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

NAV
$104.05
Change
$0.12  |   0.12%

As of 10/20/2014

Market Price
$103.93
Change
$0.39  |   0.37%

As of 10/20/2014

Fund Description

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund is the only exchange-traded fund (ETF) 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


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.

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Fund Information

As of 10/20/2014

Ticker HYS
CUSIP 72201R783
Inception Date 6/16/2011
Shares Outstanding 33,950,000
Total Net Assets $3,532,602,834.74
Daily Trading Volume
(in shares)
1,525,833
Premium/Discount Average
(since inception)
0.10%
Premium/Discount as
of market close
-0.12%
Closing Price 103.95

As of 10/20/2014 4:00PM EST

Yield Information

Estimated Yield to Maturity 5.32%
SEC 30-Day Yield 4.17%

As of 10/20/2014

Distribution Yield 3.73%

As of 9/30/2014

Portfolio Information

Number of Holdings 381
Effective Maturity 2.86 Years
Effective Duration 1.97 Years

As of 10/20/2014

Full Performance & Risk

Index Information

Index
BofA Merrill Lynch 0-5 Year US High Yield Constrained Index
Index Description

The BofA Merrill Lynch 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 $100 million, issued publicly. Allocations to an individual issuer will not exceed 2%. It is not possible to invest directly in an unmanaged index.
Index Ticker HUCD
Inception Date 12/31/2006
Rebalancing Frequency Monthly

As of 9/30/2014

As of 10/20/2014

Dividends and Distributions

Full distribution history

As of 10/20/2014

Top 10 Holdings

CDX HY23 5Y BP 4.67%
CDX HY20 5Y BP 2.00%
SPRINT COMMUNICATIONS SR UNSEC 1.46%
CIT GROUP INC SR UNSEC 1.27%
FED HOME LN BK BD (250MM) 1.25%
SPRINGLEAF FINANCE CORP SR UNSEC MTN 1.17%
NUMERICABLE GROUP SA 144A 1.16%
SABINE PASS LNG LP GLBL SR SECURED 1.12%
CIT GROUP INC GLBL SR UNSEC 1.11%
ALGECO SCOTSMAN GLOB FIN 144A 1.10%

As of 9/30/2014

Quarterly Trading Characteristics

Average Volume
In Shares 507,260
In $ $53,710,544.61
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