STHY

US Short-Term High Yield Corporate Bond Index UCITS ETF

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High Yield
category / asset class
8.05%
est. yield to maturity
As of 2024-02-19
$92.88
DAILY NAV
As of 2024-02-19
0.14%
ytd return
As of 2024-02-19

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

3.16 Years
Effective Maturity
As of 2024-02-19
2.05 Years
Effective Duration
As of 2024-02-19
8.05%
est. yield to maturity
As of 2024-02-19
BA
average quality
As of 2024-02-19

Fund Facts

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
$92.88
As of 2024-02-19

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 2024-02-19

General

ISIN IE00B7N3YW49
AUM $1,422,233,143.26
Benchmark BBG Ticker HUCE
Number of Holdings 853
Base Currency USD
Launch Date 14 March 2012
Shares Outstanding 5,234,218
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 2024-02-19

Top Ten Exposure table

Name Coupon Weight (%)
REPO 5.30 3.83
CDX HY41 5Y 5.00 3.69
REPO 5.29 3.55
FIN FUT US 2YR CBT 03/28/24 6.00 2.26
FIN FUT US 5YR CBT 03/28/24 6.00 2.04
CARNIVAL CORP SR UNSEC 144A 5.75 0.59
DIRECTV HOLDINGS/FING SEC 144A SMR 5.88 0.58
DISH NETWORK CORP 144A SR SEC 11.75 0.57
TRANSDIGM INC SMR **TENDER & CONSENT** 6.25 0.56
REPO 5.30 0.52

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 2024-02-19

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

8.05%
est. yield to maturity
As of 2024-02-19
6.49%
Current Yield
As of 2024-02-19
7.30%
distribution yield
As of 2024-01-31
Past performance does not predict future returns

Recent Distributions

As of 2024-02-19
Ex-Date
2024-02-15
Record Date
2024-02-16
Distribution Per Shares
0.5474
Currency
USD

Dividends

As of 2024-02-19
Distribution Date Dist. NAV ($) Dividend Income ($) Dist. Total ($)
2024-02-15 92.93 0.547414 0.547414
2024-01-18 92.78 0.519643 0.519643
2023-12-21 93.45 0.596518 0.596518
2023-11-16 90.67 0.506950 0.506950
2023-10-19 88.84 0.501777 0.501777
2023-09-21 90.67 0.613086 0.613086
2023-08-17 90.64 0.478010 0.478010
2023-07-20 91.34 0.568268 0.568268
2023-06-15 91.15 0.458193 0.458193
2023-05-19 90.17 0.432054 0.432054
2023-04-20 90.48 0.479700 0.479700
2023-03-16 89.45 0.448891 0.448891
2023-02-16 90.65 0.395182 0.395182
2023-01-19 91.34 0.494961 0.494961
2022-12-15 90.60 0.392726 0.392726
2022-11-17 89.62 0.369549 0.369549
2022-10-20 88.05 0.468221 0.468221
2022-09-15 89.78 0.366280 0.366280
2022-08-18 92.39 0.357993 0.357993
2022-07-21 90.28 0.437469 0.437469
2022-06-16 88.86 0.325007 0.325007
2022-05-19 91.14 0.356895 0.356895
2022-04-21 94.58 0.369935 0.369935
2022-03-17 95.40 0.339619 0.339619
2022-02-17 96.18 0.316356 0.316356
2022-01-20 98.05 0.363872 0.363872
2021-12-16 98.55 0.311589 0.311589
2021-11-18 98.99 0.298947 0.298947
2021-10-21 99.22 0.388795 0.388795
2021-09-16 99.83 0.304535 0.304535
2021-08-19 99.03 0.363013 0.363013
2021-07-15 99.84 0.356053 0.356053
2021-06-17 99.93 0.358847 0.358847
2021-05-20 99.26 0.465635 0.465635
2021-04-15 99.62 0.374169 0.374169
2021-03-18 98.57 0.411756 0.411756
2021-02-18 99.20 0.404642 0.404642
2021-01-21 99.05 0.493781 0.493781
2020-12-17 98.60 0.403334 0.403334
2020-11-19 97.15 0.499460 0.499460
2020-10-15 95.29 0.408383 0.408383
2020-09-17 95.39 0.406319 0.406319
2020-08-20 94.84 0.403024 0.403024
2020-07-16 93.54 0.332316 0.332316
2020-06-18 93.55 0.500431 0.500431
2020-05-14 88.13 0.347894 0.347894
2020-04-16 89.63 0.317294 0.317294
2020-03-19 82.79 0.494562 0.494562
2020-02-13 100.43 0.378738 0.378738
2020-01-16 100.86 0.363631 0.363631
2019-12-19 100.26 0.501302 0.501302
2019-11-15 99.42 0.361575 0.361575
2019-10-17 100.00 0.390751 0.390751
2019-09-19 100.69 0.450703 0.450703
2019-08-15 99.36 0.381223 0.381223
2019-07-18 100.76 0.494944 0.494944
2019-06-13 100.60 0.472777 0.472777
2019-05-16 100.69 0.422692 0.422692
2019-04-18 101.21 0.454830 0.454830
2019-03-14 100.21 0.459474 0.459474
2019-02-14 99.70 0.413107 0.413107
2019-01-17 98.78 0.331517 0.331517
2018-12-20 96.19 0.495623 0.495623
2018-11-15 98.53 0.387674 0.387674
2018-10-18 100.20 0.456861 0.456861
2018-09-13 101.15 0.391605 0.391605
2018-08-16 100.95 0.391538 0.391538
2018-07-19 100.84 0.504393 0.504393
2018-06-14 101.28 0.390796 0.390796
2018-05-17 100.91 0.407688 0.407688
2018-04-19 101.28 0.391676 0.391676
2018-03-15 100.93 0.422224 0.422224
2018-02-15 101.03 0.384070 0.384070
2018-01-18 102.15 0.491986 0.491986
2017-12-14 101.80 0.397987 0.397987
2017-11-16 101.67 0.409732 0.409732
2017-10-19 102.84 0.514112 0.514112
2017-09-14 102.65 0.393981 0.393981
2017-08-17 102.35 0.390612 0.390612
2017-07-20 103.06 0.472061 0.472061
2017-06-15 102.91 0.398356 0.398356
2017-05-18 102.65 0.517369 0.517369
2017-04-13 102.40 0.441303 0.441303
2017-03-16 101.77 0.427788 0.427788
2017-02-16 102.33 0.395374 0.395374
2017-01-19 101.93 0.549498 0.549498
2016-12-15 101.05 0.425038 0.425038
2016-11-17 99.48 0.435107 0.435107
2016-10-20 101.02 0.541826 0.541826
2016-09-15 99.39 0.427821 0.427821
2016-08-18 99.78 0.523014 0.523014
2016-07-14 99.17 0.472986 0.472986
2016-06-16 97.02 0.447677 0.447677
2016-05-19 96.29 0.528072 0.528072
2016-04-14 95.62 0.411262 0.411262
2016-03-17 94.00 0.368803 0.368803
2016-02-18 89.71 0.498343 0.498343
2016-01-14 91.67 0.405344 0.405344
2015-12-17 93.03 0.410895 0.410895
2015-11-19 95.81 0.493121 0.493121
2015-10-15 97.83 0.390537 0.390537
2015-09-17 99.01 0.408053 0.408053
2015-08-20 99.08 0.490130 0.490130
2015-07-16 102.05 0.389566 0.389566
2015-06-18 102.68 0.490640 0.490640
2015-05-14 103.48 0.367447 0.367447
2015-04-16 103.71 0.402090 0.402090
2015-03-19 102.95 0.350960 0.350960
2015-02-19 103.39 0.378630 0.378630
2015-01-15 102.35 0.375839 0.375839
2014-12-18 102.44 0.368991 0.368991
2014-11-20 103.93 0.438704 0.438704
2014-10-16 103.28 0.350355 0.350355
2014-09-17 105.26 0.329698 0.329698
2014-08-20 106.08 0.475531 0.475531
2014-07-16 106.68 0.333585 0.333585
2014-06-18 107.25 0.436734 0.436734
2014-05-14 107.20 0.367501 0.367501
2014-04-16 107.09 0.385677 0.385677
2014-03-19 107.01 0.371284 0.371284
2014-02-19 106.90 0.452613 0.452613
2014-01-15 106.93 0.335188 0.335188
2013-12-18 106.38 0.355987 0.355987
2013-11-20 106.20 0.456898 0.456898
2013-10-16 105.49 0.381488 0.381488
2013-09-18 104.93 0.490531 0.490531
2013-08-14 104.47 0.396691 0.396691
2013-07-17 104.55 0.392889 0.392889
2013-06-19 103.98 0.515304 0.515304
2013-05-15 106.07 0.413512 0.413512
2013-04-17 105.17 0.415900 0.415900
2013-03-20 104.87 0.417464 0.417464
2013-02-20 104.37 0.512167 0.512167
2013-01-16 104.39 0.406179 0.406179
2012-12-19 103.55 0.544354 0.544354
2012-11-14 102.05 0.434456 0.434456
2012-10-17 103.03 0.305771 0.305771
2012-09-19 102.77 0.626719 0.626719
2012-08-15 101.08 0.403457 0.403457
2012-07-18 100.48 0.372309 0.372309
2012-06-20 99.79 0.470544 0.470544
2012-05-16 100.01 0.359279 0.359279
2012-04-18 100.10 0.211882 0.211882

Discrete Performance

As of 2024-01-31
ANNUALIZED RETURNS
Annual Returns
Jan`14 - Jan`15 Jan`15 - Jan`16 Jan`16 - Jan`17 Jan`17 - Jan`18 Jan`18 - Jan`19 Jan`19 - Jan`20 Jan`20 - Jan`21 Jan`21 - Jan`22 Jan`22 - Jan`23 Jan`23 - Jan`24
US Short-Term High Yield Corporate Bond Index UCITS ETF 0.64 -6.07 17.99 5.41 2.25 5.70 4.17 2.78 -0.76 8.82
ICE BofAML 0-5 Year US High Yield Constrained Index 0.43 -6.57 19.60 6.17 2.80 6.10 4.53 3.81 -1.21 8.81
Performance - Fund vs Index 0.21 0.50 -1.61 -0.76 -0.55 -0.40 -0.36 -1.03 0.45 0.01
As of 2024-01-31
Portfolio Composition - Sector Allocation: Market Value
category / asset class FUND Fund ratio ICE BofAML 0-5 Year US High Yield Constrained Index Index ratio
Government Related 4.55 0.00
Securitized 0.00 0.00
Invest. Grade Credit 5.27 0.00
High Yield Credit 91.84 100.00
Emerging Markets 0.78 0.00
Municipal/Other 0.36 0.00
Net Other Short Duration Instruments -2.80 0.00
Portfolio Composition - Sector Allocation: Duration
Sector Fund Fund ratio ICE BofAML 0-5 Year US High Yield Constrained Index Index ratio
Government Related 6.25 0.00
Securitized 0.00 0.00
Invest. Grade Credit 5.21 0.00
High Yield Credit 87.57 100.00
Emerging Markets 0.95 0.00
Municipal/Other 0.00 0.00
Net Other Short Duration Instruments 0.01 0.00
As of 2024-01-31
Portfolio Composition - Maturity Distribution
Years % of Fund % of ICE BofAML 0-5 Year US High Yield Constrained Index
0-1 1.40 3.62
1-3 42.52 34.29
3-5 53.98 58.79
5-10 1.72 3.31
10-20 0.36 0.00
20+ 0.01 0.00
Effective Maturity (yrs) 3.17 -
As of 2024-02-19
Portfolio Composition - Credit Rating: S&P
Quality MV (%) Fund percent
A1/P1 1.16
Below A1/P1 0.00
AAA 11.25
AA 0.00
A 0.06
BAA 4.72
BB 49.00
B 25.73
Below B 8.07

interest rate exposures

As of 2024-01-31
exposure FUND index
Effective Duration 1.99 2.16
Bull Market Duration 1.88 -
Bear Market Duration 2.09 -
Total Curve Duration -0.01 N/A

sector exposures

As of 2024-01-31
exposure FUND index
Mortgage Spread Duration 0.00 0.00
Corporate Spread Duration 2.11 2.15
Emerging Markets Spread Duration 0.03 0.02

country exposure breakdown

Regulatory Documents