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PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

NAV
$99.68
1 Day Return
$-0.05  |   -0.05%

As of 10/22/2018

Market Price
$99.32
1 Day Return
$0.10  |   0.10%

As of 10/22/2018

Fund Description

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund is designed to capture, before fees and expenses, continuous exposure to the short maturity segment of the high yield corporate bond sector. The fund tracks The BofA Merrill Lynch 0-5 Year US High Yield Constrained IndexSM, and aims to achieve the yield, volatility level, and low or negative correlations with other asset classes inherent in short maturity high yield.

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Portfolio Management


Andrew R. Jessop

Andrew R. Jessop
Mr. Jessop is a managing director and high yield portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was a managing director, portfolio manager and co-head of the high yield group at Goldman Sachs Asset Management, where he spent 12 years. Mr. Jessop was previously a high yield portfolio manager at Saudi International Bank in London. He has 29 years of investment experience and holds a degree from Queens' College, Cambridge University.

Matt Dorsten

Matt Dorsten
Mr. Dorsten is an executive vice president in the Newport Beach office and a portfolio manager in the quantitative strategies group. He is the lead portfolio manager for managed futures in addition to having portfolio management responsibilities in multi-asset alternative risk premia and beta replication strategies. He was previously a member of the financial engineering group working on mortgage-backed securities and event-linked bonds. Prior to joining PIMCO in 2006, he received his Ph.D. in theoretical particle physics from the California Institute of Technology, where he was a National Science Foundation Graduate Research Fellow. He has 12 years of investment experience and holds undergraduate degrees in mathematics and physics from Ohio State University.

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Fund Information

As of 10/22/2018

Ticker HYS
CUSIP 72201R783
Inception Date 6/16/2011
Shares Outstanding 15,900,000
Total Net Assets $1,584,898,462.13
Daily Trading Volume
(in shares)
195,464
Premium/Discount Average
(since inception)
-0.06%
Premium/Discount as
of market close
-0.36%
Closing Price 99.29

As of 10/22/2018

Yield Information

Estimated Yield to Maturity 5.66%
SEC 30-Day Yield 4.75%

As of 10/19/2018

Distribution Yield 4.83%

As of 9/30/2018

Portfolio Information

Number of Holdings 380
Effective Maturity 3.06 Years
Effective Duration 2.15 Years

As of 10/19/2018

Tracking Error 0.72%

Since Inception as of 9/30/2018

Full Performance & Risk

Index Information

Index
ICE BofAML 0-5 Year US High Yield Constrained Index
Index Description

The ICE BofAML 0-5 Year US High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt issued in the U.S. domestic market with less than five years remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of $250 million, issued publicly. Prior to September 30, 2016, securities with minimum amount outstanding of $100 million qualified. Allocations to an individual issuer will not exceed 2%.
Index Ticker HUCD
Inception Date 12/31/2006
Rebalancing Frequency Monthly

As of 9/30/2018

As of 10/22/2018

Dividends and Distributions

Full distribution history

As of 10/19/2018

Top 10 Exposures**

CDX HY30 5Y 8.27%
REPO 6.06%
REPO 6.06%
REPO 3.11%
TRS IBOXHY /3ML INDX 03/20/19 @270.550 2.52%
FIN FUT US 5YR CBT 12/31/18 2.29%
TRS IBOXHY/3ML INDX 03/20/19 @270.900 1.58%
TRS IBOXHY/3ML INDX 03/20/19 @271.875 1.04%
BOMBARDIER INC SR UNSEC 144A 0.97%
CLEAR CHANNEL WORLDWIDE GLBL SR SUB 0.94%

As of 9/30/2018

Quarterly Trading Characteristics

Average Volume
In Shares 204,409
In $ $20,499,679.43
Bid/Ask Spread
In % 0.03%
In $ $0.03
Fund Tickers
NAV Per Share HYS.NV
Und. Trading Value HYS.IV
Shares Outstanding HYS.SO
Est. Cash HYS.EU
Total Cash HYS.TC