas Kressin

Thomas Kressin
Dr. Kressin is a senior vice president and head of the European foreign exchange desk in the Munich office. He is also a member of the European Portfolio Committee. He joined the Allianz Group in 1998 and PIMCO in 2002. Until 2009, he worked as co-head of the global desk in Munich, with a special focus on currencies. Previously, he supported the private client asset management division of Dresdner Bank AG in Berlin. He has 24 years of investment experience and holds a master’s degree in business administration from the Technical University in Berlin, Germany, and a Ph.D. from the Technical University Cottbus.

Sachin Gupta

Sachin Gupta
Mr. Gupta is an executive vice president and portfolio manager in the Newport Beach office and manages global portfolios. Previously, he was in the London office and managed European LDI portfolios. Additionally, he was part of PIMCO’s global portfolio management team in the Singapore office. In these roles, he focused on investments in government bonds, sovereign credit derivatives and interest rate derivatives across developed markets. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He has 17 years of investment experience and holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.

Andrew Balls

Andrew Balls
Mr. Balls is PIMCO's CIO Global Fixed Income. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global and European portfolios and is a member of the Investment Committee and the Executive Committee. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times in London, New York and Washington, DC. He has 16 years of investment and economics/financial markets experience and holds a bachelor's degree from Oxford and a master's degree from Harvard University. He was a lecturer in economics at Keble College, Oxford. Mr. Balls was nominated by Morningstar in 2013 for European Fixed-Income Fund Manager of the Year.

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Fund Information

As of 10/17/2014

Ticker FORX
CUSIP 72201R734
Inception Date 2/11/2013
Shares Outstanding 440,000
Total Net Assets $20,695,966.11
Daily Trading Volume
(in shares)
170
Premium/Discount Average
(since inception)
-0.53%
Premium/Discount as
of market close
-1.51%
Closing Price 45.88

As of 10/17/2014 9:30AM EST

Yield Information

Estimated Yield to Maturity 1.57%
SEC 30-Day Yield 0.61%

As of 10/17/2014

Distribution Yield 0.00%

As of 9/30/2014

Portfolio Information

Number of Holdings 47
Effective Maturity 0.59 Years
Effective Duration 0.57 Years

As of 10/17/2014

Full Performance & Risk

Index Information

Index
Index Description

Index Ticker
Inception Date
Rebalancing Frequency
Annualized Volatility

As of 10/17/2014

Currency Exposure

Region Graph by Currency Exposure
Country Currency Exposure
HONG KONG HKD 18.92%
UNITED STATES USD 17.35%
INDIA INR 15.10%
UNITED KINGDOM GBP 9.02%
CHINA CNY 9.00%
MALAYSIA MYR 9.00%
NEW ZEALAND NZD 6.97%
NORWAY NOK 6.38%
BRAZIL BRL 5.99%
MEXICO MXN 4.19%
SWEDEN SEK 3.98%
CANADA CAD 2.00%
INDONESIA IDR 2.00%
POLAND PLN 1.99%
JAPAN JPY -11.89%

As of 10/18/2014

Dividends and Distributions

Full distribution history

As of 10/17/2014

Top 10 Holdings

FRENCH DISCOUNT T-BILL 20.37%
MEX BONOS DESARR FIX RT SER M 13.15%
ITALIAN BTP BILLS 12.33%
SPANISH GOVT BD (LETRAS DEL TESORO) 12.33%
F H L M C DISC NT 9.67%
BK NEGARA MONETARY NOTE 9.00%
F N M A DISC NT 8.70%
REPO 8.22%
LETRA TESOURO NACIONAL 6.29%
FED HOME LN BK DISC NT 2.90%

As of 9/30/2014

Quarterly Trading Characteristics

Average Volume
In Shares 4,040
In $ $195,043.59
Bid/Ask Spread
In % 0.66%
In $ $0.31
Fund Tickers
NAV Per Share FORX.NV
Und. Trading Value FORX.IV
Shares Outstanding FORX.SO
Est. Cash FORX.EU
Total Cash FORX.TC