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PIMCO Global Advantage Inflation-Linked Bond Exchange-Traded Fund

NAV
$48.62
Change
$-0.27  |   -0.55%

As of 10/29/2014

Market Price
$48.55
Change
$-0.06  |   -0.13%

As of 10/29/2014

Fund Description

​The PIMCO Global Advantage Inflation-Linked Bond Exchange-Traded Fund (ticker: ILB) is an actively-managed exchange-traded fund comprised of primarily high-quality inflation-linked bonds that span developed and emerging markets. The fund will normally invest at least 80% of its assets in inflation-linked bonds, which are fixed income securities tied to the consumer price index of a given country or region, and are designed to provide protection from inflation. The fund is benchmarked to both the GDP-weighted Global Advantage Inflation-Linked Bond Index and the Barclays Capital Universal Government Inflation-Linked Bond Index. The fund may not use options, futures or swaps.

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Portfolio Management


Mihir P. Worah

Mihir P. Worah
Mr. Worah is CIO Real Return and Asset Allocation and a managing director in the Newport Beach office, a portfolio manager, and head of the real return and multi-asset portfolio management teams. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford Linear Accelerator Center, where he built models to explain the difference between matter and anti-matter. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. He has 13 years of investment experience and holds a Ph.D. in theoretical physics from the University of Chicago.

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Fund Information

As of 10/29/2014

Ticker ILB
CUSIP 72201R791
Inception Date 4/30/2012
Shares Outstanding 2,560,000
Total Net Assets $124,460,651.21
Daily Trading Volume
(in shares)
7,217
Premium/Discount Average
(since inception)
0.13%
Premium/Discount as
of market close
-0.14%
Closing Price 48.71

As of 10/29/2014 4:00PM EST

Yield Information

Estimated Yield to Maturity 4.46%
SEC 30-Day Yield 1.27%

As of 10/29/2014

Distribution Yield 3.55%

As of 9/30/2014

Portfolio Information

Number of Holdings 109
Effective Maturity 9.81 Years
Effective Duration 6.80 Years

As of 10/29/2014

Full Performance & Risk

Index Information

Index
Barclays Univ Gov Inflation-Linked Bond Index
Index Description

The Barclays Universal Government Inflation-Linked Bond Index combines the World, Euro and EM government indices to measure the performance of the major developed and emerging government inflation-linked bond markets. The index includes inflation-linked government bonds from 19 countries; in order of size, the US, UK, France, Brazil, Italy, Japan, Canada, Sweden, Germany, Argentina, Mexico, Greece, South Africa, Australia, Turkey, Colombia, Chile, Poland and South Korea. The index is market capitalization weighted and rebalances monthly. It is not possible to invest directly in an unmanaged index.
Index Ticker UGILB
Inception Date 12/31/1996
Rebalancing Frequency Monthly
Annualized Volatility 8.67%

As of 9/30/2014

Secondary Index
PIMCO Global Advantage Inflation-Linked Bond Index (USD Unhedged) (NY Close)
Index Description

PIMCO Global Advantage Inflation-Linked Bond Index (USD Unhedged) (NY Close). The PIMCO GLADI ILB represents the global bond market for inflation-linked government debt encompassing both developed and emerging markets. The index adheres to the principals of the PIMCO Global Advantage Indices when applicable to the global inflation-linked bond market.
Index Ticker ILAD
Inception Date 12/31/2003
Rebalancing Frequency Monthly

As of 9/30/2014

As of 10/29/2014

Dividends and Distributions

Full distribution history

As of 10/29/2014

Top 10 Holdings

NOTA DO TESOURO NACIONAL 10.31%
ITALIAN BTP BOND I/L 5.69%
U S TREASURY INFLATE PROT BD 4.16%
DENMARK (KINGDOM OF) I/L BD 3.94%
U S TREASURY INFLATE PROT BD 3.65%
REPUBLIC OF SOUTH AFRICA BD 3.57%
U S TREASURY INFLATE PROT BD 3.50%
MEXICAN UDIBONOS I/L 3.47%
ITALIAN BTP BOND I/L 3.23%
U S TREASURY INFLATE PROT BD 2.85%

As of 9/30/2014

Quarterly Trading Characteristics

Average Volume
In Shares 5,817
In $ $293,018.76
Bid/Ask Spread
In % 0.57%
In $ $0.28
Fund Tickers
NAV Per Share ILB.NV
Und. Trading Value ILB.IV
Shares Outstanding ILB.SO
Est. Cash ILB.EU
Total Cash ILB.TC