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PIMCO Foreign Currency Strategy Exchange-Traded Fund

NAV
$48.01
Change
$-0.01  |   -0.02%

As of 4/23/2014

Market Price
$47.81
Change
$-0.12  |   -0.25%

As of 4/23/2014

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


Scott A. Mather

Scott A. Mather
Mr. Mather is a Deputy CIO and a managing director in the Newport Beach office and head of global portfolio management. Previously, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He has 19 years of investment experience and holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.

Vineer Bhansali

Vineer Bhansali
Dr. Bhansali is a managing director and portfolio manager in the Newport Beach office. He currently oversees PIMCO's quantitative investment portfolios. From 2000, he also headed PIMCO's firmwide analytics department. Prior to joining PIMCO in 2000, he was a proprietary trader in the fixed income trading group at Credit Suisse First Boston and in the fixed income arbitrage group at Salomon Brothers in New York. Previously, he was head of the exotic and hybrid options trading desk at Citibank in New York. He is the author of numerous scientific and financial papers and of the books "Bond Portfolio Investing and Risk Management," "Pricing and Managing Exotic and Hybrid Options," "Fixed Income Finance: A Quantitative Approach" and the most recent book, "Tail Risk Hedging". He has 24 years of investment experience and holds a Ph.D. in theoretical particle physics from Harvard University. He has a master's degree in physics and an undergraduate degree from the California Institute of Technology.

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 23 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.

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Fund Information

Ticker FORX
CUSIP 72201R734
Inception Date 2/11/2013
Shares Outstanding 440,000
Total Net Assets $21,125,292.54
Daily Trading Volume
(in shares)
49,714
Premium/Discount Average
(since inception)
-0.48%
Premium/Discount as
of market close
-0.42%

As of 4/23/2014

Closing Price 47.52

4/23/2014

Yield Information

Estimated Yield to Maturity 1.39%
SEC 30-Day Yield 0.78%

As of 4/22/2014

Distribution Yield 0.00%

As of 3/31/2014

Portfolio Information

Number of Holdings 42
Effective Maturity 0.58 Years
Effective Duration 0.55 Years

As of 4/22/2014

Full Performance & Risk

As of 4/22/2014

Currency Exposure

Region Graph by Currency Exposure
Country Currency Exposure
NORWAY NOK 15.18%
HONG KONG HKD 14.03%
UNITED KINGDOM GBP 11.51%
UNITED STATES USD 8.96%
NEW ZEALAND NZD 8.77%
SWEDEN SEK 8.35%
BRAZIL BRL 7.02%
MEXICO MXN 6.99%
CANADA CAD 5.29%
RUSSIA RUB 5.01%
INDIA INR 4.90%
MALAYSIA MYR 3.92%
CHINA CNY 3.04%
SOUTH AFRICA ZAR 2.73%
POLAND PLN 2.17%
SINGAPORE SGD 0.03%
SWITZERLAND CHF -0.32%
JAPAN JPY -7.58%

As of 4/23/2014

Dividends and Distributions

Full distribution history

As of 4/22/2014

Top 10 Holdings

FED HOME LN BK DISC NT 23.65%
MEX BONOS DESARR FIX RT SER M 13.43%
F N M A DISC NT UNSEC 13.24%
FED HOME LN BK DISC NT 9.46%
FED HOME LN BK DISC NT UNSEC 9.46%
FED HOME LN BK DISC NT 8.99%
LETRA TESOURO NACIONAL 6.30%
U S TREASURY NOTE 3.32%
U S TREASURY NOTE 2.98%
NEW ZEALAND GOVT BOND SR UNSEC 1217 2.81%

As of 3/31/2014

Quarterly Trading Characteristics

Average Volume
In Shares 3,669
In $ $172,712.43
Bid/Ask Spread
In % 0.73%
In $ $0.34
Fund Tickers
NAV Per Share FORX.NV
Und. Trading Value FORX.IV
Shares Outstanding FORX.SO
Est. Cash FORX.EU
Total Cash FORX.TC