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

 



NAV
$97.65
1 Day Return
$0.22  |   0.23%

As of 12/12/2018

Market Price
$97.34
1 Day Return
$0.26  |   0.27%

As of 12/12/2018

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


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.

Mitchell M. Handa

Mitchell M. Handa
Mr. Handa is a vice president in the Newport Beach office and a portfolio manager for the quantitative portfolio group. He focuses on PIMCO’s ETFs and index replication and smart passive strategies. Prior to joining PIMCO in 2012, he was a portfolio manager and a trader for Blackrock’s model-based U.S. rates products in San Francisco. Mr. Handa started his career as an options trader on the interest-rate derivatives desk at ABN Amro in Chicago and also traded global fixed income and currencies for Barclays Global Investors Japan. He has 21 years of investment and financial services experience and holds a master’s degree in physics from the University of California, Los Angeles and a master’s degree in financial mathematics from the University of Chicago. He earned his undergraduate degree from the City University of New York.

Graham A. Rennison

Graham A. Rennison
Mr. Rennison is a senior vice president in the quantitative portfolio management group in the Newport Beach office, focusing on multi-asset-class systematic strategies. He was previously a member of the client analytics group, advising clients on strategic asset allocation. Prior to joining PIMCO in 2011, Mr. Rennison was a director and head of systematic strategies research at Barclays Capital in New York and also spent five years at Lehman Brothers. He has 17 years of investment experience and holds master's and undergraduate degrees in mathematics from Cambridge University, England.

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Fund Information

As of 12/12/2018

Ticker HYS
CUSIP 72201R783
Inception Date 6/16/2011
Shares Outstanding 13,700,000
Total Net Assets $1,337,781,329.90
Daily Trading Volume
(in shares)
108,393
Premium/Discount Average
(since inception)
-0.07%
Premium/Discount as
of market close
-0.32%
Closing Price 97.37

As of 12/12/2018

Yield Information

Estimated Yield to Maturity 6.38%
SEC 30-Day Yield 5.47%

As of 12/11/2018

Distribution Yield 5.23%

As of 11/30/2018

Portfolio Information

Number of Holdings 383
Effective Maturity 3.19 Years
Effective Duration 2.25 Years

As of 12/11/2018

Tracking Error 0.67%

Since Inception as of 11/30/2018

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 11/30/2018

As of 12/12/2018

Dividends and Distributions

Full distribution history

As of 12/11/2018

Top 10 Exposures**

CDX HY30 5Y 7.17%
REPO 4.61%
REPO 3.56%
REPO 3.56%
FIN FUT US 5YR CBT 03/29/19 3.52%
TRS IBOXHY /3ML INDX 03/20/19 @270.550 2.92%
CDX HY31 5Y 2.51%
TRS IBOXHY/3ML INDX 03/20/19 @270.900 1.83%
TRS IBOXHY/3ML INDX 03/20/19 @271.875 1.20%
TRS IBOXHY/3ML INDX 06/20/19 @267.850 1.16%

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