STHY

US Short-Term High Yield Corporate Bond Index UCITS ETF

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High Yield
category / asset class
7,92%
est. yield to maturity
As of 01/03/2024
$93,48
DAILY NAV
As of 01/03/2024
0,79%
ytd return
As of 01/03/2024

STHY

why invest in this fund

Attractive Risk/Return Characteristics

Short-term high yield investors have historically benefited from a lower volatility profile than the broader high yield market, as well as the attractive returns of the asset class.

tab 1 graph

Fund Specific Risks

Credit and Default Risk

A decline in the financial health of an issuer of a fixed income security can lead to an inability or unwillingness to repay a loan or meet a contractual obligation. This could cause the value of its bonds to fall or become worthless. Funds with high exposures to non-investment grade securities have a higher exposure to this risk.

Derivatives and Counterparty Risk

The use of certain derivatives could result in the fund having a greater or more volatile exposure to the underlying assets and an increased exposure to counterparty risk. This may expose the fund to larger gains or losses associated with market movements or in relation to a trade counterparty being unable to meet its obligations.

Liquidity Risk

Difficult market conditions could result in certain securities becoming hard to sell at a desired time and price.

Interest Rate Risk

Changes in interest rates will usually result in the values of bond and other debt instruments moving in the opposite direction (e.g. a rise in interest rates likely leads to fall in bond prices).

Index Tracking Risk

Fund performance can potentially deviate from the reference index due to market conditions, transaction costs and different replication techniques such as optimization & sampling

Portfolio Information

3,21 Years
Effective Maturity
As of 01/03/2024
2,06 Years
Effective Duration
As of 01/03/2024
7,92%
est. yield to maturity
As of 01/03/2024
BA
average quality
As of 01/03/2024

Fund Facts

fund info image

FUND DESCRIPTION

The PIMCO Short-term High Yield Corporate Bond Index UCITS ETF aims to provide a return that closely corresponds, before fees and expenses, to the total return of the ICE BofAML 0-5 Year US High Yield Constrained Index.

DAILY NAV PRICE
$93,48
As of 01/03/2024

Price - Past performance does not predict future returns

Trading Information


Trading Currency
USD


Exchange Ticker
STHY

Settlement Period
T+2

Bloomberg ticker
STHY LN

Trading Information


Trading Currency
GBP


Exchange ticker
SSHY

Settlement Period
T+2

Bloomber ticker
SSHY LN

Trading Information


Trading Currency
USD


Exchange Ticker
STHY

Settlement Period
T+2

Bloomberg ticker
STHY SW

Trading Information


Trading Currency
EUR


Exchange Ticker
STHY

Settlement Period
T+2

Bloomberg ticker
STHY IM

BENCHMARK INFORMATION

ICE BofAML 0-5 Year US High Yield Constrained Index

The ICE BofAML 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.

BENCHMARK INFORMATION
Data point name Data point value
Bloomberg Ticker HUCE

The fund is passively managed (i.e. tracks the ICE BofAML 0-5 Year US High Yield Constrained Index (the "Index")). The fund is actively managed in reference to the above Benchmark as further outlined in the prospectus and key investor information document.

BENCHMARK INFORMATION
Data point name Data point value

Security Information

As of 01/03/2024

General

ISIN IE00B7N3YW49
AUM $1.441.668.372,73
Benchmark BBG Ticker HUCE
Number of Holdings 865
Base Currency USD
Launch Date 14 March 2012
Shares Outstanding 5.288.746
UK Reporting Status Yes
Registered for Distribution in Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Exchanges London Stock Exchange (USD), London Stock Exchange (GBP), SIX Swiss Exchange, Borsa Italiana
UCITS Yes
Dividend Treatment Monthly

Structure

Legal Form UCITS
Replication Method Physical
Domicile Ireland
Financial Year End 31 March
Equity Ratio (Tax Information for German Investors) 0,00
Use of Income Distributed

Key Service Providers

Issuer PIMCO ETFs plc
Manager PIMCO Europe Ltd
Fund Administrator State Street Fund Services (Ireland) Limited
Depository State Street Custodial Services (Ireland) Limited
Authorized Participants Banca Sella Holding S.p.A., Bluefin Europe LLP, Citigroup Global Market Limited, Credit Suisse Securities (Europe) Limited, DRW Europe B.V., Flow Traders B.V., Goldenberg Hehmeyer LLP, Goldman Sachs International, JP Morgan Securities Ltd., Jane Street Financial Limited, Morgan Stanley and Co. International plc, Nomura International plc, Old Mission Europe LLP, Société Générale , Unicredit Bank AG, Virtu Financial Ireland Limited

Top Ten Exposure

As of 01/03/2024

Top Ten Exposure table

Name Coupon Weight (%)
CDX HY41 5Y 5,00 3,68
REPO 5,32 2,90
REPO 5,33 2,84
FIN FUT US 2YR CBT 06/28/24 6,00 2,26
FIN FUT US 5YR CBT 06/28/24 6,00 2,04
REPO 5,33 0,58
CARNIVAL CORP SR UNSEC 144A 5,75 0,58
DIRECTV HOLDINGS/FING SEC 144A SMR 5,88 0,57
DISH NETWORK CORP 144A SR SEC 11,75 0,56
CHARTER COMM / CCO SR UNSEC 144A 5,13 0,49

Fund Managers

fund manager David Forgash
David Forgash
Portfolio Manager
fund manager Tanuj Dora
Tanuj Dora
Portfolio Manager
fund manager Matt Dorsten
Matt Dorsten
Portfolio Manager, Quantitative Strategy
fund manager Jason Vivas
Jason Vivas
Portfolio Manager
As of 01/03/2024

Fees and Expenses

Name Value
Management Fee 0,55%

Because the fund is an ETF, investors will typically only be able to buy or sell shares in the secondary market, on exchange. Authorized Participants who help in the creation or redemption of shares in the primary market, may face “create” or “redeem” fees (aka “entry” or “exit” fees) on the cash portion of the transaction (up to a maximum of 3.00%). These create and redeem fees are not applicable to secondary market investors. However, secondary market investors may incur brokerage and/or transaction fees in connection with their dealings. Secondary market investors may also bear the costs of bid-ask spreads; meaning the difference between the prices at which shares can be bought and sold.

Yields

7,92%
est. yield to maturity
As of 01/03/2024
6,52%
Current Yield
As of 01/03/2024
7,30%
distribution yield
As of 31/01/2024
Past performance does not predict future returns

Recent Distributions

As of 01/03/2024
Ex-Date
15/02/2024
Record Date
16/02/2024
Distribution Per Shares
0,5474
Currency
USD

Dividends

As of 01/03/2024
Distribution Date Dist. NAV ($) Dividend Income ($) Dist. Total ($)
15/02/2024 92,93 0,547414 0,547414
18/01/2024 92,78 0,519643 0,519643
21/12/2023 93,45 0,596518 0,596518
16/11/2023 90,67 0,506950 0,506950
19/10/2023 88,84 0,501777 0,501777
21/09/2023 90,67 0,613086 0,613086
17/08/2023 90,64 0,478010 0,478010
20/07/2023 91,34 0,568268 0,568268
15/06/2023 91,15 0,458193 0,458193
19/05/2023 90,17 0,432054 0,432054
20/04/2023 90,48 0,479700 0,479700
16/03/2023 89,45 0,448891 0,448891
16/02/2023 90,65 0,395182 0,395182
19/01/2023 91,34 0,494961 0,494961
15/12/2022 90,60 0,392726 0,392726
17/11/2022 89,62 0,369549 0,369549
20/10/2022 88,05 0,468221 0,468221
15/09/2022 89,78 0,366280 0,366280
18/08/2022 92,39 0,357993 0,357993
21/07/2022 90,28 0,437469 0,437469
16/06/2022 88,86 0,325007 0,325007
19/05/2022 91,14 0,356895 0,356895
21/04/2022 94,58 0,369935 0,369935
17/03/2022 95,40 0,339619 0,339619
17/02/2022 96,18 0,316356 0,316356
20/01/2022 98,05 0,363872 0,363872
16/12/2021 98,55 0,311589 0,311589
18/11/2021 98,99 0,298947 0,298947
21/10/2021 99,22 0,388795 0,388795
16/09/2021 99,83 0,304535 0,304535
19/08/2021 99,03 0,363013 0,363013
15/07/2021 99,84 0,356053 0,356053
17/06/2021 99,93 0,358847 0,358847
20/05/2021 99,26 0,465635 0,465635
15/04/2021 99,62 0,374169 0,374169
18/03/2021 98,57 0,411756 0,411756
18/02/2021 99,20 0,404642 0,404642
21/01/2021 99,05 0,493781 0,493781
17/12/2020 98,60 0,403334 0,403334
19/11/2020 97,15 0,499460 0,499460
15/10/2020 95,29 0,408383 0,408383
17/09/2020 95,39 0,406319 0,406319
20/08/2020 94,84 0,403024 0,403024
16/07/2020 93,54 0,332316 0,332316
18/06/2020 93,55 0,500431 0,500431
14/05/2020 88,13 0,347894 0,347894
16/04/2020 89,63 0,317294 0,317294
19/03/2020 82,79 0,494562 0,494562
13/02/2020 100,43 0,378738 0,378738
16/01/2020 100,86 0,363631 0,363631
19/12/2019 100,26 0,501302 0,501302
15/11/2019 99,42 0,361575 0,361575
17/10/2019 100,00 0,390751 0,390751
19/09/2019 100,69 0,450703 0,450703
15/08/2019 99,36 0,381223 0,381223
18/07/2019 100,76 0,494944 0,494944
13/06/2019 100,60 0,472777 0,472777
16/05/2019 100,69 0,422692 0,422692
18/04/2019 101,21 0,454830 0,454830
14/03/2019 100,21 0,459474 0,459474
14/02/2019 99,70 0,413107 0,413107
17/01/2019 98,78 0,331517 0,331517
20/12/2018 96,19 0,495623 0,495623
15/11/2018 98,53 0,387674 0,387674
18/10/2018 100,20 0,456861 0,456861
13/09/2018 101,15 0,391605 0,391605
16/08/2018 100,95 0,391538 0,391538
19/07/2018 100,84 0,504393 0,504393
14/06/2018 101,28 0,390796 0,390796
17/05/2018 100,91 0,407688 0,407688
19/04/2018 101,28 0,391676 0,391676
15/03/2018 100,93 0,422224 0,422224
15/02/2018 101,03 0,384070 0,384070
18/01/2018 102,15 0,491986 0,491986
14/12/2017 101,80 0,397987 0,397987
16/11/2017 101,67 0,409732 0,409732
19/10/2017 102,84 0,514112 0,514112
14/09/2017 102,65 0,393981 0,393981
17/08/2017 102,35 0,390612 0,390612
20/07/2017 103,06 0,472061 0,472061
15/06/2017 102,91 0,398356 0,398356
18/05/2017 102,65 0,517369 0,517369
13/04/2017 102,40 0,441303 0,441303
16/03/2017 101,77 0,427788 0,427788
16/02/2017 102,33 0,395374 0,395374
19/01/2017 101,93 0,549498 0,549498
15/12/2016 101,05 0,425038 0,425038
17/11/2016 99,48 0,435107 0,435107
20/10/2016 101,02 0,541826 0,541826
15/09/2016 99,39 0,427821 0,427821
18/08/2016 99,78 0,523014 0,523014
14/07/2016 99,17 0,472986 0,472986
16/06/2016 97,02 0,447677 0,447677
19/05/2016 96,29 0,528072 0,528072
14/04/2016 95,62 0,411262 0,411262
17/03/2016 94,00 0,368803 0,368803
18/02/2016 89,71 0,498343 0,498343
14/01/2016 91,67 0,405344 0,405344
17/12/2015 93,03 0,410895 0,410895
19/11/2015 95,81 0,493121 0,493121
15/10/2015 97,83 0,390537 0,390537
17/09/2015 99,01 0,408053 0,408053
20/08/2015 99,08 0,490130 0,490130
16/07/2015 102,05 0,389566 0,389566
18/06/2015 102,68 0,490640 0,490640
14/05/2015 103,48 0,367447 0,367447
16/04/2015 103,71 0,402090 0,402090
19/03/2015 102,95 0,350960 0,350960
19/02/2015 103,39 0,378630 0,378630
15/01/2015 102,35 0,375839 0,375839
18/12/2014 102,44 0,368991 0,368991
20/11/2014 103,93 0,438704 0,438704
16/10/2014 103,28 0,350355 0,350355
17/09/2014 105,26 0,329698 0,329698
20/08/2014 106,08 0,475531 0,475531
16/07/2014 106,68 0,333585 0,333585
18/06/2014 107,25 0,436734 0,436734
14/05/2014 107,20 0,367501 0,367501
16/04/2014 107,09 0,385677 0,385677
19/03/2014 107,01 0,371284 0,371284
19/02/2014 106,90 0,452613 0,452613
15/01/2014 106,93 0,335188 0,335188
18/12/2013 106,38 0,355987 0,355987
20/11/2013 106,20 0,456898 0,456898
16/10/2013 105,49 0,381488 0,381488
18/09/2013 104,93 0,490531 0,490531
14/08/2013 104,47 0,396691 0,396691
17/07/2013 104,55 0,392889 0,392889
19/06/2013 103,98 0,515304 0,515304
15/05/2013 106,07 0,413512 0,413512
17/04/2013 105,17 0,415900 0,415900
20/03/2013 104,87 0,417464 0,417464
20/02/2013 104,37 0,512167 0,512167
16/01/2013 104,39 0,406179 0,406179
19/12/2012 103,55 0,544354 0,544354
14/11/2012 102,05 0,434456 0,434456
17/10/2012 103,03 0,305771 0,305771
19/09/2012 102,77 0,626719 0,626719
15/08/2012 101,08 0,403457 0,403457
18/07/2012 100,48 0,372309 0,372309
20/06/2012 99,79 0,470544 0,470544
16/05/2012 100,01 0,359279 0,359279
18/04/2012 100,10 0,211882 0,211882

Discrete Performance

As of 29/02/2024
ANNUALIZED RETURNS
Annual Returns
Feb`14 - Feb`15 Feb`15 - Feb`16 Feb`16 - Feb`17 Feb`17 - Feb`18 Feb`18 - Feb`19 Feb`19 - Feb`20 Feb`20 - Feb`21 Feb`21 - Feb`22 Feb`22 - Feb`23 Feb`23 - Feb`24
US Short-Term High Yield Corporate Bond Index UCITS ETF 1,26 -7,73 19,35 3,74 4,19 2,76 6,24 1,99 -1,18 10,03
ICE BofAML 0-5 Year US High Yield Constrained Index 1,40 -8,35 21,21 4,40 4,55 3,22 6,87 2,62 -1,45 10,03
Performance - Fund vs Index -0,14 0,62 -1,86 -0,66 -0,36 -0,46 -0,63 -0,63 0,27 0,00
As of 31/01/2024
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio
Government Related 4,55
Securitized 0,00
Invest. Grade Credit 5,27
High Yield Credit 91,84
Emerging Markets 0,78
Municipal/Other 0,36
Net Other Short Duration Instruments -2,80
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio
Government Related 6,25
Securitized 0,00
Invest. Grade Credit 5,21
High Yield Credit 87,57
Emerging Markets 0,95
Municipal/Other 0,00
Net Other Short Duration Instruments 0,01
As of 31/01/2024
Portfolio Composition - Maturity Distribution
Years % of Fund
0-1 1,40
1-3 42,52
3-5 53,98
5-10 1,72
10-20 0,36
20+ 0,01
Effective Maturity (yrs) 3,17
As of 01/03/2024
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 1,00
Below A1/P1 0,00
AAA 9,73
AA 0,00
A 0,09
BAA 4,87
BB 49,79
B 26,41
Below B 8,12

interest rate exposures

As of 29/02/2024
exposure FUND
Effective Duration 2,08
Bull Market Duration 1,97
Bear Market Duration 2,17
Total Curve Duration -0,01

sector exposures

As of 29/02/2024
exposure FUND
Mortgage Spread Duration 0,00
Corporate Spread Duration 2,21
Emerging Markets Spread Duration 0,03

country exposure breakdown