PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS

$95.26

0.12%

Market Cap: $1.34B

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

4% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 25

0% more funds holding

Funds holding: 220 [Q1] → 221 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

11.94% less ownership

Funds ownership: 74.33% [Q1] → 62.39% (-11.94%) [Q2]

13% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 84

19% less capital invested

Capital invested by funds: $942M [Q1] → $764M (-$178M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HYS.

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Financial journalist opinion

HYS: Beware Rate Cutting Cycles

The PIMCO 0-5 Year High Yield Corporate Bond Index ETF gives investors exposure to short-duration high-yield bonds. While HYS may benefit initially from the Fed's rate cuts, historical trends show high-yield bonds underperform during recessions and economic slowdowns. Investors should high grade portfolios now, by considering investment-grade bonds and CLOs.

HYS: Beware Rate Cutting Cycles

HYS Vs. HYG: Little To Differentiate These HY Corporate ETFs

The iShares iBoxx $ High Yield Corporate Bond ETF is the largest "junk bond" ETF. The PIMCO 0-5 Year High Yield Corporate Bond Index ETF has better return data but seems to have a higher risk portfolio. Both ETFs are reviewed in depth and then compared. My conclusion: it is a toss-up as to which is the better ETF to hold short-term and/or long-term.

HYS Vs. HYG: Little To Differentiate These HY Corporate ETFs

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