HYS Aims to Achieve Higher Income, Lower Sensitivity to Treasury Rates



​Despite recent volatility, PIMCO believes the case for high yield as part of a broader diversified portfolio is strong. In this interview, Andrew Jessop and Matt Dorsten, portfolio managers, and Michael Brownell, product manager, discuss PIMCO 0–5 Year High Yield Corporate Bond Index Exchange- Traded Fund (HYS), designed to capture continuous exposure to the short-maturity segment of the high yield corporate bond sector. The fund benefits from PIMCO’s “smart indexing” approach to fixed income ETFs, while aiming to achieve the yield, volatility level and low or negative correlations with other asset classes inherent in short-maturity high yield.