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PIMCO Global Advantage Inflation-Linked Bond Active Exchange-Traded Fund

NAV
$41.14
1 Day Return
$-0.06  |   -0.15%

As of 5/27/2016

Market Price
$41.00
1 Day Return
$-0.20  |   -0.49%

As of 5/27/2016

Fund Description

The Global Advantage Inflation-Linked Bond Active 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 Barclays Capital Universal Government Inflation-Linked Bond Index.

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Portfolio Management


Mihir P. Worah

Mihir P. Worah
Mr. Worah is CIO Asset Allocation and Real Return and a managing director in the Newport Beach office. He is a member of the Investment Committee and the Executive Committee, and oversees portfolio management for the U.S. He is a generalist portfolio manager who manages a variety of fixed income, commodity and multi-asset portfolios. 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 14 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 5/27/2016

Ticker ILB
CUSIP 72201R791
Inception Date 4/30/2012
Shares Outstanding 2,060,000
Total Net Assets $84,756,842.94
Daily Trading Volume
(in shares)
401
Premium/Discount Average
(since inception)
-0.11%
Premium/Discount as
of market close
-0.34%
Closing Price 40.83

As of 5/27/2016 4:00PM EST

Yield Information

Estimated Yield to Maturity 4.59%
SEC 30-Day Yield 4.84%

As of 5/26/2016

Distribution Yield 0.00%

As of 4/30/2016

Portfolio Information

Number of Holdings 237
Effective Maturity 9.30 Years
Effective Duration 8.28 Years

As of 5/26/2016

Tracking Error 2.96%

Since Inception as of 4/30/2016

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 8.74%

As of 4/30/2016

Secondary Index
Index Description

PIMCO Global Advantage Inflation Linked Bond Index partially hedged USD from COB 01/05/2014 to COB 12/31/2014; PIMCO GLADI Inflation-linked bond index partially Hedged to USD from COB 12/31/2014
Index Ticker GIFAAUSP
Inception Date 12/31/2003
Rebalancing Frequency Quarterly

As of 4/30/2016

As of 5/27/2016

Dividends and Distributions

Full distribution history

As of 5/26/2016

Top 10 Holdings**

U S TREASURY INFLATE PROT BD 9.08%
FIN FUT EURO$ CME (WHT) 12/19/16 9.04%
JAPANESE GOVT BOND (ILB) #19 8.79%
MEXICAN UDIBONOS I/L 6.55%
TURKEY GOVERNMENT BOND I/L 5.56%
U S TREASURY INFLATE PROT BD 5.23%
IRS USD 1.25000 06/15/16-2Y CME 3.67%
LETRA TESOURO NACIONAL 3.51%
MEXICAN UDIBONOS I/L 3.49%
REPUBLIC OF SOUTH AFRICA BD 3.49%

As of 3/31/2016

Quarterly Trading Characteristics

Average Volume
In Shares 79,402
In $ $3,180,151.68
Bid/Ask Spread
In % 0.55%
In $ $0.21
Fund Tickers
NAV Per Share ILB.NV
Und. Trading Value ILB.IV
Shares Outstanding ILB.SO
Est. Cash ILB.EU
Total Cash ILB.TC