PIMCO Short-Term High Yield Corporate Bond Index UCITS ETF (GBP Hedged)

Product description

The PIMCO Short-Term High Yield Corporate Bond Index UCITS ETF (GBP Hedged) aims to replicate the performance (before fees and expenses) of the BofA Merrill Lynch 0-5 Year US High Yield Constrained IndexSM by investing in a range of securities broadly similar to the constituents of the index.The Fund seeks to achieve the yield, volatility level, and low or negative correlations with other asset classes inherent in short maturity high yield. The portfolio manager is Matt Dorsten.

To minimise exposure to fluctuations in the exchange rate between GBP and USD, the GBP Hedged share class also enters into foreign exchange transactions (typically one month currency forwards, rolled monthly).

Please note: As disclosed in the relevant legal offering documents, the base currency of the PIMCO Short-Term High Yield Corporate Bond Index UCITS ETF (GBP Hedged) is USD while the share class currency is GBP. Please disregard the base currency stated on the Security Information page which is stated as GBP for technical reasons only. We are working on revising this technical issue and the Security Information page will reflect the correct base and share class currency in due course.

Security Information

General information
Base currency GBP
Dividend treatment Monthly
Minimum investment 1 share
Launch date 16 Nov 2015
Shares outstanding 4,424,525
Exchanges London Stock Exchange
SIX Swiss Exchange
Further information
ISA Eligible
SIPP Eligible
UCITS Yes
UK reporting status Yes
Passported to Austria, Denmark, Finland, France, Germany, Ireland, Italy (Institutional only), Luxembourg, Netherlands, Norway, Switzerland, Sweden, United Kingdom,
Structure
Legal form UCITS
Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 31 March
Tax information for German investors
Equity ratio 0.0000
Key service providers
Issuer PIMCO Fixed Income Source ETFs plc
Manager PIMCO Europe Ltd
Fund administrator State Street Fund Services (Ireland) Limited
Depositary State Street Custodial Services (Ireland) Limited
Auditor PricewaterhouseCoopers
Promoter PIMCO Europe Limited, Invesco UK Services Limited
Fund statistics NAV ( 11 Oct 2019 )
Number of holdings 319
Recent distributions
Announcement date 10 Oct 2019
Ex-date 17 Oct 2019
Record date 18 Oct 2019
Payment date 31 Oct 2019
Distribution per shares 0.0380
Currency GBP
Download all distributions

Key information

Bloomberg ticker STHS LN
ISIN IE00BYXVWC37
Benchmark BBG ticker HUUK
Management fee 0.60%
NAV (11 Oct 2019) £9.91
AUM £1,150,954,692
Base currency GBP

Key risks

Counterparty risk: Other financial institutions provide services such as safekeeping of assets or as a counterparty to financial contracts such as derivatives. The fund is exposed to the risk of bankruptcy, or other type of default of transaction counterparties.

Fixed Income risk: There is a risk that the institution which issued the securities will fail, which would result in a loss of income to the fund. Fixed income values are likely to fall if interest rates rise.

Liquidity on secondary market risk: Lower liquidity means there are insufficient buyers or sellers to allow the fund to sell or buy the fund's Investments. On-exchange liquidity may be limited due to suspension of Reference Index pricing, a decision by one of the relevant stock exchanges, or a breach by one or more market makers of respective stock exchange requirements and guidelines.

Risk of using derivatives: In order to reach its investment objective, the fund may use swaps, including futures and forwards. Such derivatives may result in gains or losses that are greater than the original amount invested.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.